Stocks to watch: ESR Reit, Del Monte Pacific, Vin’s Holdings

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jun 3): 

ESR Reit : The manager of the real estate investment trust (Reit) announced the establishment of a S$2 billion medium term securities programme on Tuesday, for which OCBC is the arranger and initial dealer. The securities will be offered in Singapore, pursuant to exceptions under the Securities and Futures Act 2001. Net proceeds from each issuance will be used to refinance ESR Reit’s borrowings, finance or refinance its acquisitions and/or investments, or for working capital purposes. Units of ESR Reit closed Tuesday 0.4 per cent or S$0.01 down at S$2.37, before the news.

Del Monte Pacific : The mainboard-listed F&B group outlined a framework addressing its debt obligations in a group capital and financial recovery plan submitted to the Philippine Stock Exchange on Monday. The total debt perimeter subject to the restructuring is about US$1.2 billion, according to the filing, which was disclosed to the Singapore Exchange on Tuesday. Shares of Del Monte Pacific closed flat at S$0.089 on Tuesday, after the news.