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STOCKS TO WATCH
ASCENDAS HOSPITALITY TRUST MANAGEMENT PTE LTD
Ascendas Hospitality Trust, which listed in July and owns hotels in Australia, China and Japan, announced the launch of an equity fund to raise no less than S$200 million ($158 million) to partially fund the acquisition of Park Hotel Clarke Quay in Singapore. It requested a trading halt in its shares on Thursday for one day.
DBS GROUP HOLDINGS LTD
DBS, Singapore's biggest bank, has priced its inaugural offshore RMB bond issue settled in Singapore. The 500 million yuan ($81.6 million) fixed rate bonds due 2016, priced at 99.76 percent, will bear a fixed coupon of 2.5 percent per annum with interest payable semi-annually. They are expected to be issued in June 2013.
YONGNAM HOLDINGS LTD
A consortium of Yongnam Holdings, Changi Airport Planners and Engineers and JGC Corp has submitted a proposal to Myanmar's Department of Civil Aviation to build Hanthawaddy International Airport. It is the consortium's second proposal after a submission in April 2013 for Yangon International Airport.
FRASERS COMMERCIAL TRUST
Frasers Commercial Trust received provisional permission for proposed additions and alterations to an existing commercial development at China Square Central and the construction of a new hotel block at 18 Cross Street in Singapore.
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