Stocks to watch: Stoneweg Europe Stapled Trust, Del Monte Pacific, Marco Polo Marine, mm2 Asia
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Sep 18):
Stoneweg Europe Stapled Trust (Sert) : The managers of Sert on Thursday announced the divestment of a non-core office asset in Italy for 11.4 million euros (S$17.2 million), and the completion of a 7.8 million euro sale in Poland. The former’s completion is subject to the customary conditions and is expected in the fourth quarter of this year. Cassiopea 1-2-3 in Agrate Brianza, Italy, will be divested to Finviar, and was independently valued at 11 million euros by JLL as at Jun 30, 2025. Stapled securities of Sert closed 0.7 per cent or 0.01 euro down at 1.54 euros on Wednesday.
Del Monte Pacific (DMP) : The dual-listed canned food brand submitted its annual report late on Wednesday night, having been suspended from trading by the Philippine Stock Exchange (PSE) from the previous day. The company previously requested an extension to its annual report submission deadline from both the PSE and the Singapore Exchange (SGX), but had been unable to meet the extended PSE deadline. On Thursday, DMP said that the delay was related to its auditors being unable to obtain sufficient audit evidence for DMP’s US unit as it is undergoing Chapter 11 bankruptcy proceedings. DMP called for a trading halt on the SGX on Wednesday morning after market open. Prior to the trading halt, its shares last traded at S$0.102, down from Tuesday’s close by S$0.002 or 1.9 per cent.
