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Stocks to watch: Seatrium, Straits Trading, Parkson Retail, CDL, Sabana Reit, GHY Culture, Olam

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Navene Elangovan

Published Mon, Sep 11, 2023 · 08:56 AM
    • Seatrium has a balance of S$300 million in net proceeds from its rights issue back in 2021.
    • Seatrium has a balance of S$300 million in net proceeds from its rights issue back in 2021. PHOTO: SEATRIUM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    THE following companies saw new developments that may affect trading of their securities on Monday (Sep 11):

    Seatrium : The company said on Friday that it has a balance of S$300 million in net proceeds from its rights issue back in 2021, after S$100 million was recently used to repay a loan facility. The rights issue had raised some S$1.5 billion in net proceeds for the offshore and marine group. Shares of the company fell 0.7 per cent or S$0.001 to close at S$0.14 after the announcement.

    Straits Trading : The investment company launched two new property investment products on Sunday that provide fractionalised exposure to real estate under its Fractionalised Investment Real estate-Straits Trading programme. The underlying properties offered are a freehold Good Class Bungalow and a leasehold condominium unit. Shares of the company fell 0.5 per cent on Friday to close at S$1.97.

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