UPDATE: Singapore stock briefs Tuesday: Wilmar, Keppel, SPH, Ascendas REIT, Credit Bureau Asia, Asian Healthcare Specialists, Raffles Education

Keppel REIT’s Ocean Financial CenterKeppel REIT’s Ocean Financial Center. Photo taken pre-Covid.

These are Singapore companies which may be in focus on Tuesday, 3 August 2021: Keppel Corp., Singapore Press Holdings (SPH), SPH REIT, Keppel REIT, Ascendas REIT, Credit Bureau Asia and Asian Healthcare Specialists.

This item was originally published on Monday, 2 August 2021 at 19:45 SGT; it has since been updated to include Wilmar, Raffles Education and Frasers Logistics & Commercial Trust. 

Wilmar

Adani Wilmar (AWL), a 50:50 joint venture between the Adani Group and Singapore-listed Wilmar, has filed a draft red herring prospectus with the Securities and Exchange Board of India for a proposed initial public offering (IPO) on the BSE and National Stock Exchange of India, Wilmar said in a filing to SGX late Monday.

Read more: Adani Wilmar files draft prospectus for India IPO to raise up to US$600M

Keppel, SPH, SPH REIT, Keppel REIT

Keppel Corp., Singapore Press Holdings (SPH), SPH REIT and Keppel REIT all requested, in filings to SGX after the market close Monday, that the trading halts on their shares be lifted.

On Monday, Keppel proposed acquiring SPH for S$2.24 billion, with a plan to delist and take the company private after carving out its media assets. The deal includes cash consideration of around S$1.08 billion and around 26 percent of Keppel REIT’s units valued at around S$1.16 billion, Keppel said. In addition, SPH will distribute around 45 percent of its stake in SPH REIT, valued at S$1.16 billion, to SPH shareholders.

Read more: UPDATE: Keppel proposes S$2.2B strategic acquisition of SPH

Ascendas REIT

Ascendas REIT reported Monday its first half net property income increased 14.8 percent on-year to S$445.6 million as the number of properties in the portfolio rose to 211, up from 197 in the year-earlier period.

Read more: Ascendas REIT reports 1H21 net property income rose 15 percent on acquisitions

Credit Bureau Asia

Credit Bureau Asia has signed a memorandum of understanding with Vietnamese financial data provider FiinGroup JSC to form a joint venture in Vietnam to provide analytics and data services to financial institutions, credit granting agencies, payment servicers and other data companies, the Singapore-listed company said in a filing to SGX Monday.

Read more: Credit Bureau Asia to enter Vietnam JV with FiinGroup

Asian Healthcare Specialists and Temasek

Temasek subsidiary Heliconia Capital Management has ceased to be a substantial shareholder of Asian Healthcare Specialists, the healthcare company said in a filing to SGX Monday.

Read more: Temasek subsidiary Heliconia ceases to be substantial shareholder of Asian Healthcare Specialists

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Frasers Logistics & Commercial Trust

Frasers Logistics & Commercial Trust’s manager said Monday Tricia Yeo Whay Teng, age 43, will be appointed as chief financial officer, succeeding Cher Mui Sim Susanna, who will retire effective 1 October.

Yeo will be responsible for the finances of Frasers Logistics & Commercial Trust and its manager, Frasers Logistics & Commercial Asset Management, including preparing accounts and compliance matters, the trust’s manager said in a filing to SGX.

Yeo currently is head of capital markets and treasury at the trust’s manager, and from August 2017 to April 2020, was chief financial officer at Frasers Commercial Asset Management, the filing said.

Raffles Education

Singapore tycoon Oei Hong Leong cut his stake in Raffles Education to 10.16 percent from 14 percent after selling around 52.88 million shares in the market for S$5.26 million, the Oei Hong Leong Foundation said in a filing to SGX Monday.