Stocks to watch: Mapletree Logistics Trust, Mandarin Oriental, Ossia International

THE following companies saw new developments that may affect trading of their securities on Thursday (Jun 13):

Mapletree Logistics Trust : The trust’s manager said it will divest its entire equity interest in its wholly foreign-owned enterprise, Mapletree Logistics Warehouse (Xian), for an estimated price of 70.5 million yuan (S$13.1 million). The divestment is not expected to have a material impact on the trust’s net asset value and net property income for the fiscal year, said the manager on Wednesday. Units of Mapletree Logistics Trust closed flat at S$1.32, before the news.

Mandarin Oriental International : The hotel investment and management group has signed an option to sell its interest in two retail units adjoining the Mandarin Oriental, Paris, for 148 million euros (S$215.8 million). Proceeds of the sale will go towards the group’s general development strategy. Shares of Mandarin Oriental closed 0.6 per cent or US$0.01 lower at US$1.74 on Wednesday, before the news.

Ossia International : The Goh family that controls Ossia International on Wednesday proposed to privatise the company at S$0.145 per share in cash through a voluntary unconditional offer. The offer price represents a premium of about 20.8 per cent over the company’s last traded price on Jun 7. Ossia International called for a trading halt last Friday after the market closed, with its shares ending at S$0.12. The counter resumes trading on Thursday.