SG stocks Friday: SembMarine, Keppel, SGX, OCBC, SPH, Cuscaden Peak, No Signboard

Johan Castberg FPSO departing Sembcorp Marine Tuas Boulevard Yard following completion of the FPSO hull and living quarters in early 2022. Credit: Sembcorp Marine (SembMarine)Johan Castberg FPSO departing Sembcorp Marine Tuas Boulevard Yard following completion of the FPSO hull and living quarters in early 2022. Credit: Sembcorp Marine (SembMarine)

Singapore companies in focus on Friday, 1 April 2022:

  • Keppel and SembMarine cite ‘significant progress’ on merger
  • SGX ties up with UK government to boost ESG development in Asia
  • OCBC CEO’s salary slips compared with predecessor’s
  • SPH and SPH REIT request trading halt before court hearing on Cuscaden Peak offer

Others: Frasers Property, First REIT, Keppel Corp., No Signboard Holdings, Wing Tai Holdings, Hatten Land and ADDX.

Keppel Corp. and Sembcorp Marine (SembMarine)

Keppel Corp. and Sembcorp Marine (SembMarine) said Thursday they’ve made “significant progress” on talks over combining their offshore and marine businesses. 

Read more: Keppel and SembMarine cite ‘significant progress’ on merger

Singapore Exchange (SGX) and U.K. government

Singapore Exchange Group has tied up with MOBILIST, a program by the U.K. government’s Foreign Commonwealth & Development Office (FCDO), which aims to use public capital markets to support sustainable environmental, social and economic (ESG) development in Asia.

Read more: SGX ties up with UK government to boost ESG development in Asia

OCBC

OCBC’s first female chief executive Helen Wong saw her salary slip compared to predecessor Samuel Tsien’s last year with the bank despite significantly stronger annual earnings.

CORRECTION: This article originally incorrectly compared Helen Wong’s salary with her predecessor. Her salary was lower compared with her predecessor. 

Read more: CORRECTION: OCBC CEO’s salary slips compared with predecessor’s

SPH, SPH REIT and Cuscaden Peak

Singapore Press Holdings (SPH) and SPH REIT have requested trading halts Thursday, with the Singapore court hearing to sanction Cuscaden Peak‘s bid to acquire SPH set for Friday. 

Read more: SPH and SPH REIT request trading halt before court hearing on Cuscaden Peak offer

Frasers Property

Frasers Property said it secured a GBP100 million five-year revolving green credit facility to finance the development of The Rowe, a 12-storey office building in Whitechapel, London, which has already attained BREEAM U.K. Interim Certificate with an “Excellent” rating. 

Read more: Frasers Property gets green loan for UK commercial development project

First REIT

First REIT is pricing five-year social bonds in the 3.5 percent area, with the notes guaranteed by the Asian Development Bank (ADB), according to a client note seen by Shenton Wire Thursday. 

Read more: First REIT prices five-year social bonds guaranteed by ADB

Keppel Corp. 

Keppel Telecommunications & Transportation (Keppel T&T) has entered a deal to divest all of its stake in Keppel Logistics to Geodis International SAS for around S$80 million, Keppel Corp. said in a filing to SGX Thursday. 

Read more: Keppel to divest logistics business to Geodis for S$80M

SGX- and Temasek-backed ADDX

ADDX, which is backed by Singapore Exchange (SGX) and Singapore state-owned investment company Temasek Holdings, will tie up with U.S.-based private markets player Hamilton Lane to tokenize shares of the Hamilton Lane Global Private Assets Fund (GPA) to spur greater access to private markets for a broader range of investors in Asia, the companies said in a press release Wednesday.

Read more: SGX-backed private markets platform ADDX to tokenize Hamilton Lane fund

Wing Tai Holdings

Wing Tai Holdings has entered a deal to acquire the remaining 50 percent of the freehold properties at 464-466 St. Kilda Road, Melbourne, and Brooklands Car Park units 112-218 it didn’t already own, the property developer said in a filing to SGX Thursday. 

Read more: Wing Tai to acquire 50 percent of Melbourne properties it didn’t already own

No Signboard Holdings

Troubled No Signboard Holdings said Thursday it would shutter its No Signboard Seafood Esplanade outlet, located at the Esplanade Mall, effective Friday. 

Read more: No Signboard to shutter Esplanade Mall outlet

Hatten Land

Hatten Land‘s wholly owned subsidiary Hatten Edge has entered a cryptocurrency mining agreement with a new, unnamed partner for up to 550 mining rigs to be added to the Malaysian company’s facilities, according to a filing to SGX Thursday. 

Read more: Hatten Land enters deal with new partner for cryptocurrency mining

Briefs

Singapore company briefs: Frasers Logistics & Commercial Trust, Asian Healthcare Specialists, Mapletree Commercial Trust, QT Vascular and The Place Holdings. Read more.

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