SINGAPORE - The following companies saw new developments that may affect trading of their shares on Friday :
ESR-Reit: ESR-Reit has netted gross proceeds of $50 million from a more than twice oversubscribed preferential offering, with no additional units alloted beyond the original amount it had set out to raise. The funds include sponsor ESR Cayman's acceptance of its alloted 8.8 million units, or about $4.5 million based on the issue price of 51 cents per unit. ESR-Reit's units, which are trading ex-dividend, closed down one cent or 1.9 per cent to 52.5 cents on Thursday.
Cheung Woh Technologies: Law Kung Ying, the chief executive of mainboard-listed Cheung Woh Technologies, will retire from the top job on Feb 28, 2020 due to health reasons. He will be replaced by his brother Law Kung Ming. The leadership change comes as the hard disk drive components maker faces hard times. Cheung Woh saw earnings fall 87.4 per cent to $106,000 for Q2 FY2020 ended August, hit hard by weakness in sales of its HDD products. This translates to an earnings per share of 0.
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