UPDATE: Singapore stocks Friday: Frasers Property, CapitaLand Investment, Temasek, Nanofilm, Keppel, Cromwell European REIT, Oxley, Darco, Hwa Hong, LHN

Frasers Property tower and CapitaLand’s Capital TowerFrasers Property tower and CapitaLand’s Capital Tower

These are Singapore companies which may be in focus on Friday, 24 September 2021: Frasers Property, Keppel Corp., CapitaLand Investment, Cromwell European REIT, Oxley Holdings, Darco Water Technologies, Hwa Hong Corp., GS Holdings, LHN Group, Mercurius Capital Investment, Hatten Land, First Ship Lease Trust, Karin Technology, Geo Energy Resources and SinoCloud Group.

This item was originally published on Friday, 24 September 2021 at 12:47 a.m. SGT; it has since been updated to include SIA Engineering, IREIT Global, Nanofilm and Temasek.

Frasers Property

Frasers Property AHL (FPAHL), a subsidiary of Frasers Property Australia, has issued S$200 million sustainability notes due October 2028 at 3 percent, marking the group’s second issuance of sustainability notes this year, Frasers Property said in a filing to SGX Thursday.

Read more: Frasers Property issues S$200M sustainability notes to finance Australia portfolio 

Keppel Corp.

Keppel Corp. said Thursday Calcium DC, a 60-40 joint venture between Alpha DC Fund and Keppel Data Centres, has completed the divestment of the data center facility Keppel DC Frankfurt 1 in Germany to a wholly owned subsidiary of Iron Mountain Inc.

Read more: Keppel funds to sell Frankfurt data center to Iron Mountain for EUR76M

CapitaLand Investment

Ko Kai Kwun Miguel @ Ko Miguel, chairman of CapitaLand Investment, increased his holding in the company, acquiring 600,000 shares for S$3.4279 each in a market transaction, taking his direct interest to 0.025 percent from 0.014 percent, according to a filing to SGX Thursday.

SIA Engineering

SIA Engineering has signed a deal with Hawaiian Airlines to expand its airframe maintenance services for the carrier’s Airbus A330-200 fleet, the Singapore-listed company said in a filing to SGX Friday.

Read more: SIA Engineering signs maintenance deal with Hawaiian Airlines

Nanofilm and Temasek

Temasek Holdings’ subsidiary Venezio Investments has completed its acquisition of 6.59 million Nanofilm Technologies shares from Shi Xu, the company’s controlling shareholder, for S$27.12 million, Singapore’s state-owned investment company said in a filing to SGX Friday.

The deal increased Venezio’s total interest to 7.22 percent from 6.22 percent previously, the filing said.

Read more: Temasek subsidiary Venezio enters deal to buy some Nanofilm shares from controlling shareholder

IREIT Global

IREIT Global has entered a deal to acquire the Parc Cugat office building in Barcelona, Spain, from Madrid-listed Inmobiliaria Colonial, SOCIMI, S.A. for 27.2 million euro, or around S$43.1 million, the REIT said in a filing to SGX Friday.

Read more: IREIT Global to acquire Barcelona office building for around 27M euro

Cromwell European REIT and UBS

UBS Group AG became a substantial shareholder of Cromwell European REIT as its deemed interest climbed over the 5 percent threshold after an increase of 1.465 million units due to collateral delivered, according to a filing to SGX Thursday.

UBS’s deemed interest rose to 5.02 percent from 4.75 percent previously, the filing said.

Oxley Holdings

Oxley Holdings said Thursday it has priced S$85 million 6.9 percent notes due 2024 in its series 004 tranche 2, which will mature on 8 July 2024. The notes are expected to be issued on 30 September, Oxley said in a filing to SGX.

The net proceeds will be used for financing the purchase of the outstanding S$150 million 5.70 percent notes due 2022, and for general corporate purposes, including the refinancing of borrowings and working capital and capital expenditure requirements, the filing said.

The notes will be combined in a single series with the existing S$70 million 6.90 percent notes due 2024 in series 004 tranche 1 under the US$1 billion guaranteed euro medium term note program, the filing said.

Oxley Holdings

Oxley Holdings said Thursday its invitation to buy back part of its S$150 million 5.70 percent series 002 notes due 2022 received valid acceptances of S$49.75 million, which will be settled on or around 30 September.

Following the cancellation of the final accepted notes, the aggregate principal amount outstanding will be S$100.25 million, Oxley said in a filing to SGX.

Read more: Oxley offers to buy back part of S$150M notes due 2022

Darco Water Technologies

Darco Water Technologies has issued a notice of rejection to Wang Zhi over the Gaoyi Project, and it will not be proceeding with the proposed acquisition, the company said in a filing to SGX Thursday.

Read more: Darco Water: Won’t proceed with acquisition of Gaoyi Project

Hwa Hong Corp.

Roswell Assets become a substantial investor in Hwa Hong Corp., acquiring 40 million shares for S$14.8 million in an off-market transaction, for an initial stake in the company of 6.128 percent, Seow Voon Ping, a director of Roswell Assets, said in a filing to SGX Thursday.

Hwa Hong is a property investor with commercial, residential and retail properties in the United Kingdom, and industrial, commercial and healthcare assets in Singapore.

GS Holdings

GS Holdings has signed a franchise agreement with Singapore food and beverage entrepreneurs Tan Yan Shan and Lim Yee Min to develop and operate chicken rice outlets in Qatar under the Sing Swee Kee brand name, the company said in a filing to SGX Thursday.

Read more: GS Holdings to franchise Sing Swee Kee chicken rice brand to Qatar

 

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LHN Group

LHN Group’s wholly owned subsidiary Coliwoo Holdings and Four Star have established a joint venture, which will be held 40:60 respectively, to acquire the properties located at 471-473 Balestier Road in Singapore, the company said in a filing to SGX Thursday. The property at 471-473 Balestier Road, which is currently a hotel, is intended to be acquired to operate a co-living hotel, the filing said.

The joint venture has entered an option to purchase 471-473 Balestier Road for S$15 million, the filing said.

Four Star, which has trading spring mattresses and related furniture products, is 50:50 joint venture between LHN Group’s wholly owned subsidiary Singapore Handicrafts and W&S Star. LHN Group will have effective 70 percent control of the Balestier joint venture, the filing said.

Read LHN Group’s statement on the joint venture.

Mercurius Capital Investment

Chang Wei Lu, CEO of Mercurius Capital Investment, acquired around 2.98 million shares in the company in a market transaction for around S$250,060, according to a filing to SGX Thursday.

The transaction increased Chang’s stake to 25.16 percent from 24.93 percent previously, the filing said.

Hatten Land

MDSA Resources, as the issuer for Hatten Land, will be issuing new notes of 13.35 million ringgit with a maturity date of 26 September 2022 and a coupon rate of 7.0 percent, the company said in a filing to SGX Thursday. The proceeds will be used to repay maturing outstanding notes under the medium-term note program, the filing said.

First Ship Lease Trust

First Ship Lease Trust said Thursday it accepted an offer of financing from a reputable Taiwanese financial institution to finance the newly acquired vessel Pelican Fisher, formerly known as Anuket Amber, for a US$3.95 million loan with a maturity of seven years from the drawdown.

Read more: First Ship Lease Trust to acquire tanker and long-term charterer

Karin Technology

Karin Technology’s subsidiary Karin Electronic International Trading (Shanghai) entered a deal to sell its property at Unit 709 on Level 7, Tower 1, Kerry Everbright City, No. 218 Tian Mu Road West, Zhabei District, Shanghai, for 3.86 million yuan, or around HK$4.66 million, the company said in a filing to SGX.

Geo Energy Resources

Geo Energy Resources said Thursday it has issued 650,000 new shares related to the grant of options in 2019, with the new shares set to begin trading on 27 September.

SinoCloud Group

Alexander Shlaen, an independent director at SinoCloud Group, sold 883,200 shares in the market for S$883.20, taking his stake to 0.398 percent from 0.404 percent previously, according to a filing to SGX Thursday.

Shlaen did not immediately return Shenton Wire’s request for comment, which was sent outside office hours.

SinoCloud Group, formerly known as Armarda Group, provides IT and internet data center services; the company holds an around 60 percent effective stake in Guiyang Zhongdian Gaoxin Digital Technologies, a data center in Guizhou province, China, with a hosting capacity of up to 5,000 racks. The remainder of the data center is held by Guiyang Gaoxin Big Data Fund.

 

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