THE following companies saw new developments that may affect trading of their securities on Tuesday (Jan 25):

Frasers Logistics & Commercial Trust (FLCT): BUOU The real estate investment trust (Reit) is divesting 18, 20 and 22 Cross Street for S$810.8 million in total, its manager announced in a bourse filing on Tuesday. This will increase the logistics and industrial weighting in FLCT's portfolio to 66.9 per cent from 61.1 per cent previously. Units of FLCT closed at S$1.44, down 0.7 per cent or S$0.01, on Monday.

CapitaLand Integrated Commercial Trust (CICT): 38U  The Reit's trustee HSBC Institutional Trust Services (Singapore) is proposing to divest its JCube mall asset for a consideration of S$340 million to an entity indirectly owned by CapitaLand Group, its manager said in a Jan 24 bourse filing. This is estimated to result in a net gain of about S$56.7 million. Units of CICT closed flat at S$2.01 on Monday, before the announcement.

AMTD International: HKB  : HKB 0%The dual-listed investment banking firm is looking to raise its stake in AMTD Digital to 97.1 per cent from 14.4 per cent in a deal which values the digital solutions platform at US$1.2 billion. Shares of mainboard-listed AMTD International last traded at S$12.50 on Jan 19.

Olam International: O32  Olam Americas, a wholly-owned subsidiary of Olam International, has priced a US$275 million private placement, the agrifood giant said on Tuesday. The issuance comprises US$200 million of 5-year fixed rate notes at a coupon of 3.05 per cent and US$75 million of 7-year fixed rate notes at 3.25 per cent. Shares of Olam closed down S$0.01 or 0.6 per cent at S$1.72 on Monday.

Keppel DC Reit: AJBU  The data centre Reit on Monday reported a distribution per unit (DPU) of S$0.04927 for H2 FY2021, up 2.8 per cent from S$0.04795 in the year-ago period. This brings the company's DPU for the full year to S$0.09851, up 7.4 per cent from S$0.09170 in FY2020. Its units closed 0.4 per cent or S$0.01 lower at S$2.25 on Monday.

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Parkway Life Reit: C2PU  The healthcare Reit achieved its highest-ever yearly DPU of 14.08 Singapore cents in FY2021, up 2.1 per cent from the year before despite a dip in gross revenue. Distributable income to unitholders rose to S$85.2 million for FY2021 but stayed at S$21.6 million in Q4 of FY2021, announced the Reit manager on Monday. Units of the Reit closed 0.4 per cent or S$0.02 lower to S$4.94, before the announcement.

Yanlord Land Group: Z25  The real estate developer announced on Monday that it has sold all 514 apartment units during the inaugural launch of its Poetic Villa project in Shanghai. Pre-sales from this project brings the group's total pre-sales from its 2 recent launches in Shanghai to about 7.2 billion yuan (S$1.5 billion). Shares of Yanlord closed flat at S$1.14 on Monday, before the announcement was made.

Nordic Group, Starburst Holdings: MR7 40D  Mainboard-listed Nordic Group's offer for engineering specialist Starburst Holdings has turned unconditional, announced both companies on Monday. This is because Nordic Group's unit, Nordic Flow Control and its concert parties now hold more than 50 per cent of the total number of shares in issue. Shares of Nordic Group closed 1.2 per cent or S$0.005 down at S$0.40 while shares of Starburst closed flat at S$0.235, before the news.

GHY Culture and Media: XJB  The drama and film production company on Monday announced it recently discovered unauthorised usage of its company name and logo. One such use includes an application platform that allegedly conducts fraudulent transactions. The company said it has no connection or affiliation with the parties on the other end of use. GHY does not expect any material impact from this on its financial and operational results for 2022. Shares of GHY closed on Monday at S$0.54, up 0.9 per cent or S$0.005.