UPDATE: Singapore stocks to watch Tuesday: Sunpower, CSE Global, CRCT, Venture, Vividthree

CapitaLand China Trust's 51 percent-owned Rock Square mall, located in Guangzhou in China. Credit: CapitaLand China TrustCapitaLand China Trust's Rock Square mall, located in Guangzhou in China. Credit: CapitaLand China Trust

These are Singapore companies which may be in focus on Tuesday, 3 August 2019: Sunpower Group, CSE Global, CapitaLand Retail China Trust, Venture Corp., Tiong Woon and Vividthree Holdings.

This article was originally published on Tuesday, 3 September 2019 at 12:07 A.M. SGT; it has since been updated to include Soilbuild Business Space REIT and Dasin Retail Trust.

Sunpower Group

Sunpower Group’s wholly owned subsidiary Sunpower Clean Energy Investment (Jiangsu) has entered a joint venture with Xuzhou Shengtonghe Heat for supplying heat and electricity to businesses, the Singapore-listed company said Monday.

Read more: Sunpower enters China joint venture with Xuzhou Shengtonghe Heat

CSE Global

CSE Global’s indirect wholly owned subsidiary, CSE Americas, agreed to acquire all of Texas-based Volta LLC from Bradley Davis and Julio Parpacen for US$25.1 million, or around S$34.8 million, the Singapore-listed company said in a filing to SGX Monday.

Read more: CSE Global to acquire Texas-based Volta for US$25 million

CapitaLand Retail China Trust

CapitaLand Retail China Trust said Monday the 86.87 million new units issued in its preferential offering would begin trading on Tuesday.

The new units, which were issued at S$1.44 each, bring the total number of CRCT units to 1.19 billion, CRCT said in a filing to SGX.

Read more: CapitaLand Retail China Trust’s preferential offering meets strong demand

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Venture Corp.

BlackRock became a substantial shareholder of Venture Corp., with its deemed interest rising to 5.14 percent from 4.96 percent previously due to an increase in collateral of 520,325 shares, the asset manager said in a filing to SGX Monday.

Read more about Venture Corp.

Soilbuild Business Space REIT

Soilbuild Business Space REIT has launched its preferential offering of 192.14 million new units for subscription, the REIT said in a filing to SGX Tuesday. The offering will close on 11 September, the REIT said.

Read more: Soilbuild REIT launches preferential offering to raise around S$102 million

Tiong Woon

Tan Swee Khim, age 62, has retired as executive director of Tiong Woon due to personal and health reasons, the company said in a filing to SGX Monday.

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Dasin Retail Trust

Dasin Retail Trust requested a trading halt Tuesday, pending the release of announcements.

Vividthree Holdings

Hong Wei Chien, founder and executive director of Vividthree Holdings, has disposed of 10 million shares of the company at S$0.17 each in an off-market transaction, the company said in a filing to SGX Monday.

That brought Hong’s direct stake in the Vividthree to 8.41 percent, down from 11.4 percent previously, the filing said.

Read more about Vividthree Holdings.

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