THE following companies saw new developments that may affect trading of their securities on Thursday (Sep 12):
Sabana Industrial Real Estate Investment Trust (Sabana Reit): The Reit’s manager said on Wednesday that the former master tenant of the Reit’s premises at 33 and 35 Penjuru Lane has started the necessary process to enter into a creditors’ voluntary liquidation. The manager is taking legal advice and will take active steps to protect the interest of the Reit, including mitigating any losses arising from this development. Units of Sabana Reit closed flat at S$0.35 before the news.
Dyna-Mac: South Korean company Hanwha has launched a voluntary conditional cash offer through a special-purpose company to take management control of Dyna-Mac at S$0.60 a share. The offeror is Hanwha Ocean SG Holdings, which was incorporated by Hanwha Aerospace and Hanwha Ocean for the purpose of the offer. The offer process is expected to be completed by the end of this year. Shares of Dyna-Mac closed flat at S$0.495 on Tuesday before the company requested a trading halt on Wednesday morning. It resumes trading on Thursday.
