This article was originally published on Wednesday, 17 July 2019 at 12:37 A.M. SGT; it has since been updated to include CapitaLand Commercial Trust and Frasers Property.
These are Singapore companies which may be in focus on Wednesday, 17 July 2019:
CapitaLand Commercial Trust
CapitaLand Commercial Trust reported Wednesday its second quarter net property income increased 0.8 percent on-year to S$78.38 million, bolstered by the acquisition of Gallileo. The result missed a forecast from Daiwa.
The trust also said it entered a deal to acquire 94.9 percent of Main Airport Center (MAC) in Frankfurt from CapitaLand and Lum Chang Holdings for 251.5 million euros, or around S$387.1 million
In addition, co-working space provider WeWork entered an agreement to lease all of the 21 Collyer Quay property from CapitaLand Commercial Trust.
Keppel Offshore & Marine has obtained contracts worth around S$130 million from repeat customers for a newbuild dredger and to modify a floating production storage and offloading vessel, the rigbuilder said in a filing to SGX Tuesday.
Frasers Property secured a A$750 million five-year term loan, including a A$500 million (S$715.33 million) five-year green loan tranche with a reduced pricing structure, the developer said in a filing to SGX Wednesday.
Keppel-KBS US REIT
Keppel-KBS US REIT, or KORE, reported Tuesday its second quarter net property income was US$17.99 million, up 30.4 percent from the year-ago period on two acquisitions: the Westpark Portfolio in Washington state in November 2018 and Maitland Promenade I in Florida in January 2019.
Keppel DC REIT
Keppel DC REIT reported second quarter net property income rose 13.6 percent on-year to S$43.26 million, getting a boost from the acquisitions of maincubes Data Centre in Offenbach am Main, Germany, and Keppel DC Singapore 5 in 2018.
Prime US REIT
PRIME US REIT has received valid applications for 42.37 million units in its balloting exercise ahead of its IPO, the REIT manager said in a filing to SGX Tuesday.
“Given the strong demand from retail investors, the manager, in consultation with the joint bookrunners and underwriters, has fixed the number of units under the Singapore public offer at 40,909,000 units,” the filing said.
The units are expected to begin trading on Friday, 19 July, the filing said.
Yangzijiang Shipbuilding has completed the acquisition of Singapore-based Odfjell Terminals China Holding for US$46.23 million, the shipbuilder said in a filing to SGX Tuesday.
Maxi-Cash Financial Services
Maxi-Cash Financial Services said Tuesday it plans to issue an additional S$23.5 million of 6.35 percent notes due 2022 after receiving interest from its investors, including certain directors and/or controlling shareholders.
JUMBO Group has opened its first franchised JUMBO Seafood outlet in Seoul’s Gangnam district, the iconic chili crab restaurateur said in a filing to SGX Tuesday.
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