These are Singapore companies which may be in focus on Tuesday, 28 September 2021: Wilmar International, Frasers Property, Singapore Exchange (SGX), Temasek Holdings, Sembcorp Marine (SembMarine), Lippo Malls Indonesia Retail Trust (LMIRT), Global Palm Resources, VCPlus, Atlantic Navigation Holdings (Singapore), JUMBO Group, Uni-Asia Group, Incredible Holdings and SinoCloud Group.
Wilmar and Adani Wilmar
The Adani Wilmar draft red herring prospectus for its proposed initial public offering (IPO) is now “under process,” by the Securities and Exchange Board of India (SEBI), more than a month after the regulator had moth-balled the filing.
Frasers Property’s wholly owned subsidiary Frasers Property AHL has priced a second tranche of S$100 million of its 3.0 percent fixed-rate notes due 2028, the property developer said in a filing to SGX Monday.
SGX and Temasek
Marketnode, a joint venture between Singapore Exchange and Temasek Holdings, has announced partnerships with 10 banks ahead of product launches in digital issuance services, ESG bond data and digital asset depository infrastructure, SGX said in a filing Monday.
Sembcorp Marine and Temasek
Temasek Holdings’ indirect subsidiary Startree Investments reported its stake in Sembcorp Marine (SembMarine) has increased to 46.6 percent from 42.63 percent previously due to the rigbuilder’s rights issue, according to a filing to SGX Monday.
Lippo Malls Indonesia Retail Trust
Lippo Malls Indonesia Retail Trust, or LMIR Trust, said Monday the reset rate its S$140 million 7.0 percent subordinated perpetual securities would be 6.4751 percent per annum.
The first reset date is Monday, while the next reset date will be 27 September 2026, the trust said in a filing to SGX.
Global Palm Resources
Global Palm Resources reported Monday its first half swung to a net profit of 41.9 billion rupiah, from a year-earlier net loss of 4.5 billion rupiah as revenue increased on higher crude palm oil (CPO) and palm kernel average selling prices and sales volume.
VCPlus has entered a deal to acquire APEC Solutions, a developer of blockchain and fintech services, from Cedric Yap Kun Hao for S$5 million in VCPlus shares, the Catalist-listed company said in a filing to SGX Monday.
Atlantic Navigation Holdings (Singapore)
Atlantic Navigation Holdings (Singapore) said Monday it has accepted an unsolicited offer from an unrelated third party, Denmark-based Norden Gabon, to sell two towing-tug vessels, the AOS Star and AOS Energy, for a total US$1.95 million. That is less than the net book value of the two vessels of US$2.92 million, Atlantic Navigation said in a filing to SGX.
“The vessels are approaching 15 years of age which is typically the cut-off age suitable for chartering by international charterers or contractors. Currently, the vessels are not on charter, with limited imminent prospects for chartering under discussion while operational costs will continue to be incurred if not for the disposal,” the company said in the statement.
JUMBO Group has opened a new Tsui Wah outlet at Jewel Changi Airport in Singapore, following the launch of an outlet at JEM in Jurong East earlier this year, the restaurateur said in a filing to SGX Monday. The new outlet will have available seating capped at 88 seats besed on the current social distancing measures, JUMBO said.
In addition, the Orchard Road outlet, closed since December 2020, will reopen in November, the filing said.
Ham Yong Kwan, a substantial shareholder of Uni-Asia Group, increased his stake in the company, buying 690,600 shares in the market for around S$756,605, in a transaction in mid-August, according to a filing to SGX Monday.
The purchase brought Ham’s stake to 10.02 percent, up from 9.14 percent previously, the filing said.
Incredible Holdings has entered a deal to acquire Billion Credit Financial, a Hong Kong-based money-lender primarily to individuals providing assets as collateral, from Great Winner Holdings for HK$5.8 million, or around S$1 million, the company said in a filing to SGX Monday. The consideration will be paid by a promissory note with 8 percent interest per annum or other payment method, the filing said.
Great Winner Holdings is an investment holding company wholly owned by Christian Kwok-Leun Yau Heilesen, who is the executive director and controlling shareholder of Incredible Holdings, the filing said. The deal will be conditional on shareholder approval and Heilesen will abstain from voting, the filing said.
“The proposed acquisition is aligned with the group’s plan to diversify into the financing business for the provision of personal and business loan in Hong Kong,” Incredible Holdings said.
Alexander Shlaen, an independent director at SinoCloud Group, sold additional shares in the company, disposing of 12,400 shares for S$12.40 in a market transaction, according to a filing to SGX Monday.
That came after a filing Thursday saying he had sold 883,200 shares in the market.
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.