Singapore stocks to watch Tuesday: City Developments, Wilmar, CRCT, Sim Leisure

City Developments building and Lau Pa Sat food court in Singapore’s central business district (CBD); taken October 2018.City Developments building and Lau Pa Sat food court in Singapore’s central business district (CBD).

These are Singapore companies which may be in focus on Tuesday, 25 June 2019:

City Developments

City Developments increased its stake in IREIT Global to 12.486 percent from 12.41 percent after acquiring another 640,045 units from IREIT Global Group (IGG) for S$465,889, the developer said in a filing to SGX Monday.

Read more: City Developments increases stake in IREIT Global

Wilmar

Wilmar said Monday it formed two subsidiaries in China: Yihai Kerry (Qingdao) Oils & Grains Industries and Yihai Kerry (Qingdao) Flavor Oils.

Yihai Kerry (Qingdao) Oils & Grains Industries, or YK Qingdao, is a direct, wholly owned subsidiary of Wilmar Trading (China), which is wholly owned by Yihai Kerry Arawana Holdings (YKA), which in turn is 99.99 percent owned by Wilmar, the commodity company said in a filing to SGX.

YK Qingdao, which has registered capital of US$49 million, will engage in refining, fractionation and packaging of edible oils, Wilmar said.

Yihai Kerry (Qingdao) Flavor Oils, which is a wholly owned subsidiary of Wilmar Trading (China), will have registered capital of US$43 million and will engage in processing peanuts and sesame, the filing said.

Read more about Wilmar.

CapitaLand Retail China Trust

Prudential Corp. Asia increased its deemed interest in CapitaLand Retail China Trust to 6.10988 percent from 5.81221 percent previously after the acquisition of 2.97 million units at S$1.5385 each, it said in a filing to SGX after the market close Monday.

The deemed interest is due to units under management by Prudential Corp. Asia’s subsidiaries as fund managers, the filing said.

Read more about CapitaLand Retail China Trust.

Follow Shenton Wire on Telegram to receive alerts on your phone

Sim Leisure Group

Theme park developer Sim Leisure Group said Monday its Penang-based ESCAPE park will set the Guinness World Record for the longest water slide when the 1,140 meter-long attraction is completed in July; the current record holder is Action Park in New Jersey, with a 602-meter slide.

The new attraction will have an elevation of 70 meters at the launch tower set in a forested area, with the ride set to last around four minutes, Sim Leisure said in a filing to SGX.

The construction area does not involve any heavy machinery, with the work carried out manually, to preserve the environment, the filing said.

International Cement

International Cement’s proposed acquisition of Namibia-based SCHWENK Namibia failed to receive approval from SGX as a very substantial acquisition (VSA), the Singapore-listed company said in a filing to SGX Monday.

Read more: International Cement: SGX did not approve acquisition of SCHWENK Namibia

While you’re here, we’re hoping you can help us out.

Shenton Wire has been providing you with quick news and market analysis. But we need your support to continue to bring you the news you’ve come to expect and to expand our reach beyond Singapore.

Your monthly contribution will directly fund our journalism.

S$2     S$4       S$8

S$18       S$28       S$88

You can check your existing account here. You can also contact us about other contribution levels or for corporate subscriptions and syndication queries.