SG stocks Monday: Olam, Kim Heng, Yangzijiang Shipbuilding, F&N, SPH REIT

Corn on the cob. Photo by Wouter Supardi Salari on UnsplashCorn on the cob. Photo by Wouter Supardi Salari on Unsplash

Singapore companies in focus on Monday, 6 June 2022:

  • Olam: Weighing additional Olam Agri stake
  • Stake changes: Kim Heng, Hildrics Capital and Credence Capital Fund
  • Singapore Wholesale Digital Bank Opens Shop

Others: Yangzijiang Shipbuilding, SPH REIT, Fraser and Neave, and Malaysia Smelting Corp. (MSC).

Olam: Weighing selling additional Olam Agri stake

  • Olam Group is considering selling up to an additional 10 percent of Olam Agri Holdings, the agri-business said in a circular filed to SGX Sunday for the upcoming extraordinary general meeting (EGM).

Stake changes: Kim Heng, Hildrics Capital and Credence Capital Fund

  • Credence Capital Fund II (Cayman) disposed of all of its around 125 million shares of Kim Heng, or around 17.71 percent of the company, for S$13.12 million in an off-market transaction, according to a filing to SGX Saturday.

Yangzijiang Shipbuilding upgraded by JPMorgan

Cuscaden Peak likely ‘happy’ with SPH REIT listing: Daiwa

  • Cuscaden Peak is likely “happy” to keep SPH REIT as a listed entity while collecting REIT-management fees, Daiwa said in a note Thursday.

Malaysia’s Fraser & Neave offers to acquire rest of Cocoaland

  • Malaysia-listed Fraser & Neave Holdings Bhd. (F&NHB) has offered to acquire the 72.34 percent of Cocoaland it doesn’t already own for MYR488.15 million, or MYR1.50 a share, the food and beverage company said in a filing to Bursa Malaysia Friday.
    Singapore-listed Fraser and Neave holds 55.475 percent of F&NHB, according to the Malaysian company’s 2021 annual report.

Malaysia Smelting to acquire adjacent mining land

  • Malaysia Smelting Corp. (MSC)‘s wholly owned subsidiary Rahman Hydraulic Tin (RHT) has entered a deal to acquire all of Asas Baiduri Sdn. Bhd. (ABSB) from Tin International Sdn. Bhd., according to a filing to SGX Friday.

Singapore Wholesale Digital Bank Opens Shop

  • One of Singapore’s four planned digital banks has opened its doors for business.

SPONSORED: 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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