SINGAPORE - The following companies saw new developments that may affect trading of their securities on Wednesday :
Separately, The Business Times reported on Wednesday that analysts are keeping faith with UOB's organic wealth management play. UOB closed at $19.42 on Tuesday, up $0.05 or 0.3 per cent, DBS finished at $20.35, down $0.11 or 0.5 per cent, while OCBC closed flat at $8.56. ESR-Reit, Sabana Shari'ah Compliant Real Estate Investment Trust : Investment management firm Quarz Capital has raised its stake in Sabana Reit slightly from 5 per cent as at late-July to 6 per cent on Monday. In a statement, Quarz's chief investment officer Jan Moermann reiterated Quarz's and Black Crane Capital's intention to vote down the proposed merger between Sabana Reit and ESR-Reit at the current transaction terms. Sabana Reit units closed flat at 37.
Source: News Formal (newsformal.com)
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