Singapore companies in focus on Monday, 21 February 2022:
- CICT issues HK$900M notes to finance green projects
- FLCT: Logistics property demand to slow as pandemic stabilizes
- Golden Energy and Resources reports 2021 net profit surged more than 600 percent
Others: Hiap Hoe, Koh Brothers Eco Engineering, Oiltek International, Centurion Corp., TEE International, SIA Engineering and briefs.
CapitaLand Integrated Commercial Trust (CICT)
CapitaLand Integrated Commercial Trust (CICT) said Friday it has issued, via a subsidiary, HK$900 million 2.95 percent fixed-rate notes due 2031 to finance green projects.
Frasers Logistics & Commercial Trust
Frasers Logistics & Commercial Trust (FLCT) expects demand for logistics and industrial properties will continue to grow, but at a slower pace, according to minutes of the annual general meeting (AGM) filed to SGX Friday.
Golden Energy and Resources (GEAR)
Golden Energy and Resources (GEAR) reported Friday its 2021 net profit surged 629 percent on-year to a record US$251.26 million, the highest since its listing in 2016, as average selling prices for both energy coal and metallurgical coal jumped.
Hiap Hoe and Orchard Towers
Orchard Towers’ unitholders approved the reserve price for a collective sale of the storied mixed-use property at an extraordinary general meeting (EGM) held Friday, Hiap Hoe Ltd. said in a filing to SGX.
Koh Brothers Eco Engineering and Oiltek
Centurion Corp. guided Friday that it expected 2021 net profit would show a “substantial increase” of at least 200 percent, compared with 2020’s net profit of around S$17.2 million.
TEE International has been ordered to produce various documents to the Commercial Affairs Department (CAD) of the Singapore Police Force to assist in an investigation of an offence under the Securities and Futures Act, the company said in a filing to SGX Friday.
SIA Engineering, CapitaLand Investment, Koufu and others
Singapore company briefs: SIA Engineering, Intraco, TEE International, CapitaLand Investment, Koufu, G.H.Y Culture & Media Holding.
VTAC, Olam, Raffles Education and others
Singapore company briefs: Vertex Technology Acquisition Corp. (VTAC), Olam International, Raffles Education, V2Y Corp. and Mary Chia Holdings.
SIA Engineering, SIIC Environment, Koufu and others
Singapore company briefs: SIA Engineering, SIIC Environment Holdings, Kitchen Culture, Clearbridge Health and Ezion Holdings.