Singapore stocks Wednesday: UOB APAC Green REIT ETF, Wilmar, DBS, SingHaiyi, SGX, Darco, Challenger, Sinjia Land

UOB branch at Raffles Place, SingaporeUOB branch at Raffles Place, Singapore. Photo taken pre-Covid.

Singapore companies in focus Wednesday, 3 November 2021:

  • UOB APAC Green REIT ETF files prospectus for listing
  • Wilmar joins agri-business companies in pledge to halt forest loss and improve supply chains
  • DBS to invest S$300M next year to boost digital banking offerings
  • SingHaiyi enters deal to sell Ohio mall to Park Harbor Capital for US$29M

Others: Singapore Exchange (SGX) and Propine, Darco Water Technologies, Asiaphos, Grand Venture Technology and Metalbank Singapore, Tung Lok Restaurants, CDW Holding, Shanaya and Sinjia Land.

DBS

DBS said Tuesday it would invest S$300 million next year, up 14 percent on-year, to improve and grow its digital and Intelligent Banking technology for its products and services aimed at wealth and retail customers.

Read more: DBS to invest S$300M next year to boost digital banking offerings

Wilmar International

Wilmar International and nine other large global agri-business companies issued a joint statement at the World Leaders’ Summit on Forests and Land Use at COP26, committing to urgently take collective action to halt deforestation, reduce greenhouse gas emissions (GHG) and improve supply chains.

Read more: Wilmar joins agri-business companies in pledge to halt forest loss and improve supply chains

UOB APAC Green REIT ETF

The UOB APAC Green REIT ETF, which will track the iEdge-UOB APAC Yield Focus Green REIT Index, has filed a prospectus with SGX with an expected listing date of 23 November.

Read more: UOB APAC Green REIT ETF files prospectus for listing

Singapore Exchange (SGX) and Propine

Singapore Exchange (SGX) said Tuesday it is licensing its iEdge Bitcoin Index to Propine, which is the first digital asset custodian licensed by the Monetary Authority of Singapore (MAS), and a bitcoin ETF service provider.

The index was developed with U.K.-based digital asset market data provider CryptoCompare, and it has seen strong interest since its launch, SGX said in a filing.

Propine’s CEO Tuhina Singh said that as a bitcoin ETF provider, her company was looking to offer the most relevant service to institutional clients, allowing them to diversify their portfolios.

Read SGX’s statement on the bitcoin index licensing deal.

SingHaiyi and Park Harbor Capital

SingHaiyi Group’s wholly owned subsidiary Tri-County Mall has entered a deal to sell a mall located in Cincinnati, Ohio, in the U.S., to Park Harbor Capital for US$29 million, the Singapore-listed property developer said in a filing to SGX Tuesday.

Read more: SingHaiyi enters deal to sell Ohio mall to Park Harbor Capital for US$29M

Darco Water Technologies

Darco Water Technologies said Tuesday Wang Zhi has provided the company with documents related to a potential alternative water-treatment asset (AWTA) as was required after the deal for the Gaoyi project was declined.

Read more: Darco Water: Won’t proceed with acquisition of Gaoyi Project

Grand Venture Technology and Metalbank Singapore

Metalbank Singapore ceased to be a shareholder of Grand Venture Technology after Metalbank’s capital reduction exercise included transferring all of its 84.95 million Grand Venture Technology shares, or a 25.68 percent stake, to its shareholders, according to a filing to SGX Tuesday.

Lee Tiam Nam, executive chairman of Grand Venture and controlling shareholder of Metalbank Singapore, received 39.7 million Grand Venture shares, according to a separate filing to SGX. Lee’s direct interest in Grand Venture increased to 15.69 percent from 3.69 percent previously on the transfer, the filing said. However, his deemed interest fell to 15.69 percent from 29.37 percent previously as he had been deemed interested in Metalbank Singapore’s holdings, the filing said.

Ng Wai Yuen Julian, who holds around 11.6 percent of Metalbank Singapore, received 12.02 million shares of Grand Venture, giving him a 3.63 percent stake, according to a separate filing to SGX. Ng didn’t previously hold shares in Grand Venture, the filing said.

Read more: Grand Venture Technology proposes placement to raise up to S$28.5M

Challenger Technologies and Dymon Asia Private Equity

Digileap Capital’s stake in Challenger Technologies rose to 14.92 percent from 0.98 percent previously after the acquisition of 56.55 million shares in a placement for S$32.8 million, according to a filing to SGX Tuesday.

Asia Consumer Electronics, the sole shareholder of Digileap Capital, is deemed interested in those shares, as is Diamond GP Holdings II, which is the sole shareholder of Asia Consumer Electronics, the filing said.

The sole shareholder of Diamond GP Holdings II is Dymon Asia Private Equity (S.E. Asia), which is wholly owned by DAPE, and they are all deemed interested in the shares the filing said. Dymon Asia Capital holds more than 20 percent of DAPE, also making it interested in the Challenger shares, the filing said.

Tan Keng Soon, managing partner at Dymon Asia Capital and holder of more than 20 percent of DAPE, is deemed interested the shares, as is Yong Ming Chong Danny, who is the chief investment officer at Dymon Asia Capital and who holds more than 20 percent o fDymong Asia Capital, the filing said.

Read more: Dymon Asia Private Equity fund to acquire around 14 percent stake in Challenger Technologies

Tung Lok Restaurants

Tung Lok Restaurants said Tuesday its wholly owned subsidiary My Humble House in Beijing (Restaurant) Co. (MHHB) entered a deal to sell its entire 40 percent stake in Beijing Xihe Tung Lok Restaurant (XHTL) for 1 yuan, after taking into account the net liability value of the stake, the financial losses of XHTL and the difficult operating conditions due to the Covid-19 pandemic.

The buyer is Beijing Xihe Catering Management, which is the holding company of Beijing Xihe Food & Beverage Co. (BJXH), which in turn holds the remaining 60 percent of XHTL, the company said in a filing to SGX.

Read Tung Lok Restaurants’ filing to SGX.

Sinjia Land

Yoshihide Makabe became a substantial shareholder of Sinjia Land after acquiring 9.375 million shares, or a 5.29 percent stake, in the market for S$658,219, according to a filing to SGX.

In addition, Midori Ichijo became a substantial shareholder of Sinjia Land after acquiring 16.875 million shares, or a 9.53 percent stake, in the market for around S$1.18 million, according to a separate filing to SGX Tuesday.

Lee Hwayeon became a substantial shareholder of the company after she acquired 9.375 million shares, or a 5.29 percent stake, in the market for S$658,219, according to a separate filing to SGX Tuesday.

Hajime Sumi became a substantial shareholder of Sinjia Land after acquiring 9.375 million shares, or a 5.29 percent stake, in the market for S$658,219, according to a separate filing to SGX Tuesday.

China Infrastructures Global Investment Capital ceased to be a shareholder of Sinjia Land after disposing of 36 million shares, or a 20.33 percent stake, in the market for S$2.52 million, according to a separate filing to SGX Tuesday.

CDW Holding

CDW Holding said Tuesday its subsidiary Tomoike Bio, in association with associated company A Biotech, has begun pre-clinical evaluations on using tis anti-Cripto-1 antibody for cancer treatment at the Korean National Cancer Center.

Read CDW Holdings’ filing to SGX.

Shanaya

Shanaya warned Tuesday it expects to report a net loss for the January-to-September period due to recognition of one-off non-operating expenses, including the professional fee expenses for its reverse takeover and a non-cash loss on the reverse acquisition.

But the group posted positive operating cash flow for the nine-month period, Shanaya said in a filing to SGX.

Read Shanaya’s filing to SGX.

Leader Environmental Technologies

Leader Environmental Technologies said Tuesday it entered a long-term service contract of up to five years with Tianjin Hongsheng Water to improve the operations of six wastewater treatment plants, particularly by reducing the energy and chemical costs. The company will use its technical expertise and artificial intelligence (AI) technology to reduce treatment costs, with a portion of the cost savings paid to the company, Leader Environmental said in a filing to SGX.

Read Leader Environmental’s filing to SGX.

Metech International

Metech International said Tuesday its joint venture Asian Eco Technologies has entered into a collaboration agreement with International Gemological Institute to develop and promote the lab-grown diamond market in China.

In a separate statement, Metech said the International Gemological Institute would certify Asian Eco Technologies’ lab-grown diamonds.

Read Metech International’s filing to SGX.

Metech International

Lim Hean Nerng increased his stake in Metech International, acquiring 4.48 million shares in the market for S$1.21 million, taking his stake to 9.47 percent from 6.16 percent previously, according to a filing to SGX Wednesday.

Asiaphos

Asiaphos warned Tuesday it expected to report its losses for the third quarter and for January-to-September period widened on-year on higher legal and professional fees as its arbitration with the Chinese government began.