Stocks to watch: FLCT, Yangzijiang Maritime, MoneyMax, Keppel Pacific Oak US Reit

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Apr 17): 

Frasers Logistics & Commercial Trust (FLCT) : The manager of FLCT announced on Thursday that it has completed the acquisition of a freehold logistics property in Hapert, the Netherlands, for a gross purchase price of 43 million euros (S$64.4 million). The acquisition is expected to be accretive to FLCT’s distribution per unit. Units of FLCT ended at S$0.97 on Thursday before the announcement, S$0.015 or 1.6 per cent higher.

Yangzijiang Maritime : The maritime investments company on Thursday said it has signed contracts to acquire eight very large crude carrier newbuilds and sell four medium-range tankers. It said the transactions are expected to contribute positively to its financial performance, subject to completion, delivery schedules and applicable accounting recognition. The acquisition will be funded through a combination of equity co-investment and debt financing. Shares of the company closed S$0.01 or 1.5 per cent lower at S$0.675 before the announcement.