SG briefs: City Developments, CapitaLand Investment, JUMBO, Shenshan Orchard, Shopper360

City Developments signage on construction hoardingCity Developments signage on construction hoarding

Singapore company briefs: City Developments, CapitaLand Investment, JUMBO Group, China Shenshan Orchard Holdings and Shopper360.

City Developments

City Developments said Wednesday it ranked No.5 on the 2022 Global 100 Most Sustainable Corporations in the World list by Corporate Knights, a Toronto-based investment research firm. The property developer’s ranking jumped from 40th on the 2021 list, and the company also maintained the ranking of the world’s most sustainable real estate management and development company, City Developments said in a filing to SGX. 

City Developments said it would strengthen its emissions pathways and carbon reduction efforts to reach its net-zero target by 2030. 

Toby Heaps, Corporate Knights CEO, said in the statement: “With more than 80 percent of its revenue coming from clean and energy-efficient building construction and management, CDL is showing global leadership in addressing the major carbon impact of our built environment.”

Read City Developments’ filing to SGX.

CapitaLand Investment

CapitaLand Investment said Wednesday it has been included as one of the top real estate companies on the 2022 Global 100 Most Sustainable Corporations in the World list by Corporate Knights, a Toronto-based investment research firm. This is the 10th time that CapitaLand has been included on the list, the company said in a filing to SGX.

Lynette Leong, chief sustainability officer at CapitaLand Investment, said in the statement: “We are advancing towards being a low-carbon business through the use of renewable energy in operating our properties, intensifying our global search for innovations through our CapitaLand Sustainability X Challenge and stepping up our adoption of sustainable finance, among others.”

Read CapitaLand Investment’s filing to SGX.

JUMBO Group

JUMBO Group said Wednesday it has opened a new concept restaurant, JUMBO Signatures, at The Shoppes at Marina Bay Sands, with a plan to pair its iconic Singapore dishes, such as chilli crab, with tasting menus and sommelier wine pairing. 

Read JUMBO’s filing to SGX.

China Shenshan Orchard Holdings

China Shenshan Orchard Holdings, formerly known as Dukang Distillers Holdings, guided Wednesday it expected to post a net profit for the 18-month period from 1 July 2020 to 31 December 2021, a period which includes its Baijiu business prior to completing its disposal and its acquisition of the kiwifruit business.

The net profit is mainly due to a non-recurring gain from the “bargain purchase” of Great Resolute, a non-recurring gain from disposing of Sea Will, and operating profit from the kiwifruit business, the company said in a filing to SGX. 

Read China Shenshan Orchard’s filing to SGX.

Shopper360

Shopper360 has entered a joint venture deal with Surge Ventures to provide data analytics, data science, machine learning and artificial intelligence to retail, e-commerce and marketing-related businesses and brands, the company said in a filing to SGX Wednesday. 

Shopper360 will invest 1 million ringgit for a 40 percent stake in the joint venture, called Avinity Analytics, which will be incorporated in Singapore, the filing said. 

Read Shopper360’s filing to SGX.


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