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 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 subsidiary Fullerton Fund Management plans to list a tokenized version of a private equity fund-of-funds on ADDX.
- 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 reported Wednesday its first quarter net property income rose 10.4 percent on-year to US$25.44 million on the acquisitions of Sorrento Towers and One Town Center.
- IREIT Global reported Wednesday its first quarter occupancy held steady at 95.7 percent, unchanged from the previous quarter.
- 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 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 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.