I'm LongbridgeAI, I can summarize articles.On April 17, Frasers Logistics & Commercial Trust (FLCT) completed the acquisition of a logistics property in the Netherlands for €43 million, expected to enhance its distribution per unit. FLCT shares rose 1.6% to S$0.97. Yangzijiang Maritime signed contracts for eight VLCC newbuilds and the sale of four medium-range tankers, anticipated to positively impact its financials. Its shares fell 1.5% to S$0.675 before the announcement.
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Apr 17):
Frasers Logistics & Commercial Trust (FLCT) : The manager of FLCT announced on Thursday that it has completed the acquisition of a freehold logistics property in Hapert, the Netherlands, for a gross purchase price of 43 million euros (S$64.4 million). The acquisition is expected to be accretive to FLCT’s distribution per unit. Units of FLCT ended at S$0.97 on Thursday before the announcement, S$0.015 or 1.6 per cent higher.
Yangzijiang Maritime : The maritime investments company on Thursday said it has signed contracts to acquire eight very large crude carrier (VLCC) newbuilds and sell four medium-range tankers. It said the transactions are expected to contribute positively to its financial performance, subject to completion, delivery schedules and applicable accounting recognition TThe acquisition will be funded through a combination of equity co-investment and debt financing. Shares of the company closed S$0.01 or 1.5 per cent lower at S$0.675 before the announcement.