SINGAPORE - The following companies saw new developments that may affect trading of their securities on Wednesday :
Sabana Shari'ah Compliant Industrial Real Estate Investment Trust , ESR-Reit: Responding to criticism from activist fund Quarz Capital Management over the implied offer price for the proposed merger with ESR-Reit, Sabana Reit's manager on Wednesday emphasised that the deal was not an asset sale, and will allow Sabana Reit unitholders to stay invested in a"stronger, larger and more resilient enlarged Reit". Sabana Reit units ended Tuesday at 38 cents, down 0.5 cent or 1.
First Ship Lease Trust: With a weaker showing in its top line, the trust saw net profit decline by 34.7 per cent to US$1.33 million for the second quarter of this year, dragged by an 11 per cent drop in revenue and a US$3.27 million impairment. Before the results were released, the counter finished Tuesday at 8.2 cents, up 0.1 cent or 1.2 per cent.
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