This article was originally published on Monday, 10 June 2019 at 23:31 SGT; it has since been updated to include CapitaLand, CapitaLand Retail China Trust, UOB Venture Management and China Jinjiang Environment.
These are Singapore companies which may be in focus on Tuesday, 11 June 2019:
CapitaLand and CRCT
CapitaLand entered a deal to divest three malls in China to CapitaLand Retail China Trust (CRCT) for 2.86 billion yuan, or around S$589.2 million, the two said in a filing to SGX before the market open Tuesday.
The U.S.-China trade war spurred a surge in demand for derivatives trading in May, with total derivatives traded volume jumping 46 percent on-year to 24.2 million contracts, Singapore Exchange said Monday.
China Jinjiang Environment
China Jinjiang Environment’s controlling shareholders informed the company they planned to sell an around 29.79 percent stake to Zhejiang Energy and Zheneng Capital Holdings for 1.63 billion yuan (S$322.02 million or US$235.82 million).
UOB Venture Management
UOB Venture Management said Monday it will launch a second impact investment private equity fund for Asia later this year, with plans to invest in the region’s education, healthcare and agriculture sectors.
Global toy giant Hasbro is expanding its deal with Kingsmen Creatives to build and operate family entertainment attractions incorporating Hasbro brands including Play-doh, Lite-Brite and TinkerToy across Asia Pacific, the Singapore-listed company said Monday.
Mondrian Investment Partners ceased to be a substantial shareholder of Ascendas REIT after disposing of 11.06 million shares for S$32.43 million in a market transaction, it said in a filing to SGX Monday.
Accordia Golf Trust
Accordia Golf Trust said Monday it had 586,817 players on its courses in May, up 5.4 percent on-year, and up from 520,840 in April.
The utilization rate of the courses was 89.5 percent in May, up 4.6 percentage points on-year, and up from 83.4 percent in April, Accordia Golf Trust said in a filing to SGX.
APAC Realty entered a deal to invest S$1 million in three-year interest-free convertible notes issued by Dots Connected, the parent of UrbanZoom, an online AI-enabled property research platform, the Singapore-listed real estate agency said Monday.
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