THE following companies saw new developments that may affect trading of their securities on Friday (Sep 9):
Frasers Property (TQ5): Frasers Property is proposing to offer up to $375 million of five-year fixed rate green notes under its $5 billion multicurrency debt issuance programme. The offer comes with an upsize option of up to $650 million.
The notes, which are intended to be listed on the Mainboard of the SGX-ST, will be issued by the group’s wholly-owned subsidiary, Frasers Property Treasury and guaranteed by Frasers Property.
The proposed offer includes a placement to institutional investors and relevant persons, as well as a public offer tranche that will be open to retail investors in Singapore.
Del Monte (D03): Canned food brand Del Monte Pacific on Thursday (Sep 8) posted a net loss of US$30.5 million for the first quarter ended Jul 31, compared to a net profit of US$18.3 million a year ago, after a one-off US$71.9 million expense for the redemption of notes.
The company said US$26.3 million of the redemption cost was non-cash. Excluding the one-off cost, Del Monte would have generated a 7.2 per cent increase in net profit to US$19.6 million, after US subsidiary Del Monte Foods Inc’s (DMFI) 67 per cent rise in net profit on lower interest expense.
The company posted a loss per share of 1.65 US cents, compared with an earnings per share of 0.69 US cent a year ago.
Oxley (5UX), Aspen (1F3): Oxley Holdings is proposing to distribute a dividend in specie of shares in Aspen (Group) Holdings held by Oxley, with shareholders receiving 23 Aspen shares for every 1,000 shares they hold.
Aspen, listed on the Singapore Exchange’s mainboard, is based in Malaysia and engages in property development, glove manufacturing and the restaurant business. Its market capitalisation was S$53.1 million as at Sep 2.
Oxley currently holds 101.3 million Aspen shares, representing about 9.4 per cent of the total number of issued shares.
Lian Beng (L03): Lian Beng on Thursday (Sep 8) said its wholly owned subsidiary Lian Beng (Joo Chiat) has granted an option to sell a commercial property at 381 Joo Chiat Road to an unrelated third party.
The option is exercisable by the purchaser within 14 days from the date of the option. The aggregate sale consideration is S$42 million.
Lian Beng said the disposal is expected to have a postitive impact on the net earnings per share and net tangible assets per share of the group for the current financial year ending May 31, 2023.
The counter closed flat at S$0.53 on Thursday.
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