These are companies which may be in focus in Singapore on Monday, 14 October 2019: UOB, Lendlease Global Commercial REIT, Temasek Holdings, Keppel Corp., Singapore Exchange, City Developments, Millennium & Copthorne Hotels, ST Engineering, Synagie, Lazada and SunMoon Food.
This article was originally published on Saturday, 12 October 2019 at 12:10 A.M. SGT; it has since been updated to include Yoma Strategic, ESR-REIT and MeGroup.
UOB said Friday it entered a joint venture with VI (Vietnam Investments) Fund III, or VIG, to set up a subsidiary in Vietnam to develop digital loyalty program services for companies.
Lendlease Global Commercial REIT and Temasek Holdings
Singapore state-owned investment company Temasek Holdings has become a substantial shareholder of Lendlease Global Commercial REIT, with its deemed interest rising to 5.01 percent from 4.98 percent previously, Temasek said in a filing to SGX Friday.
The increased interest was due to Fullerton Fund Management, an independently managed Temasek portfolio company, acquiring 342,800 units of the REIT in the market on 7 October for S$326,448, the filing said.
Temasek said it does not own a direct interest in the REIT’s units.
Keppel Philippines Properties said Friday its wholly owned subsidiary Buena Homes Inc. (BHI) and associated company Opon-KE Properties (OKEP) have entered into deals to sell their stakes in Buena Homes (Sandoval), or BHSI, to Jetson Realty & Dev. Corp. (JRDC).
Singapore Exchange reported Friday its September commodities derivatives volume climbed as price volatility in physical commodity markets spurred demand for risk-management tools.
City Developments and Millennium & Copthorne Hotels
Millennium & Copthorne Hotels said Friday that its listing on the London Stock Exchange has been canceled, effective Friday.
That was after City Developments’ takeover bid for M&C was successful in obtaining nearly all of the hotel operators’ shares.
ST Engineering said Friday its marine arm sold its Roll-on/ Roll-off Passenger Vessel (ROPAX), MV Nova Star, to Polish ferry operator, Polferries, which exercised a purchase option effective Friday.
The vessel, which has been on a bareboat charter to Polferries since September 2018, was designed and built by ST Engineering, the Singapore company said in a filing to SGX.
MV Nova Star is a 1,215-passenger vessel and is equipped with passenger lounges and cabins, restaurants and bars and a summer deck, as well as being designed to carry trailers and cars, ST Engineering said.
Yoma Strategic has entered a tie-up with Philippine conglomerate Ayala Corp.’s energy platform, AC Energy, to develop renewable energy projects in Myanmar via Yoma Micro Power (S), the two companies said in a filing to SGX Monday.
ESR-REIT said Monday it had issued 98.12 million new units at S$0.51 a unit, bringing the total number of new units to 3.48 billion.
The new units will begin trading Monday, the REIT said in a filing to SGX.
Malaysia auto dealership operator MeGroup said Monday its Honda dealership in Cheras obtained 4S approval, while its first Hyundai dealership, offering 3S services and located in Klang, has opened.
Lazada, Synagie and KOSE Corp.
Alibaba-tied Lazada Group and Synagie Corp. have tied up to launch an online store for Japanese cosmetic company KOSE on LazMall in Southeast Asia, Synagie said in a filing to SGX Friday.
The KOSE LazMall store, which will carry the SEKKISEI range of beauty products, will launch in Singapore, Malaysia and Thailand on 14 October with promotional and exclusive product offerings, Synagie said.
Under the deal, Synagie will be KOSE’s exclusive services provider for its end-to-end online commerce process on Lazada, including operating its Lazmall stores, the filing said.
SunMoon Food said Friday its indirect wholly-owned subsidiary, Shanghai Shanmai Supply Chain Management, has increased its registered share capital to 30 million yuan (S$5.81 million) from 500,000 yuan previously.
The increase was funded by internal resources and isn’t expected to impact earnings per share for the financial year ending 31 March, SunMoon Food said in a filing to SGX.