Stocks to watch: Singtel, Stoneweg Europe Stapled Trust, Acrophyte Hospitality Trust, HG Metal

The following companies saw new developments that may affect trading of their securities on Thursday (Dec 18):

Singtel: The board of its unit, Optus, on Thursday released a report from an independent review into its major Sep 18 outage, which uncovered gaps in process, accountability and escalation and information protocols, Singtel said on Thursday. It also highlighted “challenges in Optus’ culture” that affected decision-making and response times. Shares of Singtel ended Wednesday 0.2 per cent or S$0.01 lower at S$4.55.

Stoneweg Europe Stapled Trust (Sert): The stapled group has entered into an agreement to amend and restate an existing facility agreement to optimise its balance sheet, the managers said on Thursday. The amended and restated term loan facility agreement is for an aggregate amount of 85 million euros (S$128.9 million), of which 70.6 million euros will be initially drawn down to refinance an outstanding loan. The facility may be increased up to 185 million euros and its proceeds will go towards general corporate funding purposes. Stapled securities of Sert ended Wednesday 0.6 per cent or 0.01 euro lower at 1.6 euros.

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