SG stocks Friday: Yangzijiang, Mapletree Logistics, Hong Leong Finance, Oxley, Q&M, DHLT, QT Vascular, SingHiayi

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

Singapore companies in focus on Friday, 17 December 2021:

  • Yangzijiang Shipbuilding incorporates new subsidiary for spin-off
  • Mapletree Logistics preferential offering oversubscribed, raising S$293M
  • Executive moves: Hong Leong Finance appoints Clarence Yeo as director; SBS Transit Rail gets new CEO

Others: Oxley Holdings, Keppel DC REIT, Q & M Dental Group (Singapore), Aoxin Q& M Dental Group, Acumen Diagnostics, Daiwa House Logistics Trust, QT Vascular, SingHaiyi Group, Eagle Hospitality Trust, OUE Lippo Healthcare, First REIT, OxPay Financial and Miyoshi.

Yangzijiang Shipbuilding (Holdings)

Yangzijiang Shipbuilding (Holdings) said Thursday it has incorporated a wholly owned subsidiary, Yangzijiang Financial Holdings, with an issued and paid-up share capital of S$100, comprising 100 shares at S$1 a share.

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

Mapletree Logistics Trust

Mapletree Logistics Trust has received applications representing around 134 percent of the total 159.11 million new units available in its preferential offering, the trust said in a filing to SGX Thursday.

Read more: Mapletree Logistics preferential offering oversubscribed, raising S$293M

Oxley Holdings

Oxley Holdings said Thursday that around 95 percent of its Singapore residential units have been sold, representing around 92 percent of its total gross development value, or around S$4.5 billion. Only 192 units are left unsold, the filing said.

The group’s effective stake of secured sales is around S$2.7 billion, while future progress billings of sold units will be around S$1.5 billion, Oxley said in a filing to SGX.

“As the Singapore development projects are substantially sold and construction will be progressively completed in the next 18 months, the group is pivoting towards the overseas projects in the United Kingdom and Ireland,” the property developer said. “The group has begun construction of the Riverscape and Connolly Stationbprojects in the United Kingdom and Ireland respectively, while sales of the Riverscape project is ongoing.”

Read Oxley’s filing to SGX.

Keppel DC REIT

Keppel DC REIT has completed the acquisition of the data center located at No.5 Bluesea Intelligence Valley, Heshan City, in China, the REIT said Thursday.

Read more: Keppel DC REIT to acquire first China data center for S$132M

Mapletree Logistics Trust

Mapletree Logistics Trust has completed the acquisition of the Kuwana Logistics Centre in Japan, the trust said in a filing to SGX Thursday.

Read more: Mapletree Logistics Trust to acquire Japan logistics property for around S$416M

Q & M Dental, Aoxin Q&M and Acumen Diagnostics

Acumen Diagnostics plans to implement swabbing and Covid-19 PCR testing at Q & M Dental Group (Singapore)‘s network of clinics, starting with an initial 10 sites, plus the company’s headquarters, after being granted a license from Singapore’s Ministry of Health (MOH), according to a filing to SGX Thursday. More than 100 sites in Singapore may be opened to offering PCR testing services, the filing said.

“With the onset of the Omicron variant and Vaccinated Travel Lane [VTL] arrangements with more countries being added, the company will ramp up its Covid-19 PCR testing services in anticipation of the increased demand for PCR testing,” the statement said.

Acumen Diagnostics is 51 percent-owned by Q & M Dental, with Aoxin Q&M Dental Group holding the remainder.

Read the joint filing to SGX.

Hong Leong Finance and SBS Transit

Hong Leong Finance said Thursday it has tapped Clarence Yeo Gek Leong, age 62, as independent non-executive director, effective 1 January.

Read more: Executive moves: Hong Leong Finance appoints Clarence Yeo as director; SBS Transit Rail gets new CEO

Daiwa House Logistics Trust

Hazelview Securities sold 157,800 units of Daiwa House Logistics Trust in the market for S$127,703 on 15 December, according to a filing to the exchange on Thursday.

Read more: Stake changes: Hazelview sells some Daiwa House Logistics Trust units

QT Vascular

After recent drama over requisitioning shareholders calling for extraordinary general meetings (EGMs) to both remove and add directors, QT Vascular said Thursday it has changed the structure of its deal to acquire 60 percent of Asia Dental Group and of the proposed placement of new shares to raise funds.

Read more: QT Vascular: Asia Dental acquisition and placement restructured in wake of EGM drama

SingHaiyi Group

Haiyi Treasure, an entity controlled by Celine and Gordon Tang, now has acquired, agreed to acquire or controls 95.81 percent of SingHaiyi‘s shares after launching a takeover bid in November, according to a filing to SGX Thursday.

Read more: SingHaiyi takeover bid from Celine and Gordon Tang set to become compulsory

Eagle Hospitality Trust

The Delta Woodbridge (DW) property, once part of troubled Eagle Hospitality Trust, has been sold in foreclosure for less than the mortgage held by Wells Fargo, according to a filing to SGX Thursday.

Read more: Eagle Hospitality Trust’s Delta Woodbridge property sells for less than mortgage

OUE Lippo Healthcare and First REIT

OUE Lippo Healthcare said Thursday its wholly owned subsidiary OLH Healthcare Investments (OHI) has entered into a S$15 million term loan facility, secured by more than 93 million units of First REIT owned by OHI.

OxPay Financial

OxPay Financial said Thursday it has tied up with Malaysia-based retail buy-now-pay-later (BNPL) play PaySlowSlow to provide it with payment gateway and merchant-acquiring services in Singapore. PaySlowSlow is a subsidiary of Australia-listed Fatfish Group, the filing said.

Read OxPay Financial’s filing to SGX.

Miyoshi

Miyoshi, a manufacturer providing precision stamping, prototyping and automation, has proposed to place 48.31 million new shares at S$0.02070 each to raise a total of S$1 million, according to a filing to SGX Thursday. The issue price compares with the weighted average price per share of S$0.023 on 15 December, the filing said.

The subscribers of the shares are Sycamore Capital SPC, acting on behalf of the Sycamore Equity Fund SP, and FTAG Asset Management, which will hold 5.10 percent and 2.19 percent of Miyoshi’s enlarged share capital after the issuance, the filing said. Sycamore Capital SPC has appointed Lucerne Asset Management to serve as its discretionary investment manager.

“The company intends to use the net proceeds from the proposed placement for opportunistic acquisitions, joint ventures, partnerships and investments to provide the group with new revenue streams and improve its prospects, so as to enhance shareholder value and for working capital purposes,” Miyoshi said.

Read Miyoshi’s filing to SGX.

 

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