Stocks to watch: FLCT, Cortina, ComfortDelGro, Enviro-Hub, Aztech

THE following companies saw new developments that may affect trading of their shares on Wednesday:

Frasers Logistics & Commercial Trust (FLCT): Its manager is in talks for potential acquisitions of assets in the UK. However, it stated in its regulatory filing on Tuesday that it is not confirmed any deal will arise from these discussions. FLCT units closed unchanged at S$1.40 on Tuesday.

Cortina Holdings: The luxury watch retailer announced the completion of its acquisition of Sincere Watch at a revised purchase consideration of S$84.7 million from S$84.5 million previously, to reflect the inclusion of office premises in Kuala Lumpur owned by Sincere. Cortina's share price closed flat at S$2.22 on Tuesday, before the announcement.

ComfortDelGro (CDG): The transport company on Tuesday said it will be committing S$50 million to clean-energy technology and research over the next five years. CDG will also invest about S$10 million in a mobility-focused Smart & Sustainable Mobility Living Lab in collaboration with the National University of Singapore. Prior to the announcement, CDG closed at S$1.70, up by 0.6 per cent or S$0.01.

Enviro-Hub Holdings: The environmental company announced on Tuesday that Pastel Glove Sdn Bhd, which Enviro-Hub has a 25 per cent stake in, has obtained approval for a manufacturing licence from Malaysia's trade ministry to produce nitrile medical grade examination gloves and natural rubber medical grade gloves. Enviro-Hub's share price closed at eight Singapore cents on Tuesday, up by 12.7 per cent or 0.9 cent, after the announcement.

Aztech Global: UOB, the stabilising manager of the company which produces high-tech products, purchased shares of Aztech's counter in the open market for a second day straight on Tuesday. UOB bought 3.6 million shares at S$1.23 to S$1.28, after having bought 10 million shares at S$1.28 on Monday. After Aztech's announcement on Monday, its shares closed 3.9 per cent or S$0.05 lower at S$1.24.

Trading halt: Ascendas Reit called for a trading halt on Wednesday morning, before it announced its proposed acquisition of 11 European data centres for S$904.6 million. Its shares closed at S$2.97 on Tuesday, up by 0.7 per cent or S$0.02.