Singapore companies in focus on Wednesday: 8 December 2021:
- Yangzijiang to transfer existing investments to spin-off group for public listing
- CapitaLand Integrated Commercial Trust prices private placement at mid-range amid strong demand
- Cosco Shipping Intl (Singapore) proposes sale of 60 percent stake in Cosco Shipping (Singapore)
- Stamford Land to hold rights issue to raise around S$239M
Others: Olam International, Challenger Technologies, Raffles Education, Ascendas REIT, Straits Trading, Mapletree Logistics Trust, QT Vascular, Duty Free International, Hong Leong Asia, Metech International, AusGroup, Uni-Asia Group and Vividthree.
CapitaLand Integrated Commercial Trust
CapitaLand Integrated Commercial Trust (CICT) priced its private placement at S$1.96 a unit, around the middle of its S$1.93 to S$1.981 indicative range, as strong demand led to the exercise of the upsize option, the trust said in a filing to SGX early Wednesday.
Yangzijiang Shipbuilding (Holdings)
Yangzijiang Shipbuilding (Holdings) said Tuesday its proposed spin-off of its investment segment would involve transferring existing assets into a newly incorporated company, the Spin-off Group, followed by a listing-by-introduction on SGX’s Mainboard.
Stamford Land has proposed Tuesday a rights issue of 703.74 million new shares at S$0.34 each on the basis of nine rights shares for every 10 existing shares to raise net proceeds of around S$238.9 million.
Cosco Shipping International Singapore
Cosco Shipping International (Singapore) has proposed selling its 60 percent stake in Cosco Shipping (Singapore) for US$42.39 million to Cosco (H.K.) Shipping, with an extraordinary general meeting (EGM) planned later this month to seek shareholder approval for the deal, according to a filing to SGX Wednesday.
Olam International has secured a US$150 million club loan referencing the USD Secured Overnight Financing Rate (SOFR), with DBS and ICBC’s Singapore branch, the agri-business said in a filing to SGX Tuesday.
Digileap Capital acquired 50,000 shares of Challenger Technologies in the market for S$27,780 on 3 December, boosting its direct interest to 14.93 percent from 14.92 percent previously, according to a filing to SGX Tuesday.
Lim How Teck, the lead independent non-executive director of Raffles Education, saw his total interest in the company rise after his spouse acquired 500,000 shares of the company in the market for S$32,800 on Monday, according to a filing to SGX Tuesday.
Ascendas REIT, Straits Trading, Mapletree Logistics Trust, QT Vascular and others
Singapore substantial shareholder changes announced on Tuesday, 7 December 2021: Ascendas REIT, The Straits Trading Co., Mapletree Logistics Trust, QT Vascular, Luminor Financial, Tye Soon and Sitra Holdings (International).
Duty Free International
Duty Free International has entered a deal to acquire the around 15 percent of DFZ Capital it doesn’t already own from Heinemann Asia Pacific (HAP) for around 45.80 million ringgit, the company said in a filing to SGX Tuesday.
Hong Leong Asia
Hong Leong Asia said Tuesday its indirect wholly owned subsidiary Rex Plastics (Malaysia) entered a deal to sell a 19,894 square meter freehold land site in Negeri Selangor, Malaysia, for 45 million ringgit, or around S$14.5 million.
The company is expected to recognise an around 33 million ringgit gain on its income statement for the deal, Hong Leong Asia said in a filing to SGX.
Metech International said Tuesday its joint venture company Asian Eco Technology has entered a collaboration deal with a technology subsidiary of Shenzhen-listed Han’s Laser Technology Industry to jointly develop new laser-based robotics and machine automation products for industrial applications using lab-grown diamonds.
AusGroup has been awarded a contract from Covalent Lithium to supply, fabricate and deliver 58 stainless steel and carbon steel tanks for the new lithium efinery at Kwinana, south of Perth, Western Australia, as part of the Mount Holland Lithium Project, according to a filing to SGX Tuesday.
Uni-Asia Group said Tuesday the PFI Wako City Hirosawa Complex, a public-work facilities development project, awarded by the Wako City government in Saitama Prefecture in Japan, has opened.
Uni-Asia holds 35 percent of the project via its wholly owned subsidiary Uni-Asia Capital (Japan), or UACJ, and will earn recurrent fees as the asset manager of the development over a 20-year period, the company said in a filing to SGX.
The project includes a children’s center, a healthcare facility, a public swimming pool and a spa, the filing said.
Vividthree said Tuesday it has launched its first non-fungible tokens (NFTs), aiming to sell “digital collectibles” of the characters of its popular webcomic “Silent Horror,” which is the company’s intellectual property (IP).