THE following companies saw new developments that may affect trading of their securities on Monday (Oct 28):
CapitaLand Ascendas Reit (Clar): The business space and industrial Reit’s portfolio occupancy fell to 92.1% for its third quarter from 93.1 per cent in its previous quarter. Its portfolio rental reversions rose quarter-on-quarter to 14.4 per cent from 11.7 per cent and aggregate leverage rose to 38.9 per cent from 37.8 per cent in the previous quarter. Units of Clar closed flat at S$2.75 on Friday, before the release of the business update.
UOL, Singapore Land (SingLand): The property developers signed an option to acquire the 99-year leasehold Thomson View Condominium for S$810 million in a collective sale, the companies said on Saturday. The condominium’s sale would be the largest en bloc deal in Singapore since Chuan Park’s collective sale was greenlighted in May 2023. If the the S$810 million acquisition which is set to be completed by February 2026 is concluded, it will be financed mainly from bank borrowings and internal resources. Before the news was announced on Friday, shares of SingLand closed down 1.7 per cent at S$1.76 and shares of UOL closed down 0.7 per cent at S$5.39.
