UPDATE: Singapore stocks to watch Monday: Prime US REIT, CapitaLand, YZJ, SATS, YuuZoo Networks

Top of the CapitaLand building in Singapore’s central business district (CBD); taken September 2018.Top of the CapitaLand building in Singapore’s central business district (CBD); taken September 2018.

This article was originally published on Friday, 19 July 2019 at 22:58 SGT; it has since been updated to add Swiber and an additional item on CapitaLand.

These are Singapore companies which may be in focus on Monday, 22 July 2019:

CapitaLand

CapitaLand sold 160 units, or 80 percent of the 200 units available, at the launch of the One Pearl Bank development in Singapore’s Outram neighborhood, the developer said in a press release Sunday.

Read more: CapitaLand sells 160 units at One Pearl Bank launch

Prime US REIT

Prime US REIT became the latest U.S.-focused REIT to stumble on its trading debut on Singapore Exchange Friday.

The IPO was priced at US$0.88 a unit, or S$1.20 a unit for the Singapore public offer, but it opened Friday’s trade at US$0.865 and closed at the day’s high of US$0.88.

Read more: Prime US REIT IPO stumbles on debut

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CapitaLand

CapitaLand’s wholly owned subsidiary CLC Investment Five transferred all of its holdings of Shanghai Jingyi Industrial (SJYI), Shanghai Rungong Industrial (SRGI) and Shanghai Runrong Industrial (SRRI) to Adventurine Investments Ltd. (AIL) for S$399 million, or around 2.0 billion yuan, the property developer said Friday.

SJYI, SRGI and SRRI together own 100 percent of Shanghai Zhuju Real Estate, which owns the Innov Center office development in Shanghai, CapitaLand said in a filing to SGX.

AIL is a CapitaLand subsidiary via CapitaLand Asia Partners I, a real estate equity fund managed by CapitaLand’s wholly owned subsidiary CapitaLand Fund Management, the filing said.

Read more about CapitaLand.

CapitaLand

CapitaLand said Friday an additional S$18 million was injected into its 65 percent owned subsidiary Southernwood Property (SPPL) via the issue of new shares.

SPPL is the developer of an office site at 79 Robinson Road in Singapore, CapitaLand said in a filing to SGX. The proceeds of the share increase will be used for construction costs, the filing said.

The remaining 35 percent of SPPL is held by MTC Japan Investment, an unrelated party, which also took up its new shares in SPPL, the filing said.

Read more about CapitaLand.

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Yangzijiang Shipbuilding

Yangzijiang Shipbuilding’s wholly owned subsidiary Jiangsu New Yangzi Shipbuilding has disposed of its 95 percent stake in Nanjing Saiyang Equity Investment Enterprise (NSEIE) for 65.55 million yuan, or around S$13.1 million, the shipbuilding said in a filing to SGX Friday.

The disposal was aimed at streamlining the group’s structure and controlling overall administrative expenses, Yangzijiang said.

After the disposal, NSEIE will cease to be a subsidiary of Yangzijiang, the filing said.

Read more about Yangzijiang Shipbuilding.

SATS

SATS China, a wholly owned subsidiary of SATS, has completed its acquisition of 15.26 million shares, or a 45 percent stake, in Nanjing Weizhou Airline Food, the aviation catering company said in a filing to SGX Friday.

Read more about SATS.

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Swiber

Swiber Holdings said Monday it incorporated a new associated company in Mexico called Somex International for the chartering of vessels.

Somex International, which will have initial issued share capital of 200,000 Mexican pesos (S$14,300 or US$10,512), will be 49 percent owned by Swiber, with the remainder held by a Mexican individual, Swiber said in a filing to SGX.

Read more about Swiber.

YuuZoo Networks

The trading suspension of YuuZoo Networks shares will continue, Singapore Exchange Regulation said Friday.

That was in response to YuuZoo Network’s Thursday filing that it has made a second request to SGX RegCo to lift the share trading suspension imposed on its shares in March 2018.

Read more: SGX RegCo: YuuZoo Networks share suspension will continue

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