Companies in focus on Wednesday, 27 October 2021:
- Mapletree Industrial Trust reports fiscal 2Q net property income climbed 47 percent
- Mapletree Logistics Trust sets pricing of S$400M perpetual securities
- Keppel Infrastructure enters tie-up with NTU to develop zero-emissions and energy technologies
Others: Suntec REIT, ARA Asset Management, Lippo Malls Indonesia Retail Trust (LMIR Trust), Raffles Education, First REIT, BHG Retail REIT, Koh Brothers Eco Engineering, Ezion Holdings, Shinvest Holding, Kingsmen Creatives, Sinjia Land, Sunrise Shares Holdings and First Ship Lease Trust (FSL Trust or FSLT).
This item was originally published on Wednesday, 27 October 2021 at 2:16 a.m. SGT; it has since been updated to include ESR-REIT.
Mapletree Industrial Trust
Mapletree Industrial Trust reported Tuesday its fiscal second quarter net property income jumped 47.4 percent on-year to S$120.32 million on contributions from portfolio acquisitions of data centers in North America.
Mapletree Logistics Trust
Mapletree Logistics Trust has priced S$400 million of fixed-rate subordinated perpetual securities at 3.725 percent, the trust said in a filing to SGX late Tuesday. The offering confirms a Shenton Wire article earlier Tuesday.
Keppel Infrastructure Holdings’ (KI) technology arm Keppel Energy Transition Centre (KETC) and Singapore’s Nanyang Technological University (NTU) have entered a memorandum of understanding (MOU) to collaborate on developing greener technologies.
Suntec REIT and ARA Asset Management
ARA Trust Management (Suntec) sold 45.89 million units of Suntec REIT for S$1.47 a unit in an off-market transaction to ARA Real Estate Investors XIII, a wholly owned subsidiary of ARA Asset Management, to be held as a strategic stake within the ARA Group, according to a filing to SGX Tuesday.
The deal brought ARA Trust Management (Suntec)’s stake in the REIT to 0.035 percent from 1.643 percent previously, the filing said.
ARA RE Investment Group (Singapore) and ARA RE Investment Group saw their deemed interests in Suntec REIT rise to 8.492 percent from 6.884 percent previously, after the deal, according to a separate filing to SGX. ARA RE Investment Group (Singapore) holds 100 percent of ARA RE Investment Group, which in turn holds all of ARA Investors II, ARA Real Estate Investors XII, and ARA Real Estate Investors XIII, the filing said.
ESR-REIT reported Wednesday its third quarter net property income increased 8.6 percent on-year to S$43.9 million, mainly on the absence of year-earlier Covid-related rental rebates for tenants and contributions from the acquisition of 46A Tanjong Penjuru.
Lippo Malls Indonesia Retail Trust
Lippo Malls Indonesia Retail Trust reported Tuesday its third quarter net property income rose 31.5 percent on-year to S$17.29 million on the newly acquired Lippo Mall Puri.
After a long-running war of words with Raffles Education‘s management, Oei Hong Leong sold 56.2 million shares of the company for S$3.46 million in a market transaction Monday, ceasing to be a substantial shareholder.
First REIT reported Tuesday its January-to-September net property and other income slipped 2.2 percent on-year to S$56.46 million, largely on one month and half-month rental relief in July.
BHG Retail REIT
Beijing Hualian Mall (Singapore) Commercial Management acquired 4.4 million units of BHG Retail REIT for S$0.59 a unit in an off-market transaction, taking its total interest up to 6.71 percent from 5.85 percent previously, according to a filing to SGX.
Beijing Hualian Group Investment Holding owns 27.39 percent of Beijing Huadian Department Store, which wholly owns Beijing Hualian Mall (Singapore) Commercial Management, the filing said.
Koh Brothers Eco Engineering
Koh Brothers Eco Engineering said Tuesday it landed a S$200.7 million contract from Singapore’s national water agency PUB for mechanical, electrical and instrumentation control and automation works for the Industrial Liquids Module 1 at Tuas Water Reclamation Plant.
Ezion Holdings said Tuesday four memoranda of agreement (MOA) have been entered into to sell four liftboats — Teras Conquest, Teras Fortress, Teras Conquest 5 and Rising Phoenix — for a total of US$40 million in cash.
First Ship Lease Trust
First Ship Lease Trust (FSL Trust) said Tuesday its subsidiary FSL-28 entered a US$3.95 million loan facility agreement with Chailease International Financial Services (Singapore) to refinance the loan for the vessel Pelican Fisher, which was acquired for US$5 million in September. The vessel is employed with James Fisher Everard on an eight year bareboat charter, the trust said in a filing to SGX.
The loan has a seven-year maturity and will be paid in 28 consecutive quarterly installments, with an interest rate of 3.975 percentage points above USD Libor, the filing said.
Shinvest Holding said Tuesday it has made a further disposal of Espressif Systems (Shanghai) shares, selling 153,459 shares at an average price of 203.40 yuan by way of auction trading on China Merchant Securities’ online platform over the 30 July to 25 October period.
The net cash proceeds of the deals is 31.18 million yuan, the company said in a filing to SGX. Shinvest said it has disposed of a total of 1.50 million Espressif Shanghai shares as of 25 October, but still holds 3.30 million shares.
“The company has reviewed its investment portfolio and is of the view that it is an opportune time to realise its investments in Espressif
Shanghai. The proceeds from the disposal will be used for general working capital purposes of the group and/or investment opportunities,” the filing said.
Kingsmen Creatives said Tuesday it has incorporated a wholly owned subsidiary, Planet Play USA, in the U.S. to create and own media/entertainment themed licenses and develop and market intellectual property for themed attractions and lifestyle parks and related business.
The issued and paid-up share capital of Planet Play USA is US$500, the company said in a filing to SGX.
In response to a query from SGX, Sinjia Land said it wasn’t aware of any information not previously announced to explain the surge in its share price Tuesday.
But the company added: “The company regularly evaluates all opportunities across its portfolio with the objective of enhancing shareholder value, which may from time to time involve discussions with various parties and stakeholders. There is no assurance that any transaction will materialize or that any definitive or binding agreement will be reached.”
Shares of Sinjia Land ended Tuesday up 25 percent at S$0.025.
Sunrise Shares Holdings
In response to a query from SGX, Sunrise Shares Holdings said Tuesday it was unaware of any explanation or information, including any rumor, to explain the surge in its share price.
On Tuesday, its shares closed up 50.9 percent at S$0.028 in heavy volume.