UPDATE: Singapore stocks to watch Tuesday: Sasseur REIT, Citic Envirotech, Frasers Property, Spackman

View from Waterway Point mall, by Frasers Property, at Punggol New Town in Singapore; taken August 2018.View from Waterway Point mall at Punggol New Town in Singapore.

This article was originally published on Monday, 18 February 2019 at 21:32 SGT; it has since been updated to include Keppel Infrastructure Trust, Procurri, Boustead Projects and Ausgroup.

These are Singapore companies which may be in focus on Tuesday, 18 February 2019:

Sasseur REIT

Sasseur REIT reported on Monday its distribution per unit (DPU) for the fourth quarter was 1.999 Singapore cents, 28.1 percent above the forecast from its IPO prospectus for 1.561 Singapore cents.

Read more: Sasseur REIT’s 4Q18 DPU beat IPO forecasts

Citic Envirotech

Citic Envirotech said on Monday it obtained a 474 million yuan (S$94.97 million or US$70.06 million) industrial hazardous waste treatment project in Linfen City, Shanxi Province, China.

Read more: Citic Envirotech secures hazardous waste treatment project

Frasers Property

Frasers Hospitality, the hospitality business of Frasers Property, tapped Koh Teck Chuan, age 59, as its new CEO, effective on Tuesday, it said in a filing to SGX on Monday.

Koh was previously CEO at real estate company MCL Land and finance director at Cycle & Carriage Industries, a motor distribution business, and chief financial officer at MCL Land, it said.

Read more about Frasers Property here.

Keppel Infrastructure Trust

Keppel Infrastructure Trust said on Monday that it obtained a term loan and revolving credit facility in an aggregate S$200 million, and a multicurrency money market line of S$120 million.

Read more about Keppel Infrastructure Trust here.

Procurri

A.C.T. Holdings (ACT) has entered put-and-call option deals to potentially acquire Procurri shares from Soh Chooi Lai and Xu Wen Jiong, it said in filings to SGX before the market open on Tuesday.

Procurri requested that the trading halt on its shares be lifted.

Read more: ACT enters deals to potentially acquire Procurri stakes

Procurri

Procurri said on Tuesday that New State, which had issued a letter of intent proposing to acquire the company, has decided to withdraw its interest.

The non-binding LOI had proposed to acquire all of Procurri’s shares, other than treasury shares and shares held by substantial shareholder Irrucorp. Procurri had said earlier this month that it hadn’t accepted the LOI and had not opened exclusive negotiations.

Read more about Procurri.

Boustead Projects

Boustead Projects’ wholly owned subsidiary Boustead Projects E&C obtained a more than S$70 million contract to design and build a tech manufacturing facility in Singapore, it said in a filing to SGX before the market open on Tuesday.

The facility, which will expand the client’s existing operations, is expected to completed by the second quarter of 2020, the filing said.

The contract raised Boustead Projects’ orderbook backlog, or unrecognized project revenue at end-December combined with new orders since then, to around s$741 million, it said.

Cromwell European REIT

ARA Asset Management Holdings became a substantial shareholder in Cromwell European REIT with a 35.27 percent deemed interest after its indirectly held, wholly owned ARA Real Estate Investors XXI saw its stake in Cromwell Property Group rise to 20.03 percent from 19.38 percent after the latter held a rights issue which wasn’t fully exercised.

Cromwell Property Group is deemed interested in 35.27 percent of Cromwell European REIT, it said.

Mapletree Industrial Trust

Mapletree Industrial Trust said on Monday that it received in-principle approval from Singapore Exchange Securities Trading, or SGX-ST, to list the 103.36 million new units it issued in a private placement last week.

Read more: Mapletree Industrial Trust private placement raises around S$201 million

Ausgroup

Ausgroup said on Tuesday it entered a deal to acquire the accommodation village and related facilities in Port Melville, in Australia’s Northern Territory, for A$11.8 million, or S$11.36 million, from Charisma Energy Services, Aus Am and Kingpost 2 International.

The village has a 119-person accommodation camp, kitchen, administration building and recreational facilities, and supports the Northern Territory oil and gas industry and marine transport industry, it said in a filing to SGX before the market open on Tuesday.

Spackman Entertainment

Spackman Entertainment incorporated a new subsidiary in Singapore called Spackman Novus, with one ordinary share at US$1, for post-theatrical distribution of films and a camera equipment leasing business, it said in a filing to SGX on Monday.

Read more about Spackman Entertainment.

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