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.
Southeast Asian super-app Grab’s fintech performance stumbled in the fourth 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.
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.
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.
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.
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.
ComfortDelGro, ValueMax, Maxi-Cash and others
Singapore company briefs: ComfortDelGro, ENGIE Group, ValueMax Group, Maxi-Cash Financial Services, Alpha DX and Fortress Minerals.
Keppel Land, Shinvest Holding
Singapore company briefs: Keppel Land and Shinvest Holding.