Stocks to watch: Centurion, FLCT, Yeo Hiap Seng, PEC
THE following companies saw new developments that may affect trading of their securities on Friday (May 20):
Centurion Corp: : OU8 0% The mainboard-listed company on Thursday announced plans to acquire a 103-bed freehold student accommodation asset in Nottingham in the United Kingdom for £10.4 million (S$18 million). The group expects the acquisition to enlarge its purpose-build student accommodation portfolio in the UK. Shares of Centurion ended the day at S$0.35, down S$0.005 or 1.4 per cent, before the news.
Frasers Logistics & Commercial Trust (FLCT) : BUOU 0%: Its manager on Thursday said the trust is planning to acquire a fully leased freehold suburban commercial property in Victoria, Australia for A$60.25 million (about S$58.4 million). The deal is slated for completion on May 20. Units in FLCT closed at S$1.35 on Thursday, down S$0.01 or 0.7 per cent.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard