OUE Limited, OUE Commercial Real Estate Investment Trust :, below the property’s valuation. Separately, OUE C-Reit had received the offer to buy the property as it had the right of first refusal, but declined it as it was of the view that the acquisition would not be accretive to its distribution per unit. Shares of OUE closed flat at S$1.22 on Thursday, while OUE C-Reit units fell 0.5 Singapore cent or 1.3 per cent to end at 39 cents.
, after a meteoric rise over the past six months thanks to a boost in demand for gloves amid the Covid-19 pandemic. On Wednesday, the US Customs issued a detention order on imports made by Top Glove, possibly over forced labour concerns. Shares of UG Healthcare plummeted 14.3 per cent to S$1.32 by the closing bell on Thursday, while Riverstone sank 2.3 per cent to S$3 and Top Glove nose-dived 11.1 per cent to S$6.49.
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