Yahoo Finance 
Stocks In Focus SG (DBS, Solibuild REIT, St James Hldgs) – 17/03/14
• DBS Group Holdings agreed to purchase Societe Generale’s Asian private banking business in Singapore and Hong Kong, as well as selected parts of its trust business, for US$220 million ($279 million). The move will increase DBS’ high net worth assets under management by more than 20 percent.
• Soilbuild Business Space REIT has agreed to acquire an existing four-storey industrial building and a proposed single storey workshop to be constructed in Woodlands for $18.3 million. The property, purchased from Tellus Marine Engineering, will be leased by to Tellus for a period of 10 years with annual rental step-ups.
• Allied Technologies and Suntar Eco-City have been placed on the Singapore Exchange Watch-List on 17th March 2014. Both firms have recorded pre-tax losses for the three most-recent consecutive financial years.
• Interra Resources has proposed the disposal of a 90-percent stake in its subsidiary, Goldwater LS, to PT Mitra Investindo (MITI) for US$13.5 million. MITI intends to raise funds for the purchase by issuing rights shares to its existing shareholders. Interra has agreed to subscribe for any unsubscribed right shares. Based on the level of acceptance, Interra may end up as a majority shareholder of MITI.
• Popular Holdings’ turnover for the three months ended 31 January 2014 rose 2.2 percent to $156.2 million, driven by growth in its publication and e-learning division as well as the sale of one Ei8ht Raja unit under Popular’s property segment. However, an increase in overall expenses, largely associated with Popular’s BookFest@Singapore held in December 2013, dragged net profit down 30.6 percent to $8.1 million. For 9M14, revenue climbed 8.4 percent to $426.3 million while bottom line came in 33 percent lower at $13.4 million.
• Soilbuild Construction Group secured a contract from a consortium, led by Tong Eng Brothers, to construct a residential flat development comprising of 73 units along Balmoral Road. The contract, worth $39.5 million, will expand Soilbuild Construction’s order book to $410.4 million to date, expected to be substantially completed in the next 24 months.
• St James Holdings proposed to acquire shareholdings in various entities in Perennial Real Estate Holdings. The proposed purchase will transform the company into an integrated real estate platform focused primarily in China and Singapore. The deal, worth $1.6 billion, will be satisfied via the issuance of new shares in the company, representing approximately 99.3 percent of St James’ total number of shares. St James’ existing entertainment business will be dispose to a separate firm.
• Unionmet (Singapore) has proposed the disposal of its subsidiary, Unionmet Holdings, to Divine Season for $5.5 million in cash. Unionmet Holdings’ subsidiary is engaged in the manufacturing and trading of non-ferrous metals comprising indium ingots, and their related by-products.
• Vard Holdings won contracts for the design and construction of two platform supply vessels from Mermaid Marine Australia. The vessels will be delivered in 4Q15 and 1Q16.
• Xpress Holdings posted a 31.6 percent reduction in revenue to $4.8 million for the quarter ended 31 January 2014 as customers were changing their requirements by moving from bulk printing to small volume printing. Consequently, net profit for the period fell 59.5 percent to $0.4 million. For the six-month duration, Xpress’ turnover and bottom line narrowed 24.8 percent and 45 percent to $9.5 million and $1 million respectively.
More From Shares Investment:
