Stocks to watch: Stoneweg Europe Stapled Trust, Nio, Del Monte Pacific, Marco Polo Marine, mm2 Asia
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Sep 18):
Stoneweg Europe Stapled Trust (Sert) : The managers of Sert on Thursday announced the divestment of a non-core office asset in Italy for 11.4 million euros (S$17.2 million), and the completion of a 7.8 million euro sale in Poland. The former’s completion is subject to the customary conditions and is expected in the fourth quarter of this year. Cassiopea 1-2-3 in Agrate Brianza, Italy, will be divested to Finviar, and was independently valued at 11 million euros by JLL as at Jun 30, 2025. Stapled securities of Sert closed 0.7 per cent or 0.01 euro down at 1.54 euros on Wednesday.
Nio : The Chinese electric-vehicle maker on Wednesday announced the completion of its nearly US$1.2 billion offering of 209.1 million Class A ordinary shares. This consists of an offering of 160.8 million American depositary shares (ADS), 21 million Class A ordinary shares, and 27.3 million ADS pursuant to the underwriters’ full exercise of their option to purchase additional ADS on Sep 10. The ADS have been sold at a public offering price of US$5.57 apiece, while the Class A ordinary shares have been sold at HK$43.36 per share. The counter closed flat at US$7.28, before the announcement.
Del Monte Pacific (DMP) : The dual-listed canned food brand submitted its annual report late on Wednesday night, having been suspended from trading by the Philippine Stock Exchange (PSE) from the previous day. The company previously requested an extension to its annual report submission deadline from both the PSE and the Singapore Exchange (SGX), but had been unable to meet the extended PSE deadline. On Thursday, DMP said that the delay was related to its auditors being unable to obtain sufficient audit evidence for DMP’s US unit as it is undergoing Chapter 11 bankruptcy proceedings. DMP called for a trading halt on the SGX on Wednesday morning after market open. Prior to the trading halt, its shares last traded at S$0.102, down from Tuesday’s close by S$0.002 or 1.9 per cent.
Marco Polo Marine : The integrated marine logistics group said on Wednesday it has secured ship chartering order book contracts worth around S$100 million as at Jun 30, 2025. Additionally, the completion of its fourth dry dock will enhance shipyard capacity and is expected to contribute to its performance for Q4 FY2025 and FY2026, the group said in an update on its ship charting operations. The counter finished at S$0.075, 1.4 per cent or S$0.001 higher, before the news.
mm2 Asia : Another Malaysian unit of the entertainment group received a RM1.5 million (S$444,031) payment demand from film distributor Antenna Entertainments on Wednesday. The amount owed was for film distribution agreements and was supposedly past due by more than two weeks. Antenna also asked MM2 Star Screen to pay a 5 per cent interest per annum on the outstanding amount from the date of the court filing till the date the sum is fully settled, along with its legal costs. Shares of mm2 Asia closed flat at S$0.003 on Wednesday.
Trading halts: Both Boustead Singapore and XMH Holdings called for trading halts on Thursday morning before market open, pending the release of announcements.
