Singapore stocks to watch Friday: Oxley, SPH REIT, Perennial Real Estate, Creative

Singapore street scene in Tanjong Pagar neighborhood; taken 31 August 2018.Singapore’s Tanjong Pagar neighborhood.

These are Singapore stocks which may be in focus on Friday, 10 January 2019:

Oxley Holdings

Oxley Holdings said on Thursday its wholly owned subsidiary Oxley Gem accepted a letter of intent, or LOI, for the potential sale of the Mercure and Novotel Hotels in Singapore for S$950 million.

Read more: Oxley Holdings enters deal to sell Mercure and Novotel hotels for S$950 million

SPH REIT

The manager of SPH REIT tapped Benjamin Kuah Hsein Yiao, age 38, as chief financial officer, replacing Soon Suet Har, age 45, it said in a filing to SGX after the market close on Thursday.

Read more: SPH REIT taps Benjamin Kuah Hsien Yiao as chief financial officer

Perennial Real Estate Holdings

Perennial Real Estate Holdings said on Friday that flexible-workspace provider IWG has leased more than 20,600 square feet at Capitol Singapore for a high-end co-working space with club amenities, branded No.18.

Read more: Perennial: IWG leases Capitol Singapore space for No18 co-working outlet

Creative Technology

Creative Technology said on Thursday that its Super X-Fi Headphone Holography products won four awards at the CES 2019 technology exhibition in Las Vegas.

Read more: Creative Technolgy: Super X-Fi Headphone products win four awards at CES 2019

OUE Lippo Healthcare

OUE Lippo Healthcare said on Thursday that it acquired stakes in two joint ventures in Myanmar with three hospitals, one medical center and two clinics for US$19.5 million, or around S$26.5 million.

Read more: OUE Lippo Healthcare acquires stakes in Myanmar healthcare joint ventures for around US$20 million

Yanlord Land

Yanlord Land said on Thursday that its wholly owned subsidiary Shanghai Renan Property Development disposed of a 50 percent stake in Hangzhou Renyuan Property Development to two companies for 2.5 million yuan in cash.

Hangzhou Renyuan owns a 100 percent interest in a project company in Hangzhou, China, known as Hangzhou Renxiang Property Development, it said in a filing to SGX after the market close on Thursday.

After the deal, Yanlord’s effective interest in Hangzhou Renyuan and Hangzhou Renxiang will fall to 50 percent from 100 percent, it said.

Sabana REIT

Sabana Shari’ah Compliant Industrial REIT’s manager said on Thursday that its divestment of 9 Tai Seng Drive, Geo-Tele Centre, in Singapore has been completed.

Following the divestment, Sabana REIT will own 18 properties, all located in Singapore, it said in a filing to SGX after the market close on Thursday.

Cordlife Group

Cordlife Group said on Thursday that Michael Steven Weiss, its CEO and executive director, has requested and been granted sabbatical leave to attend to personal matters for the 10 January to 31 May period.

During the period, the board and Chief Operating Officer Tan Poh Lan, as well as the rest of the management team, will assume Weiss’ duties and oversea group operations, it said in a filing to SGX after the market close on Thursday.

CSE Global

CSE Global said on Thursday that its indirect wholly owned subsidiary CSE Americas, or CSEA, acquired all of Blackstar Services from Incredible Machine Holdings and Shoreline Capital Investments for US$2.375 million, or around S$3.25 million.

Blackstar is mainly involved in designing and developing water treatment and disposal technology for oil and gas markets, it said in a filing to SGX after the market close on Thursday.

 

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