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Reports Singapore

Singapore stock market and companies daily report (Thai Beverage) (June 06, 2014)

June 6, 2014, Friday, 06:15 GMT | 02:15 EST | 10:45 IST | 13:15 SGT
Contributed by Shares Investment

Thai Beverage (TB) – Chairman of TB, Mr Charoen Sirivadhanabhakdi is seen by others to be risking piling on more debt on an empire still digesting its big acquisition (Fraser & Neave), when he is now seeking to increase his exposure down under with an offer to buy Australand. His bet of US$2.4 million is also five percent above the takeover value estimated by analysts at Credit Suisse.

Miclyn Express Offshore (Miclyn Express) – Delisted from the Australian Securities Exchange (ASX) last December, Miclyn Express is eyeing a listing on the Singapore Exchange (SGX) in the next two to three years. Miclyn Express has a fleet of about 135 vessels operating in South East Asia, the Middle East and Australia. There is bigger investor interest in Singapore than in Australia, so listing of Miclyn Express on SGX is perfect for the company.