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Stocks to watch: CRCT, OUE H-Trust, Datapulse, TMC Education, MTQ
THE following companies saw new developments which may affect trading of their shares on Wednesday:
CapitaLand Retail China Trust (CRCT): The Reit's fourth-quarter distribution per unit stayed flat at 2.37 Singapore cents as net property income slipped during the period. This came as income available for distribution for the fourth quarter rose 6.8 per cent to S$22 million. The DPU for the quarter includes an advanced DPU of 1.54 cents paid on Dec 21, 2017 for the period from Oct 1 to Dec 6. The remaining 0.83 cent will be paid out to unitholders on Feb 23, the Reit said.
OUE Hospitality Trust (OUE H-Trust): Its distribution per stapled security slipped to 1.27 Singapore cents from 1.36 Singapore cents for the previous year, the group said in a Singapore Exchange filing on Tuesday evening. That came as fourth quarter income available for distribution slid 4.2 per cent to S$23.0 million from the previous year.
Datapulse Technology: The mainboard-listed company's chief executive, Kee Swee Ann, has quit with effect from Friday, barely a month into the job. The news came on Tuesday with a separate announcement that addressed criticism over both Datapulse's acquisition of a Malaysian personal care product business, and the role of the recently appointed board.
TMC Education: The mandatory takeover offer from the chief executive officer of real estate developer Fragrance Group for TMC Education Corporation has closed on Tuesday. At the close of the offer, valid acceptances made up only 2.05 per cent of the total number of issued and paid-up ordinary shares of TMC, which brings the total shares owned, controlled or agreed to be acquired by the offeror to 53.05 per cent. The mandatory unconditional cash offer from Singapore tycoon Koh Wee Meng was made through his investment holding firm JK Global Asset.
MTQ Corporation: It has proposed a renounceable underwritten rights cum warrants issue of up to 61.81 million new ordinary shares at an issue price of 20 Singapore cents each. Each rights issue also come with up to 15.45 million free detachable warrants. Each warrant carries the right to subscribe for one ordinary share in the capital of the company at an exercise price of 22 cents for each warrant share, on the basis of two rights shares for every five existing shares. The estimated net proceeds arising from the proposed rights cum warrants issue is S$12.1 million. This will go up to S$15.5 million if the warrants are fully exercised.