Stocks to watch: FLCT, Frasers Property, Marco Polo, Sasseur Reit, KSH, Sinostar PEC

THE following companies saw new developments that may affect trading of their securities on Monday:

BUOU , TQ5: : TQ5 0% The manager of FLCT has proposed to acquire six properties in Europe for about S$548.7 million. Four of the properties come from sponsor Frasers Property, which will divest the logistics and industrial properties for 93.6 million euros (S$150.9 million). On Friday, FLCT units closed S$0.01 or 0.7 per cent lower at S$1.44, while Frasers Property shares closed S$0.01 or 0.9 per cent lower at S$1.17.

5LY : 5LY 0%: The integrated marine logistics company intends to take a majority stake in Indonesian shipping company PT BBR through a rights issue, increasing its shareholding to 72 per cent from its current 34.8 per cent. BBR will become a key subsidiary, which Marco Polo Marine can use to strengthen its position in the Indonesian market, the group announced on Monday. Shares of Marco Polo Marine closed at two Singapore cents, down 0.1 cent or 4.76 per cent on Friday.

CRPU: The chief executive officer (CEO) of the real estate investment trust's manager is retiring and stepping down after more than four years. From Aug 1, 2021, Anthony Ang will be replaced by Cecilia Tan, who will join the manager as CEO-designate on July 1, 2021 and will officially assume the CEO position on Aug 1, 2021, the manager announced on Friday. Units of Sasseur Reit closed flat at 90.5 Singapore cents on Friday, prior to the announcement.

ER0: The property group on Friday announced that it expects to report a net loss for FY2021 after taking in losses from fair value adjustments of certain hotel properties held by the group's associates and investment properties, due to the ongoing Covid-19 pandemic. Its unaudited financial results for FY2021 are slated for release by May 28, 2021. The counter closed flat at S$0.36 on Friday, prior to the announcement.

C9Q: Over the weekend the mainboard-listed group said that Teo Moh Gin, 62, ceased to be its lead independent director effective May 21, citing personal and health reasons. Shares of Sinostar ended Friday down S$0.01 or 3.1 per cent at S$0.31, before the announcement.

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BDF: After being queried by the Singapore Exchange Regulation on Friday for "unusual volume movements" in its shares, the electronics component distributor has responded to say it was not aware of reasons. Some one million shares had changed hands over the course of the trading day, pushing the counter's share price up by 14.9 per cent to close at S$0.81.

5CT: The Catalist-listed environmental solutions provider has received a requisition notice from three members of the company to convene an extraordinary general meeting. It is currently verifying the shareholdings of each of the requisition members and seeking legal advice on the validity of the requisition notice. ecoWise requested a trading halt on Friday after the counter closed at 3.6 Singapore cents. It will resume trading today.

L23: The group is acquiring the remaining 75 per cent stake in its associate company Pastel Gloves Sdn Bhd for S$46.8 million such that the company will become a fully-owned subsidiary of Enviro-Hub. The group's shares last traded at 8.5 Singapore cents on Tuesday. Enviro-Hub had called for a trading halt before the market opened on Wednesday, pending the release of an announcement. It lifted the trading halt after market close on Friday.

Trading halts: Blackgold Natural Resources requested a trading halt on Monday morning, pending the release of an announcement.