Stocks to watch: CapitaLand Ascendas Reit, GuocoLand, Oxley Holdings, mm2 Asia

The following companies saw new developments that may affect trading of their securities on Monday (Sep 1): CapitaLand Ascendas Reit (Clar): The manager of CapitaLand Ascendas Reit announced that it has exercised its call option on S$300 million of fixed rate subordinated green perpetual securities. The securities will be redeemed on Sep 17 at 100 per cent of their nominal amount, together with accrued distribution. Units of Clar were up 0.7 per cent or S$0.02 to close at S$2.72 on Friday.

GuocoLand: The property developer on Monday announced that it is selling a Johor Bahru hotel and the associated land for RM150 million (S$46 million). The combined property has a net book value of RM93 million, with the land area measured at about 24,040 square metres. GuocoLand is thus expected to enjoy a net gain of approximately RM35 million upon completion of the sale. Shares of GuocoLand were 1.1 per cent or S$0.02 down at S$1.86 at market close on Friday.

Oxley Holdings: The property developer on Friday posted a narrower loss of S$8.3 million for its second half ended Jun 30, 2025, compared with S$94.9 million in the year-ago period. For the six months, revenue rose 59.8 per cent to S$198.3 million from S$124.1 million. The counter ended Friday 1 per cent or S$0.001 lower at S$0.102, before the announcement. mm2 Asia: The media company on Monday announced that its cinema chain Cathay Cineplexes will be voluntarily wound up as it is unable to continue as a going concern. Cathay Cineplexes, which faced multiple payment demands in the recent months over monies owed to landlords, had attempted to negotiate “amicable resolutions” with its creditors but did not manage to do so, mm2 Asia said. Shares of mm2 Asia closed Friday 20 per cent or S$0.001 lower at S$0.004.

Trading halt: Bromat Holdings requested a trading halt pending the release of an announcement. Its shares were flat at S$0.023 on Friday.

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