This article was originally published Monday, 27 May 2019 at 23:26 SGT; it has since been updated to include Frasers Centrepoint Trust and an additional item on China Everbright Water.
These are Singapore companies which may be in focus on Tuesday, 28 May 2019:
Singapore Exchange launched Monday the industry’s first options contract on TSR 20 rubber, called the SGX SICOM TSR 20, as a risk-management tool.
Keppel REIT has completed the acquisition of a 99.38 percent interest in T Tower, located in Seoul, South Korea, the REIT said in a filing to SGX Monday.
It added that around S$157.02 million of the proceeds from its S$200 million 1.90 percent convertible bonds due 2024 was used to fund the acquisition. Around S$40.43 million of the proceeds was used to refinance existing debt and for general corporate and working capital purposes, Keppel REIT said.
China Everbright Water
China Everbright Water landed the Zhejiang Tongxiang West Area Drinking Water Sources Protection public-private partnership (PPP) project, which requires an investment of around 1.253 billion yuan (S$249.71 million or US$181.64 million).
China Everbright Water
China Everbright Water obtained Nanjing Industrial Waste Water Project Phase II, which requires an investment of around 859 million yuan (S$171.17 million or US$124.52 million), the company said in an SGX filing Monday.
Citic Envirotech said Monday it appointed Chong Weng Chiew as an executive director responsible for corporate affairs, including investor relations and corporate finance.
Chong has been an executive vice president at the company since 2015, and was an executive director at United Envirotech from 2012 to 2015, the company said in a filing to SGX.
In a separate filing, the company said Zhang Yong has ceased to be an executive director due to the re-assignment of work portfolio.
Frasers Centrepoint Trust
Frasers Centrepoint Trust said Tuesday that 155.18 million new units from its private placement will be issued and will begin trading Tuesday.
Infrastructure engineering group Boustead Singapore reported Monday its fiscal fourth quarter net profit edged up 2 percent on-year to S$7.8 million on gross margin pressure, a higher impairment loss on financial assets, overhead expenses and the share of losses of associated companies and joint ventures.
Property developer Bukit Sembawang reported Monday it swung to a fiscal fourth quarter loss after tax of S$11.55 million, from a year-earlier S$21.96 million profit after tax, amid higher expenses and an impairment loss.
Challenger Technologies said Monday it was in the process of getting a response to its application to SGX to delist its shares, and it expected to send the delisting circular and exit offer letter on 12 June. The expected closing date is 11 July, Challenger said in a filing to SGX.
Vividthree reported Monday its fiscal fourth quarter net profit jumped to S$1.5 million, up more than 20-fold from S$60,000 in the year-ago period, on its Train to Busan virtual reality tour (TTB VR) show.
TEE International requested a trading halt Monday, pending the release of an announcement.
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