These are Singapore stocks which may be in focus on Friday 7 December 2018:
Troubled commodity trader Noble Group said early on Friday that it disagreed with Singapore authorities’ assessment of its accounting practices and that it would continue with its restructuring despite the ruling that it will not be allowed transfer its listing status to New Noble.
Troubled commodity trader Noble Group won’t be allowed to transfer its listing status to New Noble, its post-restructuring entity, the Singapore Police Force, the Monetary Authority of Singapore and Singapore Exchange Regulation said in a joint statement on Thursday.
Straits Times Index
There were no changes to the constituents of the Straits Times Index after its December quarterly review, FTSE Russell and SGX said in a statement on Thursday.
The STI reserve list, which includes the five highest ranking non-constituents of the index by market capitalization, will be Suntec REIT, Mapletree Commercial Trsut, Keppel REIT, Mapletree Logistics Trust and Mapletree Industrial Trust, the statement said.
Reserve-list stocks will replace any index members that become ineligible due to corporate actions before the next review, it said.
Keppel Land (Indonesia) has signed a non-binding general collaboration agreement with PT Metropolitan Land, or Metland, to cooperate on residential projects in greater Jakarta, in a deal with an investment value of up to 5 trillion rupiah, or around S$470 million, the two said in a filing to SGX on Thursday.
Singapore Exchange said on Thursday that HGNH International Financial (Singapore) has become a Trading and Clearing member of its derivatives market.
UOL Group said on Thursday that its indirect wholly owned subsidiary, Success Venture (CS), or SVCS, entered a deal to acquire a Sydney, Australia, office building for A$154.52 million.
CapitaLand said on Thursday that its 80 percent owned Guangzhou New Boundary Real Estate, or GZNB, has increased its registered capital to 860 million yuan, or around S$170 million from 610 million yuan, or around S$120 million.
Yanlord Land said on Thursday that its wholly owned subsidiary, Nanjing Renyuan Investment, acquired an additional 54 percent stake in Wuhan Yanlord Zhuyeshan Real Estate for 330.73 million yuan.
Citic Envirotech said on Thursday that it landed two contracts worth a total 490 million yuan for engineering, procurement and construction (EPC) projects.
Sunpower Group said on Thursday that it secured a 59 million yuan manufacturing and services (M&S) contract from Yunnan Coal Chemical Group, its first with the state-owned enterprise in Yunnan.
Keppel Telecommunications & Transportation said on Thursday that its subsidiary, UrbanFox Asia, incorporated a wholly owned subsidiary called UrbanFox (Malaysia) to operate an e-commerce platform. The new subsidiary has an issued share capital of 2 Malaysian ringgit, it said in a filing to SGX after the market close on Thursday.
Spackman Entertainment Group
Spackman Entertainment Group said on Friday that its film, Default, has grossed US$15 million in box office revenue and has had an audience of more than 2 million in the nine days since its release. It has been the highest November opening in South Korean box office history, the company said in a filing to SGX before the market open.
Spackman’s indirect wholly owned subsidiary, Zip Cinema, produced the film, while the company also invested 10 percent of the film’s total production budget, it said. The estimated total production budget was around 9.7 billion won, or US$8.6 million, it said.
Haw Par Corp.
Haw Par Corp. said on Thursday that its Zann Lim, its chief financial officer, resigned to pursue another career opportunity. The resignation of Lim, age 41, will be effective of 28 February 2019, it said in a filing to SGX after the market close on Thursday.
She holds 45,000 ordinary shares in the company, it said.