MNACT's Festival Walk mall in Hong Kong had closed for months after suffering extensive damage from civil unrest last year.THE following companies saw new developments that may affect trading of their securities on Thursday:totalling HK$263 million in insurance claims
for property damage and revenue loss due to business interruption to its Festival Walk mall in Hong Kong. The mall had suffered extensive damage from civil unrest in the city last year, causing the MNACT's largest asset to be closed for months. MNACT units fell S$0.01 or 1.1 per cent to close at S$0.92, before the announcement.The media and property group's shares sank on Wednesday as the board slashed dividends after SPH fell into the red for the first time.
minutes after the opening bell, although it regained some momentum later and ended the day at S$1, shedding S$0.05 or 4.8 per cent from Tuesday's close.
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