[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jun 4).
CapitaLand Investment (CLI): The manager of CapitaLand Malaysia Trust (CLMT), a CLI subsidiary, on Tuesday proposed a placement of up to 435.4 million new units to raise gross cash proceeds of up to RM250 million (S$75.8 million). The manager may place the proceeds in interest-bearing deposit accounts with licensed financial institutions, short-term money market deposits or other permissible investments allowed under the trust deed of CLMT. Units of CLI ended Tuesday 0.4 per cent or S$0.01 higher at S$2.51.
Nio: The Chinese electric vehicle maker on Tuesday posted a net loss of US$949.6 million for its first quarter of 2025. This is a 31.1 per cent increase from the the year-ago period and a 3.4 per cent decrease from the previous quarter. Vehicle deliveries stood at 42,094 for Q1 2025, up 40.1 per cent on the year but down 42.1 per cent on the quarter. The counter ended on Tuesday 0.3 per cent or US$0.01 higher at US$3.53, before the announcement.
Japfa: The agri-food company will be delisted from the official list of the Singapore Exchange (SGX) with effect from Jun 6, 2025, 9 am, as the board has received confirmation that payment of the adjusted scheme consideration was made to each entitled scheme shareholder on Tuesday. This comes as shareholders approved the scheme resolution proposed by family members of the group’s founder to take the business private. The counter has been suspended from May 19, after its shares closed unchanged at S$0.615 on May 16 – its last day of trading.
Stoneweg European Real Estate Investment Trust (Stoneweg E-Reit): The manager on Wednesday announced that the Reit will be converted into a stapled group. Each unit of Stoneweg E-Reit will be stapled to a unit in Stoneweg European Business Trust. It will then form a stapled security in an entity known as Stoneweg Europe Stapled Trust. The stapled securities will be traded on the SGX with effect from Jun 16, 2025, 9 am, as Stoneweg E-Reit units will cease to trade on the bourse from Jun 13, 2025, 5 pm. The counter ended Tuesday 1.3 per cent or 0.02 euro higher at 1.54 euros.
Grand Venture: The manufacturing-service provider on Tuesday posted a first-quarter net profit after tax of S$2.6 million for the three months ended Mar 31, up 27.7 per cent from S$2 million a year ago. Earnings before interest, tax, depreciation and amortisation grew as well, by 29 per cent to S$8.4 million, from S$6.5 million previously, said the company. Shares of GVT closed flat at S$0.925 on Tuesday, before the announcement.
Frencken: The semiconductor maker will invest S$63 million to build a new and larger five-storey manufacturing facility in Kaki Bukit. The new site will be built on a plot of land leased from JTC Corporation to its subsidiary ETLA for a period of 33 years, from Aug 18, 2025, the group said on Tuesday. Shares of Frencken closed flat at S$1.14, before the announcement.
