Hyflux rebuts SM Investments statements over whether material information was withheld
Troubled Hyflux disputed in strong terms Saturday allegations from its white knight investor SM Investments that material information was withheld.
March 2019
Hyflux reports more than S$1 billion loss for January-to-September period
Troubled water infrastructure company Hyflux reported on Friday a loss attributable to shareholders of S$1.12 billion for the January-to-September period.
Hyflux: PUB to extend Tuaspring deadline for fixing service default
Hyflux said Friday PUB gave its Tuaspring plant an extension to fix its service default, easing concerns it might scuttle its restructuring deal.
Seaspan to invest up to US$200 million in Swiber
Efforts to restructure troubled marine engineering group Swiber got a leg up after Seaspan said it would move ahead with an up to US$200 million investment.
Singapore share buybacks Friday: Kimly
These are Singapore companies which announced share buybacks on Friday, 29 March 2019: Kimly.
SIA Engineering enters line maintenance JV with NokScoot
SIA Engineering said on Friday it entered a deal with NokScoot Airlines to form a line maintenance joint venture in Thailand.
Frasers Logistics Trust to divest Australia property for around A$17 million
Frasers Logistics & Industrial Trust said on Friday it would sell a Victoria, Australia, property to Enbourne for A$17.25 million.
CapitaLand and CRCT to divest CapitaMall Wuhu
CapitaLand and CapitaLand Retail China Trust said Friday they entered a deal to divest CapitaMall Wuhu, which has been shuttered since last year.
Boustead Projects plans to acquire 25 percent of DSCO Group
Boustead Projects said Friday it entered a deal to acquire 25 percent of DSCO Group from several shareholders for around S$4.21 million.
Singapore stocks to watch Friday: City Developments, Hotel Properties
These are the Singapore companies which may be in focus on Friday, 29 March 2019: City Developments A joint venture comprising Hong Leong Holdings and…
Singapore stocks to watch Thursday: ST Engineering, SGX, Singapore Airlines
These are the Singapore companies which may be in focus on Thursday, 28 March 2019: Singapore Technologies Engineering Singapore Technologies Engineering said late on Wednesday…
Singapore’s GIC takes 25 percent stake in Dutch boutique hotel chain: Reports
Singapore state-owned investment company GIC has taken a 25 percent stake in Dutch boutique hotel chain CitizenM, according to reports in the WSJ and the FT.
Roxy-Pacific signs management deal with Park Hotel for Melbourne hotel
Roxy-Pacific Holdings and Park Hotel Group said on Wednesday they signed a management deal to open the Park Hotel Melbourne in 2022.
Ascott Residence Trust to acquire Sydney Hotel for nearly A$61 million
Ascott Residence Trust said on Wednesday it was acquiring the Felix Hotel, located near the Sydney Airport in Australia, for A$60.6 million or S$58.8 million.
Asia’s hotels are trying to go green. Here’s how
Hotels can confound environmental efforts: They use too much energy and create too much waste.Some of Asia’s largest hoteliers are hoping to change that.
Uni-Asia proposes share placement to raise funds and improve liquidity
Shipping and property investor Uni-Asia said on Wednesday that it proposed placing up to 5.42 million shares at S$1.08 each to raise funds for property investments and to improve the stock’s liquidity.
Uni-Asia: Ships and property make for strange, but complementary bedfellows
Asset manager Uni-Asia has bolted together property and shipping, in a seeming mismatch that’s managed to pay out relatively steady dividends.
Singapore stocks to watch Wednesday: ST Engineering, Metro, TEHO International
These are the Singapore companies which may be in focus on Wednesday, 27 March 2019: Singapore Technologies Engineering Singapore Technologies Engineering said late on Tuesday…
Fed’s Rosengren: Inverted yield curve is different this time
The yield curve inversion in the U.S. may have set off a fresh round of market jitters, but Eric Rosengren, president of the U.S. Federal Reserve Bank of Boston, said on Tuesday that it’s no longer a reliable recession signal.
UPDATE: Evans and Yellen agree, inverted yield curve is a damp squib
The inversion of the U.S. yield curve may have convinced many market participants that the sky is falling, or at least, a recession is looming, but at least two central bankers are unimpressed.
Singapore stocks to watch Tuesday: Singtel, Keppel, Camsing, Mencast
These are the Singapore companies which may be in focus on Tuesday, 26 March 2019: Singtel Singapore Telecommunications said late on Monday it will offer…
Yellen: This is the root cause of disruptions facing central bankers
The disruptions and uncertainty central bankers have been dealing with over the past few years have one root cause, said Yellen on Monday.
Yellen: Central bankers don’t have enough bullets in their policy guns
Former Federal Reserve chief Janet Yellen said on Monday that global central banks don’t have enough bullets in their policy guns to deal with a crisis.
Singapore stocks to watch Monday: Sembcorp, Keppel, Boustead Projects, Qian Hu
These are Singapore companies which may be in focus for Monday, 25 March 2019: Sembcorp Industries, Keppel, Boustead Projects and Qian Hu.
Singapore share buybacks Friday: Bumitama Agri, SingHaiyi Group
These are Singapore companies which announced share buybacks on Friday, 22 March 2019: Bumitama Agri and SingHaiyi Group.
Ornamental fish breeder Qian Hu to acquire aquarium accessories maker
Ornamental fish breeder Qian Hu said Friday it entered a deal to acquire Guangzhou Qian Hu Aquarium and Pets Accessories Manufacturing for S$13,500.
Boustead Projects sets joint venture with Malaysia Airports to develop aerospace park
Boustead Projects said Friday it entered a joint venture with Malaysia Airports (Subang) to develop an aerospace and technology park in Subang, Malaysia.
Sembcorp and YCH complete rooftop solar farm on warehouse
Energy player Sembcorp and logistics provider YCH Group said on Friday that the installation of a 2.8 megawatt-peak rooftop solar farm has been completed.
Singapore stocks to watch Friday: Oxley, Hyflux, SoilBuild REIT, Pine Capital
These are Singapore companies which may be in focus on Friday, 22 March 2019: Oxley, Hyflux, Soilbuild REIT and Pine Capital.
Hyflux: If Tuaspring fails to fix defaults, PUB may buy the desalination plant
Hyflux said Thursday PUB has informed the company that if it fails to resolve Tuaspring’s defaults by 5 April, the agency may acquire the desalination plant.
Oxley appoints exclusive agents to find buyer for Mercure and Novotel hotels after previous bid failed
Oxley Gem appointed exclusive agents to find and screen a buyer for the Novotel Singapore and Mercure Singapore hotels, it said in an SGX filing Thursday.
SoilBuild REIT enters deal to divest Loyang Way property for around S$34 million
Soilbuild Business Space REIT has entered a deal to divest a property at 72 Loyang Way for S$34.08 million, the REIT manager said Thursday.
Pine Capital suspends trading in shares due to ‘numerous allegations’
Pine Capital said Thursday it was suspending trade in its shares after receiving “numerous allegations,” including over possible lapses in internal control.
Singapore share buybacks: Bumitama Agri, SingHaiyi Group
These are Singapore companies which have announced share buybacks on Thursday, 21 March 2019: Bumitama Agri and SingHaiyi Group.
Indonesia stocks to watch Thursday: Mandom Indonesia, Vale Indonesia, Pemeringkat Efek Indonesia
Indonesia stocks to watch Thursday: Mandom Indonesia, Vale Indonesia, Pemeringkat Efek Indonesia
UPDATE: Singapore stocks to watch Thursday: Frasers Property, Frasers Centrepoint, Ascendas REIT, ThaiBev
These are Singapore companies which may be in focus on Thursday, 21 March 2019: Frasers Property, Ascendas REIT, Thai Beverage and Yongnam.
Frasers Centrepoint, Frasers Property to increase stakes in Tiong Bahru Plaza owner
Frasers Centrepoint Trust and Frasers Property announced separately Thursday they entered deals to increase their PGIM Real Estate AsiaRetail Fund stakes.
Singapore share buybacks Wednesday: Singapore Exchange
These are Singapore companies which announced share buybacks on Wednesday, 20 March 2019: Singapore Exchange.
Ascendas REIT issues HK$1.45 billion 3.57 percent notes due 2029
Ascendas REIT has issued HK$1.45B 3.57 percent notes due 2029 under its S$5 billion multicurrency medium term note program, the REIT manager said Wednesday.
Challenger Technologies receives exit offer and proposal to delist
Digileap Capital has proposed to delist Challenger Technologies from SGX and make an exit offer of S$0.56 a share, it said in an SGX filing Wednesday.