UPDATE: Singapore stocks to watch Thursday: Frasers Centrepoint Trust, CapitaLand, SGX, KIT

Tiong Bahru Plaza entrance with BreadTalk outletTiong Bahru Plaza entrance with BreadTalk outlet

This article was originally published on Wednesday, 12 June 2019 at 21:02 SGT; it has since been updated to include Frasers Centrepoint Trust. 

These are Singapore companies which may be in focus Thursday, 13 June 2019:

Frasers Centrepoint Trust

Frasers Centrepoint Trust’s preferential offering of new units received valid acceptances and excess applications for 56.74 million units, or around 196.9 percent of the total available, the trust said in a filing to SGX Wednesday.

Read more: Frasers Centrepoint Trust preferential offering meets solid demand


CapitaLand established a new indirect subsidiary in China, Ningbo Chuang Yuan Technology Development (NCYT), for software and network technique development and management and consultancy services, the property developer said in a filing to SGX Wednesday.

NCYT will have registered share capital of 120 million yuan, or around S$24 million, the filing said.

Ningbo Zhongxin Innov Park Development (NZXIP), a 95 percent owned subsidiary of CapitaLand, will hold all of NCYT, CapitaLand said.

Read more about CapitaLand.

Singapore Exchange

Singapore Exchange increased its investment in wholly owned subsidiary Asian Gateway Investments by issuing 4.11 million new shares at S$1 each for a total capital injection of S$4.11 million, the exchange said in a statement Wednesday.

That increased the share capital of AGI to S$269.04 million from S$264.93 million, the statement said, adding the funds would be used for additional working capital.

Read more about Singapore Exchange.

Keppel Infrastructure Trust

Keppel Infrastructure Trust said Wednesday it issued S$200 million 4.75 percent subordinated perpetual securities as series 001 under its S$1 billion multicurrency debt issuance program.

The Singapore Exchange Securities Trading has given approval-in-principle for the listing and quotation of the series 001 securities, with admission to the official list set for Thursday, KIT said in a filing to SGX.

OCBC was the sole lead manager and bookrunner for the series 001 notes, the filing said.

Read more about Keppel Infrastructure Trust.

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Bukit Sembawang Estates

Standard Life Aberdeen and its subsidiaries Aberdeen Asset Management and Aberdeen Standard Investments (Asia) ceased to be substantial shareholders of Bukit Sembawang Estates after their deemed interest fell below the 5 percent threshold to 4.9206 percent, from 5.0423 percent previously, it said in a filing to SGX Wednesday.

That was after the disposal of 315,000 shares for S$1.75 million, the filing said.

Read more about Bukit Sembawang Estates.

Aspial Corp.

Aspial Corp. said Wednesday it has fully redeemed the outstanding S$62.75 million of 5.05 percent series 003 notes due 2019 issued under its S$700 million multicurrency debt issuance program.

The notes, which matured Wednesday, will be cancelled in their entirety, Aspial said in a filing to SGX.

Read more about Aspial Corp.

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