UPDATE: Singapore stocks to watch Monday: CapitaLand, F&N, Thai Beverage, Wilmar, FHT

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 Sunday, 26 May 2019 at 22:03 SGT; it has since been updated to include CapitaLand.

These are Singapore companies which may be in focus on Monday, 27 May 2019:

CapitaLand

CapitaLand is on track to complete its acquisition of Ascendas-Singbridge, a deal valued at around S$11 billion, by the end of June, and will set up a new executive committee for strategic planning, the property developer said Monday.

Read more: CapitaLand set to complete Ascendas-Singbridge acquisition by end-June

Fraser and Neave and Thai Beverage

Fraser and Neave has injected around S$114.84 million into two joint ventures to facilitate the acquisition of Starbucks Thailand, the beverage maker said in a filing to SGX Friday.

Read more: Fraser and Neave injects nearly S$115 million into JVs for Starbucks Thailand deal

Wilmar

Wilmar has acquired a 5.73 percent economic interest in Pakistan-listed Unity Foods, the agri-business company said in an SGX filing Friday.

Read more: Wilmar acquires 6 percent effective stake in Pakistan’s Unity Foods

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Frasers Hospitality Trust and Frasers Property

The managers of Frasers Hospitality Trust announced Friday that Colin Low will succeed Eu Chin Fen as CEO on 1 July.

Read more: Frasers Hospitality Trust taps Colin Low as new CEO

Pine Capital Group

Pine Capital Group’s subsidiary Advance Capital Partners Asset Management (ACPAM) has begun an action in the High Court against some former directors and employees, the company said in a filing to SGX Wednesday.

Read more: Pine Capital subsidiary ACPAM issues writ of summons to some former directors

 

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