SINGAPORE - The following companies saw new developments that may affect trading of their securities on Friday :
Keppel Corporation: The conglomerate warned on Friday that it will recognise material impairments in its financial results for the second quarter ended June 30, 2020, pertaining mainly to its offshore and marine business. Separately on Thursday, it said its unit is set to invest 1.5 billion yuan to acquire and develop a data centre in China's Tonghu Smart City. Keppel Corp shares closed at $5.95 on Thursday, up $0.02 or 0.3 per cent.
Mapletree Commercial Trust : The manager on Thursday reported a 10.7 per cent year-on-year decline in net property income to $78.9 million for the first quarter, attributing it largely to rental rebates given to retail tenants at its core VivoCity property during the Covid-19 pandemic. Units of MCT closed unchanged at $1.92 on Thursday before the announcement.
Source: News Formal (newsformal.com)
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