UPDATE: Singapore stocks to watch Friday: F&N, ThaiBev, CapitaLand, KIT, ESR, Sabana REIT

Top of the CapitaLand building in Singapore’s central business district (CBD); taken September 2018.Top of the CapitaLand building in Singapore’s central business district (CBD); taken September 2018.

This article was originally published on Friday, 24 May 2019 at 1:18 A.M. SGT; it has since been updated to include CapitaLand and Indofood Agri. 

These are Singapore companies which may be in focus on Friday, 24 May 2019:

CapitaLand

CapitaLand entered a deal to divest its interest in the companies holding Innov Center in Shanghai’s Yangpu District to its discretionary real-estate equity fund, CapitaLand Asia Partners I (CAP I), the developer said in a filing to SGX before the market open Friday.

Read more: CapitaLand to inject two Shanghai office buildings into real-estate equity fund

Temasek

Temasek-tied private equity vehicle Astrea V plans to offer three classes of asset-backed bonds for a total of around US$600 million, or around S$827 million, according to a preliminary prospectus filed with the Monetary Authority of Singapore Wednesday.

Read more: Temasek-tied private equity vehicle Astrea V to offer around US$600 million bonds

Fraser and Neave and Thai Beverage

Fraser and Neave has tied up with Maxim’s Caterers to acquire all of Starbucks Coffee (Thailand) in a move to enter the retail coffee market in Thailand, F&N said Thursday.

Read more: Fraser and Neave ties up with Maxim’s to acquire Starbucks Thailand

Keppel Infrastructure Trust

Keppel Infrastructure Trust said Thursday it established a S$1 billion multicurrency debt issuance program to issue notes and perpetual securities.

Read more: Keppel Infrastructure Trust establishes S$1 billion debt program

UOL Group

UOL Group said Friday it has issued S$200 million in 3.0 percent series 003 notes due 2024, with the notes expected to be listed on SGX on Friday.

Read more: UOL prices S$200 million 3.0 percent notes due 2024

ESR and Sabana REIT

ESR has acquired 9.9 percent of Sabana Shariah Compliant Industrial REIT and 51.0 percent of the REIT’s manager from Vibrant Group, the Asia Pacific logistics real estate company said in a filing to SGX Thursday.

Read more: ESR acquires nearly 10 percent stake in Sabana REIT and most of its manager

 

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ESR

Asia Pacific logistics property company ESR said Thursday it has closed the ESR Japan Logistics Fund 3 (RJLF3) with an initial capacity of capitalize up to 200 billion yen, or around US$1.8 billion, of real estate projects from the ESR development pipeline in Greater Tokyo, Osaka and Nagoya.

The fund includes two partners for total initial equity of 70 billion yen, or around US$630 million, with a commitment expansion option which would raise the total investment capacity to as high as 530 billion yen, or around US$4.8 billion, over time, ESR said in a filing to SGX.

The fund will focus on devleoping large-scale, state-of-the-art logistics facilities, it said.

Read more about ESR.

Indofood Agri

Infofood Sukses Makmur said Friday it has extended the closing date for its takeover bid for Indofood Agri Resources to 25 June from 24 May previously.

Valid acceptances of the offer were around 7.37 percent of Indofood Agri’s shares as of the close of business Thursday, bringing the total held, controlled or agreed to be acquired by Indofood Sukses Makmur to 81.86 percent, it said in a filing to SGX before the market open.

The takeover offer is conditional on getting acceptances totaling at least 90 percent on Indofood Agri’s shares.

Read more about Indofood Agri Resources.

Sunpower Group

Sunpower Group won a 43.56 million yuan (S$8.70 million or US$6.30 million) contract to provide high-efficiency heat exchangers for repeat customer Zhejiang Petrochemical, the company said in a filing to SGX Thursday.

Read more: Sunpower obtains around 44 million yuan contract from Zhejiang Petrochemical

Allied Technologies

Allied Technologies has instructed its legal counsel to lodge a report with the Singapore Police Force over S$33.15 million missing from an escrow account held by Singapore law firm JLC Advisors LLP.

Read more: Allied Tech to file police report over missing S$33 million from escrow account with JLC

 

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