Stocks to watch: OUE Reit, Yangzijiang Financial, UG Healthcare
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THE following companies saw new developments that may affect trading of their securities on Thursday (Jun 6):
OUE Real Estate Investment Trust (OUE Reit): Its wholly owned subsidiary, OUE Reit Treasury, has priced its offering of S$250 million of green notes under its S$2 billion multi-currency debt issuance programme. The notes will bear an annual coupon of 4.1 per cent. Net proceeds will be used exclusively to finance or refinance new or existing eligible green projects. Units of OUE Reit closed 1.9 per cent or S$0.005 higher at S$0.27 on Wednesday, before the announcement was made.
Yangzijiang Financial : The company announced on Wednesday that its maritime fund entered into a joint venture with Alpha Omega Marine, a Singapore-based equity-investment vehicle specialising in maritime opportunities, to acquire a dry-bulk vessel. Shares of Yangzijiang Financial closed 1.5 per cent or S$0.005 lower at S$0.325, before the news.
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