Here’s a selection of Singapore-listed companies that released noteworthy announcements this week or towards the end of last week.
ComfortDelGro Corporation Ltd (SGX: C52)
ComfortDelGro is planning to list its wholly-owned subsidiary ComfortDelGro Corporation Australia (CDC) on the Australian Securities Exchange.
The transport operator said the initial public offering, which is planned for the fourth quarter of 2021, will unlock the value of its land transport business assets in Australia.
CDC has operations in Australia’s fastest-growing public transport markets of Sydney, Melbourne, Brisbane, and Darwin.
ComfortDelGro’s Australian business contributed 19% of 2020’s total revenue of S$3.23 billion at the group level.
Mapletree Logistics Trust (SGX: M44U)
Mapletree Logistics Trust is looking to purchase a fully leased, freehold cold-storage facility in Melbourne, Victoria, Australia, for A$42.8 million (S$42.8 million).
The property is 100% leased to Austco Polar, a national and international red meat exporter, for the next 13 years with annual rental escalations.
This will provide the logistics real estate investment trust (REIT) with a stable and growing income stream....
