Stocks to watch: Suntec Reit, China Everbright Water, Tan Chong International

THE following companies saw new developments that may affect trading of their securities on Thursday (Jan 9): 

Suntec Real Estate Investment Trust (Suntec Reit): Property tycoon Gordon Tang and his wife Celine have raised their mandatory conditional cash offer to acquire all units of the Reit to S$1.19 apiece. The offer was made solely to comply with the take-over code and the duo intends to maintain the listing status of the Reit on the Singapore bourse. Units of Suntec Reit ended 0.8 per cent or S$0.01 higher at S$1.20 on Wednesday, before the news.

China Everbright Water : The environmental services group has issued its first tranche of medium-term notes for 2025 with a principal amount of 1.5 billion yuan (S$279.6 million) and a 1.78 per cent coupon rate. The first tranche comes with a maturity period of five years, said the company on Wednesday. Shares of China Everbright Water ended flat at S$0.245, before the announcement.