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.
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.
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.
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.
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