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Stocks to watch: CLI, Keppel DC Reit, Koh Brothers Eco, Frencken, GuocoLand

Stocks to watch: CLI, Keppel DC Reit, Koh Brothers Eco, Frencken, GuocoLand

By Swedan Margen

Fashion

THE following companies saw new developments that may affect trading of their securities on Wednesday (Nov 20):

CapitaLand Investment (CLI): The real asset manager is buying a 40 per cent stake in Singapore-headquartered real estate investment manager, SC Capital Partners, for S$280 million. CLI on Wednesday said it intends to acquire the remaining 60 interest in phases over the next five years and invest at least S$524 million in SC Capital’s fund strategies to support the growth of its platform. Shares of CLI ended Tuesday S$0.02 or 0.7 per cent higher at S$2.81.

Keppel DC Real Estate Investment Trust (Keppel DC Reit): It has closed its private placement at S$2.09 apiece with 334.9 million new units issued. On Wednesday, the Reit manager said the placement was upsized, thus bringing the size of the equity fund raising up to about S$1.1 billion, from about S$985 million previously. Keppel DC Reit ended Monday 0.5 per cent or S$0.01 lower at S$2.19, before it called for a trading halt on Tuesday morning. The counter resumes trading on Wednesday.

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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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Stocks to watch: CLI, Keppel DC Reit, Koh Brothers Eco, Frencken, GuocoLand | Grazia British