SG stocks Wednesday: GIC, Nordic, IREIT Global, Cordlife

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Singapore companies in focus on Wednesday, 22 June 2022:

  • GIC and Dutch pension investor APG to acquire ‘substantial stake’ in The Student Hotel
  • Nordic Group to sell 12M treasury shares in private placement
  • IREIT lands major data center lease at Sant Cugat Green property
  • Cordlife, AMILI tie up for gut microbiome banking service

GIC and Dutch pension investor APG to acquire ‘substantial stake’ in The Student Hotel

  • Singapore sovereign wealth fund GIC and Dutch pension investment company APG have entered an agreement to acquire a “substantial stake” in The Student Hotel from Aermont Capital, according to a press release on GIC’s website Tuesday.

IREIT lands major data center lease at Sant Cugat Green property

  • IREIT Global has landed a 12-year major new lease at the Sant Cugat Green property for around 5,300 square meters of vacant data center space, the REIT said in a filing to SGX Tuesday.

Nordic Group to sell 12M treasury shares in private placement

  • Nordic Group has proposed selling 12 million treasury shares, or an around 3.1 percent stake, to two buyers at S$0.42 each, raising a total of S$5.04 million, the company said in a filing to SGX Tuesday.

Cordlife, AMILI tie up for gut microbiome banking service

  • Cordlife Group has entered a strategic partnership with AMILI to provide the first gut microbiome banking service in Singapore and Southeast Asia, the companies said in a press release Tuesday.

Executive moves

Singapore company briefs