SG stocks Monday: Grab, NIO, Ascendas REIT, Seroja, Procurri

The NIO ET5 model mid-size premium smart electric (EV) sedan, which was launched in December 2021. Credit: NIOThe NIO ET5 model mid-size premium smart electric (EV) sedan, which was launched in December 2021. In April 2022, the first batch of tooling trial builds of the ET5 rolled off the production line at the NeoPark manufacturing plant in Hefei in China. Credit: NIO

Singapore companies in focus on Monday, 23 May 2022:

  • Grab’s Singapore digital bank launch set for 2H22
  • NIO’s SGX debut outpaces US-listed shares
  • Ascendas REIT: To scale up data center investments

Others: DeClout and Procurri, Seroja Investments and Halcyon Agri.

Grab’s Singapore digital bank launch set for 2H22

  • Southeast Asian superapp Grab is targeting the public launch of its Singapore digital bank in the second half of 2022.

NIO’s SGX debut outpaces US-listed shares

  • Smart electric vehicle (EV) maker NIO‘s secondary listing in Singapore posted a solid trading debut Friday, finishing above its U.S.-listed American Depositary Shares (ADS).

Ascendas REIT: To scale up data center investments

  • Ascendas REIT said it plans to scale up its investment in data centers, with no plans to cap investments in the segment currently.

DeClout makes offer for remainder of Procurri

  • DeClout has bid to acquire the remainder of Procurri it doesn’t already own after multiple transactions took its stake above 30 percent, triggering a mandatory general offer at S$0.425 a share in cash.

Seroja to acquire Indonesia nickel miners for US$2B in reverse takeover

  • Seroja Investments has entered a deal to acquire Denway Development from Nickel Global Group for US$2 billion in shares in a reverse takeover deal, according to a filing to SGX Friday.

Halcyon Agri reports 1Q22 revenue grew 19 percent

  • Halcyon Agri Corp. reported Friday its first quarter revenue increased 18.9 percent on-year to US$617.3 million on higher sales volume and higher average selling prices.

Briefs

Singapore company briefs: Keppel REIT, King Wan Corp., NutryFarm International and Aspen (Group) Holdings. Read more.

Singapore companies announcing executive changes: Viking Offshore and Marine. Read more.