SG stocks Tuesday: ESR-REIT, ALOG, SPH, SPH REIT, Keppel DC REIT, Alset

Singapore street scene at Duxton HillSingapore street scene at Duxton Hill

Singapore companies in focus on Tuesday, 22 March 2022:

  • ESR-REIT and ARA LOGOS Logistics Trust unitholders approve merger
  • SPH and SPH REIT request trading halt
  • Keppel DC REIT: Lawsuit filed against DXC Technology over alleged default

Others: Alset International. 

ESR-REIT and ARA LOGOS Logistics Trust (ALOG)

The unitholders of ESR-REIT and ARA LOGOS Logistics Trust (ALOG) approved the proposed merger of the two REITs in separate extraordinary general meetings (EGMs) held Monday. 

Read more: ESR-REIT and ARA LOGOS Logistics Trust unitholders approve merger

SPH and SPH REIT

Both Singapore Press Holdings (SPH) and SPH REIT requested trading halts Monday evening, saying it was pending the release of an announcement. Market watchers have been awaiting developments on the rival bids to acquire SPH from Keppel Corp. and consortium Cuscaden Peak.

Read more: SPH and SPH REIT request trading halt

Keppel DC REIT

Keppel DC REIT said Monday Keppel DC Singapore 1 (KDC), which is the master lessee of the data center at 25 Serangoon North Avenue 5 in Singapore, has commenced a lawsuit in Singapore’s High Court against DXC Technology Services Singapore.

Read more: Keppel DC REIT: Lawsuit filed against DXC Technology over alleged default

Alset International

Alset International plans to enter the cryptocurrency mining business via newly formed subsidiary Alset Mining, the Singapore-listed developer of U.S. properties said in a filing to SGX Monday. 

Read more: Alset to enter cryptocurrency mining business

Briefs

Singapore company briefs: United Overseas Bank (UOB), Dasin Retail Trust, Darco Water Technologies, Nordic Group and Sarine Technologies. Read more.

Singapore company briefs: StarHub and MyRepublic, United Hampshire US REIT, Aztech Global, Broadway Industrial Group and EcoWise Holdings. Read more

Singapore company briefs: First Ship Lease Trust (FSLT), Koufu, The Trendlines Group, Riverstone Holdings and Advanced Holdings. Read more

Singapore companies announcing executive changes: ST Engineering and NutryFarm International. Read more.

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