Stocks to watch: Mapletree Logistics Trust, Keppel Reit, AJJ Medtech

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Oct 14):

Mapletree Logistics Trust : The manager of Mapletree Logistics Trust on Monday announced that it had completed the divestment of an Australian property. Located in Victoria, Australia, the logistics property was sold for A$60 million (S$50.4 million). Following this divestment, the trust’s portfolio comprises 174 properties and the total value of its assets under management is S$13 billion. Units of Mapletree Logistics Trust closed flat on Monday at S$1.26, before the announcement.

Keppel Real Estate Investment Trust (Reit) : The manager of Reit on Monday announced that its private placement to raise S$113 million for a Sydney mall acquisition was approved. The 115 million units, issued at S$0.983 per unit, are expected to commence trading on Friday. The Reit is buying a 75 per cent stake in Top Ryde City Shopping Centre in Sydney – its first pure-play retail purchase. Units of Keppel Reit closed flat on Monday at S$1, before the announcement.

AJJ Medtech : The Catalist-listed medical technologies company on Sunday entered into a legally binding memorandum of understanding for the joint development and operation of the world’s first multifunctional humanoid elderly care robot. It will partner with China’s Huaxi Intelligent Technology Co and will conduct clinical trials and pilot applications across Singapore’s nursing homes and medical institutions. In Singapore, seniors aged 65 and above are projected to reach 1.5 million by 2030. Shares of AJJ Medtech were up 14.3 per cent or S$0.001 to close at S$0.008 on Monday.