These are the Singapore stocks which may be in focus on Wednesday 12 September 2018:
Thai Beverage
Thai Beverage said on Tuesday that International Beverage Holdings (China), or IBHC, and third-party China-registered Asiaeuro Wines & Spirits (Shenzhen), or AE (SZ), incorporated a joint venture in China called Asiaeuro International Beverage (Guangdong), or AIB (GD).
“AIB (GD) will principally engage in sales and distribution of alcoholic beverages, coffee products and other related businesses in the P.R.C.,” it said in a filing to SGX after the market close on Tuesday.
CapitaLand
CapitaLand said on Tuesday that it established a wholly owned subsidiary, Guangzhou Kai Li Real Estate Co., in China, with the principal activity of real estate development.
It has a registered share capital of 300 million yuan, or around S$60 million, it said in a filing to SGX after the market close on Tuesday.
OCBC
OCBC said on Tuesday that it bought back 100,000 shares in the market at S$10.98 each for a total consideration including other costs of S$1.099 million.
Since the April 2018 beginning of the buyback mandate, OCBC has bought back 5,925,000 shares, or 0.142 percent of the issued shares excluding treasury shares at the time the mandate started, it said in a filing to SGX after the market close on Tuesday.
Singapore Exchange
Singapore Exchange said on Tuesday that it bought back 150,000 shares in the market at S$7.28 to S$7.29 each for a total consideration, including other costs, of S$1,093,547.
Since the September 2017 beginning of its buyback mandate, Singapore Exchange has bought back 1.247 million shares, or 0.1 percent of the issued shares excluding treasury shares at the time the mandate started, it said in a filing to SGX after the market closed on Tuesday.
China Aviation Oil (Singapore)
China Aviation Oil (Singapore) said on Tuesday that Meng Fanqui, who served as CEO and executive director for more than 10 years, would be assuming another role within the China National Aviation Fuel Group (CNAF).
In a separate filing to SGX, China Aviation Oil (Singapore) said that Wang Yanjun had been appointed as CEO and executive director, taking effect on 12 September. Previously, Wang had been executive director and vice president of the company, it said.
“Mr. Wang brings a wealth of experience in aviation industry’s operations in the Asia Pacific region and has held several appointments with China National Aviation Fuel Group,” it said.
Viva Industrial Trust
Viva Industrial Trust’s manager said late on Tuesday that it filed an application to the court to grant approval for its proposed merger with ESR-REIT, with the case to be heard on 13 September in the Supreme Court of Singapore.
The merger received the approval of the required majority of Viva Industrial Trust security holders at a meeting on 31 August, it noted in a filing to SGX shortly before midnight on Tuesday.
Hi-P International
Hi-P International said on Tuesday that it bought back 400,000 shares in the market at S$0.91 to S$0.955 each for a total consideration including other costs of S$375,119.
Since the April 2018 beginning of the buyback mandate, Hi-P has bought back 6,019,600 shares, or 0.745 percent of the issued shares excluding treasury shares at the time the mandate started, it said in a filing to SGX after the market close on Tuesday.
Stamford Land
Stamford Land on Tuesday said it bought back 94,400 shares in the market at S$0.485 each for a total consideration including other costs of S$48,853.
Since the July 2018 beginning of the buyback mandate, Stamford Land has bought back 5,133,800 shares, or 0.594 percent of the issued shares excluding treasury shares at the time the mandate started, it said in a filing to SGX after the market closed on Tuesday.
Banyan Tree Holdings
Banyan Tree Holdings said on Tuesday that it incorporated a new wholly owned subsidiary in Singapore, called ACAP International Investments, with a principal activity of investment holding.
The new subsidiary has paid-up capital of S$1.00 and isn’t expected to have a material impact on Banyan Tree’s earnings per share and net tangible assets for the current financial year, it said in a filing to SGX after the market close on Tuesday.
Swiber Holdings
Swiber Holdings said on Tuesday that Meadsea Services, its indirect wholly owned subsidiary based in the Netherlands, had resolved to be dissolved under the Dutch Civil Code.
The directors of Meadsea, Messrs. Francis Wong Chin Seng and Focko Herman Nauta, had been appointed as liquidators on 7 September, it said in a filing to SGX after the market close on Tuesday.
“Meadsea has been a dormant company since the commencement of the judicial management of the company, and its dissolution is part of the group’s ongoing efforts to streamline its corporate structure and restructure its group operations,” it said.
Sabana Shariah Compliant Industrial REIT
Sabana Shariah Compliant Industrial REIT’s manager said late on Tuesday that Tay Chiew Sheng, chief strategy officer and head of investor relations, would leave the company to pursue other interests, effective Tuesday.
China Sunsine Chemical Holdings
China Sunsine Chemical Holdings said on Tuesday that it bought back 122,300 shares in the market at S$1.09 to S$1.11 each for a total consideration, including other costs, of S$135,098.
Since the April 2018 beginning of its buyback mandate, China Sunsine has bought back 362,300 shares, or 0.074 percent of the issued shares excluding treasury shares at the time the mandate started, it said in an SGX filing after the market close on Tuesday.
Japan Foods
Japan Foods said on Tuesday that it bought back 69,800 shares in the market at S$0.495 each for a total consideration, including other costs, of S$34,751.
Since the July 2018 beginning of the buyback mandate, Japan Foods has bought back 274,500 shares, or 0.158 percent of the issued shares excluding treasury shares at the time the mandate started, it said in a filing to SGX after the market close on Tuesday.
