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.
Singapore Exchange has made a strategic investment in Singapore-based investment-research platform Smartkarma, the exchange said in a press release Tuesday.
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.
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.
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.
Frasers Hospitality Trust
Frasers Hospitality Trust said Monday it is in talks with unnamed parties over a potential sale of the 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
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.
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.
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.
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.
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.
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.
While you’re here, we’re hoping you can help us out.
Shenton Wire has been providing you with quick news and market analysis. But we need your support to continue to bring you the news you’ve come to expect and to expand our reach beyond Singapore.
Your monthly contribution will directly fund our journalism.
You can check your existing account here. You can also contact us about other contribution levels or for corporate subscriptions and syndication queries.