These are Singapore stocks which may be in focus on Thursday, 5 September 2019: Yangzijiang Shipbuilding, City Developments, DBS, UOB, TEE International, ST Engineering, Fragrance Group, Synagie Corp., Ascott Residence Trust, GuocoLand Group, Yanlord Land and Asiaphos.
This article was originally published on Thursday, 5 September 2019 at 1:12 A.M. SGT; it has since been updated to include CapitaLand, Frasers Centrepoint Trust and ESR-REIT.
Yangzijiang Shipbuilding landed orders for five vessels from Asian shipowners, with the contracts including three 82,000 DWT bulk carriers and two 325,000 DWT bulk carriers, the Chinese shipbuilder said in a filing to SGX Wednesday.
City Developments and DBS
City Developments said Wednesday it has received a S$250 million loan based on the U.N. Sustainable Development Goals (SDG) from DBS, with the facility offering a discounted interest rate when the property developer hits targets for sustainable innovations.
CapitaLand’s lodging unit The Ascott opened lyf Funan Singapore, the largest co-living property in Southeast Asia, and the first under the lyf co-living brand, Ascott said in a filing to SGX Thursday.
UOB Asset Management said Wednesday it completed the acquisition of a 75 percent stake in Indonesia-based PT PG Asset Management (PGAM), expanding its regional network an eighth Asian market.
TEE International said Wednesday it has identified payments of around S$13.1 million made to related parties and company subsidiaries which weren’t disclosed to the board and/or executive committee.
Fragrance Group’s wholly owned subsidiary Fragrance Victory entered a deal to acquire the Min Yuan Apartments property at 62 Waterloo Street in a collective sale for S$141 million, the company said in a filing to SGX Wednesday.
Frasers Centrepoint Trust
Frasers Centrepoint Trust will be included in the FTSE EPRA/NAREIT Global Real Estate Index Series (Global Developed Index), effective 23 September, the trust said in a filing to SGX Thursday.
ST Engineering’s aerospace arm injected US$19.5 million, or around S$27 million, into ST Engineering Aerospace Resources to buy aircraft assets, the company said in a filing to SGX Wednesday.
ESR-REIT has leased around 168,846 square feet of space at 8 Tuas South Lane to P-way Construction & Engineering, in a deal lessening the REIT’s dependence on troubled Hyflux as a tenant, the REIT’s manager said in a filing to SGX Thursday.
Ascott Residence Trust
Ascott Residence Trust said Wednesday it has completed the issue of S$150 million 3.88 percent fixed rate perpetual securities, with the proceeds earmarked to redeem the REIT’s S$150 million 5.00 percent perpetual securities.
Soilbuild Construction won a S$14 million construction contract from a repeat customer to build a three-storey single-user ramp-up general industrial factory, the company said in a filing to SGX Wednesday.
GuocoLand Group announced Wednesday its design plan for the Meyer Mansion development, which will have a 25-storey seafront residential tower with 200 units ranging from one to four bedrooms.
The sales gallery for the project will open 7 September and sales will be launched on 13 September, the property developer said in a filing to SGX.
GuocoLand said 80 percent of the project’s land area has been devoted to a garden area including amenities such as a swimming pool and “grand lawn.”
Yanlord Land’s wholly owned subsidiary Nanjing Renyuan Investment has set up a new entity in Nanjing called Nanjing Yanlord Construction Management for project management and other activities, the Chinese property developer said in a filing to SGX Wednesday.
Nanjing Yanlord Construction Management has a registered capital of 20 million yuan (S$3.87 million or US$2.80 million), Yanlord said.
Synagie Corp. landed an exclusive deal with Hong Kong-based food company Chef Nic (Hong Kong) to manage the cross-border online and offline distribution and sales in Southeast Asia, the e-commerce services provider said Wednesday.
Asiaphos’ wholly owned subsidiary Sichuan Mianzhu Norwest Phosphate Chemical said Wednesday the claim against the company filed by 20 former employees for severance pay of 1.84 million yuan, or around S$373,000, has been dismissed by the Mianzhu Municipal People’s Court.
The court has since notified Mianzhu Norwest that the ex-employees have filed an appeal via the Deyang Intermediate Court, which if accepted, could lead to a follow-up notice of claim, Asiaphos said in a filing to SGX.
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