THE following companies saw new developments that may affect trading of their securities on Wednesday (Sep 14):

Ascendas Real Estate Investment Trust: The manager of Ascendas Real Estate Investment Trust (Ascendas Reit) has proposed to acquire a cold storage logistics facility for S$191.9 million, it said on Wednesday (Sep 14).

The property, which is located at 1 Buroh Lane, is the real estate investment trust’s (Reit) first cold storage facility investment in Singapore, said William Tay, chief executive of the manager, in a press statement.

Assuming the proposed transaction was completed on Jan 1, 2021, the manager expects a distribution per unit (DPU) accretion of 0.56 per cent or an improvement of 0.086 Singapore cent on a pro forma basis.

Parkway Life Reit: The trustee of Parkway Life Reit (PLife Reit) has entered an agreement to acquire 3 nursing homes in Hokkaido for a sum of 2.56 billion yen (S$26.1 million), in a move to further expand the healthcare Reit’s Japan portfolio.

The 3 properties – Blue Terrace Kagura, Blue Rise Nopporo and Blue Terrace Taisetsu – are being sold by Blue Melon Capital Kabushiki Kaisha and its wholly-owned subsidiary, K2 Healthcare Sapporo Godo Kaisha.

These facilities are operated by Blue Care Kabushiki Kaisha, a wholly-owned subsidiary of Living Platform, one of PLife Reit’s existing nursing home operators in Japan.

Keppel Corp: Keppel Corp and its subsidiaries have spent over $3.2 billion on stakes in infrastructure, positioning the company for growth.

UOB Kay Hian analyst Adrian Loh has maintained his “buy” call for Keppel Corp with a target price (TP) of $10.11, representing a 36% upside.

In his report dated Sept 12, Loh says that Keppel and its subsidiaries’ expenditure of over $3.2 billion on stakes in infrastructure has put in place the “foundations for the next stage of growth” after the company’s planned divestment of its offshore marine unit, which is expected in 4Q2022.

GYP: RUMAH & Co has once again sweetened its bid to privatise GYP Properties, raising the offer price to a final S$0.20 per share in cash, up 6.4 per cent from the previous price of S$0.188.

This comes after the offeror had on Sep 1raised the offer priceto S$0.188 per share, from the initial S$0.168 per share announced on Jul 8. The close of the offer has been extended to 5.30pm on Oct 7, the offeror announced in a bourse filing on Tuesday (Sep 13).

Centurion: Centurion's Westlite in Malaysia is expanding to address needs of employers and HR agents.

Westlite Accommodation Malaysia, an owner-operator of Purpose-Built Workers Accommodation (PBWA) or Centralised Accommodations, today announced plans to increase its PBWA capacity in Malaysia to cater to the growing needs of multinational companies, small and medium enterprises and human resource agents there.