Singapore companies in focus on Monday, 13 December 2021:
- SGX posts November commodity derivatives volumes climbed amid China and Omicron concerns
- Parkway Life REIT to acquire Japan nursing home for JPY3.2B
- Golden Energy to acquire remaining 20 percent of Golden Investments for US$30M
- Stamford Tyres reports fiscal 1H net profit tumbled 60 percent as expenses rose
Others: United Global, Reenova Investment, TOTM Technologies, Frasers Property, Singapore Post (SingPost), Mooreast Holdings, RE&S Holdings, SHS Holdings, QT Vascular, Prime US REIT, Revez Corp., SingHaiyi Group and Pine Capital Group.
This item was originally published on Saturday, 11 December 2021 at 19:26 SGT; it has since been updated to include Cuscaden Peak, Keppel Corp. and SPH.
Cuscaden Peak, Keppel Corp. and SPH
Cuscaden Peak reiterated that its eleventh-hour takeover bid for SPH would deliver compelling value for shareholders, compared with the competing offer from Keppel Corp., in the consortium’s responses to questions from the Securities Investors Association (Singapore) (SIAS), which were filed to SGX Sunday.
Parkway Life REIT
Parkway Life REIT will acquire a nursing home in Japan’s Greater Tokyo region for 3.2 billion yen, or around S$37.9 million, the Singapore REIT said in a filing to SGX Friday.
Singapore Exchange (SGX) reported Friday that November volumes for commodity derivatives climbed as price swings in the physical market drove risk management trading.
Golden Energy and Resources (GEAR)
Golden Energy and Resources (GEAR) has entered a deal to acquire the 20.33 percent of Golden Investments (Australia) it doesn’t already own from Ascend Global Investment Fund SPC for around US$30 million, the Singapore-listed company said in a filing to SGX Friday.
United Global Ltd. has received a management-led buyout offer from DMW Investments, which is owned by shareholders who collectively own around 82.93 percent of the company, at S$0.45 a share in cash, with a view to delist the company, according to a filing to SGX Friday.
Stamford Tyres reported Friday its fiscal first half net profit dropped 60.3 percent on-year to S$696,000 amid lower sales in Southeast Asian markets and higher operating expenses.
Reenova Investment has entered a reverse takeover deal to acquire all of 3DOM (Singapore) from 3DOM for an all-share consideration equivalent to 80 percent of 3DOM (Singapore)’s valuation, the company said in a filing to SGX Friday.
TOTM Technologies has entered a deal to sell all of Yinda Technology Singapore and Yinda Technology (Thailand) to YPL for S$1.00 and S$1,000, respectively, as part of its diversification into identity management biometric technology services in April.
Frasers Property, SingPost, Mooreast, Tianjin Zhong Xin Pharmaceutical Group and others
Singapore companies announcing executive changes: Frasers Property, Singapore Post (SingPost), Tianjin Zhong Xin Pharmaceutical Group, Mooreast Holdings, RE&S Holdings and SHS Holdings.
QT Vascular, Prime US REIT and Revez
Singapore substantial shareholder changes: QT Vascular, Prime US REIT and Revez Corp.
SingHaiyi Group has dispatched a circular to shareholders for the takeover bid from Haiyi Treasure, noting the final closing date to accept the offer will be 10 January 2022.
Pine Capital Group
Pine Capital Group said Friday that potential investor Genv Holdings had decided not to proceed with the non-binding term sheet for a proposed reverse takeover after the Singapore-listed group was issued a delisting notice by SGX on 26 November.