These are Singapore companies which may be in focus on Tuesday, 10 September 2019: Singapore Press Holdings, CapitaLand, Keppel Corp. Frasers Logistics & Industrial Trust, Wing Tai Holdings, Straits Trading, Heeton Holdings and Raffles Infrastructure.
This article was originally published on Monday, 9 September 2019 at 22:25 SGT; it has since been updated to add Singapore Exchange, Starhill Global REIT and Isetan Singapore.
Trading volume of commodity derivatives, including freight, petrochemicals and SICOM rubber contracts, surged 91 percent on-year in August to 2.74 million contracts as markets remained jittery, Singapore Exchange said in a statement Tuesday.
Singapore Press Holdings
Singapore Press Holdings, or SPH, posted a 22.8 million pound, or around S$38.4 million, revaluation gain on its student accommodation portfolio.
The opening weekend of CapitaLand’s Raffles City Chongqing, housing a 235,000 square meter shopping mall, attracted more than 900,000 people, the property developer said in a filing to SGX Monday.
Starhill Global REIT and Isetan Singapore
Starhill Global REIT is seeking to buy Isetan Singapore’s stake in the Wisma Atria mall located on Singapore’s tony Orchard Road shopping belt for more than S$290.7 million, the Business Times reported, citing an unnamed source.
Keppel Corp.’s property arm Keppel Land was named the overall global real estate sector leader in the Global Real Estate Sustainability Benchmark (GRESB) and it topped the rankings in the Euromoney Real Estate Survey, Keppel said in a filing to SGX Monday.
The GRESB assesses the sustainability performance of real estate and infrastructure portfolios and assets, the filing said.
In the Euromoney survey, Keppel Land was named the best overall real estate developer in the global and Asia Pacific categories, as well as in China, Vietnam and Indonesia, the filing said.
Frasers Logistics & Industrial Trust
Frasers Logistics & Industrial Trust placed first in the Global Real Estate Sustainability Benchmark (GRESB) in the global, industrial listed category for 2019, the trust said in a filing to SGX Monday.
GRESB is the global environmental, social and governance (ESG) benchmark for real estate, the filing said.
FLT was also tapped as the overall regional sector leader for Asia Pacific industrial/distribution warehouse and the regional sector leader for Australia industrial/distribution warehouse, the filing said.
A subsidiary of the Straits Trading Co. has entered a deal to acquire a parcel of land in South Australia for A$7.6 million, or around S$7.2 million, the company said in a filing to SGX Monday.
Wing Tai Holdings
FMR LLC ceased to be a substantial shareholder of Wing Tai Holdings after the disposal of 115,400 shares for S$237,308, FMR said in a filing to SGX Monday.
The disposal brought FMR’s deemed interest to 4.99 percent, down from 5.01 percent previously, the filing said.
FRM is deemed interested in the shares because they are held by funds and/or accounts managed by at least one of its direct and indirect subsidiaries, which are fund mangers, the filing said.
Heeton Holdings said Monday it tapped Hoh Chin Yiep as chief operating officer of the company, effective 14 October.
Prior to the appointment, Hoh was managing partner of PropNex Realty from April 2018 to the present, and managing director of PropNex Investment from May 2017 through March 2018, Heeton said in a filing to SGX.
Magic Micro became a substantial shareholder of Raffles Infrastructure after acquiring 13.80 million shares, or an around 20.31 percent stake, in an off-market transaction for around S$6.90 million, Choi Jaehoon, CEO of Magic Micro, said in a filing to SGX Monday.
Magic Micro didn’t previously hold any Raffles Infrastructure shares, the filing said.
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