Stocks to watch: Keppel Reit, RE&S, Cordlife

THE following companies saw new developments that may affect trading of their securities on Monday (May 20):

Keppel Reit : Its subsidiary procured a loan facility of 131 billion won (S$130.1 million), guaranteed by its trustee HSBC Institutional Trust Services, the real estate investment trust’s manager said on Friday. The revolving credit facility was obtained by Keppel No 4 General Investors’ Private Real Estate Investment Limited Liability Company, and carries conditions related to a change in the manager or its effective shareholding. Keppel Reit’s units ended S$0.005 or 0.6 per cent lower at S$0.87, before the announcement.

RE&S : The food and beverage operator on Sunday announced that it received a privatisation proposal from Euphoria Investments, a special purpose vehicle managed by Southern Capital Group. Euphoria Investments is offering S$0.36 in cash per share, or S$0.33 in cash and 0.083143 new shares in the special purpose vehicle. Shares of RE&S closed flat at S$0.265 on May 14 before a trading halt. It will resume trading on Monday.