Stocks to watch: CapitaLand Investment, Nio, Japfa, Stoneweg E-Reit, Grand Venture, Frencken

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jun 4).

CapitaLand Investment (CLI) : The manager of CapitaLand Malaysia Trust (CLMT), a CLI subsidiary, on Tuesday proposed a placement of up to 435.4 million new units to raise gross cash proceeds of up to RM250 million (S$75.8 million). The manager may place the proceeds in interest-bearing deposit accounts with licensed financial institutions, short-term money market deposits or other permissible investments allowed under the trust deed of CLMT. Units of CLI ended Tuesday 0.4 per cent or S$0.01 higher at S$2.51.

Nio : The Chinese electric vehicle maker on Tuesday posted a net loss of US$949.6 million for its first quarter of 2025. This is a 31.1 per cent increase from the the year-ago period and a 3.4 per cent decrease from the previous quarter. Vehicle deliveries stood at 42,094 for Q1 2025, up 40.1 per cent on the year but down 42.1 per cent on the quarter. The counter ended on Tuesday 0.3 per cent or US$0.01 higher at US$3.53, before the announcement.