These are Singapore companies which may be in focus on Thursday, 14 October 2021: Keppel Corp., Challenger Technologies, Dymon Asia Private Equity, AIMS APAC REIT, Duty Free International, Dasin Retail Trust Management, ASL Marine Holdings, JUMBO Group and Chuan Hup Holdings.
This item was originally published on Thursday, 14 October 2021 at 1:57 a.m. SGT; it has since been updated to include United Hampshire US REIT.
Keppel Corp. said Wednesday the settlement agreement is now effective between Fernvale and FELS Offshore, both wholly owned subsidiaries of Keppel Offshore & Marine, and Sete Brasil over the construction of six semisubmersible drilling rigs.
The agreement includes that the contracts for the drilling rigs shall be considered amicably terminated with Fernvale to take ownership of the works and equipment under the discontinued contracts for four of the entities, Keppel said in a filing to SGX.
In addition, US$259.46 million of outstanding invoices from Fernvale shall be considered a debt due from Sete Brasil subsidiaries, and will be recognised as part of the debt under the judicial reorganisation plan, the filing said.
Challenger Technologies and Dymon Asia Private Equity
Challenger Technologies has entered a deal to allot 56.55 million new shares, or 14.08 percent of the enlarged capital, to subscriber Digileap Capital, which is wholly owned by Dymon Asia Private Equity (S.E. Asia) II, the electronics retailer said in a filing to SGX Wednesday.
AIMS APAC REIT
AIMS APAC REIT reported Wednesday its net property income for the fiscal first half rose 19.4 percent on-year to S$47.71 million, mainly on the rental contribution from the 7 Bulim Street property, acquired last year, and higher gross revenue from 20 Gul Way, 8 & 10 Pandan Crescent and 541 Yishun Industrial Park A.
Duty Free International
Duty Free International reported Wednesday its fiscal second quarter net loss narrowed to 5.65 million ringgit, from a loss of 10.79 million ringgit in the year ago period, mainly on lower rental of premises, lower employee benefits costs and a lower net foreign exchange loss.
Dasin Retail Trust Management
Zhang Zhencheng has transferred a 70 percent stake, or 353,501 shares, in Dasin Retail Trust Management to New Harvest Investments, for S$8.3 million, along with an option over units in Dasin Retail Trust, according to a filing to SGX Wednesday. After the transaction, Zhang holds a 30 percent stake in Dasin Retail Trust Management, the filing said.
United Hampshire US REIT
United Hampshire US REIT said Thursday the 55.555 million new units it issued in a private placement at US$0.63 each began trading on Thursday.
The REIT’s units were unchanged at US$0.675 at 11:50 a.m. SGT.
ASL Marine Holdings’ auditor, Ernst & Young LLP, has cited a material uncertainty over the ability of the group to continue as a going concern in the auditor’s report on the fiscal 2021 financial statements, ASL Marine said in a filing to SGX Wednesday.
JUMBO Group has opened its fourth Kok Kee Wonton Noodle stall in Singapore, with the latest addition located in Ang Mo Kio, near the Yio Chu Kang MRT, the restauranteur said in a filing to SGX Wednesday.
The expansion of Kok Kee, which was acquired by JUMBO in December 2020, is part of the group’s strategic plan to bring day-to-day concepts to more accessible locations in Singapore, the company said.
Chuan Hup Holdings
Chuan Hup Holdings said Wednesday the subsidiary proprietors of the GB Building located at 143 Cecil Street in Singapore’s central business district have appointed a collective sale committee. Provest Realty, a wholly owned subsidiary of Chuan Hup, is the subsidiary proprietor of three floors of the building, the filing said.
“Shareholders are advised that there is no certainty that the collective sale will proceed or be completed,” the company said.