THE following companies saw new developments that may affect trading of their securities on Thursday (Dec 5):
CapitaLand Investment (CLI): The real asset manager said on Thursday its self-storage platform Extra Space Asia (ESA) has entered into a partnership with Japan’s largest indoor self-storage manager Ambitious. With the alliance, ESA is set to expand its portfolio in Japan by leveraging Ambitious’ operations in Osaka and Tokyo. ESA has bought four self-storage facilities in Osaka from Ambitious, which brings its total self-storage assets in the country to 14, spanning more than 60,000 square feet of gross floor area. It plans to add two in Tokyo by early 2025. Shares of CLI rose S$0.01, or 0.4 per cent, to close at S$2.77 on Wednesday.
Hong Fok: Through its wholly owned subsidiary Super Homes, the property developer has acquired five ground-floor units in Singapore’s International Building for S$27.8 million. With the acquisition, Hong Fok owns all units in the 12-storey commercial development, as well as the location and potential of the properties, it said on Wednesday. The group said the five units were bought from two third-party vendors on a 999-year lease which started on Jan 1, 1971. Its shares ended flat at S$0.83, before the announcement.
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