Stocks to watch: Yanlord, Ho Bee Land, CNMC, Sabana Reit, APAC Realty, Top Global

Tan Nai Lun

Published Tue, Jun 29, 2021 · 08:38 AM

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

Z25 and H13: The two groups on Monday said they have entered into an agreement to jointly develop a residential site in Tianjin, China. Yanlord and Ho Bee will hold 51 and 49 per cent effective interest respectively in the project, which will transform the site into a high-end residential development with ancillary community retail space and educational facilities. Shares of Yanlord closed down S$0.01 or 0.8 per cent at S$1.20, and shares of Ho Bee closed down S$0.04 or 1.4 per cent at S$2.86, before the announcement.

5TP: The Catalist-listed gold producer on Monday said it expects the Malaysian government's decision to extend the nation-wide full lockdown beyond June 28 to negatively affect the group's financial performance for the half-year ending June 30, 2021. Shares of CNMC closed flat at 21.5 Singapore cents on Monday.

M1GU: The real estate investment trust's manager (Reit) on Monday rejected a request by Quartz Capital and Black Crane Capital to hold an extraordinary general meeting, for the Reit's independent unitholders to vote on the appointment of hedge fund founder Chan Wai Kheong as its independent non-executive director. Units of Sabana Reit closed 0.5 Singapore cent or 1.2 per cent lower, at 42.5 cents, after the announcement.

CLN: The property group on Monday said its wholly-owned subsidiary ERA Realty will be promoting its current chief operating officer Marcus Chu to chief executive officer with effect from July 1. Shares of APAC Realty closed at 63.5 Singapore cents, down 0.5 cent or 0.8 per cent, before the announcement.

BHO: The voluntary unconditional cash offer for Top Global has closed with valid acceptances representing 95.89 per cent of the total number of shares, the company said on Monday night. As the free float has fallen below 10 per cent, a request will be made to the Singapore Exchange to suspend trading in Top Global shares before 9am on Tuesday. Top Global shares closed down 0.5 Singapore cent or 1.3 per cent to 38.5 cents on Monday.