The Business Times

Stocks to watch: Sabana Reit, Vertex Technology, OCBC, Vividthree, Roxy-Pacific

Megan Cheah
Published Thu, Jan 20, 2022 · 08:36 AM

THE following companies saw new developments that may affect trading of their securities on Thursday (Jan 20):

Sabana Industrial Real Estate Investment Trust (Sabana Reit): M1GU The Reit on Thursday posted a distribution per unit of S$0.0157 for the second half ended Dec 31, 2021, 31.4 per cent lower than a higher base of S$0.0229 for the year-ago period. Units of Sabana Reit closed flat at S$0.45 on Wednesday.

Vertex Technology Acquisition Corporation (VTAC): The special purpose acquisition company's (SPAC) initial public offering closed 36.0 times subscribed on Wednesday, ahead of its maiden trading day on the Singapore Exchange mainboard. VTAC, Singapore's first listed SPAC, had offered 11.8 million units at S$5 apiece. Units of VTAC will begin trading at 2 pm on Thursday.

OCBC: O39 The bank has pledged to make "full goodwill payouts" to hundreds of customers who lost a combined S$8.5 million in short message service (SMS) phishing scams impersonating the company in recent weeks. The payouts have gone to more than 100 victims so far - up from some 30-odd on Monday - said OCBC group chief executive Helen Wong in an update on Wednesday. The counter closed S$0.02 or 0.2 per cent down at S$12.23 before the update.

Vividthree: OMK : OMK 0% The Catalist-listed digital content production house has entered into an exclusive 2-year partnership with JVS Management for Filecoin mining, with an option to acquire a 51 per cent stake in the partner for up to S$6 million. The partnership will allow Vividthree to leverage growing demand for blockchain and digital assets, the group said in a bourse filing on Thursday. Shares of Vividthree closed at S$0.059, down S$0.002 or 3.3 per cent, on Wednesday.

Roxy-Pacific: E8Z Shareholders of the mainboard-listed property group have been advised to accept the buyout offer of S$0.485 in cash per share by an independent financial adviser (IFA). This values the company at S$630.5 million, which was noted to be "not fair but reasonable" by the IFA as the price-to-revalued net asset value of 0.64 time was below the average and median ratios of precedent privatisation transactions. The counter closed flat on Wednesday at S$0.48, before the latest announcement.

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