Company News

Viva Industrial Trust’s FY14 results were in line with IPO forecasts, with net property income at S$11.0m and DPS of 6.83 S-cents.

Ascendas India Trust saw a dip of 1% YoY in net property income to INR905 but a 6% YoY increase in DPU of 1.16 S-cents for 3QFY15.

CapitaLand’s Ascott has secured contracts to manage three more properties in Beijing and Hong Kong, thus reinforcing its growth in China.

Dragon Group entered into a placement agreement with Asian Green Technology, whom will subscribe for 27.8m shares at S$0.09/share. S$2.5m of gross proceeds will be raised.

Sincap Group announced that UOB Kay Hian will undertake a placement of 351m new ordinary shares at S$0.10/share, raising S$35.1m in proceeds to fund Sincap's acquisition of LTN Land.

Parkway Life REIT's DPU for 4QFY14 rose 2.9% YoY to 2.9 S-cents, driven by acquisitions and rental growth of existing properties. FY14 DPU rose 7.1% YoY to 11.52 S-cents.

CitySpring Infrastructure Trust posted a DPU of 0.82 S-cents for 3QFY15, while revenue fell 7.3% YoY to S$120m. The trust also had cash losses of S$13.5m, hurt by the Hydro Tasmania dispute settlement amount.

Dukang Distillers Holdings expects overall earnings to be significantly lower for its 2QFY15 results as compared to 2QFY14.

ZICO holdings entered into a binding term sheet with June Song to acquire the entire stake of share registrar business B.A.C.S. Private Limited for S$8.6m.

Tritech Group announced that a reputable international financial institution expressed interest in potentially committing up to USD 3b over the next five years for their water and environment projects.