SG stocks Wednesday: DBS, Japfa, China Kangda Food

DBS Bank branchDBS Bank branch

Singapore companies in focus on Wednesday, 30 March 2022:

  • DBS weighing IPO of DBS Remit
  • Japfa seeks to list China milk producer AustAsia in Hong Kong
  • China Kangda Food 2021 net loss widens on higher animal feed costs

DBS

DBS is considering placing its international money transfer platform DBS Remit into a separate entity and potentially listing it, Southeast Asia’s largest bank said in a filing to SGX Monday.

Read more: UPDATE: DBS weighing IPO of DBS Remit

Japfa

Japfa has applied to list China milk producer AustAsia Investment Holdings (AIH) in Hong Kong, with plans to distribute the company’s AIH holding to shareholders as a distribution in specie, the agribusiness said in a filing to SGX Tuesday. 

Read more: Japfa seeks to list China milk producer AustAsia in Hong Kong

China Kangda Food

China Kangda Food reported Tuesday its net loss for 2021 widened to CNY40.62 million from CNY36.06 million in 2020 on increased costs of animal feed and lower selling prices for raw chicken meat. 

Read more: China Kangda Food 2021 net loss widens on higher animal feed costs

Briefs

Singapore company briefs: Sembcorp Marine (SembMarine), iFAST Corp., Boustead Projects and Ascendas India Trust. Read more.

Singapore company briefs: United Hampshire US REIT, Reenova Investment, Hoe Leong Corp., UOB and Sarine Technologies. Read more.

Singapore substantial shareholder changes: Ascendas India Trust. Read more.

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