Stocks to watch: China Jinjiang Environment, Cache Logistics Trust, Bonvests, Nordic Group

SINGAPORE - The following companies saw new developments that may affect trading of their shares on Wednesday :

China Jinjiang Environment: China Jinjiang Environment announced late on Tuesday night that with regard to its US$200 million loan facility with Standard Chartered Bank , majority lenders do not require the mandatory prepayment of all outstanding loans due to an earlier change in control of the company. Should the majority lenders have required it, the agent StanChart would have to give notice on declaring all outstanding loans and amounts with accrued interest immediately due and payable.

Cache Logistics Trust: Cache Logistics Trust's manager announced on Tuesday that it has secured a new major tenant to lease over 300,000 square feet of space in Commodity Hub located at 24 Penjuru Road, Singapore. The undisclosed tenant is said to be an established global technology, defence and engineering company headquartered in Singapore. It is now among the list of Cache's top ten tenants by portfolio gross rental income.

Bonvests Holdings: Property group Bonvests Holdings' wholly-owned subsidiary Goldcove has acquired a Moroccan-registered company and several properties for a total sum of about $29.93 million. Goldcove SA, the company that was acquired, was acquired for 353,900 Moroccan Dirhams , representing 99.97 per cent equity interest. Goldcove SA has also entered into agreements with third party vendors to acquire a hotel and certain properties in Marrakech, Morocco, which amount to about $29.

Nordic Group: Systems integration solutions provider Nordic Group is looking to buy Envipure within the range of $14 million to $15.5 million. The group said on Wednesday that its wholly-owned subsidiary, Nordic Flow Control, had entered into a non-binding term sheet with the seller, Sunalps, to acquire all the shares in Envipure.

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