THE following companies saw new developments that may affect trading of their securities on Monday (Jun 10):
Singapore Post (SingPost) : S08 0%: The subsidiary of Chinese e-commerce giant Alibaba Group, Alibaba Investment, sold 72.5 million shares in SingPost for S$33.3 million on Friday. The shares were transacted at about S$0.46 apiece. The e-commerce giant previously held approximately 327.6 million shares, as indicated in a filing on the Singapore Exchange. Shares of SingPost closed 1.02 per cent or S$0.005 lower at S$0.485, before the announcement.
Sabana Real Estate Investment Trust : M1GU 0% (Sabana Reit): Unitholders of the trust are urging the manager’s directors to hold its extraordinary general meeting with amended resolutions using the original timeline and as soon as possible. Units of Sabana Reit ended Friday at S$0.35, down S$0.005 or 1.4 per cent, before the news.
