SG stocks Tuesday: APAC Realty, OCBC, OUE Commercial REIT, Ascendas India Trust, ThaiBev

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Singapore companies in focus on Tuesday, 26 April 2022:

  • Morgan Stanley Private Equity Asia to take controlling stake in APAC Realty
  • OUE Commercial REIT prices S$100M notes due 2027
  • Ascendas India Trust reports 1Q22 net property income rose 4 percent

Others: OCBC and Thai Beverage (ThaiBev).

Morgan Stanley Private Equity Asia to take controlling stake in APAC Realty

  • Morgan Stanley Private Equity Asia (MSPEA) has agreed to acquire 59.8 percent of real estate services company APAC Realty for around S$129.5 million, or S$0.61 a share, the offeror said in a statement filed to SGX Monday.

Ascendas India Trust reports 1Q22 net property income rose 4 percent

  • Ascendas India Trust reported Monday its first quarter net property income rose 4 percent on-year in Singapore-dollar terms to S$40 million on higher total property income, partly offset by higher operating costs and the reversal of an expected credit loss a year earlier.

OCBC enters tie-up green financing using tokenized carbon credits

  • OCBC Bank has tied up with digital green exchange MetaVerse Green Exchange (MVGX) to develop green financing using tokenized carbon credits.

OCBC sues China developer Shimao: Report

  • Chinese property troubles persist and have now affected Singaporean lender OCBC, which has filed a legal claim against developer Shimao regarding repayment for a revolving credit facility, according to a media report.

OUE Commercial REIT prices S$100M notes due 2027

  • OUE Commercial REIT has priced S$100 million notes due 2027 at 4.20 percent, the REIT said in a filing to SGX Monday.

ThaiBev buys 51 percent of US logistics-data player ChyData

  • Thai Beverage‘s wholly owned subsidiary SEA Logistics & Technology has acquired 51 percent of U.S.-based logistics-data player ChyData for US$25.5 million, the Thailand-based beverage maker said in a filing to SGX Monday.

Briefs

Singapore company briefs: The Straits Trading Co., Yangzijiang Shipbuilding (Holdings) and Yangzijiang Financial Holding (YZJFH) and Dyna-Mac Holdings. Read more.