SG Morning Call｜Sembcorp Launches First Utility-Scale Integrated Solar and Energy Storage Project in Indonesia
Market Snapshot
Singapore stocks opened lower on Tuesday. STI down 0.3%, Genting Singapore up 1%, Nio up 0.5%; UOB fell 1%, DBS fell 0.4%.
Stocks to Watch
$SEMBCORP INDUSTRIES LTD(U96.SI)$: Its wholly owned subsidiary and PT PLN Nusantara Renewables on Monday launched a utility-scale integrated solar and energy storage project in Indonesia’s new capital. The project marks Sembcorp’s first venture into large-scale solar development in Indonesia. Shares of Sembcorp ended 0.5 per cent or S$0.03 higher at S$5.66, before the news.
$Hong Lai Huat(CTO.SI)$: It announced, on Jan 20, that it intends to issue and allot Ong Jia Jing, Dylan, 40.5 million new ordinary shares in the capital of the company. The shares will represent 7.82% of the company’s existing share capital and 7.25% of the enlarged share capital.
SG Local News
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Located at 110 Seletar Aerospace View, the three-storey property sits on a 189,338-square-foot (sq ft) plot of land and has direct runway access. It also houses a hangar, simulator halls, ancillary office and 75 car park lots.
The plot has a tenure of 30 years that began on Dec 1, 2009, with a further term of 10 years granted. The purchaser has the option to renew the lease for 20 years when the lease expires on Nov 30, 2049.
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