These are Singapore companies which may be in focus on Thursday, 28 November 2019: Singapore Exchange (SGX), Fraser and Neave (F&N), MoneyMax Financial Services, Venture Corp., SPH REIT, Hiap Seng Engineering and Raffles United.
This article was originally published on Wednesday, 27 November 2019 at 23:40; it has since been updated to add First Sponsor, Ascendas India Trust, Frasers Commercial Trust, Frasers Logistics Trust and an additional item on Hiap Seng Engineering.
Singapore Exchange said Wednesday it would replace the fixed rates for the securities borrowing and lending (SBL) program with variable and more competitive rates, starting from 2 December.
Singapore Exchange said Wednesday ADM Investor Services Singapore (ADMIS SG) has become a trading and clearing member of the derivatives market, bringing the exchange’s total to 63 trading members and 25 clearing members.
First Sponsor Group’s wholly owned subsidiary FS NL Holdings has sold FS NL Zuidoost Property 15 (NLP15) to 33 percent-owned associated company FSMC NL Property Group for 108.1 million euros (around S$163 million), the Singapore-listed company said Thursday.
Fraser and Neave
Fraser and Neave’s wholly owned subsidiary F&N Investments (F&NI) subscribed for an additional 4.69 million new shares in Emerald Brewery Myanmar at US$1 each for a total of US$4.69 million, the beverage maker said in a filing to SGX Wednesday.
Frasers Commercial Trust and Frasers Logistics & Industrial Trust
Frasers Commercial Trust and Frasers Logistics & Industrial Trust separately requested trading halts Thursday pending the release of an announcement.
MoneyMax Financial Services
MoneyMax Financial Services’ wholly owned subsidiary MoneyMax Credit has obtained two options to purchase two properties at Lucky Plaza from an unrelated party for a total S$18 million, the pawnshop operator said in a filing to SGX Wednesday.
BlackRock ceased to be a substantial shareholder of Venture Corp. after its deemed interest fell to 4.96 percent from 5.2 percent, the asset manager said in a filing to SGX Wednesday.
The decline in interest came after a decrease of 695,720 Venture shares used as collateral, the filing said.
Ascendas India Trust
Ascendas India Trust said Thursday it has issued the 99.47 million new units at S$1.508 each from its private placement, and they will begin trade Thursday.
SPH REIT said Wednesday it has received in-principle approval for listing on SGX the 156.65 million new units issued at S$1.050 each in a private placement.
Hiap Seng Engineering
Hiap Seng Engineering requested a suspension of its shares Thursday.
“The company has engaged a financial consultant to undertake a financial position review and viability assessment,” Hiap Seng said in a filing to SGX. “However, at this stage, the board is unable to conclude if the group can operate as a going concern.”
Hiap Seng Engineering
Hiap Seng Engineering reported Wednesday its fiscal second quarter net loss narrowed to S$8.51 million from a loss of S$22.30 million in the year-ago period on lower operating costs.
Raffles United said Wednesday SGX has confirmed it has no objections to delisting the company from the exchange.
The announcement followed GATXH Holdings saying that based on the level of acceptances of its S$0.065 a share offer to take Raffles United private, it would exercise its right to compulsorily acquire the remaining shares on or after 16 December, the company said in a filing to SGX.