THE following companies saw new developments that may affect trading of their securities on Thursday (Nov 28):
Mapletree Logistics Trust (MLT): The real estate investment trust divested two warehouse properties in Japan for 4.25 billion Japanese yen (S$37.5 million). MLT’s trustee – HSBC Institutional Trust Services (Singapore) – entered into sale and purchase agreements with a third-party buyer for the proposed divestment of Toki Centre and Aichi Miyoshi Centre in Japan. Units of MLT closed unchanged at S$1.28 on Wednesday, before the announcement.
DBS: DBS and Japan Finance Corporation (JFC) signed a memorandum of understanding to help Japanese small and medium-sized enterprises (SMEs) expand into six markets in Asia – Singapore, China, Hong Kong, India, Indonesia and Taiwan – through a single banking partner, DBS. JFC, a public corporation wholly owned by the Japanese government, will extend standby letters of credit to Japanese SMEs to enable their local subsidiaries to secure long-term local currency-denominated funding more smoothly. Shares of DBS closed 0.3 per cent or S$0.14 higher at S$41.85 on Wednesday, before the announcement.
Copyright The Business Times. All rights reserved.
