Singapore stocks to watch Thursday: Keppel, Cromwell European REIT, No Signboard

Euro coinsPhoto by Leslie Shaffer

These are Singapore stocks which may be in focus on Thursday 6 December 2018:

Keppel Corp.

Keppel Urban Solutions, digital energy player Envision and the Wuxi government signed a non-binding memorandum of understanding to develop a smart internet of things (IoT) city, including an industrial park, in XuelangTown, Tiahu New City, in Wuxi, China, it said in a filing to SGX before the market open on Thursday.

Read more: Keppel, Envision and Wuxi government sign deal to develop smart IoT city

Keppel Corp.

Keppel Land Retail Management, a wholly owned subsidiary of Keppel Land, has entered a deal to sell TaiMall Management Services, or TMS, to Lian Wei Investment, it said in a filing to SGX after the market close on Wednesday.

Read more: Keppel Land to sell TaiMall Management to Lian Wei Investment

Duty Free International

Duty Free International said on Wednesday that it used US$800,000 of the remaining net proceeds of around S$38.62 million from its 2016 share placement exercises to purchase inventories for Brand Connect Holding.

Cromwell European REIT

Cromwell European REIT completed the acquisition of two office assets in Italy for a total purchase consideration of 37.5 million euros, the REIT manager said in a filing to SGX after the market close on Wednesday. The deal was announced at the end of October.

The deal was wholly funded via the REIT’s unsecured revolving credit facility of 100 million euros, the filing said. The properties are in Genova and Bari, it said.

After the deal’s completion, the REIT’s portfolio has 77 properties across Denmark, France, Germany, Italy and the Netherlands, it said.

Oxley Holdings

Oxley Holdings said on Wednesday that its 50 percent-owned joint venture Oxley Deanston has completed the acquisition of the property called units 1-8 Deanston Wharf, Canning Town, London, for 35 million pounds.

No Signboard Holdings

No Signboard Holdings said on Wednesday that it appointed Cheng Wai Meng Ron, age 50, as vice president of the restaurant operation. Cheng will be in charge of menus development, kitchen setup, operations, production and training, it said in a filing to SGX after the market close on Wednesday.

From 2009-2018, Cheng was executive chef at Resorts World Sentosa and from 2007-2009, was executive chef at Furama International, it said.

CH Offshore

CH Offshore said on Wednesday that its chief operating officer, Tan Jit Sin, age 68, has retired, effective on 30 November.

Spackman Entertainment Group

Spackman Entertainment Group said on Thursday that its wholly owned subsidiary, movie and drama equipment-leasing player Frame Pictures, obtained three major camera equipment deals for three upcoming drama series.

The total value of the contracts is around 972 million South Korean won, or around US$872,924, the filing to SGX before the market open on Thursday said.

The three drama series are Four Men, Asadal Chronicles and The Man Who Became King, it said.

In August, Frame Pictures secured four major camera equipment deals for South Korean film Girl Cops and three dramas, The Greatest Divorce, The Beauty Inside and Hundred Million Stars from the Sky, with a total contract value of around 573 million won, or around US$500,000, Spackman said.

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