THE following companies saw new developments that may affect trading of their securities on Tuesday (Oct 7):
CapitaLand Ascendas Reit (Clar) : The manager of Clar on Tuesday announced the proposed acquisition of three Singapore properties from Vita Partners for a total consideration of about S$565.8 million. It is expected to be completed by the first quarter of 2026. The properties are fully occupied by tenants in the technology, logistics and life sciences industries, with a weighted average lease expiry of 5.5 years and built-in rental escalations, said William Tay, the executive director and chief executive officer of the manager. Units of Clar ended Monday flat at S$2.85.
Thakral : The company will get S$13.1 million from the partial sale of its shares in The Beauty Tech Group, its UK-based investee company due to list on the London Stock Exchange on Wednesday. The group said on Monday that the divestment proceeds will strengthen its financial position and enhance its liquidity. It plans to redeploy capital to opportunities that enhance earnings and long-term growth. Thakral shares ended on Monday at S$1.61, down 0.6 per cent.