SG stocks Thursday: Yangzijiang Financial, SIA Engineering, No Signboard, Kimly, IREIT

Market movement charts. Photo by Adam Smigielski on UnsplashMarket movement charts. Photo by Adam Smigielski on Unsplash

Singapore companies in focus on Thursday, 12 May 2022:

  • Temasek’s Fullerton to tokenize private equity fund on ADDX
  • Yangzijiang Financial to set up S$200M Asia fund and will manage S$500M for a family office
  • SIA Engineering enters deal with Honeywell on Boeing 737 and 787 repair operations

Others: No Signboard Holdings, Sim Leisure Group, Kimly, IREIT Global and Prime US REIT.

Yangzijiang Financial to set up S$200M Asia fund and will manage S$500M for a family office

  • Yangzijiang Financial Holding (YZJFH), via its wholly owned subsidiary GEM Asset Management, has entered a deal to provide investment advisory services to a family office, with S$500 million in assets under management (AUM), the company said in a filing to SGX Wednesday.

Temasek’s Fullerton to tokenize private equity fund on ADDX

  • Temasek subsidiary Fullerton Fund Management plans to list a tokenized version of a private equity fund-of-funds on ADDX.

Kimly reports fiscal 1H net profit dropped 15 percent

  • Kimly reported Wednesday its fiscal first half net profit fell 14.7 percent on-year to S$18.5 million on higher expenses, partly related to online food delivery fees.

Prime US REIT reports 1Q22 net property income rose 10 percent

IREIT: 1Q22 occupancy holds steady

  • IREIT Global reported Wednesday its first quarter occupancy held steady at 95.7 percent, unchanged from the previous quarter.

No Signboard: Restructuring may include debt-for-equity swap

  • Troubled No Signboard Holdings‘ proposed restructuring may see creditors’ outstanding debts resolved by debt-for-equity conversion, the iconic Singapore chilli crab restauranteur said in a filing to SGX Wednesday.

SIA Engineering enters deal with Honeywell on Boeing 737 and 787 repair operations

  • SIA Engineering has entered a memorandum of agreement (MOA) with Honeywell to licence repair capability for the Air Data Inertial Reference Unit (ADIRU) on Boeing 737 and 787 aircraft, the Singapore-listed company said in a filing to SGX Wednesday.

Sim Leisure to develop and operate an ESCAPE theme park in Malaysia

  • Sim Leisure Group has entered a deal with TT5 Park to develop, operate and manage an ESCAPE theme park in Perak, Malaysia, the Malaysian theme park operator said in a filing to SGX Wednesday.

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