Singapore stocks to watch Friday: Keppel, Frasers Commercial, Courts Asia, LMIRT, Sino Grandness

Singapore’s Marina Bay SandsSingapore’s Marina Bay Sands

These are Singapore stocks which may be in focus on Friday, 18 January 2019:

Keppel Corp.

Keppel Capital Holdings’ private fund management arm Alpha Investment Partners said its Alpha Asia Macro Trends Fund (AAMTF) III has closed after raising around US$1.1 billion, or around S$1.5 billion, including co-investments.

Read more: Keppel: Alpha Asia Macro Trends Fund III raised around US$1.1 billion

Frasers Commercial Trust

Frasers Commercial Trust urged caution over a Business Times report on Thursday that Google was in talks with the trust about leasing 400,000 square feet of space at Alexandra Technopark.

Read more: Frasers Commercial Trust urges caution over report Google is eyeing Alexandra Technopark space

Courts Asia

Home appliance and furniture retailer Courts Asia has received a takeover bid from Nojima Asia Pacific, a subsidiary of Nojima Corp., for S$0.205 a share, it said in a filing to SGX in the early hours of Friday.

Read more: Courts Asia receives takeover bid from Nojima

ESR-REIT

ESR-REIT reported on Friday its fourth quarter net property income was S$42.3 million, up 112.1 percent on-year, in its first results since its merger with Viva Industrial Trust.

Read more: ESR-REIT reports 4Q18 net property income of S$42.3 million in first post-merger results

Lippo Malls Indonesia Retail Trust

LMIRT Management, the manager of Lippo Malls Indonesia Retail Trust, or LMIR Trust, said on Thursday it sold 157.30 million LMIR Trust units to Bridgewater International Ltd., or BIL, for S$0.21 each.

Read more: LMIRT Management sells 157.30 million LIMR Trust units to Lippo Karawaci subsidiary

OUE Lippo Healthcare

OUE Lippo Healthcare said on Thursday that it successfully obtained a final arbitration award against David Lin on claims under a share purchase agreement, which included claims related to an entrusted loan agreement granted to Wuxi New District Phoenix Hospital, a profit guarantee given by Lin and Lin’s alleged breaches of warranties over Health Kind International (Shanghai)’s financial statements and its ownership of Wuxi Co.

The Singapore-based arbitration tribunal ordered Lin to pay 58.84 million yuan, US$32.84  million and S$842,823 to the company as well as an interest rate of 5.33 percent per annum from the date of the award, it said in a filing to SGX after the market close on Thursday.

OUELH said that to enforce the award, the Hong Kong High Court granted an injunction to restrain Lin from dealing in his assets in Hong Kong up to the value of the award.

Ezion Holdings and Ausgroup

Ezion Holdings said on Thursday that due to the change of major shareholders in Ausgroup following a series of corporate actions, Ausgroup is no longer considered an associated company of Ezion.

That’s because Ezion has ceased to be Ausgroup’s controlling shareholder, with its stake at 409.23 million shares, or 13.43 percent of Ausgroup’s enlarged issued capital, it said in a filing to SGX after the market close on Thursday.

Sino Grandness

Sino Grandness said on Thursday that it has agreed to an amended bond repayment extension related to bonds issued by Garden Fresh (HK) Fruit & Vegetable Beverage, its indirect and wholly owned subsidiary.

Read more: Sino Grandness sets bond repayment extension for subsidiary

Raffles United

Raffles United said on Thursday that Teo Xian-Hui Amanda Marie, or TXH, who holds around 65.76 percent of the company’s shares, will vote in favor of its planned rights issue and will take up the full allotment of rights.

Read more: Raffles United: Major shareholder agrees to vote in favor of rights issue

 

Get the Shenton Wire morning briefing in your inbox