SG stocks Monday: Yangzijiang, SPH, Singtel, UOB, First REIT, SPH REIT, SBS Transit

A container ship. Photo by Ian Taylor on UnsplashA container ship. Photo by Ian Taylor on Unsplash

Singapore companies in focus on Monday, 4 April 2022:

  • Singtel’s ATN and AustralianSuper to acquire Axicom for A$3.58B
  • Cuscaden Peak’s bid for SPH gets court approval
  • Yangzijiang Shipbuilding sets vote for spinoff of Yangzijiang Financial

Others: PSA International, UOB, First REIT, SPH REIT, iFAST Corp., SBS Transit and Green Build Technology.

Singtel

Australia Tower Network (ATN), which is owned by Singtel and AustralianSuper, entered a deal to acquire Axicom, an Australian provider of telecommunications-tower infrastructure, for A$3.58 billion, the companies said in a filing to SGX Friday. 

Read more: Singtel’s ATN and AustralianSuper to acquire Axicom for A$3.58B

Yangzijiang Shipbuilding and Yangzijiang Financial 

Yangzijiang Shipbuilding (Holdings) has set the vote on spinning off Yangzijiang Financial Holdings (YZJFH) to be listed on SGX by way of introduction, outlining its plans to shift to fund investments, according to filings to SGX Friday. 

Read more: Yangzijiang Shipbuilding sets vote for spinoff of Yangzijiang Financial

Cuscaden Peak, SPH and SPH REIT

Cuscaden Peak‘s takeover bid for Singapore Press Holdings (SPH) has received the approval of Singapore’s court, and is set to be completed, according to a filing to SGX Friday. 

Read more: UPDATE: Cuscaden Peak’s bid for SPH gets court approval

UOB

UOB has priced more than US$2 billion of notes, across three tenors, according to a filing to SGX Friday.

Read more: UOB prices more than US$2B of notes

PSA International

PSA International has acquired Ceres Halifax from Nippon Yusen Kabushiki Kaisha, giving it two container terminals to operate in Halifax: Atlantic Hub and Fairview Cove, jointly branded as PSA Halifax, the port operator said in a filing to SGX Saturday. 

Read more: PSA International acquires Ceres Halifax container terminal

SPH REIT

SPH REIT reported Friday its fiscal first half net property income edged up 0.4 percent on-year to S$105.27 million as a gradual market recovery was offset by a spike in electricity rates. 

Read more: SPH REIT reports fiscal 1H22 net property income nearly flat amid higher expenses

First REIT

First REIT has priced a five-year S$100 million healthcare social bond — a first for Singapore and for the REIT — at 3.25 percent, the healthcare-property focused REIT said in a filing to SGX Friday. 

The issuance confirms a report by Shenton Wire on Thursday.

Read more: First REIT prices S$100M healthcare social bond guaranteed by ADB trust fund

SBS Transit

SBS Transit said Friday it has appointed two new CEOs to head the core bus and rail businesses as part of a succession strategy. 

Read more: Executive moves: SBS Transit taps two new CEOs

iFAST Corp. 

IFAST Corp. said Friday it would rename its newly acquired BFC Bank to iFAST Global Bank, noting the name change has been approved by authorities. 

Read more: iFAST to change BFC Bank’s name

Green Build Technology

Green Build Technology reported Friday its 2021 net profit jumped 127 percent on-year to CNY5.89 million on higher margin work and higher revenue in the project consultancy services segment. 

Read more: Green Build Tech reports 2021 net profit more than doubled

Briefs

Singapore company briefs: Mapletree Logistics Trust, KSH Holdings, Lian Beng Group, Heeton Holdings, Adventus Holdings, Sing Holdings and Medinex. Read more.

Singapore company briefs: Luminor Financial Holdings, China Star Food Group and Zixin Group Holdings. Read more.

Singapore companies announcing executive changes: GuocoLand, Boustead Projects and Manhattan Resources. Read more

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