Singapore companies in focus on Wednesday, 22 December 2021:
- Far East Organization boosts interest in F J Benjamin via equity fundraising
- Dymon Asia Private Equity deemed substantial Marco Polo shareholder
- Temasek’s interest in CapitaLand Integrated Commercial Trust declines
Others: Boldtek Holdings, Manulife US REIT, Ascendas India Trust, ComfortDelGro, Straits Trading, JUMBO Group, NutryFarm International, GKE Corp., Aoxin Q & M Dental Group and Asian Healthcare Specialists.
Far East Organization and F J Benjamin
Western Properties, part of the Far East Organization group, will boost its interest in storied Singapore luxury-brand distributor F J Benjamin to 16.7 percent from 7.4 percent after subscribing for 120 million new shares in a S$3 million fundraising, according to a filing to SGX Tuesday.
CapitaLand Integrated Commercial Trust (CICT) and Temasek Holdings
Temasek Holdings, Singapore’s state-owned investment company, saw its deemed interest in CapitaLand Integrated Commercial Trust (CICT) fall to 23.91 percent from 24.35 percent previously after the trust’s private placement of new units, according to a filing to SGX Tuesday.
Marco Polo Marine and Dymon Asia Private Equity
Emet Grace, which became the controlling shareholder of Penguin International earlier this year, reported Tuesday it is also deemed a substantial shareholder of Marco Polo Marine, as are the concert parties in the acquisition of Penguin shares, including Dymon Asia Private Equity.
Boldtek Holdings plans to raise S$4.4 million via a private placement of 73.33 million new shares to be issued at S$0.06 each to seven investors, the building and property development company said in a filing to SGX Tuesday.
Manulife US REIT
Manulife US REIT said Tuesday it has completed the acquisition of the property Diablo Technology Park located in Tempe, Arizona.
Ascendas India Trust, ComfortDelGro and Straits Trading
Singapore substantial shareholder changes: Ascendas India Trust and Kabouter Management, ComfortDelGro and Columbia Threadneedle Investments UK International, and The Straits Trading Co.
JUMBO Group said Tuesday it will add a new concept restaurant, Slake, which has opened at the Riverwalk, which was the previous location of a JUMBO Seafood outlet. The new concept includes a Southeast Asian inspired menu, the filing said.
In addition, JUMBO has opened two new Kok Kee Wonton Noodle stalls, the company said in a filing to SGX.
“The continued expansion of Kok Kee’s network on the island is a demonstration of the group’s strategic plan to bring day-to-day concepts to more accessible locations for Singaporeans,” JUMBO said.
NutryFarm International‘s indirect wholly owned subsidiary Global Agricapital Holdings (GAH) has landed a new order to supply 100 containers of fresh and frozen durians and related durian products to Guangzhou Wenwu Hetai Trading (GZWH) under a binding purchase agreement, the Singapore company said in a filing to SGX Tuesday.
GZWH specializes in importing premium fruits, including durian, cherries and kiwi, into China under the brand name Fruit Dream, the filing said.
GKE Corp. said Tuesday it entered a deal to acquire all of Fair Chem Industries (FCI) from Leow Kim Siang and Ng May Choo for S$12.5 million. GKE is a warehousing and logistics services provider with investments in infrastructural materials and services businesses in China.
“The proposed acquisition opens the group to another level of growth with an established and stable business, as well as more storage space for specialty chemicals. We have been on the lookout for growth opportunities in our core warehousing and logistics business capabilities in Singapore, especially after our warehouses achieved optimal occupancy,” Neo Cheow Hui, CEO and executive director of GKE, said in a statement filed to SGX.
Aoxin Q & M Dental Group
Aoxin Q & M Dental Group said Tuesday all 16 of its dental hospitals and polyclinics in Liaoning Province in China are currently in operation after three resumed services after shutdowns related to measures to contain the spread of the Covid-19 virus.
Asian Healthcare Specialists
Asian Healthcare Specialists said Tuesday it has completed its subscription deal, issuing 30.86 million new shares to Sian Chay Medical Institution for S$5 million. The new units are expected to begin trading on Wednesday, the company said in a filing to SGX.