Stocks to watch: SGX, Aims Apac Reit
I'm LongbridgeAI, I can summarize articles.Singapore Exchange (SGX) divested its subsidiary Scientific Beta to Stoxx for ~€23 million as part of portfolio management, with shares falling 0.7%. Meanwhile, Aims Apac Reit acquired a fully occupied industrial landholding in Perth, Australia, for A$42.7 million. The debt-funded deal features a 10-year lease to Swan Materials and is expected to be accretive to distributions per unit, with units rising 0.6%.
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jul 9):
Singapore Exchange (SGX) : SGX has divested its wholly owned subsidiary, Scientific Beta, to global index provider Stoxx for a consideration of about 23 million euros (US$26.3 million), the local bourse operator said on Wednesday. The transaction is part of the group’s efforts towards active portfolio management and capital allocation. Shares of SGX fell 0.7 per cent or S$0.16 to close at S$24.01 on Wednesday.
Aims Apac Reit : The real estate investment trust (Reit) is acquiring a 9.15-hectare freehold industrial landholding in Perth, Australia, for A$42.7 million (US$29.6 million), the manager said on Thursday. The fully occupied property is leased to Swan Materials under a 10-year triple-net lease that features a fixed annual rental escalation rate of 3.25 per cent. Expected to generate an initial yield of 5.3 per cent, the debt-funded acquisition is distribution per unit accretive. Units of Aims Apac Reit rose 0.6 per cent or S$0.01 to close at S$1.64 on Wednesday.