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Tue, September 01, 2020 – 9:08 AM
THE following companies saw new developments that may affect their securities trading on Tuesday:
Keppel Corp: Keppel Corp said on Monday that its real estate arm, Keppel Land, has entered into a joint venture with leading Indian developer Emerald Haven Realty, a TVS Group company, to jointly develop a wholly owned condominium project on a prime site of 2 , 4 hectares in South Chennai, India. On Monday, Keppel’s partner company Floatel said a forbearance agreement had again been extended between it and an ad-hoc committee of holders of its $ 400 million senior secured and first-lien bonds, while an agreement payment with your bank lenders. elapsed. Keppel shares closed at S $ 4.58 on Monday, down S $ 0.05 or 1.1%.
Yangzijiang Shipbuilding: The company has entered into an agreement with Hong Kong container shipping company SITC International Holdings for the construction and delivery of a dozen container ships equivalent to 1,800 twenty-foot units, it said on Monday. The counter closed at 91.5 Singapore cents on Monday, an increase of 0.5 cents or 0.6 percent before the announcement.
First repeat: The First Reit manager said Monday that he expects to receive a rental restructuring proposal from his tenant and former parent company Lippo Kawaraci (LPKR). On June 1, LPKR had issued a statement regarding its intention to initiate rental restructuring talks with First Reit. Units of First Reit closed Monday at 49.5 Singapore cents, down four cents or 7.5 percent, ahead of the announcement.
OUE Lippo Healthcare: The Catalist-listed company said on Monday that funds owned by Crest Capital Asia have agreed to pay it a sum of S $ 12.6 million in connection with a favorable ruling issued by the Singapore High Court in July regarding a lawsuit. The counter closed at 3.5 Singapore cents on Monday, a 0.1 cent or 2.8 percent drop before the announcement.
Halcyon Agri: Shares of the main board-listed natural rubber supplier recovered some of their losses Monday after it proposed to issue guaranteed perpetual securities in lieu of a rights issue. The counter ended Monday at 23.5 Singapore cents, an increase of 1.5 cents or 6.8 percent.
BRC Asia: The steel reinforcement provider plans to sell a property located at 32G Nassim Road for S $ 38.38 million, it said Monday. BRC Asia shares closed unchanged at Singapore $ 1.13 on Monday.
UG Healthcare: The Malaysian glove maker, which is listed on Catalist, is proposing a share split of each of the existing shares into three shares, on a record date to be determined by the board later. Shares of UG Healthcare rose S $ 0.05 or 2.24 percent to S $ 2.28 on the Monday before the announcement.
Had country: The Catalist-listed firm proposes to issue new shares to its lessor as payment for an upcoming rent of S $ 3.5 million, in an attempt to preserve cash during the pandemic. Hatten Land shares closed 0.7 Singapore cents or 11.5 percent lower at 5.4 cents on Monday.
Raffles Education Corp: The company said Tuesday that it had again received a requisition notice from shareholders, this time including Indian businessman Shantanu Prakash, along with tycoon Oei Hong Leong, who unsuccessfully called extraordinary general meetings on several occasions. Shares of Raffles Education advanced 0.1 Singapore penny or 0.9 percent to end Monday at 11 cents.
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