UPDATE: Singapore stocks Monday: ST Engineering, Yoma, Blumont, Nanofilm, Temasek, IREIT Global, ComfortDelGro, Kimly, Addvalue

Singapore’s central business district (CBD), including Lau Pa Sat hawker centerSingapore’s central business district (CBD), including Lau Pa Sat hawker center

These are Singapore companies which may be in focus on Monday, 4 October 2021: Blumont, Nanofilm Technologies, Temasek Holdings, IREIT Global, Bond Capital Partners, ComfortDelGro, Kimly, Megachem, Addvalue Technologies and Interra Resources.

This item was originally published on Saturday, 2 October at 1:03 a.m. SGT; it has since been updated to include ST Engineering,  Yoma Strategic Holdings, LHN Group, MS Holdings, Tiong Woon Corp., Global Palm Resources and Cosco Shipping International (Singapore).

ST Engineering

ST Engineering has entered a deal to acquire TransCore Partners and TLP Holdings from a wholly owned subsidiary of U.S.-listed Roper Technologies for US$2.68 billion, or around S$3.62 billion, in cash, the Singapore-listed aerospace and defense contractor said in a filing to SGX Sunday.

Read more: UPDATE: ST Engineering to acquire TransCore from Roper Technologies for US$2.68B

Blumont

Blumont Group has entered a deal to acquire the Natra Bintan, a Tribute Portfolio Resort located within the waterfront resort development Treasure Bay Bintan in Riau Islands Province, Indonesia, as well as nearby land lots for a total of S$78.4 million, the company said in a filing to SGX Friday.

Read more: Blumont to acquire Natra Bintan resort hotel and nearby land lots for S$78.4M in all-share deal

Nanofilm Technologies and Temasek Holdings

Nanofilm Technologies said Friday its joint venture with Singapore state-owned investment company Temasek Holdings‘ indirect wholly owned subsidiary Venezio Investments has completed the first tranche of its initial investment into Sydrogen Energy of S$50 million in cash and a non-cash consideration of S$70 million.

Sydrogen Energy is now 65 percent held by Nanofilm, with the remainder held by Temasek, Nanofilm said in a filing to SGX.

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

IREIT Global and Bond Capital Partners

IREIT Global’s manager IREIT Global Group has disposed of 2.19 million units of the REIT to Bond Capital Partners for S$0.6155 each, the manager said in a filing to SGX Friday.

Read more: Bond Capital Partners increases IREIT Global stake

Yoma Strategic Holdings

Kopernik Global Investors has become a substantial shareholder of Yoma Strategic Holdings after acquiring 850,000 shares in the market at S$0.127 each, according to a filing to SGX Saturday.

Read more: Kopernik Global Investors becomes substantial holder of Yoma Strategic

ComfortDelGro

ComfortDelGro’s wholly owned indirect subsidiary Forest Coach Lines has acquired a five-bus school bus business in Narrabri, New South Wales, Australia, from KA & VK Stubbs for around A$2 million, or around S$1.95 million, the land-transport company said in a filing to SGX Friday.

Read more: ComfortDelGro acquires school-bus business from KA & VK Stubbs in Australia

LHN Group

LHN Group has entered a joint venture deal with Way Assets and Lim Hock San for the acquisition of the Tuas South property, the company said in a filing to SGX Sunday.

Read more: LHN Group enters JV with Way Assets, Lim Hock San for acquisition of Tuas South property

MS Holdings and Tiong Woon

MS Holdings said Sunday its subsidiary, MS Equipment, has entered a deal to sell a used Liebherr Telescopic Mobile Crane to Tiong Woon Crane & Transport, a subsidiary of Tiong Woon Corp., for S$3.8 million in cash, compared with the around S$6.2 million book value of the equipment as of end-April.

“The equipment has been underutilised in the last couple of years due to stiff competition and oversupply of large cranes in the Singapore market. The board and management having considered the current economic and market conditions, and the likelihood of recovery in terms
of rental rates for larger cranes, have decided to proceed with the proposed disposal,” MS Holdings said in the statement filed to SGX.

After the repayment of the outstanding loan related to the crane, the company will see net cash proceeds of around S$3.4 million, MS Holdings said.

Read MS Holdings’ statement on the deal.

Kimly

Kimly has completed the acquisition of a 75 percent stake in the Tenderfresh Business, which includes central kitchens, restaurants, kiosks, food stalls and customer relationships, for S$54 million, the Singapore-style coffee shop operator said in a filing to SGX Friday.

Read more: Kimly completes acquisition of 75 percent stake in Tenderfresh

Global Palm Resources

Global Palm Resources said Monday its 95 percent-owned subsidiary PT Prakarsa Tani Sejati has completed the acquisition of an office unit at Treasury Tower located in the Sudirman Central Business District.

Read more: Global Palm Resources enters deal to acquire South Jakarta office space for S$7.4M

Megachem

Megachem’s 36.19 percent owned associated company Megachem (Thailand) has completed the acquisition 55 percent of Green Leaf Chemical for 82.5 million baht, or around S$3.37 million, Megachem said in a filing to SGX Friday.

The deal gives Megachem an effective around 19.9 percent interest in Green Leaf Chemical, which imports and distributes chemicals for manufacturing cosmetics and nutraceuticals, resulting in Green Leaf Chemical becoming an indirect associated company of Megachem, the filing said.

Addvalue Technologies

Addvalue Technologies said Friday that Industrial Technology Research Institute (ITRI), an applied technology research institute founded in 1973, was the unnamed customer which in April entered a deal with subsidiary Addvalue Solutions for the supply of new IDRS terminal and related airtime services.

The customer’s name was disclosed as Addvalue is no longer constrained by non-disclosure obligations, the company said in a filing to SGX. ITRI is one of the company’s six existing IDRS customers, including Capella Space and Analytical Space, Addvalue said.

Cosco Shipping International (Singapore)

Cosco Shipping International (Singapore) said Monday the Singapore Land Authority granted its subsidiary Cogent Land Capital a final extension on the lease of the state property The Grandstand, located at 200 Turf Club Road.

The property, a shipping hub at Bukit Timah, has been managed by Cogent Land since 2012 and has been part of its property management business, the company said in a filing to SGX, adding it would explore options for that segment.

Interra Resources

Interra Resources’ 60 percent-owned joint venture Goldpetrol Joint Operating Co. has completed development well CHK 1223 in the Chauk oil field in Myanmar as an oil producer, the company said in a filing to SGX Friday.

CHK 1223 is the fifth well to be completed as an oil producer in Myanmar this year, with completion through casing perforations over 113 feet covering 10 reservoirs for 78 barrels of oil a day, Interra said.

 

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