SG stocks Thursday: Singtel, Cuscaden Peak, SPH REIT, DBS, UOB, OCBC, Hour Glass

Singtel retail outlet at Tiong Bahru PlazaSingtel retail outlet at Tiong Bahru Plaza; photo taken pre-Covid

Singapore companies in focus on Thursday, 2 June 2022:

  • Singtel ties up with Lendlease to redevelop Comcentre in S$3B project
  • Cuscaden Peak’s chain offer for SPH REIT turns unconditional
  • DBS taps sustainable finance expert for board sustainability committee

Others: UOB, OCBC, The Hour Glass, QT Vascular, EC World REIT and Singapore Exchange (SGX).

Cuscaden Peak’s chain offer for SPH REIT turns unconditional

  • Cuscaden Peak’s chain offer to acquire all of SPH REIT’s units has become unconditional, as acceptances of the bid pushed its holding over the 50 percent threshold, the offeror said in a filing to SGX early Thursday.

Singtel ties up with Lendlease to redevelop Comcentre in S$3B project

  • Singtel is tying up with real estate player Lendlease to redevelop the telco’s Comcentre headquarters building into a S$3 billion sustainable development, the companies said in a filing to SGX Wednesday.

Executive moves: DBS taps sustainable finance expert for board sustainability committee

  • DBS Group has appointed Ben Caldecott to its board sustainability committee (BSC) as a non-director member, the bank said in a filing to SGX Wednesday.

OCBC pricing perpetual securities: Client note

  • OCBC is pricing subordinated unsecured perpetual capital securities intended to qualify as tier 1 capital, according to a client note seen by Shenton Wire Wednesday.

Executive moves: UOB appoints Vietnam CEO

  • UOB has appointed a 30-year banking veteran as the chief executive officer of its Vietnam unit.

SGX CDP sets up Marketnode’s platform for faster debt issuance

  • SGX CDP is making Marketnode, a blockchain bond issuance platform, available to market participants, in a move which can shorten settlement time for new-issue bond offerings to two days, Singapore Exchange (SGX) said in a filing Wednesday.

Hour Glass to acquire Brisbane property for A$82M

  • The Hour Glass has entered a deal to acquire a property in the main luxury retail precinct in Brisbane, Australia’s central business district (CBD), according to a filing to SGX.

EC World REIT extends loan facilities

  • EC World REIT has reached an agreement to extend its offshore loan facilities to at least July, and potentially until end-April 2023, the REIT said in a filing to SGX Wednesday.

QT Vascular seeks to transfer listed status to Quantum Healthcare

  • QT Vascular is proposing to restructure by transferring its listed status to Quantum Healthcare, according to a scheme document sent to shareholders and filed to SGX Wednesday.

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.

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