THE following companies saw new developments that may affect trading of their securities on Friday (Jun 14):
Singtel: Its Australian unit Optus Mobile intends to defend proceedings filed by the Australian Communications and Media Authority (ACMA) regarding a cyberattack in 2022. On Friday, Optus said it was aware of only about 10,200 customers having their personal information published on the Internet due to the cyberattack, as opposed to ACMA’s claim alleging 3.6 million breaches of the Australian Telecommunications (Interception and Access) Act. Shares of Singtel closed flat on Thursday at S$2.56.
Mapletree Logistics Trust: The trust’s manager announced on Thursday its proposed divestment of 119 Neythal Road in Singapore for S$13.8 million. The sale price is 34 per cent above the property’s latest valuation of S$10.3 million as at Mar 31, 2024. The transaction is expected to be completed by the second quarter of the 2024/2025 fiscal year. Units of Mapletree Logistics Trust closed S$0.01 or 0.8 per cent higher at S$1.33, before the announcement.