UPDATE: Singapore stocks to watch Wednesday: Sunpower, CapitaLand Mall Trust, Hyflux, Keppel Infrastructure

Singapore street scene in 1968; unknown location. Photo taken by Leonard Shaffer.Singapore street scene in 1968; unknown location. Photo taken by Leonard Shaffer.

These are Singapore stocks which may be in focus on Wednesday 21 November 2018:

Sunpower Group

Sunpower Group said on Tuesday that two major shareholders’ loan agreement with America 2030 and related share transfers are not in breach of any of the group’s loan provisions and don’t impact its ability to continue as a going concern.

Read more: Sunpower: America 2030 loan deal doesn’t breach company’s loan provisions

CapitaLand Mall Trust

CapitaLand Mall Trust said on Tuesday that its wholly owned subsidiary, CMT MTN, issued HK$555 million in fixed rate notes due 20 November 2025 to institutional and/or sophisticated investors.

Read more: CapitaLand Mall Trust issues HK$555 million fixed-rate notes due 2025

Keppel Infrastructure Trust

Basslink, which is a wholly owned subsidiary of Keppel Infrastructure Trust, said on Tuesday that its finance company was unable to meet the minimum debt service coverage ratio (DSCR), due to a service outage from March to June, resulting in a default.

Read more: Basslink: Failed to meet minimum debt service coverage for project financing

Hyflux

Hyflux said on Tuesday that the seawater desalination plant at Souk Tleta, Wilaya of Tlemcen, Algeria, has received a purported notice of termination from the offtakers of the project.

Read more: Hyflux: Termination notice given to desalination project in Algeria

Noble Group

Troubled commodity trader Noble Group is under investigation for suspected false and misleading statements and breaches of disclosure requirements under the Securities and Futures Act, the Commercial Affairs Department (CAD) of the Singapore Police Force, the Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority (ACRA) said in a joint statement.

Read more: Singapore MAS, police say Noble under investigation for disclosure breaches

Noble Group

Troubled commodity trader Noble Group said on Wednesday that it would fully cooperate with Singapore authorities in their investigation into suspected disclosure breaches and potential accounting issues.

Read more: UPDATE: Noble Group says it will cooperate fully with Singapore authorities

China Jinjiang Environment

China Jinjiang Environment said on Tuesday that it secured a concession from the local government to build, own and operate a waste-to-energy facility in Leting County in Hebei Province.

Read more: China Jinjiang Environment: Secured waste-to-energy project in Hebei Province

Lian Beng

Lian Beng said on Tuesday that its 40 percent-owned associated company, United E & P Pte. Ltd., is seeking a proposed listing on the main board of the Stock Exchange of Hong Kong.

Read more: Lian Beng: Associated company proposes listing on Stock Exchange of Hong Kong

Singapore Press Holdings

Singapore Press Holdings said on Tuesday that its 75 percent-owned indirect subsidiary, FastCo Pte., incorporated a wholly-owned subsidiary called FastJobs Philippines in the Philippines on 9 November.

The new subsidiary, which will have paid-up capital of 11 million Philippine pesos, will provide consultancy services on job vacancies, work opportunities and employment, it said in a filing to SGX on Tuesday.

M1

M1 said on Tuesday that it had completed the acquisition of all of AsiaPac Distribution via its wholly owned subsidiary  M1 Net. The deal had been announced in June.

Addvalue Technologies

Addvalue Technologies said on Tuesday that it received in-principle approval from Singapore Exchange Securities Trading (SGX-ST) for the listing and quotation of up to 100 million placement shares, which are expected to be issued within the next seven market days.

CPH

CPH on Tuesday requested a trading halt for its shares. It said it would hold a media briefing on Thursday to provide information on a “significant corporate development.”

Swiber Holdings

Swiber Holdings said on Tuesday that the judicial managers for the company and its subsidiary, Swiber Offshore Construction, have filed applications to extend the judicial management period to the end of 2019.

The judicial managers are also seeking an extension until end-May 2019 to send creditors a statement of proposals and summon a creditors’ meeting, it said in a filing to SGX after the market close on Tuesday.

The applications are due to be heard on 10 January 2019 at the Singapore High Court, it said.

Q&M Dental

The Johor Bahru dentist who was found guilty of contempt in a Malaysian court for allegedly violating court orders in his dealings with Q&M Dental told Shenton Wire on Tuesday that he planned to appeal the conviction.

Read more: Johor Bahru Dentist in Q&M case says he will appeal contempt conviction

This article was originally published on Wednesday 21 November 2018; it has since been updated to include an additional item on Noble Group. 

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