[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Sep 28):

City Developments Ltd (CDL) : The property giant plans to deploy S$5 billion in growth capital and target S$6 billion in divestments across its portfolio over the next three years. This is part of its “refreshed” strategy to sharpen its strategic focus and improve long-term shareholder value, the company said on Monday. Singapore will remain the principal market for CDL’s new investments. Growth capital will also be focused across four sectors: residential, commercial, hospitality and living. Shares of CDL ended 0.5 per cent or S$0.04 higher at S$8.26 on Friday.

Centurion Corporation : The group has entered into a sale and purchase agreement to acquire Yan Woo Building in North Point, Hong Kong, for HK$364 million (US$46.4 million), it announced on Friday. Shares of Centurion ended flat at S$1.48 on Friday, before the announcement.

Oiltek : The company on Monday said it had submitted an application for its proposed secondary listing on the Bursa Malaysia on Sep 25. The final structure, size and issue/offer price of the proposed offering will be determined at a later date, it noted, and will be announced in due course. The counter ended 1.6 per cent or S$0.02 higher at S$1.25 on Friday.

Geo Energy Resources : The group on Monday said it expects to report a “substantial improvement in its business operations” and significant increase in its sales volume and net profit of the company for its third quarter ending Sep 30, compared with the same period a year prior. This comes amid higher sales volumes, combined with higher selling prices and significant logistics cost savings. The company also expects coal production and sales to increase further in Q4. The counter ended 0.9 per cent or S$0.005 higher at S$0.565 on Friday.

Trading halt: The manager of Stoneweg E-Reit on Monday requested a trading halt prior to market open from 9 am to 12 pm. This comes after the news of the proposed internalisation of the Reit manager, the business trust’s trustee-manager, the logistics and light industrial asset management and property management platform. The counter is expected to resume trading at 1 pm on Monday. It ended 3.2 per cent or S$0.07 down at S$2.10 on Friday.