SINGAPORE - The following companies saw new developments that may affect trading of their securities on Friday :
CapitaLand Mall Trust , CapitaLand Commercial Trust : The long-stop date for the proposed merger between the two property real estate investment trusts has been extended to Nov 30 from Sept 30, their managers announced on Friday. Both Reits will hold their respective unitholder meetings on Sept 29 to seek approval for the proposed deal. CMT units closed flat at $1.96 on Thursday, while CCT units finished at $1.68, up $0.01 or 0.6 per cent.
Hosen Group: Shares of the Catalist-listed firm surged 70.3 per cent during the morning trading session on Thursday, prompting a query from the Singapore Exchange about"unusual price and volume movements". The counter closed at 5.5 cents on Thursday, up 1.8 cents or 48.7 per cent. Spackman Entertainment Group: The regulatory arm of the Singapore Exchange is blocking a proposed divestment by the Catalist-listed media player, pending a review of certain past acquisitions. The counter closed flat at 0.7 cent on Thursday, before this announcement.
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