Stocks to watch: Ho Bee Land, IReit Global, Centurion, Isetan, Dasin Retail Trust

THE following companies saw new developments that may affect trading of their securities on Friday (Jul 5):

Ho Bee Land : The real estate group has priced S$160 million in fixed-rate green notes due 2029 at 4.35 per cent. Net proceeds from the issuance will be used to fund or refinance eligible green projects. Shares of Ho Bee Land closed flat at S$1.86 on Thursday.

IReit Global : The real estate investment trust’s manager appointed Peter Viens as its new chief executive officer, following the departure of existing CEO Louis d’Estienne d’Orves. On Thursday, it also named Emilio Velasco, Tikehau Capital’s head of real estate in Spain and Portugal, as its next chief investment officer, who will assist the CEO in overseeing the investment and asset management functions for IReit. Units of IReit closed flat at S$0.285, before the news.

Centurion : A joint venture of the dormitory operator has leased 50 residential flats in a property in Hong Kong from Abercorn Investments, and plans to renovate these units into accommodation for workers. The transaction is not expected to have a material impact on the company’s consolidated net tangible assets or earnings per share for the fiscal year ending Dec 31, it said on Thursday. Shares of Centurion closed flat at S$0.585, before the announcement.

Isetan Singapore : The Japanese retailer said the court has granted it leave to convene a scheme meeting following its announcement that the Singapore Exchange has no objection to the delisting proposed in April, subject to several conditions. Shares of Isetan closed 0.1 per cent or S$0.01 higher at S$7.11 on Thursday, before the news.

Dasin Retail Trust : Its trustee-manager said on Thursday that it has received a letter of demand from GSUM-Titanland Capital for S$214,000, allegedly outstanding from a financial consultancy agreement. Units of Dasin Retail Trust closed at S$0.021, down S$0.001 or 4.6 per cent, before the announcement.