SATS, CCT, Boustead Projects, ARA

SINGAPORE (May 23): Here are some stocks that could move the market this Monday morning.

Airport gateway services provider SATS says 4Q earnings slipped 1.7% to $50.7 million after revenue fell 1.8% to $417.6 million, dragged down by a 7.4% decrease in food solutions revenue, to s$232.3 million, as the business was transferred to joint venture company SATS BRF Food (SBRF) in June 2015. Shares of SATS ended at $4.45 on Friday.

CapitaLand Commercial Trust (CCT) has proposed to acquire the remainder 60% interest in Grade A office tower CapitaGreen for $393 million. CCT currently owns a 40% interest in units in MSO Trust, a special purpose sub-trust that holds CapitaGreen. CapitaLand owns 50% interest in MSO Trust, while Mitsubishi Estate Asia (MEA) owns the remaining 10%. CCT ended flat at $1.38 last Friday.

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• Boustead Singapore closes exit offer for Boustead Projects shares
• Hainan Airlines awards SATS contract for Saudi Arabia operations
• SATS launches US$500 mil bonds under multicurrency debt issuance programme

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