Stocks to watch: FCT, CLI, OUE Reit, Tan Chong International, Vividthree

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jan 8):

Frasers Centrepoint Trust (FCT): The trust’s manager announced its entry into a S$400 million green loan facility on Wednesday. It involves a green term loan and revolving credit facilities, in an agreement between the trust and lenders DBS, OCBC and Maybank. The manager said around US$2.68 billion in facilities would be affected if mandatory prepayment were to occur. Units of FCT closed S$0.01 or 0.4 per cent lower at S$2.27, before the announcement.

CapitaLand Investment (CLI): The real asset manager on Thursday announced that its CapitaLand Southeast Asia Logistics Fund has bought a 5.1 hectare site in the Republic to develop an automated logistics facility dubbed Omega 1 Singapore for an estimated total development cost of S$260 million. The five-storey facility is set to be completed in 2028 and will have a gross floor area of 71,000 square metres. CLI has also made a minority investment in smart logistics infrastructure company Ally Logistic Property, which will lease Omega 1 under a long-term master lease with built-in rent escalation. Shares of CLI rose 0.7 per cent to close S$0.02 higher at S$2.78 on Wednesday.