Stocks In Focus SG (Blackgold Natural, Roxy-Pacific, S’pore Windsor) – 24/03/15

Blackgold Natural Resources has proposed the disposal of its 100 percent interest in NH Enterprise (2008), Nam Hong Properties, Nam Huat Tiling & Panelling Co and Nam Tat handing, to Ace Stone (Xiamen) Co for an aggregate purchase consideration of $5000. The disposal in is line with the capital reduction exercise that the firm in undertaking.

Roxy-Pacific Holdings has entered into a 40:60 joint venture (JV) with Australia-based superannuation fund, Hostplus, for the acquisition of a 4.4-hectare land parcel in North Fremantle, Perth, Australia for A$59 million ($63 million). The deal is part of the group’s diversification strategy and the JV partners intend to rezone the industrial site for residential and commercial uses.

Singapore Windsor Holdings has entered into a sale and purchase agreement for the disposal of its entire stake in its wholly-owned subsidiaries, Windsor Holding Investment and Windsor Metal Manufacture Co, for HKD55 million ($9.8 million). The disposal comes on the back drop of a competitive environment in the circuit board business, which the two units operate in, with margins under pressure from rising labour costs in China.

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