UPDATE: Singapore stocks to watch Tuesday: SembMarine, Temasek, Frasers Property, Prime US REIT

SGX building on Shenton Way in SingaporeSGX building on Shenton Way in Singapore

This article was originally published Tuesday, 9 July 2019 at 1:53 A.M. SGT; it has since been updated to include CapitaLand, Sembcorp Industries and Singapore Exchange.

These are Singapore companies which may be in focus on Tuesday, 9 July 2019:

CapitaLand and Sembcorp Industries

CapitaLand entered a tie-up with Sembcorp Industries to install rooftop solar farms with 21,240 panels on six of the developer’s properties by the end of this year, the two companies said in filings to SGX before the market open Tuesday.

Read more: CapitaLand ties up with Sembcorp to install rooftop solar farms at six properties

Singapore Exchange

Singapore Exchange has made a strategic investment in Singapore-based investment-research platform Smartkarma, the exchange said in a press release Tuesday.

Read more: SGX makes strategic investment in fintech Smartkarma

Sembcorp Marine

Sembcorp Marine said Monday it lodged a suspicious transaction report with the Commercial Affairs Department of the Singapore Police Force over the activities of Martin Cheah Kok Choon during the time he was employed as president of the company’s Brazilian subsidiary.

Read more: SembMarine: Filed suspicious transaction report over former Brazil subsidiary president

Temasek

Singapore state-owned investment company Temasek Holdings‘ portfolio likely walked back some of fiscal 2018’s surge to a record high of S$308 billion.

Read more: Temasek portfolio likely shrank in fiscal year

Frasers Property and Frasers Logistics Trust

Frasers Property plans to create a strategic business unit to combine its industrial and logistics operations in Australia and Europe as well as asset and property management related to Singapore-listed Frasers Logistics & Industrial Trust, the property company said Monday.

Read more: Frasers Property to create industrial and logistics operating platform

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Frasers Hospitality Trust

Frasers Hospitality Trust said Monday it is in talks with unnamed parties over a potential sale of the Sofitel Sydney Wentworth.

Read more: Frasers Hospitality Trust: In talks over potential sale of Sofitel Sydney Wentworth

Prime US REIT

Prime US REIT has filed for a Singapore IPO to raise US$813 million, making it the largest new offering on SGX so far this year, KBS US Prime Property Management, the REIT’s manger, said in a statement Monday

Read more: Prime US REIT launches Singapore IPO to raise US$813 million

Astrea III bonds

Temasek-tied Astrea III fully redeemed its class A-1 notes Monday, the scheduled maturity date for the three-year notes, Azalea and Astrea said in a filing to SGX Monday.

Read more: Temasek-tied Astrea III bonds fully redeemed, with bonus paid

Cromwell European REIT

UBS Group AG ceased to be a substantial shareholder of Cromwell European REIT, with its deemed interest dropping to 4.62 percent, below the 5 percent threshold, from 7.2 percent previously, the bank said in a filing to SGX after the market close Monday.

That was after the disposal of 65.04 million units in an off-market transaction, the filing said.

UBS Group is deemed interested in the units due to the ability of it and/or its subsidiaries/affiliates to exercise voting discretion and to acquire and dispose of the units, the filing said.

Read more about Cromwell European REIT.

MeGroup

MeGroup was issued a letter of appointment (LOA) from the official distributor of Ford automobiles in Malaysia, Sime Darby Auto Connexion, to operate its first Ford dealership, the Singapore-listed company said in a filing to SGX Monday.

Read more: MeGroup obtains first Ford dealership in deal with Sime Darby

800 Super Holdings

KKR-tied 8S Capital Holdings’ S$0.90 a share bid to take over and delist environmental services provider 800 Super Holdings has received acceptances representing around 96.24 percent of shares at the offer’s close Monday, the offeror said in a filing to SGX.

8S Capital plans to compulsorily acquire the remaining shares and delist the company, the filing said.

On Tuesday, 800 Super requested a mandatory suspension of its shares.

Read more about 800 Super Holdings.

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Lian Beng Group

Lian Beng Group’s 60 percent owned subsidiary, United Tec Construction, obtained a S$234.7 million contract to build a fresh food distribution center for supermarket operator NTUC Fairprice, the company said in a filing to SGX Monday.

The project is for a seven-storey ramp-up building, including a 40-meter-high automatic storage and retrieval system, multi-temperature cold rooms and ancillary offices, the filing said. Construction is set to begin in August and be completed by July 2021, the filing said.

As of Monday, Lian Beng’s order book was at s$1.5 billion, the filing said.

Read more about Lian Beng Group.

iFast Corp.

IFast Corp. said Monday it increased its stake in its associate company, iFast India Holdings, to 34.31 percent from 30.96 percent by acquiring 2.22 million shares from the company’s controlling shareholder, SPH Invest, for S$332,305, or S$0.15 a share.

The share purchase was financed with IPO proceeds, iFast said in a filing to SGX.

“The group believes this additional investment in India business is in line with the group’s strategy to tap on India’s potential strategic role,” the filing said.

Read more about iFast Corp.

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