SGX:H22

Hong Leong Asia Unit to Establish Employee Equity Incentive Plan

Hong Leong Asia's (SGX:H22) subsidiary, Guangxi Yuchai Intelligent Manufacturing Technology, launched an employee equity incentive scheme, according to a Tuesday filing with the Singapore Exchange.Shares of the cement manufacturer were down over 2% in Wednesday's trading.Yuchai was established with a registered capital of 20 million yuan, of which 92% of the capital will be paid by Guangxi Yuchai Machinery.The remaining amount of the registered capital of around 1.6 million yuan will be contributed by the scheme participants.Guangxi Yuchai Machinery is 76.41% owned by the company's 48.70% New York-listed subsidiary, China Yuchai International.The scheme aims to incentivize employees for sustained performance.

Hong Leong Shares Down 6% as NYSE-listed Unit Unveils Ammonia-Powered Engine

New York-listed China Yuchai International unveiled an internal combustion engine powered entirely by ammonia and designed for heavy‑duty commercial vehicles, parent Hong Leong Asia (SGX:H22) said in a Thursday filing with the Singapore Exchange.Developed by operating subsidiary Guangxi Yuchai Machinery, the engine aims to provide a zero-carbon power solution for heavy-duty, long-haul commercial transport.Shares of Hong Leong fell almost 6% in midday trade on Friday.

CGS International Adjusts Hong Leong Asia's Price Target to SG$5.50 from SG$4.50, Keeps at Add

Hong Leong Asia Issues SG$145 Million Shares

Hong Leong Asia (SGX:H22) completed the placement of 50 million shares at SG$2.9 per share, worth a total of SG$145 million, according to a Thursday filing with the Singapore Exchange.Shares of the powertrain services company fell nearly 2% in recent trading.The new shares are expected to be listed and quoted on Friday, with trading slated to commence the same day, the filing added.

Singapore Shares Remain in Red as City-State Battles Global Energy Security Issues

Singapore shares remained in the red zone on Wednesday, with Singaporean investors assessing the true impact of the US-Iran war on the global energy security nexus.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,853.78 and 4,887.99 throughout the day. It ended the session at 4,860.97, down 26.72 points or 0.6% compared to Tuesday's close.On the corporate front, shares of Pacific Radiance (SGX:RXS) were up over 5% at the close as it secured projects worth about SG$11 million.Mapletree Industrial Trust (SGX:ME8U) closed over 4% lower as its distribution per unit or DPU fell 8% during the fiscal fourth quarter ended March 31 to SG$0.0309 from SG$0.0336 a year earlier.Meanwhile, shares of Hong Leong Asia (SGX:H22) were down nearly 4% at the close even though it signed a placement agreement with CGS International Securities Singapore to procure subscriptions for 50 million new shares at SG$2.9 per share to raise SG$145 million.

Hong Leong Asia to Raise SG$145 Million Via Share Placement; Shares Down 4%

Hong Leong Asia (SGX:H22) signed a placement agreement with CGS International Securities Singapore to procure subscriptions for 50 million new shares at SG$2.9 per share to raise SG$145 million, according to a Wednesday filing with the Singapore Exchange.The placement will provide the company with flexibility to capitalize on growth opportunities, with proceeds to be used for general working capital and corporate needs.Shares of the manufacturer and distributor of powertrain solutions were down nearly 4% in Wednesday trading.

Singapore Shares Incur Losses as US-Iran Talks in Danger; Hong Leong Asia Up 7%

Singapore shares closed lower on Wednesday, tracking mixed fortunes across the region, with the US and Iran talks in Islamabad in jeopardy with the latter yet to officially confirm its participation.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,988.45 and 5,014.10 throughout the day. It ended the session at 5,002.72, down 12.24 points or 0.2% compared to Tuesday's close.US President, Donald Trump, extended the ceasefire with Tehran upon Pakistan's request to grant Tehran more time to forward its proposal.On the corporate front, shares of Hong Leong Asia (SGX:H22) surged over 7% at the close as it completed the acquisition of Yong Tai long for SG$90.7 million.Sheffield Green (SGX:SGR) closed over 5% lower as it rebranded its training subsidiary, Wind Asia Training and Stier Training Services to Trainergy.Meanwhile, shares of Sanli Environmental (SGX:1E3) was down over 2% at the close, with the company targeting to raise between SG$3 million and SG$5 million from the issuance of six-month series 2 commercial bonds on the ADDX Exchange.

Hong Leong Asia Acquires Yong Tai Loong for Nearly SG$91 Million; Shares Surge 7%

Hong Leong Asia (SGX:H22) completed the acquisition of Yong Tai long for SG$90.7 million, according to a Tuesday filing with the Singapore Exchange.Shares of the powertrain solutions provider surged over 7% in Wednesday trading.Yong Tai is a provider of blast-resistant products, with the acquisition a strategic move to expand the company's portfolio and product offerings.