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It has raised about S$50 million from a private placement to partially finance its proposed acquisition of five Australia properties and investment two of the sponsor's funds. About 90.5 million new units were issued at 55.25 Singapore cents each. The manager on Tuesday requested to lift its trading halt called on Monday. Prior to the halt, the counter was trading at 59.5 Singapore cents.
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Stocks to watch: Singtel, Wilmar, Yanlord, Mapletree NAC Trust, Hotel GrandTHE following companies saw new developments that may affect trading of their shares on Monday: Read more at The Business Times.
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Singapore stocks open higher on Monday; STI up 0.2%SINGAPORE shares rose at the opening bell on Monday after closing lower last Friday. Read more at The Business Times.
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