SINGAPORE - The following companies saw new developments that may affect trading of their securities on Friday :
Singapore Press Holdings , SPH Reit: Media and property group SPH announced on Thursday that its board members will take a voluntary 10 per cent reduction in directors' fees, while the salary of those in senior management will be cut. SPH is also the sponsor of SPH Reit, which has likewise introduced pay cuts for its chief executive officer and senior staff, and promised to fully pass on its property tax rebate to tenants. Shares of SPH closed at $1.81 on Thursday, up 4 per cent or $0.07.
United Overseas Bank : The lender said on Thursday that one of its employees has tested positive for Covid-19. He is a"non-customer facing" employee, and is now under medical care, UOB said. The counter was trading at $20.27 as at 9.01am on Friday, up $0.54 or 2.7 per cent. ESR-Reit, IReit Global: Chinese tycoon Tong Jinquan sold nearly $14 million worth of units in both real estate investment trusts over the past fortnight, amid a broad Reit sector sell-off. Bourse filings show him paring his stake in ESR-Reit from 30.74 per cent to 29.73 per cent, and reducing his stake in IReit Global from 34.4 per cent to 32.89 per cent. On Thursday, units of EST-Reit closed at $0.31, down 4.6 per cent or $0.015, while IReit Global rose 0.5 cents or 1 per cent to 49.5 cents.
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SPH directors, senior management take pay cuts; SPH Reit to fully pass on rebates to tenants amid Covid-19 outbreakSINGAPORE (THE BUSINESS TIMES) - Singapore Press Holdings (SPH) board members will take a voluntary 10 per cent reduction in directors' fees, and the salary of those in senior management will be cut.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
SPH Reit commits to fully pass on property tax rebate to tenantsIN a bid to alleviate Covid-19's impact on businesses, SPH Reit (real estate investment trust) said on Thursday that it will fully pass on its property tax rebate to its tenants 'in a targeted manner'. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
SPH Reit commits to fully pass on property tax rebate to tenantsIN a bid to alleviate Covid-19's impact on businesses, SPH Reit (real estate investment trust) said on Thursday that it will fully pass on its property tax rebate to its tenants 'in a targeted manner'. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
SPH directors, senior management take pay cuts; SPH Reit to fully pass on rebates to tenants amid Covid-19 outbreakSINGAPORE (THE BUSINESS TIMES) - Singapore Press Holdings (SPH) board members will take a voluntary 10 per cent reduction in directors' fees, and the salary of those in senior management will be cut.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
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