The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index fell 0.4% to 3,102.98.
Ascendas Real Estate Investment Trust (AREIT SP): Singapore’s biggest industrial property trust said the Jurong Town Corp., a state-owned developer of industrial properties, accepted its offer to buy a business park site for $110 million. Ascendas REIT added 0.5% to $2.01.
Mermaid Maritime Pcl (MMT SP): The provider of engineering services to the oil and gas industry said its Asia Offshore Drilling unit plans to raise between US$53 million and US$105 million selling shares through a private placement to Norwegian and other international investors. Asia Offshore, which will own Mermaid’s drilling operations, plans to list on Oslo Bos ASA’s Oslo Axess by the end of June, it said. Mermaid was unchanged at 34.5 cents.
Neptune Orient Lines (NOL SP): Southeast Asia’s biggest container-shipping line said it will raise as much as $300 million, selling notes with a coupon rate of 4.4% and due in 2021. The funds will be used to finance the purchase of new container ships. The stock slipped 1.7% to $1.71.
Noble Group (NOBL SP): A unit of the Hong Kong-based commodities supplier said it is offering to buy the remaining shares of Territory Resources, an iron-ore supplier, for 50 Australian cents (65.6 cents) each. Noble Group holds a 25% stake in Territory, according to Bloomberg data. Its shares fell 1% to $2.01.
