UPDATE: Singapore stock briefs Thursday: Nanofilm, Temasek, LMIR Trust, Tiong Seng, Ezion, Shen Yao

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These are Singapore companies which may be in focus on Thursday, 26 August 2021: Nanofilm Technologies International, Lippo Malls Indonesia Retail Trust (LMIR Trust), Tiong Seng Holdings, Ezion Holdings and Shen Yao Holdings.

This item was originally published on Thursday, 26 August 2021 at 12:33 a.m. SGT; it has since been updated to include ESR-REIT. 

Nanofilm and Temasek

Singapore state-owned investment company Temasek Holdings’ deemed interest in Nanofilm Technologies International increased to 6.04 percent from 5.93 percent after indirect subsidiary Venezio Investments acquired 764,100 shares in the market for around S$3.05 million, according to a filing to SGX Wednesday.

Read more: Temasek subsidiary increases stake in Nanofilm Technologies

ESR-REIT

ESR-REIT’s 124.07 million new preferential-offering units were set to begin trade on Thursday, the REIT said in a filing to SGX.

The units were up 1.06 percent at S$0.475 at 9:03 a.m. SGT.

Read more: ESR-REIT preferential offering meets strong demand

Lippo Malls Indonesia Retail Trust

Lippo Malls Indonesia Retail Trust has reopened another seven retail malls and two retail spaces, bringing to a total of 19 retail malls and four retail spaces now allowed to reopen amid easing pandemic-related restrictions in Indonesia, the trust said in a filing to SGX Wednesday.

Read more: LMIR Trust reopens additional malls as Indonesia eases some Covid precautions

Tiong Seng Holdings

Tiong Seng Holdings said Wednesday it has adopted the new software integration offered by field-management software developer Novade with Autodesk Construction Cloud, which provides software for a builders network and predictive data for construction teams. The software combination connects data between office and field teams on construction projects.

In a press release from Novade filed to SGX, Colin Tan, Tiong Seng Contractors’ deputy managing director said, “Being able to share information between our existing data platforms is essential for us to reduce bottlenecks in our industry. Our teams now have full project and progress visibility whether they are on or offsite with access to real-time quality and safety data.”

Singapore’s government has been pushing the construction sector to digitise more of its design and management processes to improve productivity.

Ezion Holdings

Ezion Holdings said Wednesday it has submitted an application to SGX for an eight month extension to file a proposal to resume trading in its shares as it needs more time to consider restructuring options and formalise plans.

“In order for the shares to resume trading, the company would need to return to a solvent financial position and address the going concern of the company, and this would involve negotiating and securing an investor to recapitalise and/or deleverage the company,” Ezion said in a filing to SGX. “Such an exercise would require an injection of funds from an investor, and would need to include a debt-to-equity conversion of a very significant portion of the remaining liabilities of the company after the disposal of all its liftboats, rigs, vessels and barges.”

Shen Yao Holdings

Shen Yao Holdings said Wednesday Zhou Ying, age 51, has resigned as deputy CEO and financial controller as she wanted to explore other opportunities.

Zhou Ying has confirmed she isn’t aware of any concerns regarding the group’s financial reporting, Shen Yao Holdings said in a filing to SGX, adding she will remain a consultant to the group through year-end.

 

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