Singapore companies in focus on Thursday, 10 March 2022:
- DBS CEO Piyush Gupta gets a pay bump
- Olam International shares suspended from trade
- Ascott Residence Trust to acquire five Japan longer-stay housing properties
Others: Keppel Corp., British and Malayan Holdings and EC World REIT.
Piyush Gupta, the CEO of Southeast Asia’s largest bank, DBS, received a pay bump of around 48 percent from 2020 to a total of S$13.58 million in 2021.
Correction: This item provided an incorrect comparison year for the percentage change of Piyush Gupta’s remuneration. His remuneration increased 12 percent from 2019, and 48 percent from 2020.
Olam International and Olam Group
Olam International on Wednesday requested a mandatory suspension of its shares as part of its restructuring; on 16 March, the group will resume trade as Olam Group.
Ascott Residence Trust
Ascott Residence Trust (ART) will invest around JPY10.4 billion, or around S$125 million, to acquire four rental housing properties and its first student accommodation property in Japan, the trust said in a filing to SGX Wednesday.
Keppel Corp. is pricing a 2.9 percent perpetual bond offering, with an indicative market offer in the 98.80 to 99.00 area, according to a client note seen by Shenton Wire Wednesday.
EC World REIT
British and Malayan Holdings
British and Malayan Holdings said Wednesday it has proposed the sale of its property located in The Adelphi building, at 1 Coleman Street, unit 08-01, in Singapore.
Darco Water, Ho Bee Land, Lian Beng and others
Singapore company briefs: Darco Water Technologies, Ho Bee Land, Singapore O&G, Lian Beng Group and Clearbridge Health.
EcoWise and GKE Corp.
Singapore company briefs: EcoWise Holdings and GKE Corp.