Singapore companies in focus on Tuesday, 21 December 2021:
- OUE to acquire around 17 percent of PT Multipolar for 1 trillion rupiah
- Dasin Retail Trust: Onshore and Offshore credit facilities extended another three months
- Fish breeder Qian Hu invests S$1M in Bosch aquaculture unit AquaEasy
Others: Fraser and Neave (F&N), UOL Group and Wee Investments, Wilmar International, Yeo Hiap Seng, Second Chance Properties, Darco Water Technologies, NutryFarm International, Astaka Holdings and China Shenshan Orchard Holdings.
OUE’s wholly owned subsidiary Clifford Development has entered a deal to acquire around 17.2 percent of Indonesia-listed PT Multipolar (MPC) from PT Inti Anugerah Pratama (IAP) for around 1.006 trillion rupiah, or around S$95.6 million, the Singapore-listed property company said in a filing to SGX Monday.
Fraser and Neave
Fraser and Neave, via wholly owned subsidiary F&N Treasury, has set up a S$500 million commercial paper program to issue fixed- or floating-rate notes with tenors of up to 364 days, the beverage maker said in a filing to SGX Monday.
DBS Bank is the program’s sole arranger and it will be a dealer, the filing said.
F&N said the program will be digitised for issuances on DBS Bank‘s FIX Marketplace platform.
UOL Group and Wee Investments
Wee Investments, the investment vehicle of the Wee family, which founded UOB, has added to its UOL Group stake.
Wilmar International said Monday it has set up a board sustainability committee to provide oversight of sustainability strategy, including governance of implementation and communication of sustainability activities.
“The setting up of a new board-level committee dedicated to sustainability signals the importance of these issues to Wilmar, and that the Wilmar board is fully committed to integrating sustainability within the Wilmar business model,” the company said in a filing to SGX.
Dasin Retail Trust
Dasin Retail Trust said Monday the lenders for both its onshore and offshore credit facilities have agreed to extend the tenure for three months to allow the lenders more time to discuss new requests from minority lenders.
Yeo Hiap Seng
Yeo Hiap Seng‘s wholly owned Cambodian subsidiary YHS (Cambodia) Food & Beverage has entered a US$750,000 settlement deal for one of its local distributors, KCV Distribution, to cease distribution other than in Phnom Penh, the beverage maker said in a filing to SGX Monday.
Qian Hu Corp. will provide a S$1 million unsecured 5 percent convertible loan to AquaEasy, an aquaculture unit of Bosch Group using artificial intelligence (AI), the Singapore-listed fish breeder said in a filing to SGX Monday.
Second Chance Properties
Second Chance Properties said Monday the Covid-19 pandemic has badly affected its apparel business, and it is pivoting away from its property business toward the stock market.
Darco Water Technologies
Darco Water Technologies said Monday its shareholders Wang Zhi, Sofos Infrastructure Investment Fund SPC and Robert Stone have “reached an understanding on their previous differences raised and more critically, parties have reaffirmed their mutual desire for the company to grow and prosper.”
NutryFarm International‘s wholly owned subsidiary Global Agricapital (Thailand), or GAT, has entered a collaboration deal with Nanjing Zhongheronghui and DSC Logistics (China) to procure and supply 1,000 containers of fresh durians from Thailand to China within a year, the company said in a filing to SGX Monday.
Astaka Holdings has launched new, high-level residential show units at the The Astaka @ One Bukit Senyum, located in Johor Bahru City Centre in Malaysia, located near the checkpoint for travel to Singapore, the company said in a filing to SGX Monday. The development includes the tallest residential tower in Southeast Asia, with one tower at 65 and the other at 70 storeys high, with a total of 435 serviced apartment units, the filing said.
The entire development, which includes the two residential towers, a Johor Bahru City Council headquarters, a shopping mall , an office tower and a hotel, has an estimated gross development value of 5.3 billion ringgit, the filing said.
Shares of Astaka have been suspended since 2019.
China Shenshan Orchard Holdings
China Shenshan Orchard Holdings said it has been notified by Easy Direct International, called EmployeeCo, that the entity was created to allow group employees to acquire and hold shares of the company.
Easy Direct International’s sole director is China Shenshan Orchard’s Executive Director and CEO Hu Chao and the sole shareholder is Executive Director Zhao Chichun, the company said in a filing to SGX.
“The senior management team of the group (management team) expressed interest to acquire and hold equity stake in the company for long-term investment purposes. It is intended that the management team acquires and holds shares through EmployeeCo,” the filing said.