These are Singapore companies which may be in focus on Tuesday, 27 August 2019: ST Engineering, Ascott Residence Trust, Keppel Infrastructure Trust and Sunpower Group.
This article was originally published on Tuesday, 27 August 2019 at 12:55 A.M. SGT; it has since been updated to include Hyflux and StarHub.
U.A.E.-based infrastructure player Utico FZC said early Tuesday it has signed a restructuring agreement to take an 88 percent stake in troubled Hyflux.
ST Engineering’s subsidiary ST Engineering North America set up a US$1.5 billion U.S. commercial note program, the company said in a filing to SGX Monday.
Ascott Residence Trust
Ascott Residence Trust priced an issue of S$150 million in fixed-rate perpetual securities at 3.88 percent, the trust’s manager said in a filing to SGX Monday.
Keppel Infrastructure Trust
Basslink identified a failure in its low voltage cable believed to have caused the direct current protection system to trip on Saturday, taking the interconnector offline until mid-October, the company, which is part of Keppel Infrastructure Trust’s portfolio, said Monday.
StarHub signed a memorandum of understanding with China’s three leading internet service providers (ISPs) — China Mobile, China Unicom and China Telecom — to boost data connectivity between Singapore and Chongqing, the Singapore telco said Monday.
Sunpower Group obtained 65.5 million yuan (S$12.73 million or US$9.17 million) of manufacturing and services contracts with PSS Netherlands B.V., the Singapore-listed company said in a filing to SGX Monday.
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