This article was originally published on Thursday, 18 July 2019 at 1:13 A.M. SGT; it has been updated to add Cromwell European REIT. The items on CapitaLand Commercial Trust and Sembcorp Marine have since been updated.
These are Singapore companies which may be in focus on Thursday, 18 July 2019:
United Overseas Bank said Wednesday its Sydney branch plans to issue A$500 million (S$477.57 million or US$351.02 million) of floating rate notes due July 2022 under the Singapore bank’s US$15 billion global medium-term note program.
CapitaLand Commercial Trust
CapitaLand Commercial Trust priced its private placement at S$2.095 a unit, near the top of its range after strong demand, the trust said in an SGX filing Thursday before the market open.
Sembcorp Marine told SGX Thursday it wasn’t aware of any reason not previously announced to explain the jump in its share price Wednesday.
Shares of SembMarine ended Wednesday up 7.86 percent at S$1.51, off the day’s high of S$1.54.
Hyflux said Wednesday it sought clarification from UAE-based Utico FZC after media reports emerged with conflicting valuations for the total deal value for the UAE-based company’s investment.
Cromwell European REIT
Cromwell European REIT said the new units it issued as consideration for its acquisition of three properties in France will begin trading on SGX on Thursday.
The REIT had issued 10.87 million new units to Alix AM Pte., a wholly owned subsidiary of Paryseine Assets, the REIT said in a filing to SGX before the market open Thursday.
The acquisition of the French properties for 80.3 million euros (S$122.68 million or US$90.16 million) was completed Wednesday, Cromwell European REIT said.
Soilbuild Business Space REIT reported Wednesday its second quarter net property income increased 12.8 percent on-year to S$22.36 million, mainly on the conversion of Solaris to a multi-tenanted property and on contributions from two Australia properties.
Fish breeder Qian Hu reported Wednesday its second quarter net profit surged 61.6 percent on-year to S$236,000, despite lower sales of pet fish, amid a boost from its edible fish segment.
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.