UPDATE: Singapore stock briefs Tuesday: Nanofilm, ESR-REIT, NetLink NBN, AIMS APAC REIT, Soilbuild REIT, SingHaiyi

A Singapore street scene in 1968; photo taken by Leonard Shaffer.

These are Singapore companies which may be in focus on Tuesday, 24 August 2021: Nanofilm Technologies International, NetLink NBN Trust, AIMS APAC REIT, Soilbuild Business Space REIT, SingHaiyi Group and HC Surgical Specialists.

This item was originally published on Tuesday, 24 August 2021 at 12:25 a.m. SGT; it has since been updated to include ESR-REIT, Singapore Myanmar Investco (SMI) and Metech Internatonal. 

ESR-REIT

ESR-REIT’s preferential offering met strong demand from unitholders, coming in around 3.6 times subscribed, raising S$49.6 million, the industrial REIT said in a filing to SGX Tuesday.

Read more: ESR-REIT preferential offering meets strong demand

Nanofilm Technologies International

Singapore state-owned investment company Temasek’s deemed interest in Nanofilm Technologies International declined to 5.98 percent from 6.04 percent after the sale of 450,000 shares for a total S$1.95 million, according to an SGX filing Monday.

Read more: Temasek subsidiary cuts holding in Nanofilm Technologies

NetLink NBN Trust

NetLink NBN Trust reported Monday its fiscal first quarter profit after tax increased 5.3 percent on-year to S$24.8 million on revenue of S$93.4 million, up 5.0 percent on-year, mainly on higher installation-related revenue, residential NBAP and segment connections revenue and diversion revenue, partly offset by lower Central Office revenue.

Installation-related revenue was the most significant component to the increases for the April-to-June period as contractor resources normalised compared with the year-earlier period, which included Singapore’s Circuit Breaker to stem the spread of the Covid-19 virus, the trust said in a filing to SGX.

Read more about NetLink NBN Trust’s results.

AIMS APAC REIT

AIMS APAC REIT has priced S$250 million 5.375 percent perpetual securities, with the series 003 perpetual securities to be issued under its S$750 million multicurrency debt issuance program set up in 2018, the REIT said in a filing to SGX Monday.

The first reset date for the distribution rate will be September 2026, the filing said.

The joint lead managers for the series 003 securities are DBS Bank, HSBC’s Singapore branch, OCBC and UOB, the filing said.

Soilbuild Business Space REIT

Soilbuild Business Space REIT said Monday it would allow its S$65 million fixed-rate perpetual securities, issued in 2018 and currently paying 6.0 percent per annum, to be reset on 27 September rather than redeeming them.

The REIT was taking into account its longer-term interests and the current macroeconomic environment, as well as diversification of funding sources, preserving cashflow and liquidity amid economic uncertainty and that current market conditions aren’t favorable to issue perpetual securities, according to a filing to SGX.

The reset rate will be based on the swap offer rate plus the initial spread of 3.79 percent, the filing said.

SingHaiyi Group

Yang Manlin, a non-executive independent director of SingHaiyi Group, has seen her deemed interest in the company fall to zero after Hai Run, which she controls at least 20 percent of, disposed of its entire 207 million shares, or a 4.91 percent stake, in an off-market transaction for S$18.63 million, according to a filing to SGX Monday.

HC Surgical Specialists

HC Surgical Specialists has entered a deal to acquire the 49 percent of Jason Lim Endoscopy and Surgery it doesn’t already own for around S$9 million, the Catalist-listed endoscopy group said in a filing to SGX Monday.

The purchase consideration will be 80 percent paid in cash over a two-year period, and 20 percent in shares, to be issued in two years, the filing said.

Singapore Myanmar Investco

Singapore Myanmar Investco is planning to offer new cryptocurrency mining services for institutional and retail clients, in line with its expansion into software-as-a-service (SaaS) businesses and other technology platforms, the company said in a filing to SGX Tuesday.

The company recently ordered up to 800 cryptocurrency mining machines to be delivered to locations in Southeast Asia over the next few months, and once those are operational, up to 4,000 machines may be ordered, the filing said.

Metech International

Wu Yongqiang acquired 610,000 shares of Metech International in a market transaction for S$121,088, bringing his total interest in the company to 11.61 percent from 11 percent previously, according to a filing to SGX from the e-waste management company Tuesday.

 

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