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.
