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.
Read more: CapitaLand to divest three China malls to CRCT for S$589 million
Singapore Exchange
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.
Read more: Singapore Exchange: US-China trade war spurred surge in May derivatives trading
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).
Read more: China Jinjiang Environment controlling shareholders to sell down stakes to Zhejiang Group
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.
Read more: UOB Venture Management to launch second Asia fund for impact investing
Kingsmen Creatives
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.
Read more: Toy giant Hasbro, Kingsmen to expand plans for family entertainment centers in Asia
Ascendas REIT
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.
Read more about Ascendas REIT.
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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.
Read more about Accordia Golf Trust.
APAC Realty
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.
Read more: APAC Realty to invest in UrbanZoom parent for big data-based residential price estimates
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