UPDATE: Singapore stocks to watch Friday: TEE International, TEE Land, Challenger, Roxy-Pacific

Singapore street scene at Duxton HillSingapore street scene at Duxton Hill

This article was originally published Friday, 28 June 2019 at 1:23 A.M. SGT; it has since been updated to include Raffles United and Hupsteel.

These are Singapore companies which may be in focus on Friday, 28 June 2019:

TEE International and TEE Land

TEE International said Thursday discussions with Top Capital Securities over extending the completion date for selling a TEE Land stake have ceased.

Read more: TEE International ends talks with Top Capital on TEE Land stake

Challenger Technologies

Digileap Capital’s offer to acquire Challenger Technologies’ shares and delist the company from Singapore Exchange has lapsed after failing to obtain shareholder approval, the offerer said in a filing to SGX Thursday.

Read more: Challenger exit offer and delisting proposal lapse after failing to get shareholder OK


Roxy-Pacific Holdings has entered into a joint venture called Nigella SG to acquire a retail building in Ginza, Chuo-ku, in Tokyo, Japan, for 6 billion yen, or around S$75.73 million, the Singapore-listed property company said in a filing to SGX Thursday.

Read more: Roxy-Pacific joint venture enters deal to acquire Tokyo retail building for S$76 million

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Cromwell European REIT

UBS Group became a substantial shareholder of Cromwell European REIT, with its deemed interest rising to 8.1 percent from 3.49 percent previously, the Swiss bank said in a filing to SGX Thursday.

That was after the acquisition of 101.38 million units, the filing said.

Read more about Cromwell European REIT.

Trading Halts

Raffles United requested a trading halt Friday before the market open pending an announcement.

Separately, Hupsteel requested a trading halt before the market open pending an announcement.

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