Stocks to watch: CDL, Lendlease Global Commercial Reit, Frencken, Geo Energy, Ever Glory
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[SINGAPORE] The following companies saw new developments that may affect the trading of their securities on Tuesday (May 19):
City Developments Limited (CDL) : Kwek Leng Peck, cousin of CDL’s executive chairman Kwek Leng Beng, will take on the role of vice-chairman of the company’s board, and become a non-independent and non-executive director on Jun 1. A bourse filing on Monday said this move sees the 69-year-old rejoin the company after he resigned from the latter posts in October 2020. Shares of CDL closed S$0.02 lower or 0.3 per cent to reach S$7.84 on Monday, before the news.
Lendlease Global Commercial Real Estate Investment Trust (Reit) : The manager of the trust on Monday posted a positive retail rental reversion of 12.2 per cent for the third quarter ended Mar 31, 2026. This comes as it completed an acquisition of the remaining 30 per cent stake in PLQ Mall in March. Units of Lendlease Reit closed unchanged at S$0.57 on Monday, before the announcement.
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