Singapore stocks Tuesday: Yangzijiang, SGX, ComfortDelGro, DHLT, SembMarine, No Signboard, Yoma, LHN

Singapore’s port with the monorail to Sentosa island.Singapore’s port with the monorail to Sentosa island.

Singapore companies in focus on Tuesday, 30 November 2021:

  • Yangzijiang proposes spinning off investment business into SGX listing
  • NZX’s dairy derivatives begin trade on SGX
  • ComfortDelGro enters joint venture to expand into China logistics industry

Others: Sembcorp Marine, Daiwa House Logistics Trust (DHLT), StarHub, VCPlus, No Signboard Holdings, Yoma Strategic, LHN Group, Chuan Hup Holdings, Aspen Group and Pine Capital Group.

Yangzijiang Shipbuilding

Yangzijiang Shipbuilding (Holdings) is exploring spinning off its investment segment by transferring the existing investments into a newly incorporated company for a proposed listing on SGX within six to 12 months, the Chinese shipbuilder said in a filing to SGX Monday.

Read more: Yanzijiang proposes spinning off investment business into SGX listing

Singapore Exchange and NZX

Under a partnership deal, the New Zealand exchange operator NZX’s suite of dairy derivatives will begin exclusive trade on Singapore Exchange (SGX), the companies said in a press release Monday.

Read more: NZX’s dairy derivatives begin trade on SGX

ComfortDelGro

ComfortDelGro has entered a 60:40 joint venture with Guangzhou Xinhongqiang Concrete Co. to expand into China’s construction logistics industry, the Singapore-listed transportation company said in a filing to SGX Monday.

Read more: ComfortDelGro enters joint venture to expand into China logistics industry

Sembcorp Marine

Sembcorp Marine said Monday it has distributed a total of around 2.27 million shares as awards to some of its non-executive directors under its 2020 program, forming part of the payment of director’s fees for 2020. The shares had a market price of S$0.083 on the date of the grant.

Read more: Stake changes: SembMarine distributes share awards to directors

Yoma Strategic

Yoma Strategic reported Monday its fiscal second half swung to a net profit of US$5.96 million from a year-ago net loss of US$47.95 million despite Covid-related disruption in Myanmar amid fair value gains on investment properties.

Read more: Yoma Strategic reports fiscal 2H swung to net profit despite Covid disruptions

Daiwa House Logistics Trust

Singapore substantial shareholder changes announced on Monday 29 November 2021: Daiwa House Logistics Trust.

Read more: UPDATE: Stake changes: Daiwa House Logistics Trust directors report stakes

StarHub, Yoma, Straits Trading, Aoxin Q&M, Q&M Dental and others

Singapore substantial shareholder changes announced on Monday 29 November 2021: StarHub, Yoma Strategic, Straits Trading, Aoxin Q & M Dental Group, Q & M Dental Group (Singapore), Hoe Leong Corp., Ntegrator International and AnnAik.

Read more: Stake changes: StarHub CEO acquires shares; Yoma, Straits Trading, Aoxin Q&M, Q&M Dental, Hoe Leong

VCPlus, Challenger, Nordic and ASTI

Singapore companies announcing executive changes: VCPlus, Challenger Technologies, Nordic Group and ASTI Holdings.

Read more: Executive moves: VCPlus taps banking veterans; Challenger, Nordic, ASTI

No Signboard Holdings

Iconic Singapore chilli crab restauranteur No Signboard Holdings reported Monday its fiscal year net loss narrowed to S$6.35 million, form a net loss of S$9.84 million the previous year, bolstered by the government’s job support program as Covid-related restrictions continued to weigh.

Read more: No Signboard reports fiscal year net loss narrowed; exploring fund-raising activities

LHN Group

LHN Group said Monday its wholly owned indirect subsidiary Erinite Properties has entered a lease deal with Eastern Realty for a 22-storey 72-residential-unit building at 2 Mount Elizabeth Link in Singapore for base rent and an additional turnover rent on gross operating revenue.

“The group intends to renovate the Mount Elizabeth Property and operate it as a serviced apartment which is planned to create dual and triple room units, or as a co-living residential space, both under its Coliwoo brand,” LHN said in a filing to SGX.

LHN Group is a real estate management services provider, managing around 33 industrial, commercial and residential properties across Singapore, Indonesia and Myanmar. The company launched the GreenHub brand of suited offices, with four locations in Singapore as well as providing the brand in Jakarta, Indonesia. The group also provides transportation and container depot management services via its logistics management business.

Read LHN Group’s filing to SGX.

Chuan Hup Holdings

Chuan Hup Holdings said Monday its associated company Garden Towers East Perth — which is a 50:50 joint venture between its subsidiary Ventrade Australia and Finbar — has received approval from the Metropolitan Redevelopment Authority for its proposed Garden Towers
apartment development on the eastern edge of the Perth CBD.

The project is located at Lot 101 Hay Street in East Perth, Australia, and it will have 331 apartment units as well as ground-floor commercial tenancies, the company said in a filing to SGX.

Read Chuan Hup’s filing to SGX.

Aspen Group

Aspen Group said Monday its indirect subsidiary Aspen Vision Land has entered a deal to sell its entire 30 percent stake in Bandar Cassia Properties (SC) to Ikano Ptd. for 47 million ringgit, or around S$15.19 million.

“The divestment presents a good opportunity to redeploy the proceeds to potentially higher yielding assets,” Aspen said. “Despite the divestment, the group and Ikano will continue to develop the 170 acres mixed development land project undertaken by Aspen Vision City Sdn. Bhd. (AVC), a joint venture between AVL and Ikano.”

Read Aspen Group’s filing to SGX.

Pine Capital Group

Pine Capital Group said Monday it has received a notification of delisting from SGX despite entering a non-binding term sheet with Genv Holdings for the proposed acquisition of a new business as SGX said the company failed to meet the requirements to enter a new business by 31 August.

Read Pine Capital’s filing to SGX.

 

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