UPDATE: Singapore stocks to watch Monday: Singtel, Sunpower, Boustead Projects, CNMC Goldmine, Sembcorp

On Singapore’s National Day, 9 August 2014, helicopters fly the flag toward the National Day Parade.On Singapore’s National Day, 9 August 2014, helicopters fly the flag toward the National Day Parade.

These are Singapore stocks which may be in focus on Monday, 24 December 2018:

Singtel

Optus Wholesale has extended its current mobile virtual network operator (MVNO) agreement with Vocus Group for five years, in a deal which includes access to the Optus 5G network and upcoming technology, Singtel’s Optus said on Monday.

Read more: Optus: Extends MVNO tie-up with Vocus for five years

Cromwell European REIT

Cromwell European REIT has entered a deal to acquire Challenger DPG France SAS, which holds three logistics properties in France, for around 21.6 million euros, the REIT manager said on Monday.

Read more: Cromwell European REIT to acquire three logistics properties in France

Sunpower Group

Sunpower Group said on Friday that it issued 32.28 million warrants to Blue Starry Energy, which is indirectly owned by DCP Capital Partners, and 5.88 million warrants to Glory Sky Vision, which is indirectly owned by CDH China Management.

Read more: Sunpower issues warrants to Blue Starry Energy and Glory Sky Vision

Boustead Projects

Boustead Development Partnership (BDP), Boustead Projects co-investment tie-up with a Middle Eastern sovereign wealth fund, obtained a development contract for an aerospace facility in Singapore’s Seletar Aerospace Park, it said in an SGX filing on Friday.

Read more: Boustead Projects tie-up obtains contract for Seletar Aerospace Park facility

Boustead Projects

Boustead Projects said on Friday that its joint venture Snakepit-BP, or SBP, was awarded the development of a new business park, located in Singapore’s one-north precinct, to be primarily used as gaming brand Razer’s new Southeast Asia headquarters.

Read more: Boustead Projects joint venture to develop new Razer headquarters in Singapore

CNMC Goldmine

CNMC Goldmine said on Monday that the listing committee of the Stock Exchange of Hong Kong rejected its application for a dual listing last week, saying it wasn’t suitable, but the mining company said it wouldn’t derail its expansion plans.

Read more: CNMC Goldmine: HKEx rejects dual listing plan

MeGroup

Malaysia-based auto dealership operator MeGroup said on Friday that it received a letter of award from the official distributor of Peugeot brand vehicles in Malaysia, Nasim Sdn. Bhd., to operate a third Peugeot dealership there.

Read more: MeGroup: Obtains third Peugeot dealership in Malaysia

Parkson Retail Asia

Parkson Retail Asia said on Friday that its CEO Larry Michael Remsen, age 71, has resigned, effective 21 December, to relocate back to the U.S. for family reasons.

Sembcorp Industries

Sembcorp Industries said on Friday that Singapore Wuxi Investment Holdings, or SWIH, has completed its divestment of its entire 49 percent stake in Wuxi Singapore Property Investment, or WSPI.

SWIH is 92.6 percent owned by Sembcorp’s wholly owned subsidiary Sembcorp Development, it said in a filing to SGX after the market close on Friday.

The deal resulted in a net gain of S$13 million for SWIH and a net gain of S$12 million for Sembcorp for the current financial year, it said.

SPH REIT

SPH REIT has completed the acquisition of an 85 percent interest in Figtree Grove Shopping Centre in New South Wales, Australia, via its joint venture sub-trust, Figtree Holding Trust, the REIT manager said in an SGX filing on Friday.

Figtree Holding Trust is a wholly owned subtrust of SPH REIT Moelis Australia Trust, which is  85 percent held by SPH REIT and 15 percent held by entities managed by the asset management division of Moelis Australia, it said.

Sembcorp Industries

Sembcorp Industries said on Friday that the sale of its wholly owned subsidiary Sembcorp Utilities (Netherlands) NV’s wholly owned Sembcorp Utilities South Africa (SUSA) and its 100 percent effective stake in Sembcorp Silulumanzi to South African Water Works has been completed.

SUSA and Sembcorp Silulumanzi are no longer part of the group, Sembcorp said.

First REIT

Bowsprit Capital, the manager of First REIT, said on Friday that the operations of the REIT’s property in Surabya, Siloam Hospitals Surabaya, was not affected by the road collapse last week along nearby Gubeng Highway. Local media reported the collapse was near the basement of Siloam Hospital.

“The hospital operator has assured that all patients in their care remain in safe condition and the hospital’s operations are continuing normally,” it said in a filing to SGX after the market close on Friday. “The manager understands that repairs and investigations in relation to the road subsidence are currently ongoing; the manager is monitoring the situation closely and will provide an update as and when there are any material developments.”

It noted that in 2015, First REIT sold part of the land adjacent to the hospital property to a subsidiary of its sponsor, PT Lippo Karawaci Tbk, related to the sponsor’s development works for a new hospital.

Aoxin Q&M

Aoxin A&M said on Friday that its indirect, wholly owned subsidiary, Shenyang Xinao Hospital Management, entered a deal to acquire 100 percent of Shenyang Huanggu Aoxin Dental Clinic from Wang Peng and Wang Hongsheng for 1.1 million yuan in cash.

Huanggu Clinic is located in Huanggu District, Shenyang City, Liaoning Province, and has a book value and net tangible asset value of 762,000 yuan as of 30 November, it said.

Nera Telecommunications

Nera Telecommunications said on Friday that its subsidiary, Nera Networks< set up a new company in Thailand, called Nera Telecommunications Holding (Thailand), with a paid-up share capital of 100,000 baht, for investment holding.

The incorporation was funded via internal resources, it said in a filing to SGX on Friday.

TEE International

TEE International said on Friday that its Singapore subsidiary TEE Infrastructure entered a deal to acquire 100 percent of Arrow Waste Management from Mr. S. Awtar Singh and Mr. Gajendra Singh for S$100,000.

The deal is expected to be completed by 31 January, subject to conditions, it said in a filing to SGX after the market close on Friday. The purchase price will be funded via internal resources, it said.

This article was originally published on Monday, 24 December 2018 at 7:46 A.M. SGT; it has since been updated to include items on Singtel’s Optus and Cromwell European REIT. 

Get the Shenton Wire morning briefing in your inbox