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
- Troubled No Signboard Holdings has terminated its loan deals with two investors, including the founder of Q & M Dental’s founder, after entering a rescue deal with a larger investor, according to a filing to SGX Wednesday.
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.
