These are Singapore companies which may be in focus on Monday, 25 November 2019: Thai Beverage, UOL Group, Keppel Corp., Yanlord Land, Ezion Holdings, Sabana Shari’ah Compliant Industrial REIT, Procurri Corp. and Sim Leisure Group.
This article was originally published on Saturday, 23 November 2019 at 22:41 SGT; it has since been updated to include First Sponsor Group and AIMS APAC REIT.
Thai Beverage reported Friday its full year net profit climbed 33 percent on-year to 26.08 billion baht on increases in net profit from the spirits and beer businesses and from F&N/FPL, as well as on a narrower net loss from non-alcoholic beverages.
K.H. KEA Properties has accepted UOL Group’s S$79.3 million bid for the property at 333 North Bridge Road in Singapore, including the nine-storey commercial building called KH KEA Building, UOL said in a filing to SGX Friday.
Keppel Corp.’s wholly owned subsidiary Keppel Urban Solutions has formed two wholly owned subsidiaries: Primus I Investment Holdings and Primus II Investment Holdings, the company said in a filing to SGX Friday.
The subsidiaries have issued and paid-up capital of S$10,000 each and are primarily investment holding companies, Keppel said.
First Sponsor Group
First Sponsor entered its first Australian project, tying up with ICD Property to redevelop the City Tattersalls Club project in Sydney, the Singapore-listed company said in a filing to SGX Monday.
Yanlord Land said Friday it sold all 448 apartment units in the final batch launch at the Yanlord Riverbay project’s phase three in Chengdu, China, marking around 1.75 billion yuan (S$339.20 million or US$248.61 million) in presales.
Yanlord Land said Friday Wang Xi, its executive vice president responsible for corporate investments, financing and budgeting, has resigned to pursue personal interests.
The resignation was effective Friday, Yanlord Land said in a filing to SGX.
AIMS APAC REIT
AIMS APAC REIT and joint venture partner Stockland have entered a new lease agreement with existing tenant Optus Administration for another 12-year term for the Optus Centre property in Australia, the REIT said Monday.
Ezion Holdings has entered deals to dispose of its 50 percent interest in indirect joint venture Strategic Offshore Ltd. (SOL) and its 30 percent stake in associate Rotating Offshore Solutions (ROS), the company said in a filing to SGX Friday.
Sabana Shari’ah Compliant Industrial REIT
Sabana Shari’ah Compliant Industrial REIT has entered a new financing agreement for new commodity murabaha facilities of up to S$161 million, the REIT said in a filing to SGX.
Procurri Corp. said Friday it agreed to a non-binding letter of interest (LOI) to sell its third-party hardware maintenance (TPM) business to Park Place for US$115 million.
Sim Leisure Group
Sim Leisure Group announced Friday it officially opened its third theme park in Penang, called ESCAPE Gravityplay, which includes a chairlift and two downhill rides, as well as the world’s longest inner tube water slide.
The water slide measures 1,111 meters, breaking the previous Guinness World Record of 356 meters held by Galaxy Erding in Germany, Sim Leisure said in a filing to SGX.
The chairlift to take guests to the hilltop where the downhill rides begin is 420 meters long over a 68-meter elevation, Sim Leisure said, adding it is the only chairlift in Malaysia.