Singapore companies in focus on Monday, 28 March 2022:
- CICT and CapitaLand Investment fund to acquire 79 Robinson Road for S$1.26B
- Olam to sell around 35 percent Olam Agri stake to Saudi-based SALIC for US$1.24B
- Yangzijiang Shipbuilding makes capital injection into Yangzijiang Financial
Others: UOB and Singtel.
CapitaLand Integrated Commercial Trust (CICT) and CapitaLand Investment (CLI)
CapitaLand Integrated Commercial Trust (CICT) and CapitaLand Open End Real Estate Fund (COREF), a newly established discretionary fund managed by CapitaLand Investment (CLI), have entered a deal to acquire the office property at 79 Robinson Road in Singapore for S$1.26 billion.
Read more: UPDATE: CICT and CapitaLand Investment fund to acquire 79 Robinson Road for S$1.26B
Olam Group, Olam Agri and SALIC
Olam Group will sell an around 35.4 percent take in Olam Agri to Saudi Agricultural and Livestock Investment Co. (SALIC), which is wholly owned by the Public Investment Fund of the Kingdom of Saudi Arabia (KSA), for US$1.24 billion, the agri-business group said in a filing to SGX Friday.
Read more: Olam to sell around 35 percent Olam Agri stake to Saudi-based SALIC for US$1.24B
Yangzijiang Shipbuilding and Yangzijiang Financial
Yangzijiang Shipbuilding (Holdings) said Friday it has made a capital injection into Yangzijiang Financial, increasing its share capital to S$4.26 billion, comprising 3.95 billion shares.
Read more: Yangzijiang Shipbuilding makes capital injection into Yangzijiang Financial
UOB
The annual salary of longstanding UOB chief executive Wee Ee Cheong climbed higher in 2021 and surpassed the 2019 pay level following a difficult year in 2020.
Read more: UOB CEO’s Annual Pay Surpasses 2019 Level
Singtel and Airtel Africa
Singtel has monetized a 1.6 percent stake in Airtel Africa via a market placement, raising net proceeds of around S$150 million from the oversubscribed placement, the Singapore-listed telco said in a filing to SGX Friday.
Read more: Singtel sells a 1.6 percent Airtel Africa stake
Briefs
Singapore company briefs: Far East Hospitality Trust, SPH REIT, China Kunda Technology Holdings and Manulife US REIT (MUST). Read more.
Singapore company briefs: UOB, DBS, Hotel Properties, Singapore Press Holdings (SPH), Cuscaden Peak, ESR Cayman and Tung Lok Restaurants. Read more.
Singapore company briefs: Medinex, EcoWise Holdings, Eneco Energy, Excelpoint Technology, Tung Lok Restaurants and Far East Hospitality Trust. Read more.
