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ESR-REIT JV to buy logistics property for $225m

17 Jun 2019 - Singapore Business Review
The site will serve as Poh Tiong Choon Logistics’ corporate headquarters. The trustee of ESR REIT has entered into a joint venture (JV), through a limited liability partnership in Singapore known as PTC Logistics Hub LLP, with Poh Tiong Choon Logistics (PTC) to purchase a property at 48 Pandan Road for ...
sgx:j91u

SATS eyes over $1b in capex and investments from FY20-22

14 Jun 2019 - Singapore Business Review
This means that SATS may shell out $333m annually on average during the three-year period. SATS is targetting about $1b of proposed capex and investment over the next three years to increase its APAC aviation presence in catering and air cargo market, to become the leading central kitchen supplier in ...
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How can CapitaLand Retail China Trust fund its $589.2m mall acquisition?

14 Jun 2019 - Singapore Business Review
A private placement paired with preferential offering could boost its DPU, an analyst said. A private placement, amongst other equity fundraising exercises, could boost the distribution per unit (DPU) of CapitaLand Retail China Trust (CRCT), which is seeking to fund the $589.2m (RMB2.96b) acquisition ...
sgx:c31 sgx:au8u

Here's why ThaiBev's turnaround may already be in the works

14 Jun 2019 - Singapore Business Review
A rebound in beer consumption and retail sales bodes well for the second largest Thai beer player. Thailand’s domestic beer consumption rose jumped 21% YoY in April, signalling what could be a demand recovery for Thai Beverage which has faced a slump in 2018. Also read: Bottoms up: The worst is over ...
sgx:y92

Singtel unit unveils EUR500m fixed rate notes due 2029 at 1%

14 Jun 2019 - Singapore Business Review
Singtel Optus will utilise the funds for general corporate purposes. Singtel subsidiary Singtel Optus priced its EUR500m ($770.82m) 10 year fixed-rate notes at 1% per annum and for maturity on 20 June 2029, an announcement revealed. Under the Optus Finance EUR3b ($4.62b), the issued notes are guaranteed ...
sgx:z74

Frasers Centrepoint Trust's preferential offering oversubscribed

13 Jun 2019 - Singapore Business Review
The firm will realise gross proceeds of about $67.7m to fund its acquisitions. Frasers Centrepoint Trust’s (FCT) preferential offering was almost two times oversubscribed, a filing with the Singapore Exchange (SGX) revealed. Valid acceptances and excess applications were received for 196.9% or 56.74 ...
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Daily Markets Briefing: STI down 0.06%

13 Jun 2019 - Singapore Business Review
Singtel led the gains at 0.91%. The Straits Times Index ended 1.84 or 0.06% lower at 3,207.25. The top active stocks were DBS, which edged up 0.08%, Singtel, which rose 0.91%, UOB, which grew 0.33%, OCBC, which slipped 0.09%%, and YZJ Shipbuilding with a 0.69% advance. The FTSE MidCap grew 0.32% whilst ...
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$589.2m China mall buys to spur short-term pain for CapitaLand Retail China Trust

11 Jun 2019 - Singapore Business Review
Debt costs could pare its DPU by 8-12%. CapitaLand Retail China Trust’s (CRCT) acquisition of three malls in China from CapitaLand’s subsidiary and associated companies for $589.2m (RMB2.96b) is expected to provide some short-term pain for the firm’s earnings, according to a report by OCBC Investment ...
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SGX daily average value dipped 18% to $1.1b in May

11 Jun 2019 - Singapore Business Review
Total derivatives traded volume however surged 46% YoY to 24.2 million contracts. Securities daily average value (SDAV) in the Singapore Exchange (SGX) fell 18% YoY but picked up at a faster pace at 5% MoM to $1.1b in May, according to an announcement. Meanwhile, market turnover value for structured ...
sgx:s68

BreadTalk, Tat Seng fined for illegally discharging into public sewers

11 Jun 2019 - Singapore Business Review
They were part of the 38 companies fined a total of $253,700. Thirty eight companies were fined a total of $253,700 by the Public Utilities Board (PUB) for illegally discharging into public sewers, an announcement revealed. “The offences were discovered during site inspections and also through PUB’s ...
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