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It Never Rains But Pours. A Long Road Ahead For Manulife US Reit? (Money FM)

Nov 30, 2023

Singapore stocks opened weaker today, following heavy losses of the top-traded counter.
In early trade, the Straits Times Index (STI) headed down 0.2 per cent to 3,078.74 points after 45.7 million securities changed hands in the broader market.
In terms of companies to watch, we have Manulife US Reit. Units fell as much as 27.5% after the counter resumed trading today.
Its manager had earlier revealed plans to raise funds through a mix of asset dispositions and a sponsor-lender loan to remedy its financial covenant breach.
Elsewhere from Japan’s Nikkei rallying to log its best month in two years to Microsoft taking a non-voting, observer position on OpenAI’s board, more international headlines remain in focus.