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.
