[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jan 2):
Nio : The Chinese electric vehicle (EV) maker said on Thursday (Jan 1) that it had new record-high monthly and quarterly deliveries. It saw a 54.6 per cent year-on-year increase in December deliveries and a 71.7 per cent quarter-on-quarter increase in deliveries across the three months ended December. Cumulative deliveries for the year reached 997,592. Shares of Nio fell 2 per cent to close US$0.11 lower at US$5.36 on Wednesday.
Keppel Reit : The manager of the real estate investment trust (Reit), in a transcript released on Friday, defended its acquisition of an additional one-third stake in MBFC Tower 3 in a dialogue with the Securities Investors Association (Singapore). CEO Chua Hsien Yang on Tuesday (Dec 30) emphasised the asset’s resilience and upside potential, noting that current passing rents are about 10 per cent below the Marina Bay average and positioned for growth as interest rates stabilise. The manager also committed to converting the holding entity into a Limited Liability Partnership to unlock S$8 million to S$10 million in annual tax savings and signalled a shift towards divestments in 2026 to lower aggregate leverage. Units of Keppel Reit rose 0.5 per cent to close S$0.005 higher at S$0.975 on Wednesday.
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