[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Jul 14):
OCBC: The lender on Friday announced the retirement of its incumbent chief executive officer Helen Wong, who will step down on Dec 31, 2025, for family reasons. The current head of global wholesale banking, Tan Teck Long, will succeed Wong on Jan 1, 2026. Tan will immediately assume the additional role of deputy CEO. Wong will remain chairman of OCBC China and director of OCBC Hong Kong after stepping away from the helm. Shares of OCBC closed 0.9 per cent or S$0.15 higher at S$16.89 on Friday, before the announcement.
Singapore Exchange (SGX): The manager of NTT DC Reit (real estate investment trust) said the public tranche of its Singapore initial public offer was about 9.8 times oversubscribed. Based on the 30 million units available to the public for subscription, there were 14,166 valid applications for an aggregate of 294.8 million units. Shares of SGX ended on Friday 1 per cent or S$0.16 lower at S$15.46.
Sats: Its CEO Kerry Mok was paid more than S$3.1 million in total remuneration for FY2025 ended March, a 30.5 per cent pay raise from the S$2.4 million in FY2024. Mok received S$1 million in salary, S$1.2 million in bonuses, around S$862,500 worth of Sats shares and S$74,000 in benefits. This comes as the group’s earnings for FY2025 soared more than four times to S$243.8 million from the year-ago period. Sats shares closed 0.3 per cent or S$0.01 lower at S$3.12 on Friday.
Frasers Property, Frasers Hospitality Trust (FHT): The manager said on Friday that it received in-principle approval from the Singapore Exchange Securities Trading Limited (SGX-ST) to delist and remove FHT from the official list of SGX-ST. The scheme by FHT’s sponsor Frasers Property to privatise the stapled group at S$0.71 per stapled security will require approval from stapled securityholders of FHT, the manager added. Shares of Frasers Property ended on Friday unchanged at S$0.89. Stapled securities of FHT ended on Friday flat at S$0.70.
Aims Apac Reit: Aims Financial Group raised its stake in Aims Apac Reit to nearly 18.7 per cent, after acquiring an additional 7 per cent stake of over 57 million units in the trust, its manager said on Monday. The units were acquired from substantial unitholder, ESR HK Management, which is part of ESR Group. Units in Aims Apac Reit ended on Friday 0.8 per cent or S$0.01 higher at S$1.33, before the news.
Creative Technology: The group warned that revenue for its second half ended June would likely be below its target, at US$30 million. This comes as its topline was “negatively impacted” by macroeconomic uncertainty and weakening consumer sentiment due to tariffs and trade tensions, which have adversely hit the business environment for many of its products, the group said on Friday. Creative’s shares rose S$0.005, or 0.6 per cent to close at S$0.83 on Friday.
Trading halt: Property management company Centurion Corp requested a trading halt on Monday morning, pending the release of an announcement. Its shares closed flat on Friday at S$1.76.
