Stocks to watch: SIA, CapitaLand Investment
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Oct 8):
On Thursday, October 8, Singapore Airlines and Air India announced a new collaboration offering standalone code-share flights and enhanced frequent-flyer benefits. This partnership provides passengers with greater flexibility when planning trips, with 126 weekly flights between Singapore and eight Indian cities, including Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kochi, Kolkata, and Mumbai. SIA's shares closed at S$6.68, a 0.3% decrease from the previous trading day.
Meanwhile, CapitaLand Investment and IOI Properties Group are in exclusive due diligence for the acquisition of One Raffles Place. A 50-50 joint bid was submitted to owners OUE Reit and UOB, according to CapitaLand Investment CEO Lee Yeow Seng. The offer was made about three months ago. CapitaLand Investment shares ended the trading day at S$2.49, representing a 1.6% increase from the prior session.
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.
