Stocks to watch: Great Eastern, Suntec Reit, Intraco

Stocks to watch: Great Eastern, Suntec Reit, Intraco


[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Mar 10): 

Great Eastern : The insurer has appointed Andrew Khoo, a director on the board of its parent company OCBC, as chairman of its board with effect from Apr 15, according to a bourse filing on Monday. Dr Khoo, 62, who has also been on Great Eastern’s board since Sep 8, 2025, succeeds Great Eastern’s current chairman Soon Tit Koon. Great Eastern shares closed Monday 1.1 per cent or S$0.18 lower at S$15.73, before the news.

Suntec Real Estate Investment Trust (Reit) : Property tycoon Gordon Tang’s Acrophyte Asset Management has received approval from the Monetary Authority of Singapore to acquire ESR Trust Management (Suntec), the manager of Suntec Reit. Acrophyte, a vehicle controlled by Tang, had signed a S$190 million deal to acquire 100 per cent of the trust from ESR Asset Management, the Singapore Exchange announced on Dec 16. Units of Suntec Reit ended 2.2 per cent or S$0.03 lower at S$1.33, before the news.

Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.



Source link

Posted in

Liam Redmond

Leave a Comment