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Stocks to watch: FLCT, TTJ, Boustead Proj, Lian Beng, Katrina

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Yong Hui Ting

Published Mon, Jun 27, 2022 · 08:22 AM

FLCT has acquired a freehold logistic development in the UK for a total consideration on a completed basis of £101 million (S$171.7 million). BT PHOTO: YEN MENG JIIN

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THE following companies saw new developments that may affect trading of their securities on Monday (Jun 27):

Frasers Logistics & Commercial Trust (FLCT) : The trust’s manager announced on Saturday that it has acquired a freehold logistics development in the UK for a total consideration on a completed basis of £101 million (S$171.7 million). The site’s development is expected to be completed in the second half of 2023, when it will be leased to Peugeot Motor Company for a lease term of 15 years with 5-yearly, upward-only rent reviews. Units of FLCT last closed flat at S$1.35 on Friday.

TTJ Holdings : Several directors of the steel company had on Friday recommended that shareholders reject the recent privatisation offer of S$0.23 in cash per share made by THC Venture. The 4 directors said they agreed with the independent financial adviser – Zico Capital – who advised shareholders to reject the offer on the grounds that it is “not fair and not reasonable”. Shares of TTJ closed at S$0.235 on Friday, up 4.4 per cent or S$0.01.

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