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Wed, September 09, 2020 – 8:56 am
THE following companies saw new developments that may affect their securities trading on Wednesday:
UOB: The bank said Wednesday it plans to issue $ 600 million in 1.75 percent subordinated notes due 2031 and redeemable in 2026. The notes are intended to qualify as UOB Tier 2 regulatory capital. The counter fell 0.08 Singapore dollars or 0.4% to end Tuesday at 19.45 Singapore dollars.
Keppel Corp: The conglomerate said late Tuesday that it will issue eight billion yen (S $ 103.5 million) in five-year notes, at a coupon of 0.88 percent a year. Keppel shares closed unchanged at S $ 4.34 ahead of the announcement.
Sembcorp Industries (SCI): Its shares will begin trading excluding its rights on Wednesday. As Sembcorp Marine (SMM) shares had closed at Singapore $ 0.193 on Tuesday, SCI shares were reasonably expected to have fallen from their close at Singapore $ 1.91 on the same day. That said, SCI also looks more attractive now without SMM weighing it down, especially when evaluated against some of its peers.
CapitaLand Mall Trust (CMT): The real estate investment trust has obtained a S $ 200 million sustainability linked loan from UOB, converted from a revolving line of credit. Units of CMT ended Tuesday at S $ 1.97, down S $ 0.01 or 0.5 percent, ahead of the announcement.
UG Healthcare: The glove maker started work on a new manufacturing plant in Malaysia that will increase its production capacity by 1.2 billion gloves a year, it said after the market closed on Tuesday. Shares in UG Healthcare, which is listed on Catalist, rose S $ 0.10 or 4.1% to close the day at S $ 2.55.
Sunningdale Technology: Fund manager Quarz Capital Asia is now considered a substantial shareholder in Sunningdale, which is listed on the main board, with the purchase of 4,600 shares through a market transaction that raised its stake to 5.001%. Shares of Sunningdale lost 0.01 Singapore dollars or 0.8 percent to close at 1.23 Singapore dollars on Tuesday, ahead of the exchange’s presentation.
Wing Tai Properties: The main-board-listed property and lifestyle company proposed on Tuesday night to buy back up to S $ 85 million in various series of notes, at prices ranging from 102.55 to 106 percent of amounts. main. The shares closed at S $ 1.79, an increase of S $ 0.04 or 2.3%.
SK Jewelry Group: The bidder of the Catalist-listed jeweler’s shares has received irrevocable commitments to accept its voluntary conditional cash offer from shareholders representing more than 90 percent of the company’s shares. SK Jewelery gained 0.1 Singapore cent or 0.7 percent to close at 14.9 cents, ahead of the announcement.
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