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Stocks to watch: Mapletree Logistics Trust, Genting Singapore, Indofood Agri, First Reit, ThaiBev, TEE International

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THE following companies saw new developments that may affect trading of their shares on Thursday: Read more at The Business Times.

Mapletree Logistics Trust to Godo Kaisha for a total of 17.52 billion yen in cash. In a regulatory filing on Wednesday, MLT's manager Mapletree Logistics Trust Management said that after evaluating all viable options and taking into consideration the older warehouse building specifications, limited future income growth and lack of redevelopment potential for the properties concerned, divestment at the offered price would be desirable in the interests of the unitholders.

This will slash Genting Singapore and its subsidiaries' borrowings drastically from S$933 million to S$253 million. The repayment will be made using internal cash resources of the group. Genting Singapore shares closed down 0.52 per cent or S$0.005 at S$0.965 on Wednesday.by offeror PT Indofood Sukses Makmur, which holds a 74.52 per cent stake in the company.

 

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