THE following companies saw new developments that may affect trading of their securities on Monday (Aug 12):
Ho Bee Land: The property developer has agreed to sell a 49 per cent stake in its wholly owned subsidiary which owns the group’s landmark biomedical development, Elementum, at a consideration of S$134 million. This is based on an agreed property value of S$555 million for Elementum, said Ho Bee Land on Monday. Its shares closed on Thursday up S$0.01 or 0.6 per cent at S$1.79.
Daiwa House Logistics Trust: The manager of the trust on Monday posted a 6.1 per cent year-on-year fall in distribution per unit to S$0.0245 for the first half of FY2024, from S$0.0261. Revenue decreased 10.7 per cent to S$27.6 million from S$30.9 million. Units of the trust closed 1.7 per cent or S$0.01 lower at S$0.58 on Thursday.
