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 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.
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.
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.