[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Oct 1):
Suntec Reit : David Matheson, ESR Group’s current chief investment officer, was appointed as chairman of the manager of Suntec Real Estate Investment Trust (Reit) on Tuesday. He replaces Chew Gek Khim, 64, who retired on Tuesday after 11 years in the role. Matheson will also take on the role of non-executive director of the manager. Units of Suntec Reit closed 1.5 per cent or S$0.02 lower at S$1.28 on Tuesday, before the announcement.
Frasers Logistics & Commercial Trust (FLCT) : FLCT on Tuesday announced the completion of the divestment of an office building in Melbourne’s central business district for A$192.1 million (S$161.4 million). TFS Collins, as trustee of Collins Street Landholding Trust – itself an indirect wholly owned sub-trust of FLCT – sold the 25-storey freehold office building at 357 Collins Street to an unrelated third party. Units of FLCT closed flat at S$0.95, before the news.
Raffles Medical : Woo Yeng Yeng will assume the role of chief financial officer of the company with effect from Wednesday. In the new role, Woo will oversee corporate finance, tax, treasury and investor relations among other matters. She previously served as CFO and head of investor relations at Paragon Real Estate Investment Trust and as head of finance at CapitaLand Investment (International), the group said on Tuesday. The counter finished Tuesday flat at S$0.98, before the news.
Metro : The property investment and development group appointed Erwin Wuysang-Oei as the chief executive officer of its retail arm, effective from Wednesday. Currently the retail arm’s chief operating officer, he will now oversee its strategic direction and overall management. He replaces previous CEO David Tang, who resigned in February 2024 to pursue other interests. Shares of Metro closed flat at S$0.52 on Tuesday, before the news.
LHN : The property management group said its co-living business Coliwoo has lodged a preliminary prospectus for a Singapore Exchange mainboard listing. Its property portfolio comprises 25 properties across Singapore; 11 are owned by the group, 10 are leased and four are managed by the group. Coliwoo said that the proceeds of the initial public offering will largely be used for its expansion, growth and asset enhancement through the leasing and owning of properties in existing and new markets. Shares of LHN closed 0.5 per cent or S$0.005 lower at S$0.93 on Tuesday, before the news.
Thakral Corporation : The group announced on Tuesday that it has completed the divestment of its commercial building, Yotsubashi Nakano Building, in Japan, for 5.3 billion yen (S$46.2 million). Located along Yotsubashi-suji – a prime commercial district in Osaka – the asset comprises nine storeys, with a land area of 806 square metres (sq m) and a gross floor area of 7,925 sq m. It has maintained a 100 per cent occupancy rate as at H1 2025. The sale has unlocked around S$6.4 million in cash flow and generated a one-off attributable profit of approximately S$2 million. The company will continue to maintain exposure to the Osaka office market through its remaining five office and one hotel properties. The counter closed on Tuesday 0.6 per cent or S$0.01 up at S$1.61.