SG stocks Wednesday: Yangzijiang, CICT, Cosco Shipping, Stamford Land, Olam, Challenger, AusGroup, Raffles Education

Singapore's container port. Photo taken November 2021Singapore's container port. Photo taken November 2021

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.

Read more: CapitaLand Integrated Commercial Trust prices private placement at mid-range amid strong demand

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.

Read more: Yangzijiang to transfer existing investments to spin-off group for public listing

Stamford Land

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.

Read more: Stamford Land to hold rights issue to raise around S$239M

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.

Read more: Cosco Shipping Intl (Singapore) proposes sale of 60 percent stake in Cosco Shipping (Singapore)

Olam International

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.

Read more: Olam secures US$150M club loan from DBS and ICBC Singapore

Challenger Technologies

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.

Read more: Stake changes: Dymon Asia Capital’s interest in Challenger rises

Raffles Education

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.

Read more: Stake changes: Lim How Teck’s spouse buys 500,000 Raffles Education shares

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).

Read more: Stake changes: AREIT, Straits Trading, Mapletree Logistics, QT Vascular, Luminor, Tye Soon, Sitra

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.

Read more: Duty Free Intl to acquire the around 15 percent of DFZ Capital it doesn’t already own

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.

Read Hong Leong Asia’s filing to SGX.

Metech International

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.

Read Metech’s filing to SGX.

AusGroup

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.

Read AusGroup’s filing to SGX.

Uni-Asia Group

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.

Read Uni-Asia’s filing to SGX.

Vividthree

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).

Read Vividthree’s filing to SGX.

 

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