March 9: CapitaMall Trust, Ascott Residence Trust, Orchard Parade

Singapore shares are likely to rise on Friday, after an overwhelming majority of Greek bondholders agreed to a debt swap deal that would lightenthe country’s debt burden.

Singapore’s benchmark Straits Times Index rose 1.96% to 2,970.38. Here are some stocks and factors to watch:

CapitaMall Trust, which owns shopping centres, said it has secured $800 million worth of committed bank facilities without using any property as security, and that can be used to refinance its borrowing.

 

Ascott Residence Trust, which owns serviced residences, said it has agreed to buy 60% of Japanese apartment Citadines Karasuma-Gojo Kyoto from Mitsubishi Estate Co and Citadines Ippan Shadan Hojin for about $19 million.

 

Orchard Parade Holdings said it has appointed Lucas Chow as its chief executive officer and managing director, and Vincent Yik as its chief financial officer, with effect from March 15.

 

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