Stocks to watch: Keppel Reit, LMIRT, ValueMax, Serial Achieva
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THE following companies saw new developments that may affect trading of their securities on Thursday (Jun 27):
Keppel Reit : It has established a green financing framework that will serve as a reference for all green finance transactions it issues, announced the real estate investment trust’s (Reit) manager on Wednesday. Keppel Reit’s sustainability-focused funding formed 63 per cent of its total borrowings as at Mar 31, 2024. Units of the Reit closed flat at S$0.84, before the news.
Lippo Malls Indonesia Retail Trust (LMIRT): The Reit has upsized its term loan facility to 4.5 trillion rupiah (S$371.8 million), said the manager on Thursday. Proceeds from the upsized facility will be used to finance the purchase of the Reit’s outstanding senior notes due 2026, among other purposes. Units of LMIRT closed on Wednesday down 7.7 per cent or S$0.001 at S$0.012.
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