SG stocks Friday: OCBC, Mapletree Commercial, MNACT, Wing Tai, Astrea 7

OCBC Bank branchOCBC Bank branch

Singapore companies in focus on Friday, 27 May 2022:

  • OCBC required to hold additional capital after phishing scam response
  • Mapletree Commercial Trust rating confirmed by Moody’s; MNACT’s rating eyed for upgrade
  • Azalea’s Astrea 7 US$755M bonds oversubscribed
  • Wing Tai wins tender for Lakeside Apartments en bloc with S$273.89 bid
  • Boustead Singapore reports fiscal year net profit dropped 73 percent

OCBC required to hold additional capital after phishing scam response

  • The Monetary Authority of Singapore (MAS) has imposed additional capital requirements on OCBC Bank after its spotty response to phishing scams in December.

Azalea’s Astrea 7 US$755M bonds oversubscribed

  • The US$755 million across three classes of private equity-backed bonds offered by the Astrea 7 was three times oversubscribed, with more than US$2 billion in demand, Astrea 7 and Azalea Investment Management said in a filing to SGX Thursday.

Mapletree Commercial Trust rating confirmed by Moody’s; MNACT’s rating eyed for upgrade

Wing Tai wins tender for Lakeside Apartments en bloc with S$273.89M bid

  • Wing Tai Holdings has won the tender for the collective purchase, or en bloc deal, for the Lakeside Apartments site for S$273.89 million, the property developer said in a filing to SGX Thursday.

    Correction: This item misstated the size of the deal in the headline. The correct figure is S$273.89 million.

Boustead Singapore reports fiscal year net profit dropped 73 percent

SPONSORED: Watches.com entering online watch business just as consumers re-open wallets

  • As the world begins to roll back pandemic restrictions, wallets are opening up — and watches are on consumers’ shopping lists.

Briefs

Singapore company briefs: GKE Corp., OxPay Financial, Uni-Asia Group and Singapore Shipping Corp. Read more.