UPDATE: Singapore stocks to watch Monday: Indofood Agri, SGX, Ascendas India Trust, BreadTalk, Hyflux

Stock ticker at SGX building on Shenton Way; taken October 2018.Stock ticker at SGX building.

This article was originally published on Friday, 14 June 2019 at 21:09 SGT; it has since been updated to include Hyflux, ESR-REIT and Allied Technologies.

These are Singapore companies which may be in focus on Monday, 17 June 2019:

Indofood Agri

Indofood Sukses Makmur’s S$0.3275 a share takeover bid for Indofood Agri Resources is “not fair but reasonable,” Novus Corporate Finance, the independent financial adviser for recommending directors, has said.

Read more: Financial Adviser: Indofood Agri takeover bid ‘not fair but reasonable’

Singapore Exchange

Singapore Exchange said Friday DA Financial Services (S), a subsidiary of DA International Financial Services (Hong Kong), became a trading member of its derivatives market, bring the total number of trading members to 62.

“Becoming an SGX-DT Trading Member paves the way for a closer partnership and collaboration between DA and SGX. This will allow our clientele to have a more comprehensive trading experience that is backed by the robust foundation of SGX,” Ge Xin Qiang, chairman and executive director of DA Financial Services (S), said in the statement.

Michael Syn, SGX’s head of derivatives, said the addition extended its distribution network in Greater China.

Read more about Singapore Exchange.

Ascendas India Trust

Ascendas India Trust entered a deal to acquire BlueRidge 3, an IT/ITES special economic zone development located at Hinjewadi, Pune, from Nalanda Shelter Private Limited (NSPL) and Brickmix Developers Private Limited (BDPL), the trust said in a filing to SGX Friday.

Read more: Ascendas India Trust enters deal to acquire BlueRidge 3 project under development

Hyflux

Hyflux has received another non-binding letter of intent for a potential investment in the troubled water infrastructure player, with preliminary due diligence underway, the Singapore-listed company said in a filing to SGX late Friday.

Read more: Hyflux receives new non-binding offer for potential investment

ESR-REIT

ESR-REIT requested a trading halt Monday, pending the release of announcements.

Read more about ESR-REIT.

Yanlord Land

Yanlord Land’s wholly owned subsidiary Suzhou Peninsula Yanlord Real Estate sold its 100 percent interest in Suzhou Rendao Enterprise Management to an unrelated party for 9.25 million yuan (S$1.83 million or US$1.34 million) in cash, the China property developer said in a filing to SGX Friday.

Read more: Yanlord Land sells Suzhou Rendao Enterprise for around 9 million yuan

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BreadTalk

BreadTalk launched the first Wu Pao Chun Bakery outlet in Singapore, with a Capitol Singapore location, the bun maker said in a filing to SGX Friday.

Read more: BreadTalk launches first Wu Pao Chun Bakery outlet in Singapore

Allied Technologies

Allied Technologies said Friday it appointed PricewaterhouseCoopers Risk Services as special auditor to investigate its ABO acquisition, the use of funds raised by share placements, the placement of funds in escrow at JLC and the company’s corporate governance.

The special auditor will report only to SGX RegCo on the scope and findings of the special audit, Allied Tech said in a filing to SGX

Read more about Allied Technologies.

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