UPDATE: Singapore stock briefs Thursday: CLCT, Keppel, ESR-REIT, KORE, Ascendas India Trust, KIT, Creative

Singapore street scene at Duxton HillSingapore street scene at Duxton Hill

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.

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.

Read more: Keppel to sell Chengdu Shengshi Jingwei Real Estate to China Vanke for S$324M

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.

Read more: CapitaLand China Trust posts 1H21 net property income jumps 84 percent on business park portfolio acquisition

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.

Read more: Ascendas India Trust posts 1H21 net property income rose 5 percent to S$77.3M

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.

Read more: Keppel Infrastructure Trust swings to 1H21 loss on Ixom impairment

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.

Read more: Keppel Pacific Oak US REIT private placement more than two times subscribed

ESR-REIT

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.

Read more: ESR-REIT prices S$125M notes after meeting strong demand

Suntec REIT

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.

Read more: Suntec REIT to divest a Suntec City Office strata portfolio, acquire London office building

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IREIT Global

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.

Read more: IREIT Global preferential offering meets strong demand

Creative Technology

Creative Technology said Wednesday it has completed the sale of its property located at 1901 McCarthy Boulevard, Milpitas, California, to an unrelated party.

Read more: Creative Technology to sell US office property for around US$11M

Stamford Land

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.

Transit-Mixed Concrete

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