This article was originally published on Thursday, 18 April 2019 at 12:31 A.M. SGT; it has since been updated to include ST Engineering.
These are Singapore companies which may be in focus on Thursday, 18 April 2019:
Singapore Exchange said on Wednesday that it added Haitong International Securities (Singapore), W Capital Markets and Evolve Capital Asia to its pool of accredited issue managers and Catalist sponsors.
As an accredited issue manager, Haitong International Securities (Singapore) can advise companies seeking a listing on the SGX Mainboard, SGX said in a statement on Wednesday.
W Capital Markets and Evolve Capital Asia can advise companies on a Catalist listing and supervise Catalist-listed companies post-listing, the statement said.
Keppel said on Wednesday it obtained contracts with a combined value of S$160 million from repeat customers for upgrading a drilling semisubmersible and for integration work on a floating production storage and offloading (FPSO) vessel.
United Industrial Corp.
United Industrial Corp., or UIC, said on Wednesday it has completed the acquisitions of 10 percent of Marina Centre Holdings (MCH) from OUE Ltd., and another 10.27 percent and 4.0 percent of MCH from Finnegan Investments and Mackmoor Pte., respectively.
The acquisition of a 25 percent stake in Aquamarina Hotel by MCH was also completed, UIC said in a filing to SGX after the market close on Wednesday.
ST Engineering said on Thursday its U.S. subsidiary completed the acquisition of MRA Systems for a net consideration of US$506 million, or around S$683 million.
The acquisition is expected to be earnings accretive, ST Engineering said in a filing to SGX before the market open on Thursday.
Singapore’s water regulator PUB said on Wednesday it issued a notice to Hyflux’s Tuaspring Desalination Plant that it would terminate its water purchase agreement (WPA) and take over the plant.
Keppel REIT reported on Wednesday that its first quarter net property income edged up 0.3 percent on-year to S$31.31 million, mainly on higher one-off income, partly offset by lower contributions from Ocean Financial Centre after the divestment of a 20 percent stake in December and from Bugis Junction Towers.
Suntec REIT and SingHaiyi Group
Financial institution UBS has fully pre-leased the office component of the 9 Penang Road project, Suntec REIT and its joint venture partners, Haiyi Holdings and SingHaiyi Group, said in a filing to SGX mid-day Wednesday.
BreadTalk said on Wednesday that it has established a S$500 million multicurrency medium term note program.
The net proceeds from the issue of notes under the program may be used for general corporate purposes, including refinancing existing borrowings, and financing capital expenditure and general working capital, BreadTalk said in a filing to SGX after the market close on Wednesday.
OCBC and Standard Chartered Bank will act as arrangers and OCBC, Standard Chartered Bank (Singapore) and Standard Chartered Bank will act as dealers for the program, the filing said.
Sunpower Group said on Wednesday it has received complaints believed to be filed by America 2030 Capital and America2030 LLC against the company, certain directors and managers and other companies and individuals for alleged defamation.
China Everbright Water
China Everbright Water said on Wednesday that it has received approval-in-principle from the listing committee of the Stock Exchange of Hong Kong for a dual listing in Hong Kong.
However, the company highlighted that the potential Hong Kong listing was still subject to conditions, including final approval, and there was no assurance that would be granted.
In addition, China Everbright Water said in the filing to SGX on Wednesday that the public offering for the Hong Kong listing woudl be subject to then-prevailing market conditions.
“There is no certainty that the proposed SEHK listing and the global ffering will eventually materialize,” the company said.
Cache Logistics Trust
Cache Logistics Trust said on Wednesday that Singapore tax authorities have said that around S$7.4 million of the S$8.2 million the REIT received in a dispute over the 51 Alps Avenue property qualifies for tax transparency, or will be untaxed, with the remainder subject to tax.
The S$7.4 million is a rental shortfall amount, it said in a filing to SGX after the market close on Wednesday. Around S$2.9 million is expected to be distributed to unitholders with the second quarter distributions, it said.
Iconic ornamental fish breeder Qian Hu reported on Wednesday its net profit for the first quarter rose 5.7 percent on-year to S$37,000 despite continued fierce competition in the dragon fish segment.
Soilbuild Business Space REIT
Soilbuild Business Space REIT reported on Wednesday its first quarter net property income rose 7.7 percent on-year to S$18.29 million, mainly on the conversion of Solaris into a multi-tenanted property and contributions from two Australia properties.
DeClout said on Wednesday that its shares will be delisted from SGX with effect on 22 April, with the compulsory acquisition of the shares expected to be completed on 18 April.
Oil and gas engineering company PEC said on Wednesday it obtained S$103 million worth of new contracts in Asia with existing clients.
Two of the contracts are for engineering, procurement and construction for two storage facilities in Singapore and Malaysia, while the third contract is for mechanical and civil works for an upgrading project in East Malaysia, PEC said in a filing to SGX after the market close on Wednesday.
“Investments in refining and petrochemical projects are expected to come onstream in Asia and the Middle East in the next five years. While we are cautiously optimistic of the near-term outlook, we will continue to exercise prudence in our bidding, focusing on key Asia and Middle East markets and on enhancing our capabilities,” Robert Dompeling, PEC’s CEO, said in the statement.
The contracts are expected to contribute positively to earnings for the financial year ending 30 June, the filing said.
Interra Resources said on Wednesday its 60 percent-owned joint venture entity Goldpetrol has completed development well YNG 3274 in the Yenangyaung oil field in Myanmar as an oil producer.
YNG 3274 has been completed over 12 reservoirs for 10 barrels of oil a day, Interra said in a filing to SGX after the market close on Wednesday.