Stocks to watch: CICT, Keppel, Sats, F&N, MPACT, Parkway Life Reit

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Aug 6):

CapitaLand Integrated Commercial Trust (CICT) : The manager of the trust on Wednesday posted an update on its private placement, with an issue price fixed at S$2.11 per new unit. The Reit on Tuesday has provided a range of the issue price to be between S$2.105 and S$2.142 per new unit. In addition, the joint bookrunners and underwriters are said to have agreed to raise an additional gross proceeds of around S$100 million for the issue, such that the aggregate gross proceeds raised is approximately S$600 million. Units in CICT last traded at S$2.24, and announced on Wednesday morning that it will be lifting its trading halt.

Keppel : The group on Tuesday amended the terms of the sale of its 70 per cent stake in Saigon Sport City, with lower prices than previously announced. Its subsidiary Jencity, which owns 100 per cent of Saigon Sport City, will now sell a stake of 35 per cent each to HTV Dai Phuoc and Vinobly Investment Real Estate Joint Stock, for about 2.6 trillion dong (S$127.2 million) for each divestment. This is compared the earlier agreement where Jencity was to be paid by HTV Dai Phuoc about 320 billion dong for a 5 per cent stake, and as much as 3.3 trillion dong for another 30 per cent stake. Shares of Keppel closed on Tuesday up S$0.07 or 0.8 per cent at S$8.42, before the news.