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.
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.
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.
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.
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.
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.
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.