UPDATE: Singapore stocks to watch Tuesday: Mapletree Industrial Trust, SIA, Citic Envirotech, TEE, JUMBO

These are Singapore companies which may be in focus on Tuesday, 17 September 2019: Mapletree Industrial Trust, Singapore Airlines, Citic Envirotech, Wing Tai Holdings, TEE International, Tiong Seng, JUMBO Group and Kingsmen Creatives.

This article was originally published on Tuesday, 17 September 2019 at 12:08 A.M. SGT; it has since been updated to include CapitaLand, Keppel DC REIT and an additional item on Mapletree Industrial Trust.

Mapletree Industrial Trust

Mapletree Industrial Trust and Mapletree Investments formed a 50:50 joint venture to acquire a US$1.4 billion, or around S$1.90 billion, data center portfolio in North America from Digital Realty Trust, the companies said in a filing to SGX Monday.

Singapore Airlines

Singapore Airlines group carried 3.13 million passengers in August, up 6.5 percent on-year, as capacity, measured in available seat-kilometers, grew 5.6 percent, the carrier said in a filing to SGX Monday.

Keppel DC REIT

Keppel DC REIT’s private placement of 135 million new units met with strong demand, with the offering fully covered at the top end of its pricing range within an hour, the REIT said in a filing to SGX late Monday.

Citic Envirotech

Citic Envirotech has entered a construction and cooperation deal with Karazhanbasmunai JSC (KBM) to build and operate a facility for the demineralization of reservoir water in the field of Karazhanbas, the company said in a filing to SGX Monday.

Wing Tai

Wing Tai Holdings has acquired a Victoria, Australia, property from Evergreen Nominees (Victoria) for A$51 million (S$48.14 million or US$35.01 million), the property developer said in a filing to SGX Monday.

CapitaLand

CapitaLand said Tuesday it was listed on the Dow Jones Sustainability World Index for an eighth straight year, with the index the “gold standard” for corporate sustainability.

The property developer also kept its listing on the Dow Jones Sustainability Asia Pacific index for an 11th year, making it the longest-standing Singapore company to be listed in the index, CapitaLand said in a filing to SGX.

Inclusion in the indexes is tied directly to the interest rates on CapitaLand’s S$600 million in sustainability-linked loans, and the rates on those loans will now be reduced, the company said.

TEE International

TEE International’s controlling shareholder, Phua Chian Kin, has informed the company he entered a binding term sheet to sell 150 million shares, or an around 23 percent stake, for S$0.06 a share, or a total S$9 million, in cash, the company said Monday.

Tiong Seng

Tiong Seng Holdings said Monday its CEO and Executive Director Pek Lian Guan and its project director, Pay Teow Heng, were interviewed by the Corrupt Practices Investigation Bureau (CPIB) last week.

JUMBO Group

JUMBO Group opened its second Tsui Wah outlet in Singapore, with a location on the tony Orchard Road shopping belt, the iconic chili crab restaurateur said in a filing to SGX Monday.

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Kingsmen Creatives

The shareholders of Kingsmen Projects US — Kingsmen Creatives’ wholly owned subsidiary Kingsmen Projects, Hekman Co. and Mark Badhwar & Associates — have injected additional funds of US$200,300 into the U.S. company, Kingsmen Creative said in a filing to SGX Monday.

Kingsmen Projects injected US$140,210 and Hekman Co. and Mark Badhwar & Associates injected US$30,045 each, based on their holdings of 70 percent, 15 percent and 15 percent, respectively, the filing said.

The capital injection is intended to increase the general working capital of Kingsmen Projects US, which is mainly involved in designing and producing architectural interiors and decoration, the filing said.

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