Stocks to watch: Manulife US Reit, China Everbright Water

THE following companies saw new developments that may affect trading of their securities on Thursday (Jun 8).

Manulife US Real Estate Investment Trust (Manulife US Reit): The Reit’s manager announced on Wednesday that its tenant, The Children’s Place, has exercised its early-termination rights for the leases expiring on May 31, 2029. The Children’s Place is the Reit’s fifth-largest tenant by gross rental income and makes up 3.3 per cent of its overall gross rental income. Units of the Reit closed up 3 per cent or US$0.005 at US$0.174, before the news.

China Everbright Water : The mainboard-listed company on Wednesday announced that its subsidiary has secured the fourth phase of a wastewater treatment project in Jiangyin city in China’s Jiangsu province. The project will be carried out on a build-operate-transfer model, with an investment of about 253 million yuan (S$47.9 million). The counter closed up 2.5 per cent or S$0.005 at S$0.205, before the news.