The following companies saw new developments that may affect trading of their securities on Monday (Nov 20):
Sats (S58): In-Flight caterer and ground handler Sats announced on Sunday (Nov 19) that it has established a US$3 billion multi-currency debt issuance programme.
The company said that the net proceeds from the programme will be used to refinance existing borrowings, finance potential acquisition and investment opportunities as well as working capital and capital expenditure requirements and other general corporate purposes.
Under the programme, DBS and OCBC will act as joint arrangers and dealers, with OCBC acting as the sole rating adviser for the credit rating exercise.
Singtel (Z74): Optus chief executive officer (CEO) Kelly Bayer Rosmarin has tendered her resignation, parent company Singtel said on Monday (Nov 20), weeks after a network-wide outage left over 10 million customers without phone or Internet services for 12 hours.
The move came after she fronted a Senate inquiry on Friday morning, where she expanded on the cause of the network outage and how Australia’s second-largest telco recovered and responded, along with the telco’s commitment to restore consumer trust.
“Having now had time for some personal reflection, I have come to the decision that my resignation is in the best interest of Optus moving forward,” she said.
Keppel (BN4): Keppel Corporation, through its Infrastructure Division (Keppel), has launched a multi-pronged project for the National University of Singapore (NUS), aimed at advancing its Campus Sustainability Roadmap 2030 and the Singapore Green Plan 2030.
Under the Master Research Collaboration Agreement (MRCA) signed by Keppel and NUS in April 2022, the University’s Kent Ridge campus will serve as a low-carbon living laboratory to create, test-bed and scale commercially viable climate technologies and sustainability-related innovation.
In addition, Keppel will also implement a district-wide innovative cooling network at the NUS University Hall and its adjacent developments, comprising the use of proprietary phase change materia-based thermal energy storage, interconnected cooling systems and innovative outdoor cooling technologies.
Mapletree Industrial Trust (ME8U): A Mapletree Industrial Trust (MIT) tenant, which is in a Chapter 11 bankruptcy process in the US, has agreed to sell its assets, including all eight of its data centre leases held by MIT.
The tenant had entered into an asset purchase agreement with Brookfield Infrastructure Partners to acquire substantially all of the tenant’s and its affiliates’ assets, MIT’s manager said on Friday (Nov 17).
Six of the eight data centre leases will be assumed with no change to the terms, conditions, or rental rates under the existing lease agreements.
Sabana Reit (M1GU): Sabana Industrial Real Estate Investment Trust’s (Reit) trustee has filed an originating claim against one of its tenants to seek possession of its premises and for payment of outstanding fees.
The claim was filed against Kleio One-Solution, which is the master lessee of the premises located at 33 and 35 Penjuru Lane on Friday (Nov 17), said Sabana Reit’s manager.
As at Jun 30, the tenant accounted for about 2.9 per cent of the Reit’s monthly average gross rental income.
DFI (D01): DFI Retail Group (DFI) has sold Jelita Shopping Centre for S$91.68 million to a low-profile property investor, Peter Koh Pang An, and his wife. The couple are Singapore citizens.
A rags-to-riches entrepreneur who used to be active in the Singapore precision engineering scene, Koh owns Platinum 28, a freehold industrial building at 28 Genting Lane, which he acquired from Ho Bee in 2011. He also owns suburban malls in Australia and New Zealand.
The transacted price for the 999-year leasehold Jelita Shopping Centre, at the corner of Holland Road and Jalan Jelita, is higher than the S$85 million guide price JLL went to the market with in June.
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