Stocks to watch: Manulife US Reit, China Everbright Water
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Daphne Yow
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.
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