AFTER oil weakness led a Wall Street retreat overnight, trading here is expected to stay muted, except for certain rotational plays.
Counters that may see some active trade on Tuesday morning include Ascendas Real Estate Investment Trust (A-Reit), OUE Hospitality Trust (OUE H-T), OKP and China Star Food Group.
Ascendas Real Estate Investment Trust: A-Reit said on Tuesday morning that its private placement of 64 million new units was over six times covered and priced at the top end of the price range at S$2.417 per new unit. This represents a 3.3 per cent discount to the volume weighted average price (VWAP) for trades done on Monday.
The private placement drew strong demand from new and existing institutional, accredited and other investors mainly from Asia and the United States, A-Reit added.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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