THE following companies saw new developments that may affect trading of their securities on Friday (Dec 30):
Japfa: The group’s soon-to-be ex-subsidiary AustAsia Group Ltd. was oversubscribed in its offering of 30.6 million shares prior to its listing on the Hong Kong exchange on Friday (Dec 30).
The international offer shares, comprising 27.58 million shares have been slightly over-subscribed, representing around 1.16 times the number of shares initially available. There are a total of 107 placees under the international offering.
The manager of EC World Real Estate Investment Trust (Reit) expects that its existing bank loans will be repaid or refinanced before they become due for repayment, it said in a bourse filing on Thursday (Dec 29).
The assurance was a response to queries from the Singapore Exchange Securities Trading (SGX-ST) after the manager on Dec 26 said the Reit’s mandatory payment due Dec 31 represents some 25 per cent of its outstanding onshore and offshore loans.
The debt remained outstanding amid continued delays to divestment plans of two Chinese logistics assets. The sum amounted to some 2.03 billion yuan (S$392.7 million). Part of the divestment proceeds were earmarked for the Reit to repay its loans.
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