These are Singapore companies which may be in focus on Friday 21 December 2018:
Keppel Land’s wholly owned subsidiary DC REIT Holdings, or DCRH, has entered a deal to acquire the 77.6 percent it didn’t already own of PRE 1 Investments, which owns 112 Katong, a property at 112 East Coast Road in Singapore, for S$56.6 million, Keppel Corp. said in a filing to SGX on Thursday.
SIA Engineering said on Thursday that it has completed the divestment of Aircraft Maintenance Services Australia, or AMSA, to Heston Services, with AMSA ceasing to be a subsidiary.
UOL Group said on Thursday that its indirect wholly owned subsidiary, Success Venture (CS), has completed the acquisition of a property at 72 Christie Street, St. Leonards, Sydney, Australia, for A$154.52 million.
Wilmar said on Thursday that it established a new subsidiary, Yihai Kerry (Qingdao) Foodstuffs Industries as a direct wholly owned subsidiary of Wilmar Trading (China), which is a direct wholly owned subsidiary of Yihai Kerry Investments.
YK Qingdao has a registered capital of US$30 million and will engage in flour milling, it said in a filing to SGX after the market close on Thursday.
Yihai Kerry Investments is a direct wholly owned subsidiary of Bathos Co., which is an indirect wholly owned subsidiary of Wilmar, it said.
Ascendas Hospitality Trust
The managers of Ascendas Hospitality Trust said on Thursday that the acquisition of the Hotel WBF Honmachi, located in Osaka, Japan, by Ascendas Hospitality Honmachi Tokutei Mokuteki Kaisha has been completed.
The acquisitions of two other Osaka hotels, Hotel WBF Kitasemba West and Hotel WBF Kitasemba East, were completed at end-September, it said in the filing to SGX after the market close on Thursday.
Fragrance Group said on Thursday that Bayfront Ventures, its 50:50 joint venture with Aspial Corp., has obtained its temporary occupational permit, or TOP, for the CityGate project. Fragrance expects to receive the balance of proceeds from the residential and commercial units sold, it said in a filing to SGX after the market close on Thursday.
Datapulse Technology said on Thursday that it entered a deal to sell all of Wayco Manufacturing (M) to Way Co. for S$3.18 million, subject to conditions.
The consideration represents 92.5 percent of Datapulse’s original purchase consideration for the Wayco acquisition, but was around S$848,241 higher than its net asset value of S$2.33 million as of 31 July, it said in a filing to SGX after the market close on Thursday.
Datapulse intends to use the proceeds as general workign capital and for potential new investment opportunities, it said.
Wayco is a manufacturer of hair care, cosmetics and other homecare chemical products in Malaysia, it said.