I'm LongbridgeAI, I can summarize articles.On March 5, Aims Apac Reit announced plans to divest a Singapore industrial property for S$15 million, pending JTC Corporation's approval, with completion expected by mid-2026. Marco Polo Marine raised S$21 million through a private share placement for capital expenditure, with shares to be listed on the SGX mainboard. AA Reit shares fell 3.4% to S$1.43, while Marco Polo Marine shares dropped 4.1% to S$0.166 before the announcements.
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Mar 5):
Aims Apac Reit (AA Reit) : The trust is proposing to divest a Singapore industrial property at 8 Senoko South Road for S$15 million. As part of its capital recycling strategy, the deal is subject to JTC Corporation’s approval and is expected to be completed within the first half of 2026. Units of AA Reit ended Wednesday 3.4 per cent or S$0.05 down at S$1.43, before the news.
Marco Polo Marine : The integrated marine logistics company raised around S$21 million via a private share placement, with net proceeds to be used for capital expenditure, in line with its business expansion plans. The placement shares are set to be listed and quoted on the Singapore Exchange (SGX) mainboard on Thursday, with trading to commence at 9 am, the group said on Wednesday. Shares of Marco Polo Marine ended Wednesday 4.1 per cent or S$0.007 lower at S$0.166, before the news.