These are companies which may be in focus in Singapore on Wednesday, 16 October 2019: GIC, KKR, Metro Pacific Hospitals, Singapore Press Holdings (SPH), Keppel DC REIT, Singapore Airlines, Keppel Pacific Oak US REIT, Singapore Exchange, Sabana Shari’ah Compliant REIT and Rex International.
This article was originally published on 16 October, 2019 at 1:03 A.M. SGT; it has since been updated to include Mapletree Commercial Trust, Keppel and AIMS APAC REIT. The item on Rex International has been updated.
Mapletree Commercial Trust
Mapletree Commercial Trust plans to offer 406.48 million new units via a private placement and preferential offering to raise at least S$902.3 million, the trust said in a filing to SGX Wednesday.
Mapletree Commercial Trust
Mapletree Commercial Trust reported Tuesday its fiscal second quarter net property income rose 1.7 percent on-year to S$87.72 million on higher contributions from the VivoCity, Mapletree Business City I, PSA Building and Bank of America Merrill Lynch HarbourFront (MLHF) properties.
Keppel’s Alpha Investment and Allianz
Alpha Investment Partners, via its funds, has entered a deal with Allianz Real Estate to jointly acquire 85 percent of Beijing office complex Ronsin Technology Center for around S$1.3 billion, Keppel Corp. said in a filing to SGX Wednesday.
GIC, KKR and Metro Pacific Hospitals
Singapore state-owned investment company GIC and global investment firm KKR have entered a deal to invest as much as US$680 million in Metro Pacific Investments Corp.’s Metro Pacific Hospitals by acquiring shares and mandatorily exchangeable bonds, the parties said in a joint statement Tuesday.
Singapore Press Holdings
Singapore Press Holdings’ wholly owned subsidiary SPH JPAM entered a strategic partnership with Bridge C Capital to set up a fund to invest in Japanese healthcare assets such as senior housing, nursing homes and medical office buildings, the media and property company said Tuesday.
The number of passengers on Singapore Airlines climbed 8.6 percent on-year in September to 3.12 million as capacity, measured in available seat-kilometers, grew by 7.1 percent, the carrier said in a filing to SGX Tuesday.
Keppel Pacific Oak US REIT
Keppel Pacific Oak US REIT, or KORE, reported Tuesday its third quarter net property income rose 36.2 percent on-year to US$18.5 million, beating the forecast from its IPO prospectus by 31.6 percent.
Keppel DC REIT
Keppel DC REIT reported Tuesday its third quarter net property income fell 1.8 percent on-year to S$42.27 million as on the impact of a stronger Singapore dollar on overseas contributions and on the absence of year-ago rental top-up income.
Singapore Exchange Regulation, or SGX RegCo, has entered a memorandum of understanding with Singapore Institute of Surveyors and Valuers (SISV) to improve standards for valuations of real estate and land, the parties said in a statement Tuesday.
AIMS APAC REIT
AIMS APAC REIT requested a trading halt Wednesday pending the release of an announcement.
Sabana Shari’ah Compliant REIT
Sabana Shari’ah Compliant REIT said Tuesday Aw Wei Been, its chief operating officer, has stepped down, effective Tuesday, to pursue other career interests.
Rex International said Wednesday operator PGNiG Upstream Norway has completed drilling a exploration and appraisal wells on Norwegian Sea licence PL838 as an oil and gas discovery.
Rex’s 90 percent-owned subsidiary, Lime Petroleum, entered a deal in June to acquire 30 percent of the two licences PL838 and PL838B, with transfer to be completed at end-October, Rex said in a filing to SGX.
PGNiG’s preliminary estimates put the discover at around 19 million to 38 million barrels of recoverable oil equivalents, Rex said.
Rex requested a lifting of the trading halt on its shares.