Stocks to watch: LHN, CICT, Clar, MPACT, First Reit, Japfa, Indofood Agri

THE following companies saw new developments that may affect trading of their securities on Tuesday (Aug 1):

LHN Limited : Shareholders of LHN Limited on Monday voted in favour of wholly-owned subsidiary LHN Group disposing of all its shares in LHN Logistics , agreeing to accept a voluntary conditional general offer to be made by Shanghai-listed Milkyway Chemical. The deal is expected to generate S$32 million in cash proceeds for LHN Limited. Prior to the announcement, shares of LHN Limited closed down 1.3 per cent or S$0.005 at S$0.385, while LHN Logistics closed flat at S$0.225.

CapitaLand Integrated Commercial Trust (CICT): CICT reported on Tuesday a 1.5 per cent increase in distribution per unit (DPU) to S$0.053 for its first half ended Jun 30, 2023, from S$0.0522 the year before. This comes on the back of higher gross revenue, mainly due to contributions from its acquisitions, asset enhancement initiative and higher rental income. Units of CICT were down 0.5 per cent or S$0.01 at S$2.04 on Monday.