[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (May 25):
Mapletree Industrial Trust (MIT) : The manager of the trust on Monday announced the sale of Philadelphia Data Centre for US$14.5 million. This price represents a 4.3 per cent premium above the independent valuation of US$13.9 million as at Mar 31, noted a bourse filing. Units of MIT ended Monday 0.5 per cent or S$0.01 higher at S$1.95 before the news.
The Hour Glass : The luxury watch retailer on Friday posted a 39 per cent increase in net profit to S$103.8 million for its second half ended Mar 31, on the back of stronger sales momentum. This was up from S$74.4 million a year earlier. Its revenue for the period rose 16 per cent year on year to S$722.8 million, from S$622.6 million. Shares of The Hour Glass rose 2.1 per cent or S$0.05 to close at S$2.46 on Friday, before the release of results.
