Singapore stock briefs Wednesday: LMIR Trust, Temasek, Ascendas REIT, Frasers Logistics, Addvalue, Aspial, Maxi-Cash

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These are Singapore companies which may be in focus on Wednesday, 18 August 2021: Lippo Malls Indonesia Retail Trust, Temasek Holdings, Ascendas REIT, Frasers Logistics & Commercial Trust, Addvalue Technologies, Aspial Corp. and Maxi-Cash Financial Services.

Lippo Malls Indonesia Retail Trust

Lippo Malls Indonesia Retail Trust said Tuesday its S$140 million 7.00 percent subordinated perpetual securities would not be redeemed on 27 September and instead the rate would be reset on that date to the prevailing five-year swap offer rate plus the initial spread of 5.245 percent.

Read more: LMIR Trust won’t redeem its S$140M 7 percent perpetual securities

Temasek Holdings and Ascendas REIT

Temasek Holdings’ deemed interest in Ascendas REIT fell to 880.75  million units, or a 20.99 percent stake, from 881.15 million units, or a 21 percent stake, after DBS Bank disposed of 400,000 units for S$1.266 million, the Singapore state-owned investment company said in a filing to SGX Tuesday.

Temasek doesn’t have a direct interest in Ascendas REIT, but it has a deemed interest via its stakes in DBS, Keppel Corp., CLA Real Estate Holdings, SeaTown Holdings and Fullerton Fund Management Co., the filing said.

Frasers Logistics & Commercial Trust

Moody’s Investors Services will no longer maintain a corporate credit rating on Frasers Commercial Trust (FCOT) and FCOT Treasury, which is the issuer under a S$1 billion multicurrency medium-term note program, the trust’s manager said in a filing to SGX Tuesday.

FCOT Treasury is a wholly owned subsidiary of FCOT, which is a sub-trust of Frasers Logistics & Commercial Trust, the filing said.

In a separate statement, Moody’s said it withdrew its Baa2 long term issuer ratings and stable outlook “for its own business reasons.”

Addvalue Technologies

Addvalue Technologies attributed its stock’s more than 30 percent plunge Tuesday to the market potentially holding a “misguided perception” that the company hasn’t been successful in making funding arrangements or that it might be without options for its repayment obligations.

Read more: Addvalue Tech attributes share plunge to ‘misguided’ view on funding arrangements

Aspial Corp. and Maxi-Cash Financial Services

Aspial Corp.’s stake in Maxi-Cash Financial Services fell to 64.49 percent from 64.63 percent after Aspial transferred 1.46 million Maxi-Cash shares to Aspial employees, the company said in a filing to SGX Tuesday.

 

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