SG stocks Thursday: ComfortDelGro, CityDev, Manhattan Resources, Temasek, SingPost

A ComfortDelGro taxi on Geylang Road in Singapore. Photo by Dave Kim on UnsplashA ComfortDelGro taxi on Geylang Road in Singapore. Photo by Dave Kim on Unsplash

Singapore companies in focus on Thursday, 31 March 2022:

  • ComfortDelGro to invest S$30M on autonomous vehicle facilities
  • City Developments to divest 85 strata lots at Tanglin Shopping Centre
  • Manhattan Resources’ Athena Energy gets US$14M loan from Swiss asset manager

Others: Singapore Post (SingPost), Temasek Holdings and Azalea Group, Second Chance Properties.

ComfortDelGro

ComfortDelGro plans to invest S$30 million to establish an autonomous vehicle center to build its capability in operating and maintaining the vehicles, the land-transport operator said in a filing to SGX Wednesday. 

Read more: ComfortDelGro to invest S$30M on autonomous vehicle facilities

City Developments

City Developments said Wednesday its indirect subsidiary King’s Tanglin Shopping (KTS) agreed to dispose of all 85 strata lots and two car parks it holds at the Tanglin Shopping Centre in a collective sale.

Read more: City Developments to divest 85 strata lots at Tanglin Shopping Centre

Temasek Holdings and Azalea Group

Azalea Investment Management, an indirect wholly owned subsidiary of Singapore’s state-owned investment company Temasek Holdings, has launched a private equity fund focused on environmental, social and governance (ESG), the manager said in a press release Wednesday.

Read more: Temasek-backed Azalea launches ESG-focused private-equity fund

Manhattan Resources, Athena Energy and responsAbility Investments

Athena Energy Holdings, which is wholly owned by Manhattan Resources, has received a US$14 million syndicated senior secured loan from responsAbility Investments AG, a Swiss sustainable asset manager, the companies said in a filing to SGX Wednesday. 

Read more: Manhattan Resources’ Athena Energy gets US$14M loan from Swiss asset manager

Singapore Post (SingPost)

Singapore Post (SingPost) has priced S$250 million subordinated fixed-rate perpetual securities at 4.35 percent until the first reset date, the postal and logistics operator said in a filing to SGX Wednesday. 

Read more: SingPost prices S$250M perpetual securities

Second Chance Properties

Second Chance Properties reported Wednesday its fiscal first half net profit fell 8 percent on-year to S$4.6 million on lower revenue from the gold and property businesses, offset by improvements in the apparel and securities segments.

Read more: Second Chance Properties reports fiscal 1H net profit fell 8 percent

Briefs

Singapore company briefs: ComfortDelGro, HRnetGroup, SMI Vantage and Hattan Land. Read more.

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