UPDATE: Singapore stocks to watch Wednesday: FLT, SembMarine, ThaiBev, Yanlord, Ascott REIT

Singapore shipyards in Tuas areaSingapore shipyards in Tuas area

This article was originally published Wednesday, 3 July 2019 at 1:08 A.M. SGT; it has since been updated to include Frasers Property, Frasers Logistics & Industrial Trust, Ascott Residence Trust, Ascendas Hospitality Trust and Sembcorp Marine.

These are Singapore companies which may be in focus on Wednesday, 3 July 2019:

Frasers Property and Frasers Logistics Trust

Frasers Logistics & Industrial Trust entered a deal to acquire nine logistics properties in Germany and three in Australia from Frasers Property for A$644.7 million, or around S$612.5 million, the trust and developer said in filings to SGX before the market open Wednesday.

Read more: Frasers Logistics Trust to acquire 12 properties from Frasers Property

Ascott Residence Trust and Ascendas Hospitality Trust

Ascott Residence Trust and Ascendas Hospitality Trust have entered a deal to combine into what would become the largest hospitality trust in the Asia Pacific region with an asset value of S$7.6 billion, the trusts said in filing to SGX Wednesday.

Read more: Ascott Residence Trust and Ascendas Hospitality to merge

Sembcorp Marine

Sembcorp Marine said Wednesday Brazilian authorities executed a search warrant on a Brazilian subsidiary, Estaleiro Jurong Aracruz Ltda, or EJA, as part of the Operacao Lava Jato, or Operation Car Wash, corruption investigation.

Read more: Sembcorp Marine: Brazil authorities execute search warrant on subsidiary

Thai Beverage

Thai Beverage’s indirect subsidiary, Asiaeuro International Beverage (Guangdong), or AIB (GD), has acquired all of Dongguan LiTeng Foods, a China-based coffee bean processor, the Chang beer maker said in a filing to SGX Tuesday.

Read more: Thai Beverage acquires coffee bean processor Dongguan LiTeng

Yanlord Land

Yanlord Land sold all 357 units available at its Yanlord Gardens project on the launch day, with total presales of around 1.43 billion yuan (S$282.16 million or US$207.99 million), the China property developer said in a filing to SGX Tuesday.

Read more: Sold out! Yanlord sells all available Yanlord Gardens units on launch day

Sunpower

The Kendari-3 2 X 50 megawatt coal-fired power plant designed by Sunpower Group subsidiary Yangguang Engineering Design Institute was successfully connected to the grid in Indonesia, Sunpower said in a filing to SGX Tuesday.

Read more: Sunpower connects Indonesia coal-fired plant to grid

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No Signboard Holdings

No Signboard Holdings said Tuesday it appointed Nexia TS Public Accounting Corp. as an independent reviewer, after consulting with SGX RegCo and the company’s sponsor.

Read more: No Signboard appoints independent reviewer to meet SGX RegCo directive

Pine Capital Group

Lee Peck Huat ceased to be a substantial shareholder of Pine Capital Group, selling his entire 5.017 percent stake, or 333.33 million shares, for S$666,667 in a market transaction, it said in a filing to SGX Tuesday.

The shares had been acquired in a placement by Pine Capital in September 2018 for S$300,000; Lee was a private investor with no material previous relationship with Pine Capital, an SGX filing at the time said.

Read more about Pine Capital.

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