These are Singapore stocks which may be in focus on Tuesday 4 December 2018:
Singapore Exchange said on Monday that it was partnering with Nanhua Futures to develop ways for investors to access opportunities related to China’s Belt and Road Initiative (BRI).
Singapore Exchange said on Monday that it launched high-grade iron-ore derivatives, the world’s first, to meet demand for new risk management tools as China makes structural changes to its environmental policies.
ST Engineering said on Monday that it divested all of its pilot-training business in the U.S., by selling all of its shares in Aviation Academy of America (AAA) and VT Aviation Services (VTAS) to Vaayu Aerospace.
Creative Technology and Popular
Creative Technology said on Monday it was tying up with Singapore bookstore chain Popular in a longer term effort to jointly create new offerings in Singapore, starting with Creative’s Super X-Fi products.
Thakral Corp. said on Monday that it invested in Kitahama Building, an Osaka office building, in a move to expand its property investment portfolio in Japan.
Hong Leong Asia
Hong Leong Asia said on Monday that its wholly owned subsidiary, Well Summit Investments, purchased 600,000 shares of New York Stock Exchange-listed China Yuchai International, or CYI, for a total of US$8.39 million.
Kingsmen Creatives said on Monday that its wholly owned subsidiary, Kingsmen Exhibits, set a strategic joint venture with the Nassal Co. for providing scenic fabrication services for the attractions business in Japan.
Noble Group said on Monday it established a wholly owned subsidiary, Spinel Investments, in the Cayman Islands, with a primary business of investment holding.
The issued and paid-up share capital and net tangible asset value of Spinel is US$1.00, comprising one share, it said, adding the payment was satisfied in cash and funded by internal resources.
Asiatravel.com said on Monday that it has submitted on Friday its reply to the Singapore Tourism Board’s report to the Minister of Trade & Industry over STB’s assessment of the appeal against STB’s notice of decision to suspend Asiatravel.com’s travel agent license.
Asiatravel.com said it was now awaiting the MTI’s decision on its appeal.
The company has previously highlighted that it faced “minor cash flow issues” and a lack of qualified accounting staff.