Stocks In Focus SG (Global Logistic Properties, Mapletree Logistics Trust, Raffles Education Corp) – 09/10/14

Global Logistic Properties (GLP) signed a partnership agreement with China Development Bank (CDB) Capital, a subsidiary of China Development Bank. Under the strategic partnership, GLP will become CDB Capital’s major partner for logistics infrastructure development. The agreement is expected to enhance GLP’s access to land and financing resources in China.

Mapletree Logistics Trust acquired two properties in China, namely Mapletree Yangshan Bonded Logistics Park (MYBLP) and Mapletree Zhengzhou Logistics Park (MZLP) for Rmb197.2 million (approximately $41.1 million) and Rmb205.6 million respectively. MYBLP comes with a 50-year land tenure which began in August 2006 and has a gross floor area (GFA) of 46,000 square metres (sqm), while MZLP has a GFA of 79,315 sqm and 50-year land tenure with effect from May 2012. Both properties are purchased below valuations and will be financed through the use of debt.

Raffles Education Corporation intends to spin-off its subsidiary, Oriental University City Holdings (H.K.) (HKCO), on the Growth Enterprise Market of the Hong Kong Stock Exchange. The spin-off is expected to benefit the company mainly by increasing its overall financial capacity of the group by unlocking value which was previously reserved for HKCO and Langfang Development Zone Oriental University City Education Consultancy Co, as well as its working capital.

Ryobi Kiso Holdings clinched new contracts worth $130.4 million involving the provision of foundation and geo-service works. Including the newest wins, the company’s order book stands at $179.2 million. The above new contracts are expected to be delivered during June 2015 and June 2016.

More From Shares Investment:

• Stocks In Focus MY (Caring, OSK Hldgs, Zhulian Corp) – 16/10/14

• US Data Add On To Global Woes

• USA Daily Bulletin – 15/10/14