Stocks to watch: CMT, CCT, AGV Group, Lendlease Global Reit, OUE
THE following companies saw new developments that may affect trading of their securities on Friday:
CapitaLand Mall Trust (CMT), CapitaLand Commercial Trust (CCT): Moody's Investors Service has downgraded CMT's issuer and senior unsecured ratings to A3 while upgrading CCT's issuer rating to Baa1. CMT units closed at S$1.95 on Thursday, up S$0.02 or 1 per cent, while CCT units closed at S$1.67, up S$0.03 or 1.8 per cent.
AGV Group: The Catalist-listed hot-dipped galvanising firm's executive director for Singapore operations, Albert Ang, has agreed to step down. The Commercial Affairs Department recently said there were reasonable grounds to believe Mr Ang had committed an offence. AGV shares gained 0.2 Singapore cent or 9.1 per cent to 2.4 cents at Thursday's close, before the announcement.
Lendlease Global Commercial Reit: The real estate investment trust (Reit) has acquired a stake in Jem shopping mall, through a 5 per cent stake in Lendlease Asian Retail Investment Fund 3 at a purchase consideration of around S$45 million, its manager said in a bourse filing. Units of Lendlease Global Reit closed on Thursday at S$0.67, down S$0.01 or 1.5 per cent, before the announcement.
OUE Limited: The mainboard-listed property developer's chief financial officer Ivan Lim will be stepping down from his role, with effect from Nov 4, to pursue other professional interests. Shares of OUE closed flat at S$1.18 on Thursday.
New Silkroutes Group: The mainboard-listed healthcare provider has appointed Darrell Lim as lead independent director, the group announced in a bourse filing on Thursday. Shares of New Silkroutes closed down 6.1 per cent or 0.7 Singapore cent to 10.7 cents on Thursday, before the announcement.
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
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
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade
Israel hits back, markets react; STI down 0.4%
Oil jumps, equities fall as Iran blasts fan Middle East tensions
Tokyo: Nikkei index tumbles 3% in morning trade
Singapore shares open higher on Friday; STI up 0.2%