THE following companies saw new developments that may affect trading of their securities on Tuesday (Jan 14):
Singapore Post (SingPost): Former group chief executive Vincent Phang has resigned from his role as a non-executive, non-independent director with effect from Jan 12. Phang and two other SingPost senior executives were fired last year as they were found to have been negligent in the handling of internal investigations over a whistle-blower’s report and in subsequent probes. Shares of SingPost ended Monday 1.9 per cent or S$0.01 lower at S$0.53, before the news.
First Real Estate Investment Trust (First Reit): It has received a preliminary non-binding letter of intent from Siloam International Hospitals to acquire its portfolio of hospital assets in Indonesia. The board of First Reit’s manager will conduct a strategic review to assess the letter of intent and explore all strategic options for the trust. Units of First Reit ended Monday flat at S$0.255, before the announcement.
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