SG stocks Monday: Yangzijiang, Vertex Venture, Dasin Retail Trust, CapitaLand Investment, UOL, Intraco

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

Singapore companies in focus on Monday, 27 December 2021:

  • Vertex Venture’s SPAC gets eligibility-to-list letter from SGX
  • Yangzijiang founder transfers 10 percent stake to employee trust
  • Harvest Fund Management’s funds buy more Dasin Retail Trust units

Others: CapitaLand Investment, UOL Group, Wee Investments, Metech International, Intraco, AEM Holdings, KTL Global, Metal Component Engineering, QT Vascular, Marco Polo Marine and AsiaPhos.

Yangzijiang Shipbuilding (Holdings)

Wang Dong, a founder of Yangzijiang Shipbuilding (Holdings), has transferred a 10 percent stake in the company to a new employee benefit trust to reward employees, the Chinese shipbuilder said in a filing to SGX Friday.

Read more: Stake changes: Yangzijiang founder transfers 10 percent stake to employee trust

Vertex Venture

Vertex Venture Holdings, a subsidiary of Singapore state-owned investment company Temasek Holdings, said Friday it has received an eligibility-to-list letter from Singapore Exchange Securities Trading (SGX-ST) for its proposed special purpose acquisition company (SPAC).

Read more: Vertex Venture’s SPAC gets eligibility-to-list letter from SGX

Dasin Retail Trust

The Harvest Private Wealth Income Fund 4 SP acquired 1.43 million units of Dasin Retail Trust for S$557,700 in an off-market transaction, becoming a substantial unitholder with a 5.02 percent stake, up from 4.87 percent previously, according to a filing to SGX Friday.

Read more: Stake changes: Harvest Fund Management’s funds buy more Dasin Retail Trust units

CapitaLand Investment

CapitaLand Investment said Friday it has named two new independent non-executive directors: David Su Tuong Sing and Helen Wong Siu Ming, effective 1 January 2022.

Read more: Executive moves: CapitaLand Investment taps two new directors

UOL Group and Wee Investments

Wee Investments acquired 209,000 shares of UOL Group for S$6.99841 a share on 22 December, and 460,000 shares at S$6.99657 each on 23 December, according to a filing to SGX Friday.

Read more: Stake changes: Wee Investments buys more UOL Group shares

Metech International

Metech International‘s joint venture Asian Eco Technology (AET) has entered a collaboration agreement with Ningbo Meishan, which has Zongheng Capital as a partner, to provide the lab-grown diamond player US$100 million in funding via debt and/or equity financing, according to a filing to SGX Friday.

Read more: Ningbo Meishan enters deal to provide Metech’s lab-grown diamond JV with US$100M funding

Intraco

Intraco Ltd. has entered into subscription agreements to issue a total of 10 million new shares to eight investors, including Harvest Private Wealth Thematic Fund SPC, at S$0.45 each to raise S$4.5 million, the company said in a filing to SGX Friday.

Read more: Harvest Private Wealth fund to participate in Intraco equity fundraising

AEM Holdings

AEM Holdings, which is backed by Singapore state-owned investment company Temasek Holdings, will begin dual-currency trading of its shares — in both Singapore dollars and U.S. dollars — on 4 January 2022, the company said in a filing to SGX Friday.

Read more: Temasek-backed AEM to begin dual currency trading of its shares

KTL Global

KTL Global has entered separate deals with Shen Zhen EST Supply Chain Management and with Scarlett Supermarket, the Southeast Asian produce distributor said in filings to SGX late Friday.

Read more: KTL Global enters deals with Scarlett Supermarket and Shen Zhen Est Supply Chain

Metal Component Engineering

Metal Component Engineering plans to change its name to Meta Health to reflect a business shift to healthcare and e-commerce, the company said in a filing to SGX Friday.

Read more: Metal Component Engineering to change name on shift to healthcare sector

QT Vascular

QT Vascular on Friday distributed the circular to shareholders for the proposed acquisition of 60 percent of Asia Dental and the proposed issuances of new shares to subscribers to raise funds, with the extraordinary general meeting (EGM) set for 8 January.

Marco Polo Marine

Marco Polo Marine‘s wholly owned subsidiary Marco Polo Offshore has set up a joint venture company, Oceanic Crown Offshore Marine Services, in Taiwan with Taiwanese company Shengfan, the Singapore-listed company said.

The joint venture, which will be 49 percent owned by Marco Polo Offshore, while Shengfan holds the remainder, is aimed at expanding Marco Polo’s offshore and marine business into Taiwan for supporting offshore wind farm projects via vessel chartering, the company said.

Oceanic Crown Offshore Marine Services will have an initial paid-up capital of NT$42 million, or around S$2.07 million, the filing said.

AsiaPhos

AsiaPhos said Friday Bohai Bank extended a new banking facility of 20.50 million yuan, with a 7 percent interest rate, to subsidiary Sichuan Mianzhu Norwest Phosphate Chemical for one year; the funds will be used to repay an existing banking facility of 21.05 million from Bohai Bank which expired on 17 December, the filing said. Read AsiaPhos’ filing to SGX.

In a separate filing, AsiaPhos said it has received a waiver from SGX-ST to sell its Phase 2 Factory Assets in Sichuan Province, China, to Sichuan Mianzhu Huaxinfeng Food without an extraordinary general meeting (EGM) of shareholders to seek approval.

 

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