Singapore stocks to watch Thursday: Astrea V, Fortune REIT, Yanlord Land, YuuZoo

Hong Kong currency notesHong Kong currency notes

These are Singapore companies which may be in focus Thursday, 20 June 2019:

Temasek-linked Astrea V

The S$180 million retail offering of the Astrea V class A-1 bonds was 4.5 times subscribed, with almost S$820 million in valid applications from 30,816 applicants by the offer’s close Tuesday, Astrea V and Azalea Investment Management said in a statement Wednesday.

Read more: Temasek-tied Astrea V Class A-1 bonds’ retail offering meets strong demand

Fortune REIT

Fortune REIT intends to delist its secondary listing on the Singapore Exchange while remaining listed in Hong Kong, the REIT’s manager, ARA Asset Management (Fortune), said in a filing to SGX Wednesday.

Read more: Fortune REIT intends to delist from SGX

Yanlord Land

Yanlord Land’s Shenzhen development, Yanlord Four Seasons Gardens, sold 283 out of 323 apartment units launched on its opening weekend, with total pre-sales at around 1.34 billion yuan (S$265.39 million or US$194.09 million), the Chinese property developer said Wednesday.

Read more: Yanlord’s Shenzhen development presales at 1.34 billion yuan on opening weekend

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YuuZoo said Wednesday a foreign investor acquired a 2.91 percent stake in its streaming video subsidiary, YuuFlix, for US$3 million, implying a US$100 million valuation for the unit.

After YuuZoo’s investment in French DVD distributor Cinram France fell through due to the Singapore-listed company’s share suspension, YuuFlix has focused on local independent content, YuuZoo said in a filing to SGX.

YuuFlix’s platform allows customers to buy and view content under several usage models, including subscription, advertising-supported and single-content downloads, the filing said.

Read more about YuuZoo.

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