Singapore stock watch: No Signboard closes Clarke Quay restaurant for at least a month

SINGAPORE - The following companies saw new developments that may affect trading of their securities on Wednesday :

OUE, OUE Commercial Real Estate Investment Trust : They are lowering rents by 15-25 per cent for retail tenants of Downtown Gallery, Mandarin Gallery, OUE Bayfront, OUE Link and OUE Tower, as part of rental relief measures amid the coronavirus outbreak. At Tuesday's close, OUE shares fell $0.02 or 2 per cent to $0.99 while OUE C-Reit units shed 1.5 cents or 4.5 per cent to 35 cents.

Yanlord Land Group: The real estate developer on Tuesday evening announced an estimated pre-sales total of 2.8 billion yuan from the weekend launches of its apartments in Nanjing and Nantong. The counter lost $0.01 or 1 per cent to close at $0.99 on Tuesday. Hong Leong Asia: The industrial conglomerate saw net profit grow 39.1 per cent to $34.4 million last year, thanks to higher business volumes and better contribution margins by its business materials unit. Shares of Hong Leong Asia rose 2.5 cents or 6.5 per cent to finish at 41 cents on Tuesday before the results were released.

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