[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 (CLCR) was 254.5 times subscribed from institutional investors during the bookbuilding tranche of its Shanghai initial public offering (IPO), said CLI on Friday. The asset manager, CLCT and CapitaLand Development will collectively hold 20 per cent of CLCR’s IPO units. Offline institutional investors were allotted 27.92 per cent in the bookbuilding tranche, while retail and institutional investors subscribed for 11.97 per cent via the public tranche. 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.
