UPDATE: Singapore stocks Tuesday: CapitaLand Investment, CLCT, Ntegrator, OxPay, NutryFarm, iFAST, MeGroup, Libra

Top of the CapitaLand building in Singapore’s central business district (CBD); taken September 2018.Top of the CapitaLand building in Singapore’s central business district (CBD); taken September 2018.

These are Singapore companies which may be in focus on Tuesday, 12 October 2021: Ntegrator International, OxPay Financial, NutryFarm, iFAST Corp., MeGroup, Libra Group, Mercurius Capital Investment, Singapore Myanmar Investco and SMI Vantage.

This item was originally published in Tuesday, 12 October 2021 at 1:26 a.m. SGT; it has since been updated to include CapitaLand China Trust and CapitaLand Investment.

CapitaLand China Trust

CapitaLand China Trust plans to acquire a portfolio of four logistics assets, located in the  logistics hubs of Shanghai, Kunshan, Wuhan and Chengdu for around 1.68 billion yuan, or around S$297.7 million, marking its entry into a new property segment, the China-focused trust said in a filing to SGX Tuesday.

The trust launched a private placement of around 103 million new units at S$1.165 to S$1.199 each to raise at least S$120 million.

Read more: CapitaLand China Trust enters logistics sector with plan to acquire 4 China properties

CapitaLand Investment

CapitaLand Investment bought back 2 million shares in the market on Monday at S$3.37 to S$3.38 each for a total consideration, including other costs, of around S$6.76 million, the company said in a filing to SGX before the market open Tuesday.

Read more: Singapore share buybacks Tuesday: CapitaLand Investment

Ntegrator

Zhou Qilin has sold part of her stake in Ntegrator International, disposing of around 15.51 million shares in the market for S$243,623, according to a filing to SGX Monday.

Read more: Zhou Qilin sells part of Ntegrator stake

OxPay Financial

OxPay Financial has appointed Worldpay, which was acquired by Fidelity National Information Services (FIS) in 2019, to provide merchant acquiring services in Singapore for offering e-commerce Visa and MasterCard processing, the Singapore-listed payment facilitator said in a filing to SGX Monday.

Read more: OxPay taps Worldpay for merchant acquiring services in Singapore

NutryFarm

NutryFarm International said Monday its indirectly wholly owned subsidiary Global Agricapital (Thailand) has landed a sales order of around 65 million yuan from Anhui Dingguan Supply Management to deliver 100 containers of fresh durians from Thailand to China.

Read more: NutryFarm lands around 65M yuan order for fresh Thai durians

iFAST Corp.

IFAST Corp. said Monday iFAST Global Markets Singapore’s assets under administration (AUA) crossed the S$1 billion mark as of end-September, rising around 62 percent on-year.

“The wide range of products and services available on our platform, our wealth advisers’ commitment in providing quality and transparent advice to investors, as well as our capability in empowering wealth advisers to better scale up their business through the use of technology, are the key factors leading to this milestone achievement,” Terence Lin, general manager of iGM Singapore, said in the statement.

IGM Singapore is the wealth advisory arm of iFAST Financial, the Singapore subsidiary of SGX-listed iFAST Corp.

Read iFAST’s statement on the AUA increase.

MeGroup

MeGroup said Monday it will set up a new facility in Kulim Hi-tech Park in Kedah, Malaysia, to expand its components manufacturing line and operate as its Northern manufacturing hub.

Read more: UPDATE: MeGroup to set up additional assembly line and become Honda used-car dealer

Libra Group

Libra Group said Monday it has received a letter of demand from the solicitor representing Mitsubishi HC Capital Asia Pacific for S$14,309 allegedly owed by Libra subsidiary Kin Xin Engineering for alleged breach of a hire purchase contract.

Mitsubishi’s solicitor has claimed Libra is a guarantor for all sums owed by Kin Xin to Mitsubishi, Libra said in a filing to SGX.

Libra said it was seeking legal advice on the letter of demand.

Mercurius Capital Investment

Chang Wei Lu, CEO of Mercurius Capital Investment, bought around 1.12 million shares in the market for around S$85,052, increasing his total holding in the company to 25.37 percent from 25.29 percent previously, according to a filing to SGX Monday.

The company is an investment holding company focused on development and investment in hotel resort properties in Thailand; it currently has the Sheraton Phuket Grand Bay Resort under development.

Singapore Myanmar Investco and SMI Vantage

SMI Vantage will be the new English trading counter name of the company formerly known as Singapore Myanmar Investco, effective Tuesday, the company said in a filing to SGX Monday. The trading code of Y45 will remain unchanged.

 

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