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Elite Commercial REIT prices IPO at $1.21 apiece

29 Jan 2020 - Singapore Business Review
Its initial portfolio comprises 97 commercial buildings in the UK. Elite Commercial REIT has registered a final prospectus for its offering and listing on the Singapore Exchange Securities Trading (SGX-ST) mainboard to raise $231.37m (£130.9m) in gross proceeds, offering about 114.69 million at $1.21 ...
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CapitaLand closes six malls in China amidst novel coronavirus outbreak

29 Jan 2020 - Singapore Business Review
Local governments in Wuhan and Xi’an cities required the closure. CapitaLand has closed all four of its malls in Wuhan and both of its malls in Xi’an, China, as required by the respective local governments amidst the outbreak of novel coronavirus (nCov) in the area, according to a press release. The ...
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Top five IT plays averaged total returns of 105.3% in 2019

29 Jan 2020 - Singapore Business Review
The best-performing IT stock saw its total returns hit 154.3%. The top five technology stocks averaged a total return of 105.3% over 2019, SGX reported. This brings their one-year total return to 88.7%. This was led by precision engineering firm AEM Holdings, with a total return of 154.3%. It is followed ...
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Stocks to watch: CapitaLand, Dasin Retail, Straco, Sasseur Reit, Medtecs, AsiaMedic

29 Jan 2020 - The Business Times
THE following companies saw new developments that may affect trading of their securities on Wednesday: CapitaLand: It has closed six malls in China - four in Wuhan and two in Xian - as required by local governments following the outbreak of the Wuhan virus, the property giant said on Wednesday morning. ...
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Daily Markets Briefing: STI down 1.81%

29 Jan 2020 - Singapore Business Review
Medtecs International led the gains amongst top active stocks with a 65.39% jump. The Straits Times Index ended 58.77 or 1.81% lower at 3,181.25. The top active stocks were Medtecs International, which surged 65.39%, Singtel, which fell 0.89%, DBS, which inched down 1.34%, Genting Sing, which contracted ...
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Sasseur Reit drops 10.3% after closures at China malls to guard against virus

29 Jan 2020 - The Business Times
Singapore UNITS of Sasseur Real Estate Investment Trust (Sasseur Reit) units sank on Tuesday after its manager announced that it has temporarily closed the trust's four outlet malls in China. The counter ended at 78.5 Singapore cents, down 9 cents or 10.3 per cent, after some 13.5... To continue reading ...
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Straco's China attractions join Singapore Flyer in coming to a halt

28 Jan 2020 - The Edge Markets
SINGAPORE (Jan 28): Straco Corporation has temporarily closed three of its operating attractions in China with effect from Jan 25, says the company in an SGX announcement on Jan 28. In addition to the attractions in China, Staco owns a controlling stake in the Singapore Flyer, which has been suspended ...
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Singapore shares tumble 1.8% on widening Wuhan virus fears

28 Jan 2020 - The Business Times
IT WASN'T much of a "welcome back" for the local equity market, which faced a vicious sell-off on its return from the Chinese New Year (CNY) holiday. Over the weekend, deaths from the Wuhan coronavirus tripled and confirmed cases doubled, presenting a worrying picture for many investors both here and ...
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MLT to acquire Japan logistics centre for $272.5m

28 Jan 2020 - Singapore Business Review
The company aims to fill the market gap of grade A logistic properties in Japan. Sazanka Tokutei Mokuteki Kaisha, Mapletree Logistics Trust’s (MLT) indirect wholly-owned subsidiary in Japan, has entered into a conditional trust beneficial interest sale and purchase agreement with Ajisai TMK to acquire ...
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Singapore shares tumble at open after Wall St falls on virus fears; STI down 2.25%

28 Jan 2020 - The Business Times
SINGAPORE shares sank at the opening bell on Tuesday after Wall Street finished markedly lower overnight on fears the coronavirus might impact global economic growth. On the first trading day after the long Lunar New Year weekend, the Straits Times Index shed 73 points or 2.25 per cent to 3,167.02 as ...
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