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. 

Tan Chong International : The car dealer is expecting an unrealised loss of HK$29 million (S$5.1 million) on its investments designated at fair value through other comprehensive income for the year ended Dec 31, 2024. On Wednesday, the group attributed the loss to share price changes in its listed investments, which are “marked to market”. Shares of Tan Chong closed flat at HK$1.04, before the news.