Stocks to watch: Wilmar, CLI, FLCT, Frasers Hospitality Trust, Second Chance

THE following companies saw new developments that may affect trading of their securities on Wednesday (Mar 20):

Wilmar International : The agribusiness group’s wholly owned subsidiary, Wilmar Pakistan, intends to increase its stake in Pakistan-listed Unity Foods by acquiring up to 277.1 million shares, or 23.2 per cent, of Unity Foods through a public offer. Wilmar Pakistan currently has a total effective shareholding interest of 28.97 per cent in Unity Foods (*see amendment note). Shares of Wilmar closed flat at S$3.41 on Tuesday, before the announcement.

CapitaLand Investment (CLI): The asset manager has raised one billion yuan (S$187.1 million) from its inaugural sustainability-linked “panda” bond, which comes with a three-year tenor and a fixed coupon rate of 3.5 per cent per annum. The fundraising exercise was 1.65 times subscribed, it said on Wednesday. Shares of CLI closed S$0.01 or 0.4 per cent lower at S$2.66 on Tuesday.