SG stocks Wednesday: Singapore Airlines, Keppel, SembMarine, GoTo, OxPay, Kitchen Culture

A Singapore Airlines Scoot plane on the tarmac at Changi Airport in October 2018.A Singapore Airlines' Scoot plane at Changi Airport

Singapore companies in focus on Wednesday, 16 March 2022:

  • Keppel, KAIF and a co-investor to acquire 50 percent of Cleantech Solar Asia
  • SembMarine completes first zero-emission Ropax ferry
  • Singapore Airlines February passenger numbers surged 700 percent

Others: GoTo Group, OxPay Financial and Kitchen Culture.

Singapore Airlines

Singapore Airlines reported Tuesday that passengers carried in February jumped 704 percent on-year to 544,600 as operations pick up from the impact of the Covid-19 pandemic.

Read more: Singapore Airlines February passenger numbers surged 700 percent

Keppel Corp. 

Keppel Corp.Keppel Asia Infrastructure Fund (KAIF) and a co-investor of KAIF are acquiring 50 percent of Cleantech Solar Asia for US$115 million from CEF 200 BV, a fund managed by Climate Fund Managers, the Singapore-listed company said in a filing to SGX Tuesday.

Read more: Keppel, KAIF and a co-investor to acquire 50 percent of Cleantech Solar Asia

Sembcorp Marine (SembMarine)

Sembcorp Marine (SembMarine) has completed fabrication of the first of three battery-operated roll-on/roll-off passenger (Ropax) ferries for Norled AS, a Norwegian ferry operator, the Singapore-listed company said in a filing to SGX Tuesday. 

Read more: SembMarine completes first zero-emission Ropax ferry

GoTo Group

Defying global market turmoil, superapp GoTo has filed to raise at least IDR15.2 trillion, or around US$1.1 billion, in an initial public offering (IPO) on the Indonesia Stock Exchange.

Read more: Superapp GoTo files to raise at least US$1.1B In Indonesia IPO

Kitchen Culture

Kitchen Culture said Tuesday a statement containing “certain false and misleading allegations” about the company and various board members had been circulated to various shareholders ahead of the upcoming annual general meeting (AGM) on 18 March. 

Read more: Kitchen Culture warns of ‘false’ allegations circulating before AGM

OxPay Financial

OxPay Financial said Tuesday it has lodged a police report last week over suspected involvement by certain former employees in alleged wrongdoing at the annual general meeting (AGM) in April 2021. 

Read more: OxPay Financial: Police report over AGM allegations

Briefs

Singapore company briefs: ST Engineering, Aztech Global, Chip Eng Seng, Straco Corp. and ABR Holdings.

Read more: SG briefs: ST Engineering, Aztech Global, Chip Eng Seng, Straco, ABR Holdings

Singapore company briefs: ComfortDelGro and ValueMax Group.

Read more: SG briefs: ComfortDelGro, ValueMax

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