Stocks to watch: MIT, SIAEC, StarHub, SingPost, Oxley, Marco Polo Marine

THE following companies saw new developments that may affect trading of their securities on Friday (Feb 9):

Mapletree Industrial Trust (MIT): The real estate investment trust (Reit) has priced S$50 million notes with a fixed coupon rate of 3.751 per cent per annum. The notes, due February 2027, are to be issued on Feb 16, said its manager on Thursday. Proceeds from the notes issue will be used to refinance the Reit’s existing borrowings. Units of Mapletree Industrial Trust fell 1.2 per cent or S$0.03 to close at S$2.38, before the announcement.

SIA Engineering Company (SIAEC): The aircraft maintenance provider announced on Thursday that it will be selling its entire stake in Additive Flight Solutions, an aerospace additive company, to its joint-venture partner Stratasys for US$90,000. Stratasys, an additive manufacturing company, owns 40 per cent of Additive Flight Solutions, and will purchase the remaining 60 per cent owned by SIAEC. Shares of SIAEC closed flat at S$2.29 before the announcement.