SG stocks Wednesday: iFAST, Singtel, No Signboard, SingHaiyi, Hatten Land

Singapore’s central business district (CBD) with CapitaLand and Singtel buildings; taken September 2018.CapitaLand and Singtel buildings in Singapore’s central business district.

Singapore companies in focus on Wednesday, 12 January 2022:

  • iFAST raises S$105M in over-subscribed share placement
  • Singtel: No assurance of any deal for Australia Optus’ fiber assets
  • No Signboard terminates share placement deal

Others: Hatten Land, SingHaiyi Group and HC Surgical Specialists.

iFAST Corp.

IFAST Corp. raised S$105 million in an over-subscribed placement of 14 million new shares at S$7.50, the top end of the S$7.30 to S$7.50 price range, the Singapore-listed wealth-management platform said in a filing to SGX Tuesday.

Read more: iFAST raises S$105M in over-subscribed share placement

Singtel

Singtel said Tuesday there was no assurance that any deal would emerge for the fiber assets of its Australian subsidiary Optus.

Read more: Singtel: No assurance of any deal for Australia Optus’ fiber assets

No Signboard Holdings

No Signboard Holdings has terminated its deal with investor Henry Chandra Tjiang for a proposed placement of 77.78 million new shares, which was intended to raise S$3.5 million for the iconic chilli crab restauranteur, according to a filing to SGX Tuesday.

Read more: No Signboard terminates share placement deal

SingHaiyi Group

SingHaiyi Group on Tuesday requested the mandatory suspension of its shares from trading on SGX as less than 10 percent of its shares are now held by the public after the close of a takeover offer. 

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

Hatten Land

Hatten Land said Tuesday the shipment of its first 80 crypto-mining rigs have been delivered to its facilities in Melaka, Malaysia, after supply-chain issues had delayed their arrival.

Read more: Hatten Land set to begin cryptocurrency mining as delayed rigs arrive

HC Surgical Specialists

HC Surgical Specialists reported Tuesday its fiscal first half net profit dropped 7.2 percent on-year to S$4.64 million due to rising concerns over Covid-19 amid increased community cases, compared with the year-earlier period showing pent-up demand after the “Circuit Breaker” lockdown period ended.

Read more: HC Surgical reports fiscal first half net profit dropped 7 percent on Covid impact

 

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