SG stocks Wednesday: Mapletree Commercial, MNACT, CapitaLand Investment, Raffles Education

Mapletree Commercial Trust's VivoCity retail property in Singapore. Mapletree North Asia Commercial Trust (MNACT) and Mapletree Commercial Trust agreed in December 2021 to merge to form Mapletree Pan-Asia Commercial Trust. Credit: Mapletree Commercial Trust; Rendy Aryanto/VVS.sgMapletree Commercial Trust's VivoCity retail property in Singapore. Mapletree North Asia Commercial Trust (MNACT) and Mapletree Commercial Trust agreed in December 2021 to merge to form Mapletree Pan-Asia Commercial Trust. Credit: Mapletree Commercial Trust; Rendy Aryanto/VVS.sg

Singapore companies in focus on Wednesday, 8 June 2022:

  • Mapletree Commercial Trust and MNACT merger deal gets Singapore court OK
  • MAS warns financial institutions to prep for risks
  • CapitaLand Investment acquires Melbourne office tower
  • Raffles Education proposes rights issue and placement of convertible bonds

Others: Yangzijiang Financial Holdings (YZJFH) and CapitaLand Malaysia Trust.

Mapletree Commercial Trust and MNACT merger deal gets Singapore court OK

Mapletree Commercial Trust and Mapletree North Asia Commercial Trust (MNACT) have received approval from the Singapore court for their deal to merge, the two REITs said in filings to SGX Tuesday.

CapitaLand Investment acquires Melbourne office tower

MAS warns financial institutions to prep for risks

  • Singapore’s central bank has issued tighter guidelines for financial institutions faced with business disruptions.

Yangzijiang Financial started at Add by CGS-CIMB

Raffles Education proposes rights issue and placement of convertible bonds

  • Raffles Education Corp. has proposed Tuesday a rights issue of convertible bonds of up to S$26.19 million and a placement to UOB Kay Hian of S$17.9 million.

CapitaLand Malaysia Trust to acquire logistics property for MYR80M

  • CapitaLand Malaysia Trust has entered a deal to acquire an industrial property in Sungai Jawi, in Penang, Malaysia, in the REIT’s first foray into the logistics sector, the trust said in a release filed to SGX Tuesday.
    CapitaLand Investment holds 39 percent of CapitaLand Malaysia Trust, as of end-March, according to CLI’s website.

SPONSORED: Watches.com entering online watch business just as consumers re-open wallets

  • As the world begins to roll back pandemic restrictions, wallets are opening up — and watches are on consumers’ shopping lists.

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