Singapore opening hotspots this morning

• The Singapore stock market opened higher this morning, at 14.16 points or 0.45% from the opening to 3132.05 points.

• Star Lion Logistics Industrial Trust will acquire six European real estate properties for 469.7 million yuan and will privately allocate shares to raise at least 300 million yuan

• Yihe Environmental agreed to acquire Malaysian glove manufacturer, and the seller will become the company's second largest shareholder

• Shares of electronic parts distributor Shijian Technology surged 15%

• You can pay attention to stocks:$Star Lion Logistics Industrial Trust (BUOU.SG) $,$Xiangfa Holdings (5EB.SG) $,$Anjade (5HC.SG) $,$Black Gold Natural Resources (41H.SG) $,$Sand Boat Real Estate Investment Trust (CRPU.SG) $,$GREEN TECH HOLDINGS (5CT.SG) $
  

-Moomoo News Team

Market opening snapshot

The Singaporean stock market opened higher this morning as US stock index futures moved higher.$FTSE Singapore Straits Index (.STI.SG) $From the opening of the market this morning, it was 14.16 points, or 0.45%, to 3132.05 points. The total trading volume was 3.63 million shares, totaling 41.88 million yuan. There were 99 rising stocks and 30 falling stocks.

Today's hot topics

Star Lion Logistics Industrial Trust will acquire six European real estate properties for 469.7 million yuan and will privately allocate shares to raise at least 300 million yuan

$Star Lion Logistics Industrial Trust (BUOU.SG) $It was announced this morning that six logistics and industrial properties in Germany, the Netherlands and the United Kingdom will be acquired for 469.7 million yuan.

At the same time, the trust will privately place 220 million new units at $1,363 to $1399 per unit, raise at least about 300 million yuan, and have the option to sell another 20 million new units, increasing private allotment revenue to 335.8 million yuan.

The sale price range is 2.4% and 4.9% lower than the closing price of 1.4332 yuan last Friday, respectively. The sale price will be determined after an accelerated book building (book building) process.

Yihe Environmental agreed to acquire Malaysian glove manufacturer, and the seller will become the company's second largest shareholder

$one pack eco-friendly (L23.SG) $After the market closed, it was announced that terms had been negotiated with the seller on Wednesday (5/19) to acquire the remaining 75% of the shares of Malaysian glove manufacturer Pastel Gloves (PGSB for short) for 46.8 million yuan. As a result, PGSB will become a wholly-owned subsidiary of Yihe Environmental Protection.

According to the terms agreed by the buyer and seller on Wednesday, Onehe Environmental will use 23.4 million yuan in cash and issue new shares worth 23.4 million yuan to the seller to complete the purchase transaction. It will issue a total of 292.5 million new shares, 8 cents each. These new shares may not be sold off or transferred within one year. PGSB guarantees a cumulative net profit of at least 18 million US dollars over the next three years.

After the acquisition is completed, the two founders of PGSB will continue to manage the factory. One of the founders, Law Siau Woei, will become the second largest shareholder of Yihe Environmental.

Shares of electronic parts distributor Shijian Technology surged 15%

$Shijian Technology (BDF.SG) $Today (May 21), the stock price surged 14.89%, and closed at 0.81 yuan. In response to an inquiry from the SGX after the market closed, it said it did not know what caused the abnormal stock trading.

This is Shijian Technology's biggest one-day increase since February 9 this year. Its stock price accelerated its rise late in midday trading today. Today's trading volume exceeds 10,000 shares, far higher than its daily trading volume of around 180,000 shares on weekdays.

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