These are Singapore companies which may be in focus on Thursday, 24 October 2019: CapitaLand, City Developments, AIMS APAC REIT, ST Engineering, Hyflux, Sembcorp Marine, PACC Offshore Services Holdings (POSH), Wing Tai Holdings, Vibrant Group and Kingsmen Creatives.
This article was originally published on Tuesday, 23 October 2019 at 23:19 SGT; it has since been updated to include SGX and Eagle Hospitality REIT.
CapitaLand and City Developments
CapitaLand and City Developments said Wednesday the preview of their Sengkang Grand Residences project’s sales gallery will begin Friday.
AIMS APAC REIT
The Segantii Asia-Pacific Equity Multi-Strategy Fund ceased to be a substantial unitholder of AIMS APAC REIT, Segantii Capital Management said in a filing to SGX Wednesday, just one day after reporting the hedge fund’s stake had risen above the 5 percent threshold.
Singapore Exchange said Thursday it is licensing its iEdge-FactSet Global Internet Index to Nikko Asset Management for an exchange-traded fund (ETF).
Eagle Hospitality REIT
Eagle Hospitality REIT requested a trading halt Thursday pending an announcement.
ST Engineering said Wednesday arbitration proceedings between its wholly-owned U.S. marine subsidiary VT Halter Marine and Hornbeck Offshore Services resulted Hornbeck being awarded US$18.03 million, or around S$24.6 million for its claims.
Hyflux said Wednesday Lim Suat Wah has taken a sabbatical leave from her roles as group executive vice president and group chief financial officer to handle personal family commitments.
“As the company is currently undergoing restructuring, Ms. Agnes Tan, senior vice president finance, will assume full responsibility for finance, accounting, tax and treasury matters,” Hyflux said in a filing to SGX.
Sembcorp Marine and PACC Offshore Services Holdings
Sembcorp Marine said Wednesday its wholly owned subsidiary Dolphin Shipping has completed the divestment of a 50 percent stake in Pacific Workboats to PACC Offshore Services Holdings, or POSH.
Pacific Workboats has ceased to be a joint venture company of SembMarine, the company said in a filing to SGX.
POSH said in a separate filing that Pacific Workboats is now its wholly owned subsidiary.
Wing Tai Holdings
Wing Tai Holdings reported Wednesday its fiscal first quarter net profit jumped 209 percent on-year to S$6.85 million amid higher contributions from development properties and a narrower foreign-exchange loss.
Vibrant Group said Wednesday it entered a deal to acquire the 49 percent of Shentoncil it doesn’t already own from Ze Qi Investment Holdings for S$10.72 million.
Shentoncil is primarily involved in real estate investment holding and owns 40 percent of Ececil, which owns a property at 139 Cecil Street in Singapore, Vibrant said in a filing to SGX.
Kingsmen Creatives and Discovery
Kingsmen Creatives said Wednesday it would launch “Living Worlds: An Animal Planet Experience” wildlife and exploration travelling exhibition in Singapore next month as part of a collaboration with Discovery.