Stocks to watch: CDL, IReit, Civmec

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jun 5):

City Developments Ltd (CDL) : CDL announced on Friday a 100 per cent take-up rate for its buyback offer for 24,120,733 preference shares. Shares of CDL ended at S$8.39, S$0.01 or 0.1 per cent lower, before the announcement.

IReit Global : It announced on Thursday that its wholly owned subsidiaries holding the Berlin Campus were served with a statement of claim on May 19, by former main tenant DRV. DRV is seeking a repayment of about 8.4 million euros (S$12.5 million) plus interest. In response, IReit’s legal counsel filed a common notice of defence with the Berlin regional court on May 20, and is currently requesting an extension to Jul 16 to submit their formal statement of defence. Shares of IReit Global ended flat at S$0.23 on Thursday.

Civmec : The construction and engineering services provider announced on Thursday that its order book reached a new record of S$1.5 billion amid new contracts, panel agreement extensions and orders. The new awards span its resources, infrastructure, energy and maintenance activities, and are expected to be delivered across FY2027 and FY2028. Civmec shares fell 1.3 per cent or S$0.02 to S$1.54, before the news.