SG stocks Tuesday: ComfortDelGro, Frasers Property, Singtel, KIT, Viking Offshore

Singapore street scene with taxis; taken August 2018.Singapore street scene with taxis; taken August 2018.

Singapore companies in focus on Tuesday, 29 March 2022:

  • Frasers Property enters joint venture to invest in China land plots
  • Singtel unit to acquire ARQ for A$290M
  • ComfortDelGro to temporarily hike taxi fares on fuel price rise

Others: OUE Lippo Healthcare, Viking Offshore and Marine, and Keppel Infrastructure Trust.

Singtel

NCSI Holdings (NSC), a wholly owned subsidiary of Singtel, has entered a deal to acquire Row TopCo, the holding company of Australia-based digital consultancy ARQ Group, for a total A$290 million in cash, the telco said in a filing to SGX Monday. 

Read more: Singtel unit to acquire ARQ for A$290M

Frasers Property 

Frasers Property has entered a tie-up with a joint venture partner and its related entity to pursue potential investments in certain land plots in China, the Singapore-listed developer said in a filing to SGX Monday.

Read more: Frasers Property enters joint venture to invest in China land plots

ComfortDelGro

ComfortDelGro will temporarily increase distance fares for all taxis, effective 4 April, due to sharp increases in fuel prices recently, the land transportation player said in a press release Monday. 

Read more: ComfortDelGro to temporarily hike taxi fares on fuel price rise

Keppel Infrastructure Trust

Keppel Infrastructure Trust (KIT) has proposed Monday changes to its management and performance fee structures to align the manager’s interests with unitholders and to support the trust’s growth plans. 

Read more: Keppel Infrastructure Trust proposes fee changes to boost growth plans

OUE Lippo Healthcare

OUE Lippo Healthcare‘s joint venture Le Kang Assets (Shenzhen) has entered a CNY330 million (S$70 million) loan agreement to finance the development of Prince Bay Hospital in Shekou, Shenzhen, in China, the Singapore-listed company said in a filing to SGX Monday. 

Read more: OUE Lippo Healthcare’s Prince Bay Hospital project lands CNY330M financing

Viking Offshore and Marine

Viking Offshore and Marine has proposed an equity fund raising, a name change, and a diversification into a new business Monday, which sent the company’s shares tumbling to close down 10.2 percent to S$0.088.

Read more: Viking Offshore shares tumble after proposing equity fundraising and new businesses

Briefs

Singapore company briefs: Ascendas India Trust, United Overseas Bank (UOB), Temasek Holdings, Bayer AG, DBS, GIC, Toss and Mohalla Tech. Read more.

Singapore company briefs: BBR Holdings, Frasers Hospitality Trust, Frasers Property, Vallianz Holdings, Shinvest Holding and Spindex Industries. Read more.

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