Embattled water firm Hyflux and three of its subsidiaries on Thursday applied to the court for a further two-month extension of their debt moratorium, until November. The applications for this extension will be heard at a court hearing on Sept 30, when its previous extension will expire, Hyflux said in a bourse filing late on Thursday night.

Tee International announced on Thursday that it has received a 60-day extension from the Singapore Exchange (SGX) to conduct its Annual General Meeting (AGM) by Nov 29 and release its Q1 results for the financial year 2020 by Dec 13. This comes as the company revealed on Sept 8 that it is looking into unauthorised transactions of S$6.55 million made by subsidiaries, allegedly under the instruction of chief executive Phua Chian Kin. On Sept 13, it appointed PricewaterhouseCoopers Risk Services as an external investigator.

INVESTORS still holding on to shares of the formerly SGX-listed Noble Group will need to register with the appointed trustee by Dec 20 to receive their shares in the unlisted entity, Noble Group Holdings (NGH). NGH was formed in the second half of 2018, after the embattled Noble Group underwent restructuring. Unlike the powerful commodities trader, NGH operates on a much smaller scale as an energy products and industrial raw materials supply chain manager.

Amid a lower-for-longer interest rate environment, Singapore real estate investment trusts (S-Reits) are fast ramping up their acquisitions worth billions of dollars, market watchers say. Just this week alone, three S-Reits have announced equity financing to partially fund their acquisitions - Keppel DC Reit raised S$478.2 million to fund its proposed acquisition of two data centres worth about S$587 million, Mapletree Industrial Trust (MIT) secured S$400 million to acquire a US$1.4 billion data centre portfolio together with Mapletree Investments, and Manulife US Reit on Thursday said it plans to raise US$142.1 million to finance its US$198.8 million acquisition of a Class A office building in Sacramento, California.

UOB (China) became the first foreign bank to open a branch in Guangdong's Zhongshan City on Thursday, as it continues its expansion plans in the Greater Bay Area (GBA) with a total of seven branches to date. The new UOB Zhongshan branch will tap the group's expertise to provide businesses in the GBA with a suite of domestic and cross-border financial services. These include cash management, foreign exchange hedging, term loans, project and supply chain financing, and foreign direct investment advisory services.

The eight Singapore-listed stocks under the enlarged CapitaLand group generated higher average returns than their regional and global peers in the year to date (YTD), while also significantly outpacing broader benchmarks, the Singapore Exchange (SGX) said on Thursday. They averaged a 3.3 per cent total return in the quarter to Sept 18, bringing their average total return to 28.2 per cent in 2019 YTD.

Manulife US Real Estate Investment Trust (Manulife US Reit) on Thursday said it intends to raise about US$142.1 million via a private placement and preferential offering to partially fund its US$198.8 million acquisition of a Class A office building in Sacramento, California.

Property developer OUE Limited has inked agreements to sell Oakwood Premier OUE Singapore, its luxury serviced residences and hotel business along Shenton Way, for S$289 million in total. The buyers are joint venture firms formed by Hong Kong financial services firm AMTD Group and hotel operator Dorsett Hospitality International. Dorsett is wholly-owned by Hong Kong-listed property giant Far East Consortium International (FEC).

Mail and logistics firm Singapore Post (SingPost) said on Thursday that its six-month sale process for its US e-commerce businesses Jagged Peak and TradeGlobal has closed with "no acceptable offers".

Mainboard-listed Samko Timber's unit PT Sempurna Graha Abadi (SGA) will buy a 51 per cent stake in PT Sumber Graha Maluku (SGM), and will pay up to US$20.7 million to SGM's parent company PT Barito Wanabinar Indonesia (BWI).

Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR