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Singapore Shares End Marginally in Red; Elite Commercial REIT Falls 4% on Listing of Over 103 Million Preferential Units

MT Newswires ·  Jan 18 04:38

Singapore's Straits Times Index opened some eight points lower on Thursday following overnight losses on global markets before closing marginally lower.

During the day, the benchmark index ranged between 3,127.45 and 3,150.20, ending 0.08% or 2.44 points lower at 3,139.78.

In corporate news, Elite Commercial REIT (SGX:MXNU) said 103,354,690 units under its recently closed fully underwritten non-renounceable preferential offering have been listed today on the Main Board of the Singapore bourse, sending the trust's shares down nearly 4% at market close.

ASL Marine (SGX:A04) closed nearly 2% lower on Thursday, as it issued and allotted a further 100,000 new shares following an exercise of the same number of warrants at an exercise price of SG$0.06 apiece.

Kim Heng (SGX:5G2) shares rose some 3% on Thursday's close, as its unit Kim Heng Agency teamed up with RUHM Holdings and Wardatul Wahdah Binti Ahmad Nokman to set up a joint venture company in Malaysia.

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