Stocks to watch: Keppel, CapitaLand China Trust, Frasers Property
Add BT as a preferred source
Michelle Zhu
THE following companies saw new developments that may affect trading of their securities on Friday (Oct 13):
Keppel Corporation : Its private fund is acquiring two properties in Australia for A$198 million (S$175 million). On Thursday, the group said it intends to lease out the properties to educational institutions. The acquisition is expected to bring Keppel’s portfolio of assets in Australia to A$4.8 billion upon completion. Shares of Keppel Corporation closed 1.5 per cent or S$0.10 higher at S$6.76, before the news.
CapitaLand China Trust (CLCT): Its subsidiary has priced 600 million yuan (S$112 million) in free-trade zone offshore yuan bonds at 3.8 per cent per annum. This marks CLCT’s first issuance of yuan-denominated bonds within the China (Shanghai) Pilot Free Trade Zone, said its manager on Friday. Units of the trust closed on Thursday S$0.01 or 1.1 per cent higher at S$0.88.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
MAS convenes bank CEOs over AI cyberthreats; boards told to own risks, not leave to IT teams
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
LTA circular to potential EV charger owners reveals hundreds of e-mail addresses under carbon copy feature
