Stocks to watch: Mapletree Industrial Trust, OUE, OUE Healthcare
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Aug 24):
Mapletree Industrial Trust's CEO, Lily Ler, announced on Friday that she will step down from her role to become the group chief financial officer of Mapletree Investments, the trust's sponsor. She will officially resign on October 1 and will be succeeded by Anand Tze Ming Chandran, who currently heads Asia-Pacific data centres at Mapletree Investments. The trust's units closed at S$1.92 on Friday, up 0.5% or S$0.01 before the announcement.
OUE and its wholly-owned subsidiary, Treasure International Holdings, proposed to privatize regional healthcare group OUE Healthcare (OUEH) through a scheme of arrangement. The scheme consideration of S$0.050 per share, which is a 28.2% premium to OUEH's last transacted price of S$0.039 on August 21, was announced on Monday. OUE's shares ended at S$0.98 on Friday, a 0.5% decrease from the previous trading day.
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