Singapore stocks to watch Friday: Thai Beverage, Wilmar, Redmart, Creative, Hong Leong Asia

Cans of Chang beer at a Singapore supermarket; taken September 2018. The Chang brand is owned, brewed and distributed by Thai Beverage.Cans of Chang beer at a Singapore supermarket; taken September 2018. The Chang brand is owned, brewed and distributed by Thai Beverage.

These are Singapore shares and companies which may be in focus on Friday, 4 January 2019:

Thai Beverage

Thai Beverage said on Thursday that it has increased its holding in Saigon Beer – Alcohol – Beverage Corp., or Sabeco, by restructuring the around 111.21 trillion Vietnamese dong, or around US$4.89 billion, loan and interest used to finance the acquisition.

Read more: Thai Beverage completes restructuring of nearly US$5 billion loan for Sabeco acquisition

Wilmar

Wilmar said on Thursday that it completed the sale of its indirect, wholly owned subsidiary Wilmar France Holdings, which owns and operates an ethoxylation facility, to Ineos Chemicals Holdings Luxembourg.

Read more: Wilmar sells Wilmar France Holdings to Ineos Chemicals

Redmart

Alibaba-tied online grocery store Redmart was experiencing glitches with its service on Thursday, after a system upgrade.

Read more: Alibaba-tied Redmart faces delivery glitches after system update

Creative Technology

Creative Technology said on Thursday that it launched its Super X-Fi headphone products, the Creative SXFI AIR series, at the CES 2019 technology exhibition in Las Vegas.

Read more: Creative Technology launches Super X-Fi headphones at CES 2019

Hong Leong Asia

Hong Leong Asia said on Thursday that its wholly owned subsidairy Well Summit Investments on Monday bought 22,257 shares of New York Stock Exchange-listed China Yuchai International, or CYI, for US$0.10 each for a total of around US$267,084.

The purchase represented around 0.05 percent of CYI’s share capital and brought the Hong Leong Asia group’s stake in CYI to 17.06 million ordinary shares and one special share, or around 41.75 percent of CYI as of the end of 2018, it said in a filing to SGX after the market close on Thursday.

Hi-P International

Hi-P International said on Thursday that it increased the registered capital of its wholly owned subsidiary Hi-P (Suzhou) Precision Mold & Die to US$12.5 million from US$2.5 million.

The US$10 million increase will be funded via internal resources, it said in a filing to SGX after the market close on Thursday.

Halcyon Agri

Halcyon Agri said on Thursday that it incorporated a wholly owned subsidiary called Shanghai CMI Rubber in China for the purpose of trading and distributing natural rubber and related products.

The new subsidiary has registered capital of US$3 million, it said.

Declout

Declout requested a trading halt on Thursday pending the release of an announcement.

Accrelist

Accrelist said on Thursday that its wholly owned subsidiary We Crowdfunding has changed its name to Accrelist Crowdfunding, effective Thursday, it said.

 

 

Get the Shenton Wire morning briefing in your inbox