These are Singapore companies which may be in focus on Friday, 22 November 2019: Mapletree Logistics Trust, OCBC, Singapore Exchange (SGX), Halcyon Agri, Keppel DC REIT, ST Engineering, UOB, Yoma Strategic, JUMBO Group, United Industrial Corp. (UIC), Suntec REIT, Nordic Group and Addvalue Technologies.
This article was originally published on Friday, 22 November 2019 at 12:52 A.M. SGT; it has since been updated to include SPH REIT.
Mapletree Logistics and OCBC
Mapletree Logistics Trust obtained a S$200 million sustainability-linked loan from OCBC, the trust’s first foray into sustainable financing, the trust said in a filing to SGX Thursday.
Singapore Exchange said Thursday Samsung Futures has become a trading member of the derivatives market, bringing the market to 63 trading members and 25 clearing members.
Tae Hyun Kim, head of domestic sales department at Samsung Futures, said the membership offered a “significant leap” as a global derivatives company.
“The Korean derivatives sector is expected to grow further over the coming years, through the introduction of major Asian market derivatives to Korean customers,” Kim said in the statement filed to SGX. “We look forward to working more closely with SGX to further develop the Korean financial market and address the diverse needs of Samsung Futures customers.”
Halcyon Agri’s subsidiary Corrie MacColl has tied up with local and international non-governmental organizations (NGOs) to strengthen sustainable rubber production at its Cameroon plantations, the rubber supply chain manager said in a filing to SGX Thursday.
SPH REIT’s private placement of 156.65 million new units met with strong demand, pricing at S$1.050 a unit, the middle of its indicative range of S$1.031 to S$1.075, to raise around S$164.5 million, the REIT said in a filing to SGX Friday.
Keppel DC REIT
Keppel DC REIT said Thursday it has completed the acquisition of a 99 percent stake in Keppel DC Singapore 4, located at 20 Tampines Street 92 in Singapore.
In addition, the REIT has used around S$236.8 million of the S$478.2 million proceeds of its equity fundraising to partially fund the acquisition, the REIT said in a filing to SGX.
ST Engineering said Thursday it set up a wholly owned subsidiary, ST Engineering (Israel) Smart Cities, in Israel with an initial equity injection of 900,000 Israeli shekel, or around S$360,000.
The subsidiary will be involved in the smart city business in Israel, including autonomous vehicles and robotics, ST Engineering said in a filing to SGX.
UOB’s wholly owned subsidiary UOB Capital Management incorporated a wholly owned subsidiary, AIIF Capital II, in the Cayman Islands, the bank said in a filing to SGX Thursday.
AIIF Capital II, which has a paid-up capital of US$50,000, is the general partner of Asia Impact Investment Fund II, a private equity investment fund set up in the Cayman Islands, the filing said.
United Industrial and Suntec REIT
Marina Promenade, a Singapore company limited by guarantee (CLG) has been incorporated by United Industrial Corp.’s subsidiary Marina Centre Holdings (MCH), HSBC Institutional Trust Services (Singapore), which was acting as trustee of Suntec REIT, South Beach Consortium and Millenia Singapore, UIC and Suntec REIT said in separate filings to SGX Thursday.
The CLG was incorporated under the Urban Redevelopment Authority’s business improvement district program to rejuvenate the Marine Centre precinct area, UIC said.
MCH has acquired a 25 percent stake in the CLG, which will be considered an associated company of MCH, the filing said.
JUMBO Group’s indirect wholly owned subsidiary Jumbo F&B Services (JFB) entered a deal with Baipin to set up a Taiwan joint venture, Jumbo F&B Services (Taiwan), to assume the Jumbo Seafood operations, including the Taiwan franchise agreement, of Ho Sing Food, the iconic Singapore chili crab restaurateur said in a filing to SGX Thursday.
Ho Sing is a Taiwan joint venture which is 51 percent held by Baipin and 49 percent held by JFB, and it currently is the franchisee for both JUMBO Seafood restaurants and Ng Ah Sio Bak Kut Teh outlets in Taiwan, the filing said.
“The JV company will establish and operate restaurants under the ‘JUMBO Seafood’ brand, while Ho Sing will focus on expanding the Ng Ah Sio Bak Kut Teh brand in Taiwan,” JUMBO said. “The directors believe that having the JV company and Ho Sing focus on the JUMBO Seafood brand and Ng Ah Sio Bak Kut Teh brand respectively, will improve operational efficiency for both brands.”
The Capital Group Companies (CGC) ceased to be a substantial shareholder of Yoma Strategic after the disposal of 773,600 shares at S$0.4071 a share in a market transaction, CGC said in a filing to SGX Thursday.
The disposal brought CGC’s deemed interest to 4.968 percent from 5.009 percent previously, the filing said.
CGC doesn’t own Yoma Strategic shares for its own account, with the shares owned by accounts under discretionary investment management, the filing said.
Nordic Group’s wholly owned subsidiary Nordic Flow Control has completed the acquisition of Envipure for S$14.8 million, to be paid in cash, the company said in a filing to SGX Thursday.
The consideration was financed via a combination of internally generated funds and bank borrowings, Nordic said.
Addvalue Techologies, Inmarsat and Network Innovations launched the first type-approved IP-based terminal and vessel monitoring system (VMS) for fishing vessels operating in U.S. waters, the companies said in a filing to SGX Thursday.
The Addvalue iFleetONE communications terminal and proprietary VMS has been approved for four out of five U.S. Fisheries Management regions, as required by the U.S. National Maritime Fisheries Service (NMFS) Office of Law Enforcement (OLE), with the fifth region’s approval expected soon, the filing said.
“This high-speed broadband terminal and VMS combination will transform regulatory compliance, fisheries governance in U.S. waters to sustain fish numbers and protect vital ocean habitats,” Eric Griffin, vice president for offshore and fishing at Inmarsat, said in the statement. “Meanwhile, commercial fishermen will now have access to voice and data services, enhancing crew welfare and providing reliable communications between fishing crews and their families and friends ashore,” he added.
Around 4.000 licensed commercial fishing vessels are permitted to fish in U.S. Fisheries Management regions, and they are required to report their GPS positions via a type-approved secure satellite link, the filing said.