Singapore companies in focus on Wednesday, 29 December 2021:
- Mapletree Commercial Trust and MNACT units both halted
- SembMarine reaches deal to defer receivables from Borr Drilling
- ComfortDelGro enters deal to divest Vietnam Taxi stake
Others: Singapore Exchange (SGX), City Developments, Singapore Airlines, Cosco Shipping International (Singapore), UOL Group, EC World REIT, Hatten Land, Digilife Technologies, GS Holdings, Koda and Blumont Group.
This item was originally published on Wednesday, 29 December 2021 at 2:52 a.m. SGT; it has since been updated to include Koufu Group.
Mapletree Commercial Trust and Mapletree North Asia Commercial Trust
Sembcorp Marine‘s wholly owned subsidiary PPL Shipyard, or PPLS, has reached a deal to defer receivables from Borr Drilling to 2025 from 2023, the rig builder said in a filing to SGX Tuesday.
ComfortDelGro’s wholly owned subsidiary ComfortDelGro S.E. Asia has entered a deal to sell its entire 70 percent stake in Vietnam Taxi Co. Ltd. (VTCL) to Helios Service and Investment, according to a filing to SGX Tuesday.
SGX and Shenzhen Stock Exchange
Singapore Exchange (SGX) and the Shenzhen Stock Exchange (SZSE) have entered a memorandum of understanding (MOU) to set up a link for exchange-traded funds (ETFs) to provide both exchanges’ investors more options, SGX said in a filing Tuesday.
City Developments tapped Kwek Eik Sheng, age 40, to become group chief operating officer, a newly created position, effective 1 January 2022, the property group said in a filing to SGX Tuesday.
Singapore Airlines said Tuesday Gautam Banerjee, age 67, will be re-designated to non-independent non-executive director, from independent non-executive director previously, effective 1 January 2022.
Cosco Shipping International (Singapore)
Cosco Shipping International (Singapore) said Tuesday it has completed the sale of 60 percent of Cosco Shipping (Singapore) to an interested party.
Wee Investments acquired 153,000 shares of UOL Group for S$6.99796 each in the market on 24 December and 27,000 shares of UOL Group for S$6.99985 a share in the market on 27 December, according to filings to SGX Tuesday.
EC World REIT
Forchn International, which had approached EC World REIT‘s manager in May about a potential transaction for all of the REIT’s properties, has backed out of a potential deal, the REIT said in a filing to SGX Tuesday.
Hatten Land‘s wholly owned subsidiary Hatten MS has entered a termination agreement to unwind its acquisition of Velvet Valley, which owns the Unicity Project at Seremban Malaysia, the Singapore-listed company said in a filing to SGX Tuesday.
Digilife Technologies has entered a deal to acquire 71 percent of Stradbroke Investments from TG Holdings HK for S$7.65 million in an all-share deal, according to a filing to SGX Wednesday.
Correction: An earlier version of this article stated the wrong day Digilife Technologies made the announcement. The announcement was published to SGX early Wednesday.
Koufu Group requested a trading halt before market open Wednesday, pending the release of an announcement. Koufu has previously said it is looking to expand its Dough Culture and Grove QSR outlets to more locations.
GS Holdings said Tuesday its newly set up indirect wholly owned subsidiary Sing Zhong Brands Management has entered a letter of intent with Action Culture to establish 10 Chinese food and beverage brands and 10 Singapore food and beverage brands to be sold as franchises in Asian countries.
Koda Ltd. said Tuesday all of its factories located in Long An Province, Vietnam, have resumed full operating capacity amid a higher vaccination rate. In early October, the company had said its Vietnam operations were at 50 percent of capacity.
“In the meantime, the group continues to adhere to strict measures of wearing mask, safe-distancing and regular testing, amongst others,” Koda said in a filing to SGX.
Blumont Group said Tuesday it would would delay seeking shareholder approval to change its name to Southern Archipelago Ltd. as the company needs additional guidance from Singapore Exchange Regulation on the matter.