Stocks to watch: Keppel Reit, CLI, MPACT, Ultragreen.ai, Ossia

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Dec 11):

CapitaLand Investment (CLI) : CLI has closed its second onshore sub-fund, China Retail RMB Fund I (CRF I), under the CLI RMB Master Fund, and secured a total fund size of one billion yuan (S$183 million). It announced plans to recapitalise CapitaMall Xinduxin to realise value through its sale as the seed asset to the sub-fund. Shares of CLI closed flat at S$2.59 on Wednesday, before the news.

Mapletree Pan Asia Commercial Trust (MPACT) : Its manager announced on Wednesday that that its subsidiary – Festival Walk – will sell Festival Walk Tower at nearly HK$2 billion (S$328.1 million) to an unrelated third party. The tower, which is the office component of Festival Walk in Hong Kong, has a lettable area of 213,982 square feet (sq ft) and seven tenants. Its purchase price was originally HK$2.3 billion, upon independent valuation back in 2021. Units of MPACT closed unchanged at S$1.42 on Wednesday.