These are Singapore companies which may be in focus on Thursday, 30 September 2021: Sembcorp Industries, Keppel Corp., Chip Eng Seng, Yeoman Capital Management, Nam Lee Pressed Metal Industries, Dasin Retail Trust, Audience Analytics, Kitchen Culture, First Ship Lease Trust (FSL Trust or FSLT), Yinda Infocomm, Don Agro International and Shanaya.
This item was originally published on Thursday, 30 September 2021 at 1:31 a.m. SGT; it has since been updated to include Jardine Matheson, CapitaLand China Trust, UOB and iX Biopharma. An additional item on Sembcorp Industries has been included.
Sembcorp Industries has priced S$675 million in sustainability-linked bonds (SLB) due 2032 at 2.66 percent, the group’s first SLB issuance, with the International Finance Corp. (IFC) subscribing for S$150 million of the notes as an anchor investor, the company said in a filing to SGX Wednesday.
Sembcorp Industries said Thursday that as part of its move to shift its portfolio “from brown to green,” it was “actively developing various options,” particularly for its coal-fired power assets.
CapitaLand China Trust and UOB
UOB has provided CapitaLand China Trust’s first sustainability-linked loan, a committed term loan facility of S$150 million, which offers interest-rate reductions based on sustainability performance targets for the trust’s property portfolio, the trust said in a filing to SGX Thursday.
Keppel Corp. said Wednesday it completed the issuance of its 8 billion Japanese yen 0.99 percent notes due 2027. The notes were issued under its US$5 billion multi-currency medium-term note program, Keppel said in a filing to SGX.
Jardine Matheson plans to buyback up to US$250 million of its shares by end-June 2022 to reduce the company’s capital, the holding company said in a filing to SGX Thursday.
Chip Eng Seng
Chip Eng Seng’s wholly owned subsidiary CES Engineering & Construction was appointed by Singapore’s Housing & Development Board (HDB) as the replacement main contractor for the remaining building works at the housing project at Marsiling Grove in Woodlands, the company said in a filing to SGX Wednesday.
CES Engineering is one of five contractors taking over housing projects stalled after contractors Greatearth Construction and Greatearth Corp. ran into financial difficulties and was unable to complete the projects, according to a Straits Times report Wednesday.
Yeoman Capital Management and Nam Lee Pressed Metal Industries
Yeoman Capital Management’s fund Yeoman 3-Rights Value Asia Fund has acquired 154,900 shares of Nam Lee Pressed Metal Industries for S$0.38 a share in a market transaction, taking the fund’s direct interest to 5.061 percent, up from 4.997 percent previously, according to a filing to SGX Wednesday.
This followed Yeoman Capital Management last week acquiring 250,000 shares of Nam Lee Pressed Metal in the market.
iX Biopharma has entered a deal with China Resources Pharmaceutical Commercial Group (CRPCG), China’s third-largest pharmaceutical distributer by revenue, to license, supply and distribute Wafesil, a sublingual sildenafil wafer to treat male erectile dysfunction, in China, the Singapore-listed company said in a filing to SGX Thursday.
Once the marketing authorisation for Wafesil is obtained from China’s regulators, iX Biopharma will manufacture and supply the drug to CRPCG, which will exclusively market and distribute it on the mainland, the filing said.
Dasin Retail Trust
Dasin Retail Trust will pay its distribution payment on 4 October instead of on 28 September, the trust said in a filing to SGX Wednesday, citing a delay due to technical issues in transferring the funds.
Audience Analytics said Wednesday all 26 million of its placement shares were fully subscribed at S$0.30 each, including 18.2 million new shares and 7.8 million vendor shares, for a total S$7.8 million, of which S$5.5 million was raised for the company. The shares are expected to begin trading on Catalist on Thursday.
Kitchen Culture said Wednesday it would seek to unwind a transfer of US$480,010 made to Sino Allied (HK), with Director Lim Wee Li lodging a report with the Commercial Affairs Department (CAD) of the Singapore Police over the deal.
First Ship Lease Trust
First Ship Lease Trust (FSL Trust or FSLT) said Wednesday it has completed the disposal of the vessel FSL New York to Haein Shipping for US$10 million, compared with its net book value of around US$9 million.
Yinda Infocomm said Wednesday it has completed the acquisition of 70 percent of the enlarged capital of GenesisPro, which has acquired The Institute of Machina Learning GmbH (IML)’s intellectual property and software for its facial liveness detection, age classification and KYC (know your customer) platform.
Don Agro International
Don Agro International, a Russia-based agricultural company, has launched a joint pilot project with Smart Polymorph Technologies to use pharmaceutical innovations to improve crop production, the Singapore-listed company said in a filing to SGX Wednesday.
Shanaya, a waste-management and disposal company servicing industrial and commercial clients, said Wednesday its wholly owned subsidiary CP Lifestyle has entered a deal to sell its entire 25 percent stake in Pearl Garden Restaurant for the nominal amount of S$1.00 in cash to Food Tiang Ann, who together with his spouse and son currently owns 57.5 percent of the asset.
Pearl Garden posted a net loss of S$1.26 million for the fiscal year ended 31 March, Shanaya said in a filing to SGX.