Stocks to watch: CapitaLand Investment, CapitaLand India Trust, HRnetGroup, GSS Energy
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Michelle Zhu
THE following companies saw new developments that may affect trading of their securities on Thursday (Dec 29):
CapitaLand Investment (CLI), CapitaLand India Trust (Clint): A wholly-owned subsidiary of CLI and its joint venture partner have agreed to divest International Tech Park Pune, Hinjawadi to Clint for 13.5 billion rupees (S$221.9 million). According to its trustee-manager on Thursday, Clint’s acquisition would represent a yield accretive opportunity as well as provide significant operational advantages. CLI closed flat at S$3.67 on Wednesday, while Clint units ended unchanged at S$1.13.
HRnetGroup : Its branch in Taiwan has secured a capital injection of S$1 million, along with a recruitment licence for its expansion into Kaohsiung. According to the group’s founding chairman, HRnetGroup will “continue to invest strongly in growth” with these two developments. Shares of the mainboard-listed counter closed flat at S$0.775 on Wednesday, before the news.
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