Temasek-backed vaccine maker Jiangsu Recbio files for HK IPO
Temasek holds 2.68 percent of vaccine developer Jiangsu Recbio Technology, or 12 million pre-listing shares, according to the IPO prospectus.
Stocks
LMIR Trust: Difficult to estimate full financial impact of Indonesia mall closures
Lippo Malls Indonesia Retail Trust said Wednesday it was difficult to ascertain the full impact of the closure of its malls in Indonesia.
Singapore stock briefs Wednesday: CapitaLand, IREIT Global, Prime US REIT, ARA LOGOS Trust
These are stock news briefs for Wednesday, 21 July 2020: CapitaLand, Prime US REIT, IREIT Global and ARA LOGOS Trust.
GIC, BlackRock, Lexington join Kohlberg & Co’s US$1.1B continuation vehicle
Kohlberg & Co. closed a US$1.1B Continuation Vehicle deal, co-led by BlackRock, GIC and Lexington Partners, to take over the remaining assets of Kohlberg Investors VII, a 2012 fund.
Temasek’s Vertex Ventures co-leads Neuspera Medical’s US$65M series C round
Temasek subsidiary Vertex Ventures HC co-led, with Treo Ventures, medical device player Neuspera Medical’s US$65M series C funding round.
WebMD, part of Temasek-backed Internet Brands, acquires Wellness Network
WebMD, part of Temasek-backed Internet Brands, has acquired The Wellness Network, which provides point-of-care, video education for patients.
Mapletree Logistics posts fiscal 1Q net property income climbed 21 percent
Mapletree Logistics posted 1Q net property income of S$144.15M, up 21.3% on-year on higher revenue from existing properties and from acquisitions.
First REIT to divest Sarang Hospital, exiting South Korea
First REIT will divest its Sarang Hospital property, located in Yeosu City, South Korea, to unrelated parties Kiju and Jemin for US$4.52M.
Singapore share buybacks Monday: The Hour Glass
These are Singapore companies which announced share buybacks on Monday, 19 July 2021: The Hour Glass.
CapitaLand sets EGM for vote on restructuring proposal
CapitaLand set its EGM to vote on its proposed restructuring to list its investment management platforms and lodging business, while placing its development business under private ownership.
Singapore share buybacks Friday: The Hour Glass
These are Singapore companies which announced share buybacks on Friday, 16 July 2021: The Hour Glass.
Frasers Logistics Trust raises S$150M in first sustainability notes in SGD bond market
Frasers Logistics & Commercial Trust has priced S$150 million in seven-year sustainability notes at 2.18 percent.
Singapore share buybacks Thursday: Telechoice, Hour Glass
These are Singapore companies which announced share buybacks on Thursday, 15 July 2021: Telechoice International and The Hour Glass.
PropNex points to solid Singapore property outlook to explain stock’s surge
PropNex pointed to a solid outlook for Singapore’s property market as a possible explanation for the 16% surge in its shares this week.
Singapore Myanmar Investco enters MOU with The9 for cryptocurrency mining business
SMI entered a non-binding MOU with The9 to launch a cryptocurrency mining business, the Singapore-listed company said Thursday.
Malaysia’s EPF Board increases UOA Development stake
The EPF Board of Malaysia acquired an additional 64,900 shares in UOA Development, bringing its total holding to a 10.18 percent stake.
IREIT Global preferential offering meets strong demand
IREIT Global’s preferential offering of new units was 151 percent subscribed amid strong demand for the 201.14 million new units available.
SPH REIT target price raised by Daiwa on Paragon mall recovery prospects
Daiwa raised its target price for SPH REIT to S$1.01 from S$0.92 on a stronger recovery outlook for the Paragon mall from fiscal 2023.
Duty Free International fiscal 1Q loss narrows even as revenue falls further
Duty Free International reported Wednesday its fiscal 1Q loss narrowed to 219,000 ringgit amid lower rental and employee benefits costs.
LMIR Trust downgraded to B-plus by Fitch, with negative outlook
Fitch downgraded its Lippo Malls Indonesia Retail Trust rating, with a negative outlook, as Indonesia’s pandemic-related lockdowns spread.