Stocks to watch: CapitaLand Investment, Ever Glory United

The following companies saw new developments that may affect trading of their securities on Tuesday (Dec 23):

CapitaLand Investment (CLI): Bursa-listed CapitaLand Malaysia Trust (CLMT) has agreed to buy five high-specification industrial facilities in the Johor-Singapore Special Economic Zone for RM220.8 million (S$69.2 million), said CLI on Monday. The acquisition supports CLMT’s strategy to expand its industrial and logistics portfolio with high-quality assets in an established location, said the chief executive of CapitaLand Malaysia Reit Management, a wholly owned subsidiary of CLI that manages CLMT. CLI shares closed 0.7 per cent or S$0.02 down at S$2.67, before the news.

Ever Glory United: The Catalist-listed engineering services provider will transfer to the mainboard of the Singapore Exchange on Dec 29, as the proposed move received shareholder approval at the company’s extraordinary general meeting on Monday. The company said on Monday that trading in its shares on the mainboard will commence at 9 am on Dec 29. The counter closed 1.4 per cent or S$0.01 higher at S$0.73, before the news.

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