Stocks to watch: Mapletree Logistics Trust, SIA, Centurion
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Sep 9):
Mapletree Logistics Trust announced on Tuesday the sale of a vacant logistics property in Australia for A$28 million (£20.2 million). This development may have implications for the trading of MLT securities. Additionally, the company priced 500 million yuan (US$74.5 million) worth of a three-year offshore renminbi bond with a 2.1% per annum coupon. MLT's shares closed 0.9% lower at S$1.15 following these announcements.
Singapore Airlines (SIA) confirmed on Tuesday that its investments in India are funded internally and will continue to be so, despite a recent parliamentary exchange regarding the company's minority stake in the loss-making Air India. SIA shares remained flat at S$6.37 on Tuesday.
The report also highlights Singapore's commitment to using renewable energy in its new data centers, emphasizing the importance of environmental sustainability in the country's technological advancements.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
