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Phillip Capital Morning Note

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Publish date: Mon, 10 Sep 2018, 09:35 AM
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Star Attraction Limited (the Offeror) has extended the closing date of of its voluntary unconditional general offer for all the issued and paid-up ordinary shares in the share capital of Wheelock Properties (Singapore) Limited from 5:30 p.m. on 7 September 2018 to 5:30 p.m. on 21 September 2018. As at 5:30 p.m. on 7 September 2018, the Offeror has received valid acceptances amounting to 1.37% of the total number of issued Shares of the Company. The Offeror's resultant shareholdings is 77.58%.

Hock Seng Food Pte Ltd, a wholly-owned subsidiary of Hosen Group Ltd, has entered into a contract for the demolition of the existing one-storey warehouse adjacent to the main office cum warehouse building at 267 Pandan Loop Singapore 128439 and construction of a new six-storey building for the purposes of future business expansion and as a warehouse at an estimated contract sum of S$7,200,000.

Wee Hur Holdings Ltd. has acquired a freehold office building located at 124 Waymouth Street, Adelaide SA 5000, Australia for a total consideration of A$9.275 million.

United Engineers Limited has been awarded a land parcel at Dairy Farm Road by Urban Redevelopment Authority for $368.8 million. The Group plans to develop the 99-year leasehold land site, which has a land area of about 19,648 sqm, into a prime development comprising about 450 residential units, childcare centre, supermarket, food court and F&B/retail shops.

Source: CNBC, Bloomberg, Reuters, Business Times, Phillip Securities Research

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