These are Singapore companies which may be in focus on Friday, 27 September 2019: Singapore Exchange (SGX), CapitaLand, The Ascott, ST Engineering, Straits Trading, Raffles Education, China Jinjiang Environment, Trek 2000 International and Raffles United.
This article was originally published on Friday, 27 September 2019 at 1:47 A.M. SGT; it has since been updated to include Mapletree Commercial Trust, Keppel, Keppel DC REIT and AusGroup.
Mapletree Commercial Trust
Mapletree Commercial Trust has entered a deal to acquire Mapletree Business City (Phase 2) from Mapletree Investments’ subsidiary Heliconia Realty for S$1.55 billion, the REIT said in a filing to SGX Friday.
Singapore Exchange plans to introduce price collars during the market’s opening, midday and closing auction routines to minimize the risk of severe price movements during price setting, the exchange said in a statement Thursday.
Keppel Land China entered a deal to acquire Zhangjiang Micro-electronic Port Block #3, a commercial property in the Pudong District of Shanghai for 493 million yuan, or around S$96.4 million, Keppel said in a filing to SGX Friday.
CapitaLand’s lodging unit The Ascott is acquiring a serviced residence property in North Sydney, Australia, for S$192 million (A$202.2 million), the company said in a filing to SGX Thursday.
ST Engineering’s aerospace arm has injected US$6.4 million, or around S$9 million, into ST Engineering Aerospace Resources, which will in turn inject the funds into its joint venture, Keystone Holdings (Global), the aerospace and defense company said Thursday.
The Straits Trading Co. said Thursday it has increased its investments in Japan residential property via the Savills IM Japan Residential Fund, in which it is a limited partner.
Raffles Education’s wholly owned subsidiary Raffles Assets Australia has entered a deal to sell a Sydney, Australia, property to Wentruth for A$80 million, or around S$74.74 million, the for-profit education company said Thursday.
China Jinjiang Environment
China Jinjiang Environment named on Thursday a new executive chairman, a new chief financial officer and a chief engineer in the wake of Zhejiang Energy Group’s acquisition of a 29.79 percent stake in the waste-to-energy operator.
Keppel DC REIT
Keppel DC REIT said Friday its preferential offering of 141.99 million new units on the basis of 105 new units for every 1,000 units held by existing unitholders has opened. The last date for acceptance is 7 October, with the new units expected to be listed on 15 October.
The new units are priced at S$1.71 each, marketing a discount of 4.4 percent to the volume weighted average price for trades on 13 September, the REIT has said previously.
Trek 2000 International
Trek 2000 International said Thursday the charges by the Commercial Affairs Department of the Singapore Police Force against its former CEO Henn Tan and three former officers — Poo Teng Pin, Gurcharan Singh and Foo Kok Wah — would likely have no further impact on the company’s financial statements.
Raffles United said Thursday the High Court of Singapore has allowed a claim by Shenzhen Zhaoheng Industrial against the company and its wholly owned subsidiary, Kian Ho amounting to around S$650,000 with interest from December 2017 and costs of the action, which is yet to be determined.
The judgment isn’t expected to have a material financial impact on the group, Raffles United said in a filing to SGX.
Raffles United added it has one month to appeal the decision, which it is still considering.
AusGroup’s subsidiary MAS Australasia was awarded a five-year contract from Tier 1 Mining Co., Newmont Goldcorp Services for specialist mechanical, scaffolding and rope access maintenance services in support of Newmont Goldcorp’s Boddington Gold Mine, the company said in a filing to SGX Friday.
In addition, MAS Australasia will provide trade-qualified technicians to support Newmont Goldcorp’s mechanical maintenance and general shutdown services, the filing said.