Stocks to watch: Jardine C&C, Sabana Reit
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THE following companies saw new developments that may affect trading of their securities on Friday (Apr 12):
Jardine Cycle & Carriage (Jardine C&C): The conglomerate said that Jean-Pierre Felenbok will join the company’s board from Apr 29 as a non-executive independent director. In a bourse filing on Thursday, the company noted that he was the founder of Bain Indonesia and has been an advisory partner for Bain South-east Asia since 2022. The counter closed S$0.60 or 2.3 per cent higher at S$26.71, before the news.
Sabana Industrial Real Estate Investment Trust (Sabana Reit): In a letter posted by Sabana Reit to the bourse on Thursday, a few unitholders of the Reit voiced concerns about Quarz Capital and four other unitholders who are requisitioning a third extraordinary general meeting. Chan Wai Kheong – a former independent non-executive director of the Reit – called on the requisitionists to respect certain details that have been set out in the trust deed. Units of Sabana Reit closed S$0.01 or 2.8 per cent higher at S$0.37, before the announcement.
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