These are Singapore companies which may be in focus on Thursday, 17 October 2019: Keppel REIT, Soilbuild Business Space REIT, AIMS APAC REIT, Accordia Golf Trust, Sunpower Group, Qian Hu, United Hampshire US REIT, SLB Development, Lian Beng and AsiaPhos.
This article was originally published on Thursday, 17 October 2019 at 1:08 A.M. SGT; it has since been updated to add Keppel Pacific Oak US REIT and Mapletree Commercial Trust.
Mapletree Commercial Trust
Mapletree Commercial Trust’s private placement 200.89 million new units priced at S$2.28, the top of its S$2.24 to S$2.28 range, and was 7.0 times covered, the REIT said in a filing to SGX Thursday.
Keppel Pacific Oak US REIT
Keppel Pacific Oak US REIT has launched a private placement of 104.29 million new units at US$0.701 to US$0.725 each to raise at least US$73.1 million, the REIT said in a filing to SGX Thursday.
Keppel REIT reported Wednesday its third quarter net property income increased 17.6 percent on-year to S$33.17 million. The results missed Daiwa’s forecasts slightly.
Soilbuild Business Space REIT
Soilbuild Business Space REIT reported Wednesday its third quarter net property income rose 4.5 percent on-year to S$16.95 million on contributions from two Australia properties acquired in October 2018 and on converting Solaris into a multi-tenanted property in August 2018.
AIMS APAC REIT
AIMS Financial Group, the sponsor of AIMS APAC REIT, exercised a call option to acquire around 70.3 million units of the REIT held by AMP Capital Investors and then held a secondary placement of the units, AIMS said in a filing to SGX Wednesday.
Accordia Golf Trust
Accordia Golf Trust said Wednesday three of its golf courses were closed for inspection and repair in the wake of Typhoon Hagibis, which caused heavy rain and flash flooding in the region.
United Hampshire US REIT
United Hampshire US REIT’s sponsors will try to raise up to US$400 million in the Singapore market and they are seeking cornerstone investors, the Business Times reported Wednesday.
Sunpower Group has landed a series of manufacturing and services contracts valued at a total 71.7 million yuan (S$13.86 million) from strategic partner, Wanhua Chemical Group, the Singapore-listed company said in a filing to SGX Wednesday.
SLB Development and Lian Beng
SLB Development said Wednesday it has completed the sale of its wholly owned subsidiary Wellprime, which owns the property at 50 Lorong 21 Geylang in Singapore, to Jun Yuan Holdings for S$13.5 million.
SLB Development is a subsidiary of Lian Beng.
Ornamental fish breeder Qian Hu reported Wednesday its third quarter net profit surged 72 percent on-year to S$301,000, despite the long-running dragon fish price war pushing down revenue, on better sales of higher margin edible fish.
AsiaPhos said Wednesday its wholly owned subsidiary Mianzhu Norwest received a notice of appeal, issued the Deyang Intermediate Court, which was filed by 12 of 20 former employees who had resigned in 2018.
In September, AsiaPhos said it had received notification that the claims from the 20 former employees, who were seeking severance pay amounting to 1.844 million yuan, or around S$373,000, had been dismissed after a hearing in the Mianzhu Municipal People’s Court and follow-up Mediation.