Stocks to watch: CapitaLand Investment, TalkMed, Aspen

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jun 12).

CapitaLand Investment (CLI) : The manager of CapitaLand China Trust (CLCT), a CLI subsidiary, on Thursday proposed the establishment and listing of a publicly traded infrastructure securities investment fund, CapitaLand Commercial C-Reit, on the Shanghai Stock Exchange. CLCT is also divesting 100 per cent of its interest in CapitaMalls Hunan Commercial Property, the entity that owns CapitaMall Yuhuating, as part of its participation in the commercial real estate investment trust (C-Reit) listing. At market close on Wednesday, shares of CLI were up 0.8 per cent or S$0.02 at S$2.61, and units of CLCT had risen 0.7 per cent or S$0.005 to S$0.695.

TalkMed : The tertiary healthcare service provider on Thursday announced that the first court hearing for its proposed privatisation will take place at 2.30 pm on Jun 17. This follows a joint announcement with offeror TW Troy regarding the proposal to acquire all the shares of the company, which requires approval from a majority of shareholders representing at least 75 per cent of shares voted. Shares of TalkMed closed 1.1 per cent or S$0.005 lower at S$0.44 on Wednesday.