Stocks to watch: Sembcorp Industries, Suntec Reit, Digital Core Reit, SingPost
THE following companies saw new developments that may affect trading of their securities on Friday (Dec 6):
Sembcorp Industries : The group’s wholly owned subsidiary, Sembcorp Fuels, signed a 10-year sale-and-purchase agreement with oil major Chevron Corp for approximately 0.6 million tonnes of liquefied natural gas each year. Its delivery is expected to commence in 2028. Shares of Sembcorp closed at S$5.65 on Thursday, up 2.7 per cent or S$0.15, before the news.
Suntec Real Estate Investment Trust (Suntec Reit) : Property tycoon Gordon Tang and his wife Celine have made a mandatory conditional cash offer to acquire all the units of the Reit at S$1.16 per unit in cash. The cash offer was made through their investment holding company Aelios. It was triggered after Aelios acquired 62.5 million units, about 2.1 per cent of the Reit’s total units, on Thursday by way of on-market transactions at S$1.16 apiece. Previously, Aelios was deemed to have a 29.3 per cent stake in the Reit. Units in Suntec Reit closed at S$1.17 on Thursday, up 0.9 per cent or S$0.01, before the announcement.
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