Stocks to watch: Don Agro International, Sabana Reit

THE following companies saw new developments that may affect trading of their securities on Wednesday (Jun 28):

Don Agro International : The Russia-based agricultural company on Tuesday said it will dispose of between 99 per cent and 99.99 per cent of its stakes in four subsidiaries for 6.2 billion roubles (about S$113 million). The disposal targets are Don Agro, Volgo-Agro, Happy Cow and JSC Don Agro. The group on Wednesday requested to lift its trading halt called on Jun 23. Its shares last traded at S$0.19 on May 15.

Sabana Industrial Real Estate Investment Trust (Sabana Reit) : Its manager on Wednesday said it will convene an extraordinary general meeting (EGM) on Aug 4 at 2 pm. The EGM requisitioned was by activist investor Quarz Capital, which is seeking to remove the Reit manager and internalise the Reit management function by appointing a new manager that is wholly owned by the Reit’s trustee. Sabana Reit’s units closed 1.2 per cent or S$0.005 higher at S$0.435 on Tuesday.