SINGAPORE - The following companies saw new developments that may affect trading of their securities on Friday :
Mapletree Commercial Trust, Hutchison Port Holdings Trust: Mapletree Commercial Trust will soon join the Singapore bourse's benchmark Straits Times Index, with effect from Sept 23, replacing Hutchison Port Holdings Trust . This will bring the combined weightage of the four Reits in the index to around 8 per cent, said Singapore Exchange's market strategist Geoff Howie. Units of MCT closed up three cents to $2.28 on Thursday, while units of HPH Trust were flat at $0.22.
Del Monte Pacific: The mainboard-listed company swung to a net loss of US$38.3 million for its first quarter ended July 31, from a US$3 million net profit a year ago, according to a filing on Friday morning. This came amid lower sales in the US and lower exports of processed pineapple products. Del Monte shares closed down $0.002 or 1.5 per cent to $0.135 on Thursday.
Fortress Minerals: The Catalist-listed iron ore concentrate producer said on Thursday after market close that its Malaysian subsidiary, Fortress Mining Sdn Bhd, was served a writ of summons relating to an accident at the Bukit Besi Mine which resulted in the death of a plant operator. The writ of summons from the Kuala Terengganu Session Court in Malaysia was dated Aug 21. The court fixed a return date on Sept 23. The company is seeking legal advice.
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