THE following companies saw new developments that may affect trading of their securities on Tuesday (Nov 5):
Singapore Airlines (SIA), SIA Engineering Company (SIAEC): Singapore’s national carrier will spend S$1.1 billion to retrofit its Airbus A350 fleet and refresh offerings as rival airlines pump billions into upgrades. Set to finish by 2030, the makeovers will help the airline stay competitive and protect its premium travel sector share. SIA’s aircraft maintenance subsidiary SIAEC will furnish the aircraft, the company on Monday. Shares of SIA inched up 0.3 per cent or S$0.02 to S$6.46, while those of SIAEC climbed 1.2 per cent or S$0.03 to S$2.45 on Monday, before the investment plan went public.
CapitaLand Investment (CLI): The real asset manager has secured a S$261 million capital commitment from Mitsui OSK Lines (MOL) for its South-east Asia and India private funds. On Tuesday, CLI said it was also closing its S$525 million CapitaLand India Growth Fund 2 (CIGF2) with S$131 million capital commitment from MOL’s real estate subsidiary, Daibiru Corporation. CLI shares closed Monday flat at S$1.97.
