These are Singapore companies which may be in focus on Thursday, 28 July 2021: Ascendas India Trust, Keppel Infrastructure Trust, Suntec REIT, Stamford Land, Creative Technology and Transit-Mixed Concrete.
This item was originally published on Wednesday, 28 July 2021 at 20:08 SGT; it has since been updated to include Keppel Corp., CapitaLand China Trust (CLCT), Keppel Pacific Oak US REIT (KORE), ESR-REIT and IREIT Global.
Keppel Corp. plans to sell residential property developer Chengdu Shengshi Jingwei Real Estate to subsidiaries of Chinese property developer China Vanke for around 1.561 billion yuan, or around S$324 million, the Singapore company said Thursday.
CapitaLand China Trust
CapitaLand China Trust (CLCT) reported Thursday its first half net property income climbed 84.4 percent on-year to S$120.34 million mainly on the new contribution from the business park portfolio, a 100 percent contribution from the Rock Square property and a new contribution from CapitaMall Nuohemule.
Ascendas India Trust
Ascendas India Trust reported Wednesday its first half net property income rose 5 percent on-year to S$77.3 million, mainly on the completion of the Endeavour building in Bangalore in November 2020 and the acquisition of the aVance 6 building in Hyderabad in March.
Keppel Infrastructure Trust
Keppel Infrastructure Trust swung to a first half loss attributable to unitholders of S$2.95 million from a year-ago profit of S$45.18 million after a S$17 million impairment on water treatment player Ixom’s assets.
Keppel Pacific Oak US REIT
Keppel Pacific Oak US REIT’s private placement to raise around US$65 million was more than two times subscribed, with strong demand from new and existing unitholders, including institutional and accredited investors, the REIT said late Wednesday.
ESR-REIT priced S$125 million in unsecured fixed rate notes due 2026 at 2.60 percent after the offering was more than 2.2 times subscribed, meeting with strong demand from institutional investors.
Suntec REIT said Wednesday it has completed the acquisition of The Minster Building, located at 3 Minster Court in London, with the total acquisition outlay, including acquisition fees payable to the REIT’s manager, at 360.1 million British pounds, or around S$680.5 million.
IREIT Global said Wednesday it has used around S$111.6 million of the S$126.7 million raised in a placement of new units and a preferential offering to partially finance the acquisition of a portfolio of 27 retail properties in France, which has now been completed.
Creative Technology said Wednesday it has completed the sale of its property located at 1901 McCarthy Boulevard, Milpitas, California, to an unrelated party.
Stamford Land said Wednesday a resolution to renew its share buyback mandate was put to a vote at its annual general meeting and was passed by 99.99 percent.
Chua Keng Woon has become a substantial shareholder of Transit-Mixed Concrete after acquiring 11 million shares for S$1.54 million in a placement, according to a filing to SGX Wednesday.
Chua’s stake in the company rose to 10.8 percent from 0.38 percent previously, the filing said.
Chua is an independent director on the boards of Hai Leck Holdings and Asiamedic