Stocks to watch: Suntec Reit, China Everbright Water, Tan Chong International
Add BT as a preferred source
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.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Is it time to scrap COE categories for cars?
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
