THE following companies saw new developments that may affect trading of their securities on Wednesday (Sep 18):
Sembcorp: The group’s subsidiary Sembcorp Utilities agreed to acquire a 30 per cent interest in energy supplier Senoko Energy for an undisclosed sum in a purchase agreement signed with energy solutions provider Engie Global Developments, said Sembcorp on Tuesday. The acquisition will not have a material impact on Sembcorp’s net tangible assets per share for the current fiscal year ending Dec 31. Shares of Sembcorp closed S$0.06 or 1.2 per cent higher at S$5.19, before the announcement.
Lippo Malls Indonesia Retail Trust (LMIRT): Two rating agencies, Moody’s Investor Service and Fitch, withdrew the real estate investment trust’s credit ratings, as well as ratings on notes issued by its wholly owned subsidiary LMIRT Capital. Prior to the withdrawal, the outlook on all of LMIRT’s ratings were stable. Units of LMIRT closed flat at S$0.023 on Tuesday, before the announcement.
