UPDATE: Singapore stocks to watch Wednesday: Indofood Agri, CapitaLand, Frasers Commercial

CapitaLand’s Funan mall in SingaporeCapitaLand’s Funan mall in Singapore

This article was originally published Wednesday, 26 June 2019 at 12:12 A.M. SGT; it has since been updated to include ESR-REIT.

These are Singapore companies which may be in focus on Wednesday, 26 June 2019:

Indofood Agri

Indofood Sukses Makmur’s takeover bid for Indofood Agri lapsed Tuesday after failing to get enough shareholder acceptances to reach an at least 90 percent stake, CIMB Bank said on behalf of the Indonesia-listed company in a filing to SGX after the market close.

Read more: Takeover bid for Indofood Agri lapses without conditions being met

CapitaLand and CapitaLand Mall Trust

Newly redeveloped Funan mall reached 95 percent committed occupancy ahead of its opening Friday, with more than 190 brands among the tenants, CapitaLand and CapitaLand Mall Trust said in a filing to SGX Tuesday.

Read more: CapitaLand’s Funan mall reaches 95 percent occupancy before opening

Frasers Commercial Trust

Frasers Commercial Trust has entered a lease agreement with Google Asia Pacific for space at Alexandra Technopark, the trust said in a filing to SGX after the market close Tuesday.

Read more: Google leases space at Frasers Commercial Trust property

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ESR-REIT siad the 194.17 million new units it issued in its private placement will begin trading Wednesday.

The placement raised around S$100 million, and the REIT plans to raise another S$50 million in a preferential offering to unitholders, ESR-REIT said in a filing to SGX before the market open.

Read more about ESR-REIT.

Hutchison Port Holdings Trust

Hutchison Port Holdings Management, the trustee-manager of Hutchison Port Holdings Trust, or HPHT, said Tuesday Yim Lui Fai Gerry will retire as CEO of the trustee-manager, effective 13 July.

The trustee-manager said it tapped Lam Hing Man as Yim’s successor.

Lam is currently the managing director of Yantian International Container Terminals, Yantian International Container Terminals (Phase III) Limited and Shenzhen Yantian West Port Terminals, the trustee-manager said in a filing to SGX.

Read more about Hutchison Port Holdings Trust.

Oxley Holdings

Oxley Holdings said Tuesday it has acquired a 40 percent stake in Malaysia-based Aspen Vision Homes for 20 million ringgit (S$6.54 million or US$4.83 million).

Read more: Oxley acquires 40 percent of Malaysia-based Aspen Vision Homes


Virtual reality player Vividthree subscribed for up to S$1.5 million convertible notes from Over The Top (OTT) streaming platform company XMI Group, the Singapore-listed company said in a filing to SGX Tuesday.

Read more: Vividthree invests in OTT streaming platform provider XMI

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