These are Singapore companies which may be in focus on Friday, 17 September 2021: Singapore Airlines, UOB, Tiong Seng Holdings, MoneyMax Financial, No Signboard Holdings, Hatten Land, Singapore Myanmar Invesco (SMI), Hotel Royal and Swiber Holdings.
This item was originally published on Friday, 17 September 2021 at 12:26 a.m. SGT; it has since been updated to include Frasers Property.
Singapore Airlines said Thursday the remaining S$600 million of the gross proceeds of the S$8.8 billion it raised in a 2020 rights issue has been applied toward aircraft and aircraft-related payments over the 1 July to 1 September period.
UOB said Thursday it has redeemed all of its outstanding US$700 million 3.50 percent subordinated notes due 2026, and the notes will be cancelled.
Frasers Property has priced S$200 million in fixed-rate notes due 2028 at 3.0 percent, marking its first bond offering, the property developer said in a filing to SGX Friday.
Tiong Seng Holdings
Tiong Seng Holdings’ wholly owned subsidiary Tiong Seng Contractors has been awarded a building contract of around S$380 million, the company said in a filing to SGX Thursday.
The contract isn’t expected to have a material impact on net tangible assets and earnings per share for the current financial year, the filing said.
MoneyMax Financial Services is proposing a bonus issue of one new bonus share for every four existing shares held, the pawnshop operator said in a filing to SGX Thursday.
No Signboard Holdings
Lim Yong Sim (Lin Rongsen), executive chairman and CEO of No Signboard Holdings, acquired 498,300 shares of the iconic Singapore chilli crab restaurateur in the market for a total of around $21,874, the company said in a filing to SGX Thursday.
That increased Lim’s direct interest to 0.12 percent from 0.01 percent previously, the filing said. In addition, Lim is considered to have a deemed interest in 54.91 percent of No Signboard via shares held by GuGong, the filing said.
Hatten Land and Singapore Myanmar Investco (SMI)
Hatten Land said Thursday it has signed a memorandum of understanding with Singapore Myanmar Investco (SMI) to jointly explore business opportunities in cryptocurrency mining, including installing mining machines at its assets in Melaka, Malaysia, as energy-efficient “green” operations.
Hotel Royal Ltd. plans to cease operations at its hotel in Penang, Malaysia, as part of a group restructuring exercise, the hotel operator said in a filing to SGX Thursday.
Swiber Holdings said Thursday its judicial managers have filed applications with the High Court of Singapore to distribute up to 12.2 percent of the shares in “New Swiber,”a new subsidiary of the company, to unsecured creditors, and up to 1.8 percent of the shares to unsecured creditors of Swiber Offshore Construction, for which judicial managers were appointed.
Creditors will have until 7 October to file affidavits for the proposal, Swiber said in a filing to SGX.