UPDATE: Singapore stocks to watch Tuesday: CapitaLand, Thakral, Raffles United, OUE Lippo Healthcare

Stock ticker at SGX building on Shenton Way; taken October 2018.Stock ticker at SGX building.

This article was originally published on Tuesday, 2 July 2019 at 12:56 A.M. SGT; it has since been updated to include Cromwell European REIT, Frasers Property and Frasers Centrepoint Trust.

These are Singapore companies which may be in focus on Tuesday, 2 July 2019:

CapitaLand

CapitaLand entered a deal to divest its entire 24.09 percent stake in Hong Kong-listed Central China Real Estate (CCRE) to Joy Bright Investments, an existing CCRE shareholder, for HK$2.83 billion, or around S$496 million, the Singapore-listed developer said in a filing to SGX Monday.

Read more: CapitaLand to divest 24 percent stake in Central China Real Estate for around S$496 million

Thakral

Thakral has acquired the 10-storey Nikke Yotsubashi Building in Osaka, bringing the Singapore-listed company’s portfolio of Japan real estate investments to 11 properties, it said in a filing to SGX Monday.

Read more: Thakral acquires Osaka office property

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Frasers Property and Frasers Centrepoint Trust

Frasers Centrepoint Trust and Frasers Property saw their stakes in Tiong Bahru-plaza owner PGIM Real Estate AsaiRetail Fund rise after 58,126 shares in the fund were redeemed, it said in filings to SGX before the market open Tuesday.

Frasers Centrepoint Trust’s stake in the fund rose to around 21.13 percent from 18.80 percent, while Frasers Property’s stake increased to 53.74 percent from 47.82 percent, the SGX filings said.

Read more about Frasers Centrepoint Trust and Frasers Property.

Cromwell European REIT

Cromwell European REIT issued 326.09 million new units at 0.46 euro (S$0.70 or US$0.52) each in connection with a private placement and the units will being trading on SGX Tuesday, the REIT said in a filing to SGX.

Read more about Cromwell European REIT.

Raffles United

Raffles Infinity Holdings, a special purpose vehicle, plans to make a mandatory unconditional cash offer for all of Raffles United’s shares at S$0.065 each, the offerer said in a filing to SGX Monday.

Read more: Raffles United receives takeover bid from Raffles Infinity Holdings

OUE Lippo Healthcare

OUE Lippo Healthcare said Monday it tapped Yik Yen Shan Vincent as chief financial officer, effective Monday.

Yik joined Far East Orchard as CFO in February 2012, and was then appointed chief operating officer of Australia properties for the Far East Organization in January 2014, OUE LIppo Healthcare said in a filing to SGX.

Read more about OUE Lippo Healthcare.

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