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SGX:MXNU

11 stories mentioning SGX:MXNUUpdated 28d ago

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Asia

Singapore Shares End Week Higher, Track Regional Gains; CNMC Goldmine Surges 10%

Singapore shares surged at the close on Friday, tracking regional gains, after a lukewarm US jobs report that could have the bearing on an imminent interest rate hike from the US Federal Reserve.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,197.02 and 5,244.29 throughout the day. It ended the session at 5,244.29, up 27.14 points or 0.5% compared to Thursday's close.On the corporate front, shares of CNMC Goldmine (SGX:5TP) surged over 10% at the close as it secured an in-principle approval from the SGX-ST for a transfer to the Mainboard of the Singapore Exchange Securities Trading.Elite UK REIT (SGX:MXNU) closed nearly 2% higher as it disposed of four properties in Wales, UK, for 6 million pounds sterling.Meanwhile, Medi Lifestyle's (SGX:Z4D) rights issue at SG$0.02 per share closed on June 29, more than twice oversubscribed, with the health services company raising over SG$3.6 million.

^STISGX:5TPSGX:MXNUSGX:Z4D
Asia

Elite UK REIT Divests Four Welsh Properties

Elite UK REIT (SGX:MXNU) disposed of four properties in Wales, UK, for 6 million pounds sterling, according to a Thursday filing with the Singapore Exchange.Shares of the REIT were up nearly 2% in Friday trading.Proceeds from the divestments will be used for high-quality or high-growth opportunities, the REIT said.

SGX:MXNU
Asia

Elite UK REIT Updates on Usage of Private Placement Proceeds

Elite UK REIT (SGX:MXNU) provided a usage update on funds raised via a private placement, according to a Wednesday filing with the Singapore Exchange.The REIT has reserved 1.3 million pounds sterling to partly finance a proposed acquisition and around 6.1 million pounds sterling to partly finance the conversion of Lindsay House in Scotland into a purpose-built student accommodation facility.Meanwhile, 7.4 million pounds will be reserved for debt repayment purposes.

SGX:MXNU
Asia

Singapore Shares Extend Gains as Amid Drop in Fuel Prices

Singapore shares extended further gains on Thursday, tracking gains across the region as the US oil prices fell to their lowest level since the start of the US-Iran war, giving way to optimism.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,212.69 and 5,232.64 throughout the day. It ended the session at 5,218.96, up 2.97 points or 0.1% compared to Wednesday's close.On the corporate front, shares of Frasers Property (SGX:TQ5) were up nearly 2% at the close with the property developer proposing an optimization of its portfolio involving around SG$2.1 billion worth of assets.Elite UK REIT (SGX:MXNU) were down over 3% as it issued 25 million private placement units at 0.296 pounds sterling per unit.Meanwhile, GRP (SGX:BLU) subsidiary, Ratus Nautika, is facing new legal proceedings initiated by Energiser Enterprise for "further damages," following a settlement more than two months ago.

^STISGX:BLUSGX:MXNUSGX:TQ5
Asia

Elite UK REIT Issues 25 Million Units in Private Placement; Shares Down 3%

Elite UK REIT (SGX:MXNU) issued 25 million private placement units at 0.296 pounds sterling per unit, according to a Thursday filing with the Singapore Exchange.Trading in the units commenced on the same day, the filing said.Shares of the REIT were down over 3% in Thursday's late-morning trade.

SGX:MXNU
Asia

Elite UK REIT Receives In-Principle Approval for Listing 25 Million Units

Elite UK REIT (SGX:MXNU) received an in-principle approval from the Singapore Exchange Securities Trading for the listing and quotation of 25 million private placement units, according to a Monday bourse filing.Earlier, the REIT had sought a placement of the new units at 0.296 apiece.

SGX:MXNU
Asia

Elite UK REIT Sees Strong Demand for Private Placement

Elite UK REIT's (SGX:MXNU) said its private placement was oversubscribed, backed by strong demand from existing and new institutional investors, according to a Tuesday filing with the Singapore Exchange.The final issue price was fixed at 0.296 pounds per new unit, raising proceeds of around 7.4 million pounds.Trading of the new units is expected to commence on June 25.

SGX:MXNU
Asia

Elite UK REIT to Raise GBP7 Million Via Private Placement Exercise

Elite UK REIT (SGX:MXNU) is targeting to raise 7.4 million pounds via the placement of new units between 0.296 pounds and 0.300 pounds per unit, according to a Tuesday filing with the Singapore Exchange.Funds raised from the activity will be used to acquire five U.K. government-leased assets and to convert a property in Dundee, Scotland, into student housing.Maybank Securities and RHB Back will be the joint bookrunners and underwriters of the private placement.

SGX:MXNU
Asia

Elite UK REIT to Acquire Five Government-Leased UK Assets

Elite UK REIT (SGX:MXNU) agreed to acquire five UK government-leased properties for 31.9 million pounds, according to a Tuesday filing with the Singapore Exchange.The five properties have a combined area of 364,048 square feet.The deal, conducted through its subsidiary, Elite Kist, will expand the trust's portfolio weighted average lease expiry to 7.6 years.The REIT will fund the acquisitions through a mix of bank borrowings and a private placement exercise, the filing added.

SGX:MXNU
Asia

Elite UK REIT Becomes Part of CPF Investment Scheme

Elite UK REIT's (SGX:MXNU) Singapore dollar-denominated units have been included under the Central Provident Fund Board's CPFIS - Ordinary Account, effective Tuesday, according to a same-day Singapore bourse filing.Following the inclusion, investors can use their CPF ordinary account savings to acquire the REIT's unit listed on SGX.

SGX:MXNU
Asia

Elite UK REIT's Distributable Income Rises 9.8% in Q1

Elite UK REIT's (SGX:MXNU) distributable income rose by 9.8% in the first quarter to 5.3 million pounds from 4.8 million pounds a year earlier, according to a Friday filing with the Singapore Exchange.Net property income declined by 12% to 9.1 million pounds from 10.4 million pounds in the year-ago period.Revenue edged up 1.2% year over year to 9.4 million pounds, backed by portfolio occupancy of 99.9% and weighted average lease expiry of 6.9 years.

SGX:MXNU

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