Stocks to watch: Singtel, Stoneweg Europe Stapled Trust, CapitaLand Ascendas Reit

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Mar 24):

Singtel : The local telco on Monday afternoon was hit with more than 9,700 user reports of a disruption on Downdetector, after three consecutive days of issues last week. These reports began from 3.20 pm. Singtel said in an update at 5.23 pm on Facebook that the disruption was due to an “international traffic optimisation issue” which has been resolved. The counter ended Monday 5.4 per cent or S$0.28 lower at S$4.93.

Stoneweg Europe Stapled Trust (Sert) : The managers announced on Tuesday that Sert is divesting its office asset Riverside Park in Warsaw, Poland, for a consideration of 22.5 million euros (S$33.6 million). It has entered into a binding agreement with a Polish private limited liability company that operates an oncology hospital in Warsaw. The divestment is part of the stapled group’s ongoing portfolio optimisation initiatives. Stapled securities of Sert ended at 1.50 euros on Monday, down 0.03 euro or 2 per cent.

CapitaLand Ascendas Reit (Clar) : The real estate investment trust’s (Reit) manager announced on Tuesday that Clar is acquiring two assets in Singapore – a 100 per cent interest in 25 Loyang Crescent, a cluster of logistics and industrial buildings for a purchase consideration of S$504.2 million, and a 50 per cent interest in Ascent, a business space property at 2 Science Park Drive for S$245 million. Furthermore, it was entering Japan through the acquisition of a 49 per cent interest in a data centre in Greater Osaka for a purchase consideration of 76.4 billion yen (S$620.7 million). The manager also announced the launch of a proposed equity fundraising comprising an offering of new units to raise gross proceeds of about S$900 million. Units of the Reit ended at S$2.50, S$0.07 or 2.7 per cent lower on Monday.