UPDATE: SG stocks Thursday: Sembcorp Industries, Ascendas REIT, No Signboard, Grab, Yangzijiang Financial

Chang Beer, made by Thai BeverageChang Beer, made by Thai Beverage

Singapore companies in focus on Thursday, 5 May 2022:

  • ThaiBev: Planning spinoff of BeerCo
  • Sembcorp Industries gets S$1.2B sustainability-linked syndicated credit line
  • Ascendas REIT: 1Q22 portfolio occupancy improved
  • No Signboard terminates loan deal with Q&M Dental’s founder
  • Yangzijiang Financial: Applied for CPF investment program

Others: Grab, Singtel and ARA US Hospitality Trust.

This item was originally published on Wednesday, 4 May 2022 at 22:11 SGT; it has since been updated to include Yangzijiang Financial Holdings (YZJFH) and Thai Beverage (ThaiBev).

ThaiBev: Planning spinoff of BeerCo

  • Thai Beverage (ThaiBev) is proposing a spinoff of as much as 20 percent of its BeerCo after shelving its previous attempt in 2021, the beer and soft drink maker said in a filing to SGX Thursday.

Sembcorp Industries gets S$1.2B sustainability-linked syndicated credit line

  • Sembcorp Industries has obtained a five-year S$1.2 billion syndicated sustainability-linked revolving credit facility, the energy and infrastructure company said in a filing to SGX Wednesday.

Yangzijiang Financial: Applied for CPF investment program

  • Yangzijiang Financial Holding (YZJFH) has applied for its shares to be included under the Central Provident Fund (CPF)’s investment program, the company said in a filing to SGX Wednesday.

No Signboard terminates loan deal with Q&M Dental’s founder

Ascendas REIT: 1Q22 portfolio occupancy improved

  • Ascendas REIT reported Wednesday its first quarter portfolio occupancy improved to 92.6 percent, up from 90.6 percent in the year-ago period, but down from 93.2 percent at end-December.

ARA US Hospitality Trust reports 1Q22 net property income surged as Covid cases declined

  • ARA US Hospitality Trust reported Wednesday its first quarter net property income came in at US$5.3 million, surging from US$400,000 in the year-ago quarter as cases of Covid-19 declined.

Grab-led Malaysia digital bank taps StanChart veteran for CEO

  • The Grab-led consortium which won a digital banking license in Malaysia has tapped a Standard Chartered veteran to become the venture’s CEO. The consortium includes Singtel.

Briefs

Singapore company briefs: Dyna-Mac Holdings, Golden Energy and Resources (GEAR), Thakral Corp. and Hong Lai Huat Group. Read more.

Singapore company briefs: Union Steel Holdings, OxPay Financial, USP Group and Yangzijiang Financial Holding (YZJFH). Read more.

Singapore companies announcing executive changes: Manulife US REIT. Read more.