THE following companies saw new developments that may affect trading of their securities on Monday (Dec 11):
CapitaLand Investment: CAPITALAND Investment expects to report a “significant” decrease in net profit for FY2023 compared to last year.
The real estate investment manager provided the profit guidance in a regulatory filing on Friday (Dec 8) and expects fair value losses on its portfolio of investment properties, primarily those in China, Australia, Europe, the United Kingdom and the United States.
CapitaLand Investment had, in its third-quarter business update published in November, pointed out a dampening macro-economic sentiment together with persistently higher interest rates and geopolitical tensions.
Keppel Corp: KEPPEL Corporation’s infrastructure division and AM Green, which is wholly owned by the founders of Hyderabad-based Greenko, are teaming up to explore opportunities in producing biogenic carbon-based sustainable fuels in South-east Asia and the Middle East.
The partners estimate that these two regions can harness and aggregate at least a million tonnes of biogenic carbon dioxide per year.
The carbon dioxide can be used to produce sustainable fuels such as bio and green menthol, second-generation ethanol, and sustainable aviation fuel at AM Green’s plants.
Genting Singapore: GENTING Singapore’s Resorts World Sentosa has been slapped with financial penalties of S$2.25 million for lapses in performing customer due diligence measures for certain transactions for three years from December 2016.
The Gambling Regulatory Authority directed casino operators Resorts World Sentosa and Marina Bay Sands to conduct a review of certain patrons’ activities in 2020.
The operator owned by Genting Singapore then discovered non-compliances for some transactions and reported them to the authority, said the Gambling Regulatory Authority in a media statement on Friday (Dec 8).
Keppel DC Reit: KEPPEL DC Real Estate Investment Trust (Reit)’s manager said that the data centre-focused Reit has issued S$90 million of floating rate notes due 2026.
The notes come with an interest rate based on the compounded daily Singapore Overnight Rate Average plus an agreed spread.
In a filing to the Singapore Exchange on Friday (Dec 8), Keppel DC Reit Management announced that Keppel DC Reit MTN on Friday issued the floating rate notes at a price of 100 per cent of the principal amount and in denominations of S$250,000. Interest on the debt will be payable quarterly.
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