Stocks to watch: Frasers Property, UltraGreen.ai
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Aug 25):
On Tuesday, August 25, Frasers Property and UltraGreen.ai were among the companies with new developments that may affect the trading of their securities. Frasers Property's wholly owned subsidiary, Frasers Property Treasury, proposed issuing S$150 million of fixed rate notes under its S$5 billion multicurrency debt issuance programme.
OCBC has been appointed as the joint lead manager and active bookrunner, while CIMB will be the joint lead manager and passive bookrunner. The interest rate for the notes is fixed at 3.5 percent per annum, payable semi-annually in arrear. Frasers Property's shares ended flat at S$1.03 on Monday. Meanwhile, UltraGreen.ai's CEO, Ravinder Sajwan, stated that the company will calibrate its commercial response to new US competitors based on their pricing, distribution approach, and customer proposition.
However, Sajwan also emphasized that it is "premature to speculate" on the competitors' potential market impact or specific actions they may take in response. UltraGreen.ai's shares rose 13.4 percent or US$0.085 to close at US$0.72 on Monday.
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