THE following companies saw new developments that may affect trading of their securities on Tuesday:
Sembcorp Marine, Sembcorp Industries: Sembmarine's rights issue of shares to recapitalise the company was undersubscribed, with valid acceptances and excess applications received for 9.4 billion rights shares, or 90.2 per cent of the nearly 10.5 billion rights shares available. According to application results on Monday, Sembmarine's parent company Sembcorp subscribed for 7.5 billion or 72 per cent of the available shares by writing off a S$1.
Keppel Reit: The trustee of the mainboard-listed real estate investment trust has priced its S$150 million subordinated perpetual securities at 3.15 per cent. Units in Keppel Reit closed at S$1.08 on Monday, up S$0.01 or 0.9 per cent, before the announcement. Yanlord Land Group: The mainboard-listed real estate developer saw its contracted presales from residential and commercial units, as well as car parks, more than double to 12.03 billion yuan for August 2020, from 4.8 billion yuan a year ago. Yanlord shares closed at S$1.16 on Monday, down S$0.01 or 0.9 per cent before the announcement.
Top Glove Corporation: The Malaysian glove maker has submitted an audit report on its labour practices towards its migrant workers to the US Customs and Border Protection , it said in a bourse filing late on Monday. The report is part of the company's attempt to resolve a detention order on imports issued by the CBP to two Top Glove subsidiaries in July. Shares of Top Glove closed at S$2.73 on Monday, down S$0.09 or 3.2 per cent.
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