SG stocks Monday: Yangzijiang, Don Agro, Far East Orchard, Kitchen Culture, Grab

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

Singapore companies in focus on Monday, 7 March 2022: 

  • Yangzijiang to issue S$50M convertible bonds to EDBI, Alexandrian Worldwide
  • Far East Orchard enters JV for China hospitality management
  • Russia-based Don Agro notes transactions with sanctioned parties

Others: Kitchen Culture, Grab and Yanlord Land.

Yangzijiang Shipbuilding (Holdings)

Yangzijiang Shipbuilding (Holdings) has entered a deal to issue zero-coupon convertible bonds to EDB Investments and Alexandrian Worldwide Inc. (AWI), which will take up S$25 million each, the Chinese shipbuilder said in a filing to SGX Friday. 

Read more: Yangzijiang to issue S$50M convertible bonds to EDBI, Alexandrian Worldwide

Grab

Southeast Asian super-app Grab’s fintech performance stumbled in the fourth quarter.

Read more: Grab’s Fintech Stumbles in Quarter

Don Agro International

Don Agro International, a Russia-based agricultural company, named Friday five sanctioned Russian entities it has had transactions with in 2021. 

Read more: Russia-based Don Agro notes transactions with sanctioned parties

Far East Orchard

Far East Orchard has entered a joint venture with Real Hospitality Group Asia (RHGA) for a hospitality management business in China, the Singapore-listed company said in a filing to SGX Friday. 

Read more: Far East Orchard enters JV for China hospitality management

Yanlord Land

Yanlord Land said Friday its February total contracted pre-sales from residential and commercial units and car parks, including joint ventures and associates, amounted to around CNY1.07 trillion from contracted gross floor area of 30,223 square meters, down 57.9 percent and 62.1 percent, respectively, from February 2021.

Read more: Yanlord Land: February contracted pre-sales dropped

Kitchen Culture

Kitchen Culture Holdings‘ auditors have cited material uncertainties which cast “significant doubt” on the company’s ability to continue as a going concern, according to a filing to SGX late Thursday. 

Read more: Kitchen Culture: Auditors cite material uncertainty on going concern

Singapore Post (SingPost), Kitchen Culture, Aspen (Group) Holdings and Sunright 

Singapore company briefs: Singapore Post (SingPost), Kitchen Culture Holdings, Aspen (Group) Holdings and Sunright Ltd. 

Read more: SG briefs: SingPost, Kitchen Culture, Aspen, Sunright

ComfortDelGro, ValueMax, Maxi-Cash and others

Singapore company briefs: ComfortDelGro, ENGIE Group, ValueMax Group, Maxi-Cash Financial Services, Alpha DX and Fortress Minerals.

Read more: SG briefs: ComfortDelGro, ENGIE, ValueMax, Maxi-Cash, Alpha DX, Fortress Minerals

Keppel Land, Shinvest Holding

Singapore company briefs: Keppel Land and Shinvest Holding.

Read more: SG briefs: Keppel Land, Shinvest Holding

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