UPDATE: Singapore stocks to watch Friday: STI, Mapletree Logistics, Singtel, Keppel, Lendlease Global REIT

Singtel retail outlet at Tiong Bahru PlazaSingtel retail outlet at Tiong Bahru Plaza

The stocks to watch item will go on hiatus after Friday, 6 December 2019.

These are Singapore companies which may be in focus on Friday, 6 December 2019: Mapletree Logistics Trust, Golden Agri-Resources, Singtel, Keppel Corp., Lendlease Global Commercial REIT, Manulife US REIT, Ascendas Hospitality Trust, SPH REIT, Eagle Hospitality Trust, Venture Corp. and Boustead Singapore.

This item was originally published on Thursday, 5 December 2019 at 22:12 SGT; it has since been updated to include Ascendas REIT and MindChamps PreSchool.

Straits Times Index, Mapletree Logistics Trust and Golden Agri-Resources

After the quarterly review, the Straits Times Index will remove Golden Agri as a constituent and add Mapletree Logistics Trust, FTSE Russell said in a filing to SGX Thursday.

Read more: Straits Times Index to add Mapletree Logistics Trust, cut Golden Agri

Singtel

Singtel tapped Kelly Bayer Rosmarin as CEO designate of Optus and Consumer Australia, with immediate effect, and she will take the reins from Allen Lew and join the Singtel management committee on 1 April, the telco said in a filing to SGX Thursday.

“As Deputy CEO Optus, Ms. Bayer Rosmarin has been accelerating customer experience improvements and driving business and market share growth for Optus’ consumer business,” Singtel said. “Mr. Lew will take on the newly-created role of CEO Group Strategy and Business Development and Country Chief Officer Thailand and continue as chairman of the executive committee of Thai associate, AIS.”

Read more about Singtel.

Keppel Corp.

Keppel Infrastructure Holdings is investing 53.02 million euros, or around S$80 million, in cash for a 20 percent stake in integrated European energy company MET Holding, Keppel and MET said in a filing to SGX Thursday.

Read more: Keppel Infrastructure to acquire 20 percent of MET Holding for around S$80 million

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Lendlease Global Commercial REIT

BlackRock ceased to be a substantial unitholder of Lendlease Global Commercial REIT, with its deemed interest falling to 4.97 percent from 5.07 previously, the asset manager said in a filing to SGX Thursday.

Read more: BlackRock’s stake in Lendlease Global Commercial REIT falls

Manulife US REIT

Manulife US REIT will be included in the FTSE EPRA Nareit Global Developed Index, effective 23 December, the U.S. office REIT said in a filing to SGX Thursday.

Read more: Manulife US REIT added to FTSE EPRA Nareit Global Developed Index

Ascendas REIT

Ascendas REIT said Friday the 498.04 million new units issued under its rights offering will begin trading on Friday.

The new units bring the total number of units to 3.61 billion, the REIT said in a filing to SGX.

Read more about Ascendas REIT.

Ascendas Hospitality Trust

The last day of trading for Ascendas Hospitality Trust’s units will be on 16 December, with delisting expected on 3 January, the trust said in a filing to SGX Thursday.

The allotment of units paid in consideration of the trust’s merger with Ascott Residence Trust will be on 31 December, the filing said.

Read more about Ascendas Hospitality Trust and Ascott Residence Trust.

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SPH REIT

SPH REIT has entered a A$205 million, or around S$194.8 million, loan facility with Westpac Banking Corp. as part of the financing of a 50 percent stake in Westfield Marion Shopping Centre in South Australia, the REIT said in a filing to SGX Thursday.

Read more: SPH REIT enters A$205 million loan facility with Westpac

Eagle Hospitality Trust

Compass Cove Assets ceased to be a substantial unitholder of Eagle Hospitality Trust, with its direct interest falling to 4.96 percent from 9 percent previously, Norbert Shih Hau Yuan said in filing to SGX Thursday.

Read more: Compass Cove ceases to be Eagle Hospitality Trust substantial unitholder

Venture Corp.

BlackRock became a substantial shareholder of Venture Corp., with its deemed interest rising to 5.07 percent from 4.96 percent, the asset manager said in a filing to SGX Thursday.

The increased interest came after an increase in collateral of 321,652 shares, the filing said.

Read more about Venture Corp.

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MindChamps PreSchool

MindChamps PreSchool said Thursday it undertook an internal restructuring to create an intermediate Australian holding company to improve performance monitoring on a country level.

Wholly owned subsidiary MindChamps Early Learning 1 (MEL1PL) increased the share capital of its wholly owned subsidiaries MindChamps Early Learning 2 (MEL2PL), MindChamps Early Learning 3  (MEL3PL) and MindChamps Early Learning 4 (MEL4PL) by A$700,000, A$9.652 million and A$5.9 million, respectively, MindChamps said in a filing to SGX. That brought their total share capital to A$701,000, A$9.653 million and A$5.901 million, respectively.

MindChamps also increased the capital of MindChamps Early Learning Australia (MELAPL) by A$38.26 million to A$79.06 million and increased the capital of MEL1PL by A$22.03 million to A$22.004 million, the filing said.

MEL1PL then transferred its entire shareholdings in MEL2PL, MEL3PL and MEL4PL to MELAPL, and it transferred its holding of MEL1PL to MELAPL for A$22 million, the filing said. The restructuring was funded with internal resources, MindChamps said.

Read more about MindChamps PreSchool.

Boustead Singapore

Boustead Singapore said Thursday J&M International Medical & Healthcare has acquired all of Beijing Echo Health and an 80 percent stake in IntellInnovation Health Technology (ChongQing) for a total of 29 million yuan, or around S$5.6 million, in equity investment and a working capital loan.

J&M International Medical & Healthcare is a 50 percent owned associated company of Boustead’s wholly owned subsidiary WhiteRock Inc. (WRI), Boustead said in a filing to SGX.

WRI’s core business has shifted toward rehabilitation products and services for chronic disease patients, while EchoHealth provides rehabilitation services, training and education to healthcare facilities, the filing said. IntellInnovation is a startup which assembles and manufactures rehabilitation products, it added.

Read more about Boustead Singapore.