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Stocks to watch: CapitaLand Ascendas Reit, Sinarmas Land
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CapitaLand Ascendas Reit received in-principle approval for the listing of up to 202.4 million new units on the Singapore Exchange, aimed at funding acquisitions. Meanwhile, Sinarmas Land suspended trading due to a drop in public shareholding below 10% following a privatization offer, with the Widjaja family now holding 98.65% of shares. Both companies saw slight increases in their stock prices before the announcements.
Source: Businesstimes The copyright of this article belongs to the original author/organization.
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