UPDATE: SG stocks Monday: SembMarine, CICT, Digital Core REIT, Chip Eng Seng, SIA Eng, SingPost, JUMBO, Banyan Tree

CapitaLand Integrated Commercial Trust (CICT) entered a deal to acquire the 100 Arthur Street property in Sydney, Australia, in December 2021. Credit: CapitaLandCapitaLand Integrated Commercial Trust (CICT) entered a deal to acquire the 100 Arthur Street property in Sydney, Australia, in December 2021. Credit: CapitaLand

Singapore companies in focus on Monday, 6 December 2021:

  • SembMarine gets contract to design zero-emission green-fuel tanker
  • CapitaLand Integrated Commercial Trust to buy two Sydney office buildings for A$331M
  • Chip Eng Seng, SingHaiyi, SLB and KSH to acquire Peace Centre in S$650M en bloc deal
  • Digital CORE REIT IPO meets strong demand, with trading debut set for Monday

Others: SIA Engineering, Keppel DC REIT, Starhill Global REIT, Singapore Post (SingPost), Banyan Tree, JUMBO Group, Hong Lai Huat, Tee International, Del Monte Pacific, OxPay Financial, Addvalue Technologies, First Ship Lease Trust (FSLT), Digilife Technologies, Q & M Dental Group (Singapore) and Aoxin Q & M.

This item was originally published on Saturday, 4 December 2021 at 14:09 SGT; it has since been updated to include Digital Core REIT and Addvalue Technologies. 

Digital Core REIT

Digital Core REIT‘s initial public offering (IPO) met with strong demand, with the total 267.03 million units available under the offering 19.4 times subscribed, according to the REIT’s balloting announcement filed to SGX Friday.

The IPO will begin trade on Monday at 2:00 p.m. SGT.

Read more: Digital Core REIT IPO meets strong demand, with trading debut set for Monday

CapitaLand Integrated Commercial Trust

CapitaLand Integrated Commercial Trust (CICT) has entered a deal to acquire two Grade-A office buildings in Sydney, Australia, from CapitaLand Real Estate Holdings (CLA) for A$330.7 million (S$330.7 million), the trust said in a filing to SGX Friday.

Read more: CapitaLand Integrated Commercial Trust to buy two Sydney office buildings for A$331M

Sembcorp Marine

Sembcorp Marine (SembMarine)’s wholly owned subsidiary LMG Marin has landed a contract from Grieg Maritime’s Grieg Edge to design the first green ammonia-fuelled tanker, the MS Green Ammonia, the Singapore-listed company said in a filing to SGX Friday.

Read more: SembMarine gets contract to design zero-emission green-fuel tanker

Chip Eng Seng, SingHaiyi, SLB and KSH

Chip Eng Seng, the Sing-Haiyi Crystal joint venture and Ultra Infinity (UIPL) — a which is jointly owned by SLB Development, KSH Holdings and Ho Lee Group — have jointly won the bidding for the en bloc sale of the Peace Centre/Peace Mansion development with a S$650 million offer, the companies said in filings to SGX Friday.

Read more: Chip Eng Seng, SingHaiyi, SLB and KSH to acquire Peace Centre in S$650M en bloc deal

Addvalue Technologies

Addvalue Technologies has entered deals to issue new shares to Economic Development Innovations (Singapore), various new investors and Cheng Kwee Kiang as well as directors, employees and business associates, raising as much as S$13.25 million, the company said in filings to SGX Sunday.

Read more: Addvalue enters deals to raise up to S$13.25M from EDIS, other new investors, directors

SIA Engineering

SIA Engineering said Friday it has entered a 10-year agreement with Safran Aircraft Engines for engine test services for the CFM LEAP-1A and -1B engines, in a move which will bolster the Singapore-listed company’s maintenance, repair and overhaul (MRO) services.

Read SIA Engineering’s filing to SGX.

Keppel DC REIT

Keppel DC REIT has obtained a S$150 million revolving credit facility, according to a filing to SGX Friday.

Starhill Global REIT

Starhill Global REIT has entered a facility agreement with Bank of China’s Singapore branch for a 5.5 year unsecured term loan facility of S$60 million, which will be used to partly refinance its existing outstanding term loan of S$115 million ahead of its September 2022 maturity, the REIT’s manager said in a filing to SGX Friday.

Singapore Post

Singapore Post (SingPost) said Friday its proposed disposal of the General Storage Co. is expected to be completed on 22 December, resulting in estimated net cash proceeds of more than S$83 million which can be deployed to other growth strategies.

Read more: SingPost to sell General Storage to Mitsuuroko subsidiary for around S$85M

Banyan Tree

Banyan Tree Holdings reported Friday its third quarter posted a “turning point” with a marginal operating profit.

“As international tourism rebounds with vaccinated travels, the group’s hotel portfolio performance continues to improve,” Banyan Tree said in a filing to SGX.

“Hotel management fee income increased by 52 percent in nine months year-to-date mainly contributed by several markets including China, Maldives and Mexico. Its owned hotels namely in Thailand have re-opened with quarantine exemption and are positioned well for
international business resumption,” Banyan Tree said.

Read Banyan Tree’s filing to SGX.

JUMBO Group

Singapore substantial shareholder changes announced on Friday, 3 December 2021: JUMBO Group, City Developments and Allied Technologies.

Read more: Stake changes: Kuang Ming Investments boosts JUMBO stake; CityDev, Allied Tech

Hong Lai Huat

Hong Lai Huat has received all regulatory approvals for a dual listing on the Frankfurt Stock Exchange, with trading expected to begin next week, the Singapore-listed company said in a filing to SGX Friday.

Read more: Hong Lai Huat gets approval for dual listing on Frankfurt Stock Exchange

Tee International

SGX-ST Listings Disciplinary Committee has reprimanded Tee International, its former Executive Director and CEO Phua Chian Kin and its former Chief Financial Officer Yeo Ai Mei over remittances which were improperly disclosed and made to Phua, according to a statement filed to SGX Friday.

Read more: SGX’s Listings Disciplinary Committee reprimands Tee Intl, former CEO and former CFO

Del Monte Pacific

Del Monte Pacific Ltd. (DMPL) said Friday it has priced US$90 million three-year unrated senior notes with a fixed coupon rate of 3.75 percent, payable semi-annually.

“The transaction marks DMPL’s inaugural issuance in the international debt capital markets, establishing a new source of funding,” the company said in a filing to SGX.

Credit Suisse was the sole global coordinator and Union Bank of the Philippines acted as domestic lead manager, DMPL said.

OxPay Financial

OxPay Financial‘s wholly owned subsidiary MC Payment (M) has entered a tie-up with Australia-listed IOUpay’s subsidiary IOU Pay (Asia) to add the BNPL (buy now pay later) option into its online e-invoicing, quickpay and web payment acceptance platform in Malaysia, the Singapore-listed payments company said in a filing to SGX Friday.

“This partnership enables more OxPay merchants in Malaysia and in the region to provide BNPL payment options to consumers, and caters to growing consumer demand for deferred payment choices. This alternative payment solution will further drive the roll out of OxPay’s O2O [online-to-offline] payment acceptance platform to retailers in Malaysia,” Kim Moon Soo, managing director of OxPay’s Malaysian operations, said in the statement.

Read OxPay Financial’s filing to SGX.

First Ship Least Trust

First Ship Lease Trust (FSL Trust) said Friday its agreement to sell the vessel FSL London to an unaffiliated third party was cancelled by mutual agreement after delivery-schedule delays due to a customs investigation over cargo specifications.

Digilife Technologies

Digilife Technologies said Friday it would sell 90 percent of Singapore Electric Vehicles to SEV Holding, identified only as owned by a businesswoman who has invested in several start-ups, for S$2.5 million.

“The proposed disposal is in the best interests of the company and shareholders as it will allow the group to re-strategize its financial and capital resources,” Digilife said in a filing to SGX. “The EV fleet business was adversely affected during FY2020 due to the travel restrictions.”

Read Digilife Technologies’ filing to SGX.

Q & M Dental and Aoxin Q & M

Acumen Diagnostics — which is 51 percent-owned by Q & M Dental Group (Singapore) and 49 percent-owned by Aoxin Q & M — said Friday its proprietary polymerase chain reaction (PCR) test kits Acu-Corona 2.0 and Acu-Corona Duplex are able to detect Covid-19 positive cases infected with the Omicron variant.

 

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