THE following companies saw new developments that may affect trading of their securities on Wednesday (Sep 11):
Mapletree Logistics Trust: Its manager on Tuesday announced its proposal to divest three warehouse properties in Malaysia for RM157.5 million (S$47.7 million). The proposed divestments are expected to be completed by FY2025. Units of Mapletree Logistics Trust closed 0.7 per cent or S$0.01 higher at S$1.43, before the news.
Sabana Industrial Real Estate Investment Trust (Sabana Reit): The Reit’s manager said on Tuesday that it had secured its first tenant to occupy the newly completed Sabana@1TA4 building, which is at 1 Tuas Avenue 4. Rental contribution from the new tenant is expected from the first quarter of 2025. Units of Sabana Reit closed flat at S$0.35 before the news.
