THE following companies saw new developments that may affect trading of their securities on Friday (Jun 14):
Mapletree Logistics Trust: The trust’s manager announced on Thursday its proposed divestment of 119 Neythal Road in Singapore for S$13.8 million. The sale price is 34 per cent above the property’s latest valuation of S$10.3 million as at Mar 31, 2024. The transaction is expected to be completed by the second quarter of the 2024/2025 fiscal year. Units of Mapletree Logistics Trust closed S$0.01 or 0.8 per cent higher at S$1.33, before the announcement.
Soilbuild Construction: The group has clinched a S$647.5 million construction contract, bringing its order book to about S$1.23 billion. The contract has been awarded to its wholly owned subsidiary, SB Procurement, for the construction of PSA Supply Chain Hub @ Tuas. Shares of the mainboard-listed company closed on Thursday at S$0.036, up S$0.003 or 9.1 per cent, before the announcement.
