[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Sep 12):
CapitaLand Investment (CLI) ; CapitaLand China Trust (CLCT) : CapitaLand Commercial C-Reit’s (CLCR) public offer was 535.2 times subscribed, said CLI on Friday. CLCR also achieved a subscription coverage of 254.5 times from institutional investors during the bookbuilding tranche of its Shanghai initial public offering (IPO). As joint strategic investors of the real estate investment trust, CLI, CLCT and CapitaLand Development will collectively hold 20 per cent of the IPO units. CLI shares ended Thursday flat at S$2.77; CLCT shares closed unchanged at S$0.79.
Frasers Hospitality Trust (FHT) : It is expected to delist on or around Oct 6 at 9 am and trading of its stapled securities is set to be suspended at 9 am on Friday, the managers said on Thursday. This comes as Frasers Property’s May proposal to buy out FHT at S$0.71 per stapled security, its second attempt to privatise the stapled group, succeeded in August after receiving investor backing. FHT’s stapled securities closed flat at S$0.71, before the announcement.
