[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Sep 18):
Stoneweg Europe Stapled Trust (Sert) : The managers of Sert on Thursday announced the divestment of a non-core office asset in Italy for 11.4 million euros (S$17.2 million), and the completion of a 7.8 million euro sale in Poland. The former’s completion is subject to the customary conditions and is expected in the fourth quarter of this year. Cassiopea 1-2-3 in Agrate Brianza, Italy, will be divested to Finviar, and was independently valued at 11 million euros by JLL as at Jun 30, 2025. Stapled securities of Sert closed 0.7 per cent or 0.01 euro down at 1.54 euros on Wednesday.
Nio : The Chinese electric-vehicle maker on Wednesday announced the completion of its nearly US$1.2 billion offering of 209.1 million Class A ordinary shares. This consists of an offering of 160.8 million American depositary shares (ADS), 21 million Class A ordinary shares, and 27.3 million ADS pursuant to the underwriters’ full exercise of their option to purchase additional ADS on Sep 10. The ADS have been sold at a public offering price of US$5.57 apiece, while the Class A ordinary shares have been sold at HK$43.36 per share. The counter closed flat at US$7.28, before the announcement.
