Corporate digest

IReit Global

IREIT Global on Wednesday said it is issuing a non-underwritten placement of 11.4 million units at 61.55 Singapore cents per unit to Bond Capital Partners, to raise around S$7 million.

The placement is part of its equity fundraising exercise to raise gross proceeds of S$126.7 million, IReit's manager said in a stock exchange filing. The Europe-focused real estate investment trust (Reit) will also be launching an underwritten pro rata and non-renounceable preferential offering for eligible existing unitholders, to raise S$119.7 million under the equity fundraising exercise.

Credit Bureau Asia

CREDIT Bureau (Singapore) (CBS), a subsidiary of mainboard-listed Credit Bureau Asia (CBA), has been designated as the new operator of the Moneylenders Credit Bureau (MLCB), CBA said on Wednesday. The designation was awarded to CBS by the Ministry of Law (MinLaw) after a "competitive tender process" and will commence on July 1. Existing services for licensed moneylenders and borrowers will not be affected, CBA noted.

Yangzijiang Shipbuilding

YANGZIJIANG Shipbuilding recently won US$871 million worth of new orders for 11 vessels, taking its total order wins for the year to date to 100 vessels. This marks a new record of US$5.59 billion for order wins based on total contract value, and the total outstanding orderbook of US$7.72 billion is another record high for the shipbuilding group.

The latest orders involve agreements to build and deliver six 15,000TEU (twenty-foot equivalent unit) containerships, three 3,300TEU containerships and two 82,300DWT (deadweight tonnage) bulk carriers. The vessels are due to be delivered to the customers from H1 2023 to H1 2024.

Swiber Holdings

DEBT-LADEN offshore and marine group Swiber Holdings and potential investor Rawabi Holding Company have agreed to extend the long stop date for a proposed US$200 million investment to Sept 30, 2021, as the company and Rawabi require more time to fulfil certain conditions precedent to the investment agreement, Swiber said.

Parkway Life Reit

PARKWAY Life Reit has entered into an agreement to acquire two nursing homes in Japan for 4.1 billion yen (S$49.4 million) via its subsidiary Parkway Life Japan4, Parkway Trust Management said on Wednesday. The subsidiary entered into the agreement with a company established under Japanese laws, known as a Godo Kaisha (GK) and similar to a limited liability company in Singapore. Parkway Life Japan4 will inject funds into the GK prior to the closing date, and the GK will then proceed to acquire the properties.

The acquisitions are expected to be completed by Q3 2021.