Stocks to watch: Mapletree Logistics Trust, CSE Global
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THE following companies saw new developments that may affect the trading of their securities on Monday (Jan 6):
Mapletree Logistics Trust (MLT): It is divesting a property in Malaysia for RM31.5 million (S$9.6 million) or 31.3 per cent above value. On Friday, its manager said the divestment is expected to be completed in the first half of FY2025/2026, with no material impact on MLT’s net asset value and net property income for the current financial year. Units of MLT closed S$0.01 or 0.8 per cent higher at S$1.30, before the announcement.
CSE Global : The technology solutions provider is proposing to divest its subsidiary’s industrial property in the United States for US$29.3 million. This would allow the group to free up capital to purchase a larger property in the US for the expansion of CSE Global’s business, it said on Friday. Prior to the news, its shares ended S$0.01 or 2.4 per cent higher at S$0.425.
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