UPDATE: Singapore stock briefs Monday: Wilmar, Mapletree Logistics, Nanofilm, Viking Offshore, Chip Eng Seng, Kangda, Yanlord

Singapore street scene in Tanjong Pagar neighborhood; taken 31 August 2018.Singapore’s Tanjong Pagar neighborhood.

These are Singapore companies which may be in focus on Monday, 23 August 2021: Mapletree Logistics Trust, Nanofilm Technologies International, Viking Offshore, Chip Eng Seng, China Kangda Food, Yanlord Land and Uni-Asia Group.

This item was originally published on Sunday, 22 August 2021 at 12:26 p.m. SGT; it has since been updated to include an item on Wilmar.

Wilmar

The proposed initial public offering (IPO) of Adani Wilmar (AWL), a 50:50 joint venture between the Adani Group and Singapore-listed Wilmar, has been put on hold by the Securities and Exchange Board of India, according to a posting on SEBI’s website.

Read more: Adani Wilmar IPO placed on hold by India’s regulators

Mapletree Logistics Trust

Mapletree Logistics Trust will acquire the Mapletree Logistics Hub located at Port Tanjung Pelepas, Johor Darul Takzim in Malaysia via an asset-backed securitisation (ABS) deal after efforts to acquire the property previously had lapsed due to pandemic-related difficulties getting approval from the Johor Port Authority, the trust said in a filing to SGX Friday.

Read more: Mapletree Logistics to acquire Malaysia property via asset-backed securitisation

Nanofilm Technologies International

The Capital Group Companies (CGC) reported Friday its deemed interest in Nanofilm Technologies International declined to 6.61 percent from 7.09 percent after the disposal of around 3.14 million shares at an average S$3.95 each in a market transaction.

Read more: Capital Group Cos cuts holding in Nanofilm Technologies

Viking Offshore

Viking Offshore and Marine’s shares are set to resume trade Monday after providing assurances it can operate as a going concern and after new major shareholders provided working capital and loans.

Read more: Viking Offshore shares to resume trade Monday

Chip Eng Seng

Chip Eng Seng has entered a deal to sell its shophouse property located at 157, 159 and 161 Geylang Road to an unrelated party for S$8.63 million, the company said in a filing to SGX late Friday.

Read more: Chip Eng Seng enters deal to sell Geylang shophouse for S$8.63M

 

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China Kangda Food

China Kangda Food warned Friday it expected to report a net loss of around 39.8 million yuan for the first half, wider than the net loss of 1.6 million yuan in the year-earlier period.

“The main reasons for the increase in net loss were mainly attributable to the decrease in gross profit due to the increase in the price of raw materials of animal feed ingredients and the recognition of loss on disposal of under-utilised or obsolete property, plant and equipment,” the company said in a filing to SGX.

China Kangda Food said it expected to release its results on 30 August.

Nanofilm Technologies International

Dr. Shi Xu, founder of Nanofilm Technologies International, reported Friday his total interest in the company increased to 55.04 percent from 54.95 percent due to recent share buybacks, which decreased the stock’s free float.

Shi’s direct interest in the company increased to 7.72 percent from 7.71 percent and his deemed interest increased to 47.32 percent from 47.24 percent, it said in a filing to SGX.

Yanlord Land

Zhong Sheng Jian, chairman and CEO of Yanlord Land, bought 3.27 million shares of the company in the market for a total S$3.79 million, increasing his direct interest in the company to 5.175 percent from 5.006 percent previously, according to a filing to SGX Friday.

Via Yanlord Holdings, which is 95 percent-owned by Zhong, with his spouse holding the remainder, Zhong holds an additional 66.185 percent deemed interest in Yanlord Land, bringing his total interest to 71.36 percent after the share purchase, the filing said.

Chip Eng Seng

Chip Eng Seng’s subsidiary Invictus International School has entered a collaboration with Sathitpathum Demonstration School (SPS), based in the Bangkok metropolitan area, to offer the international curriculum developed by Invictus International to its students, the Singapore-listed company said in a filing to SGX Friday.

Under the deal, SPS will pay Invictus Internatonal royalty and service fees based on a percentage of total revenue, an annual performance-based fee and an annual profit-based amount, the filing said.

“The entry into the education sector in Thailand is in line with the group’s strategic plans to optimise usage of its proprietary brands,” Chip Eng Seng said. “The collaboration will allow the group to leverage on SPS’ student population, networks, resources, existing premises and familiarity with the education sector in Thailand, which will result in cost-savings while also maximising revenue streams.”

Uni-Asia Group

Michio Tanamoto, Uni-Asia Group’s executive chairman, has acquired 30,000 shares of the company for a total S$31,500 in a market transaction, increasing his direct interest to 3.18 percent from 3.14 percent previously, according to a filing to SGX Friday.

 

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