UPDATE: Singapore stocks to watch Friday: Keppel Infrastructure Trust, Oxley, China Jinjiang

Mural of construction gear in Singapore's Little India neighborhood.Mural of construction gear in Singapore's Little India neighborhood.

This article was originally published on Thursday, 14 March 2019 at 22:29 SGT; it has since been updated to include Keppel Infrastructure Trust and AIMS AMP Capital Industrial REIT. 

These are Singapore companies which may be in focus on Friday, 15 March 2019:

Oxley Holdings

Oxley Holdings said on Thursday it accepted an expression of interest (EOI) from a U.S.-based real estate fund which is interested in acquiring the Chevron House property in Singapore’s central business district for S$1.025 billion.

Read more: Oxley Holdings gets expression of interest in buying Chevron House for more than S$1 billion

Keppel Infrastructure Trust

Keppel Infrastructure Trust said on Friday that it priced its placement and preferential unit offerings at S$0.441 each, with the total gross proceeds set to raise around S$500.8 million.

The trust requested that the trading halt on its units be lifted as of 8:30 A.M. SGT Friday.

Correction: This article has been updated to correct the spelling of the company’s name in the headline.

Read more: Keppel Infrastructure Trust sets equity fundraising price to raise around S$500 million

China Jinjiang Environment

S&P Global Ratings said on Wednesday it downgraded China Jinjiang Environment’s issuer rating to BB-minus from BB, with a negative outlook, as higher-than-expected capital expenditure “materially increased” outstanding debt and interest expense.

Read more: UPDATE: S&P downgrades China Jinjiang Environment issuer rating

AIMS AMP Capital Industrial REIT

AIMS AMP Capital Industrial REIT’s manager said on Friday it was informed by AIMS Financial Group and AMP Capital that they reached an agreement on terms for proceeding with selling stakes in the REIT and its manager.

In late 2018, AMP Capital Investors had proposed selling its 50 percent stake in the REIT’s management entities and its 10.26 percent stake in the REIT to AIMS Financial Service Group, but the transaction didn’t take place as expected in February due to a disagreement between the parties.

Read more: AIMS Financial Group proposes acquisition of rest of AIMS AMP Capital Industrial REIT’s managers

Courts Asia

Nojima Asia Pacific said on Thursday that it owns, controls or has agreed to acquire 93.97 percent of Courts Asia’s shares, entitling it to compulsorily acquire the remaining shares for S$0.205 each from shareholders who haven’t accepted its takeover bid.

The offer remains open for acceptances through the close of business on Friday, it said in a filing to SGX on Thursday.

Read more about Courts Asia.

Aspial

Aspial said on Thursday it proposed repurchasing S$20 million of its 5.05 percent series 003 notes due 2019 issued under its S$700 million multicurrency debt issuance program.

The proposed repurchase will begin on Thursday and end on 22 March, it said in a filing to SGX on Thursday. DBS Bank is acting as the buy-back agent, it said.

Read more about Aspial.

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