Wednesday, June 15, 2016

Singtel, CapitaLand, Hyflux, GS Holdings, Xpress, Soilbuild REIT

Here are some stocks that could move the market this Wednesday morning.

Singapore Telecommunications (Singtel) and associate company Bharti Airtel (Airtel) have joined forces to deliver high-speed, secure data network coverage to Asia-Pacific, the Middle East, Africa, Europe and the US. By combining the two networks, the two telcos can provide integrated, fully managed and secured networking service to help MNCs simplify their communications needs. Singtel shares closed at $3.80.

CapitaLand is setting up a venture fund, C31 Ventures, to tap global tech startups as part of its ongoing effort to innovate and build real estate of the future. The Singapore-listed real estate group said it is prepared to eventually invest up to $100 million. C31 Ventures will focus on areas of innovation including energy, operations and maintenance; building and construction and design and building materials.

Qurayyat Desalination SAOC, a subsidiary of Hyflux, has achieved financial close for the project financing of Qurayyat Independent Water Project. Hyflux says the US$185 million ($251 million) facility is an “innovative fixed-to-floating rate term loan”. The facility is provided by Mizuho, Standard Chartered, Dubai International Financial Centre Branch and Singapore-based Clifford Capital. Hyflux closed at 60 cents.

GS Holdings has entered into a placement agreement to raise $2.28 million by selling 8 million new shares of the company at 28.5 cents to private investor Lee Sai Sing. This to raise funds for the expansion of the group’s dishware washing operations in the hospitality industry, following its contract win from Suntec Singapore Convention & Exhibition Centre.
The counter closed at 32 cents.

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