Singapore companies in focus on Wednesday, 8 June 2022:
- Mapletree Commercial Trust and MNACT merger deal gets Singapore court OK
- MAS warns financial institutions to prep for risks
- CapitaLand Investment acquires Melbourne office tower
- Raffles Education proposes rights issue and placement of convertible bonds
Others: Yangzijiang Financial Holdings (YZJFH) and CapitaLand Malaysia Trust.
Mapletree Commercial Trust and MNACT merger deal gets Singapore court OK
Mapletree Commercial Trust and Mapletree North Asia Commercial Trust (MNACT) have received approval from the Singapore court for their deal to merge, the two REITs said in filings to SGX Tuesday.
CapitaLand Investment acquires Melbourne office tower
- CapitaLand Investment has acquired a 22-storey office tower in Melbourne, Australia’s central business district (CBD) for its regional core-plus fund CapitaLand Open End Real Estate Fund (COREF), the real estate investment manager (REIM) said in a filing to SGX Tuesday.
MAS warns financial institutions to prep for risks
- Singapore’s central bank has issued tighter guidelines for financial institutions faced with business disruptions.
Yangzijiang Financial started at Add by CGS-CIMB
- CGS-CIMB has started coverage of Yangzijiang Financial Holdings (YZJFH) at Add, citing its “generous” dividend payout ratio of 40 percent.
Raffles Education proposes rights issue and placement of convertible bonds
- Raffles Education Corp. has proposed Tuesday a rights issue of convertible bonds of up to S$26.19 million and a placement to UOB Kay Hian of S$17.9 million.
CapitaLand Malaysia Trust to acquire logistics property for MYR80M
- CapitaLand Malaysia Trust has entered a deal to acquire an industrial property in Sungai Jawi, in Penang, Malaysia, in the REIT’s first foray into the logistics sector, the trust said in a release filed to SGX Tuesday.
CapitaLand Investment holds 39 percent of CapitaLand Malaysia Trust, as of end-March, according to CLI’s website.
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