[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 1):

Frasers Centrepoint Trust (FCT) : The real estate investment trust (Reit) is divesting White Sands mall for S$467 million, which represents an 8.4 per cent premium over a May 31 independent valuation. The divestment of the Pasir Ris mall is expected to be completed around Sep 30. The manager on Tuesday said it intends to use the estimated net proceeds of about S$454.1 million to repay debt, after accounting for divestment-related expenses of about S$2.8 million. The counter closed at S$2.26 on Tuesday, down 1.3 per cent or S$0.03, before the announcement.

Parkway Life Reit : The manager of the trust on Tuesday said it sold a Japan nursing home property for 1.165 billion yen (US$7.2 million). The figure represents a premium of around 38 per cent over its acquisition price in 2008, and is around 5 per cent above its latest valuation as at Dec 31, 2025. Units of Parkway Life Reit ended at S$4.05 on Tuesday, down 0.7 per cent or S$0.03, prior to the announcement.