Stocks to watch: Stoneweg Europe Stapled Trust, Lippo Malls Indonesia Retail Trust
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[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Mar 26):
Stoneweg Europe Stapled Trust (Sert) : The trust has invested 50 million euros (S$74.1 million) in AiOnX, its sponsor SWI Group’s data centre development fund, via a mandatory convertible loan. The loan carries a 7.25 per cent annual cash coupon and is projected to provide a 2 per cent uplift to distributions per share on a pro forma basis, said the managers of Sert on Thursday. With this, Sert’s data centre allocation will rise from 5.2 per cent to about 7.2 per cent. Stapled securities of Sert closed flat at 1.50 euros on Wednesday.
Lippo Malls Indonesia Retail Trust (LMIRT) : The manager announced on Monday that with effect from Friday, LMIRT will be renamed to Landmark Real Estate Investment Trust. Units of LMIRT ended flat on Wednesday at S$0.006.
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