THE following companies saw new developments that may affect trading of their securities on Wednesday (Sep 4):
CapitaLand Integrated Commercial Trust (CICT): The trust will issue 171.7 million new units at an issue price of S$2.04 apiece. The manager on Wednesday said the placement was 3.7 times covered, and will raise about S$350.3 million. Meanwhile, its preferential offering will fetch about S$757.2 million at an issue price of S$2.007 apiece. CICT units finished Monday S$0.01 or 0.5 per cent higher at S$2.13, before the trust requested a trading halt on Tuesday. It will resume trading on Wednesday.
ComfortDelGro (CDG): The land transport operator’s Australian subsidiary was awarded three bus franchises worth around A$1.6 billion (S$1.4 billion) in Victoria, Australia, over a 10-year term commencing in July 2025. This increases CDG’s market share in Victoria’s public bus business by 30 per cent, said the group on Wednesday. The counter ended Tuesday flat at S$1.41.
