[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Sep 11):
Nio : The Chinese electric vehicle maker plans to raise about US$1 billion through a share sale. It will sell as many as 181.8 million shares, with the money to be raised to develop future vehicle platforms and models, expand its battery swapping and charging network, and invest in research and development. The counter closed 1.5 per cent, or US$0.9 lower, at US$6.03 on Wednesday.
UOL : The property developer has entered an agreement to sell Kinex, a retail mall, for US$375 million. On Wednesday, UOL said that the divestment is part of the group’s ongoing strategy to reconstitute its property portfolio. The deal is set to be completed on Oct 31 and its net proceeds will give UOL greater financial flexibility for debt repayment. The counter closed 2 per cent or S$0.15 down at S$7.40 on Wednesday, before the announcement.
Centurion : The property group won overwhelming support at an extraordinary general meeting (EGM) for its planned listing of Centurion Accommodation Real Estate Investment Trust (Reit) and related transactions on Wednesday. This includes the divestment of selected assets into the new Reit. Nearly every single shareholder at the EGM was in approval. Shares of Centurion closed 1.1 per cent or S$0.02 lower at S$1.76 on Wednesday, before the news.
CapitaLand China Trust (CLCT) : The manager announced the pricing of S$150 million worth of fixed rate subordinated perpetual securities under its S$1 billion multicurrency debt issuance programme. Net proceeds from the issuance will be used for general corporate and working capital purposes, investment or refinancing of existing borrowings of CLCT, said the manager. Units of CLCT closed on Wednesday flat at S$0.79.
Sing Holdings : On Wednesday, its joint venture (JV) with Sunway Developments was awarded its second land parcel at Chuan Grove by the Urban Redevelopment Authority, after placing the top bid for the site in the tender which closed on Sep 4. The Sing Holdings-Sunway JV now has two adjacent land parcels at Chuan Grove, having won the other site in a July state tender. It plans to amalgamate the two land parcels and use them to build a single residential development of up to 27 storeys, with around 1,055 units across five blocks. The counter closed 1.1 per cent or S$0.005 up at S$0.45, before the news.
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Del Monte Pacific : The canned-food brand reported a net profit of US$5.5 million for its first quarter ended Jul 31, 2025, compared with a net loss of US$36.7 million a year earlier. Earnings per share stood at US$0.028 for the quarter, up from the previous year’s US$0.002. The company is dual-listed on the Singapore Exchange and the Philippine Stock Exchange. Shares of Del Monte Pacific closed S$0.002 or 2.4 per cent higher at S$0.085 on Wednesday, before the announcement.
mm2 Asia : The entertainment group’s Malaysia unit settled a dispute with its landlord, Hektar Reit, over unpaid rent and other charges for its movie theatres in Melaka and Johor. The group said that its subsidiary, MM2 Star Screen, had reached an “amicable settlement” with Hektar totalling about RM1.7 million (S$516,350). The group does not expect the matter to have any material impact on its results for the current financial year. Its counter closed S$0.001 or 25 per cent lower at S$0.003 on Wednesday, before the announcement.
