Good morning moomooers! Here are things you need to know about today's Singapore:

• Singapore stocks fall at Wednesday's open; STI down 0.3

• SPH unit lists £83.2m unsecured loan notes on TISE

• Keppel Infrastructure Trust to issue S$300m 4.3% perps

• iX Biopharma expands wafer production capacity, on track for 1st commercial batch in July

• Stocks to watch: Keppel Infra Trust, Boustead Projects, iX Biopharma, Raffles Medical, Wee Hur

-Moomoo News SG

Market Trend

Singapore shares opened lower on Wednesday. $FTSE Singapore Straits Time Index(.STI.SG)$ lost 0.3 per cent or 8.13 points to 3,179.10 as at 9.01 am. However, gainers outnumbered losers 80 to 51, with 86.7 million securities worth S$72.2 million changing hands.

Index stock $Genting Sing(G13.SG)$ was the second most actively traded counter by volume, with 12.3 million shares worth S$10.6 million traded within the first minute of market open. Its shares were at 86.5 Singapore cents, up 1.2 per cent or one cent.

Breaking News

SPH unit lists £83.2m unsecured loan notes on TISE

$SPH(T39.SG)$ wholly-owned indirect subsidiary in the UK, Privilege Midco, on Tuesday issued and listed about 83.2 million British pounds in unsecured loan notes on the official list of The International Stock Exchange (TISE).

The notes were issued at an issue price of 100 per cent of their principal amount, in registered form and in integral multiples of one pence, to Privilege Midco's sole shareholder Straits Ten. Straits Ten is a wholly-owned indirect subsidiary of SPH, which publishes The Business Times.

Keppel Infrastructure Trust to issue S$300m 4.3% perps

The trustee-manager of $Kep Infra Tr(A7RU.SG)$ on Tuesday proposed to issue S$300 million 4.3 per cent subordinated perpetual securities, under its S$2 billion multicurrency debt issuance programme.

The Series 002 perps are direct, unconditional, subordinated and unsecured. They are expected to be issued on June 9, said the trustee-manager in a regulatory filing on Tuesday.

iX Biopharma expands wafer production capacity, on track for 1st commercial batch in July

Specialty pharmaceutical company $IX Biopharma(42C.SG)$ on Wednesday announced it has installed new freeze-dry equipment that will allow it to expand its current wafer production capacity for its WaferiX sublingual wafers by up to six times.

The company is on track to produce its first commercial batch of wafers in July 2021, it said in its bourse filing, adding that it expects to benefit from improved operational efficiency and economies of scale.

Stocks to watch

$Boustead Proj(AVM.SG)$: The real estate player announced on Wednesday that its wholly-owned subsidiary, BP-Vietnam Development (BP-VD) has signed an option agreement with Khai Toan Joint Stock Company (KTG). KTG will provide BP-VD with a call option to purchase 49 per cent of the issued and paid-up share capital of the holding company for KTG (KBJSC) and Boustead Industrial Logistics Joint Stock Company, while BP-VD will provide KTG with a put option to sell 49.0 per cent of the issued and paid-up share capital of KBJSC to BP-VD. BP-VD will pay an option deposit to KTG in three tranche payments totalling 289.25 billion dong (S$16.6 million). Shares of Boustead Projects closed flat at S$1.19 on Tuesday.

$Raffles Medical(BSL.SG)$: The private medical provider has partnered a subsidiary of China Life Insurance (Group) to boost collaborations in China's healthcare market, as part of its continued expansion there, it said in a joint statement on Tuesday. Both parties will look at initiatives across several areas, including collaborations in the provision of medical services, healthcare management, training and development as well as healthcare financing through insurance, with a focus on supporting ageing populations. Shares of Raffles Medical closed trading at S$1.15 on Tuesday, up S$0.01 or 0.9 per cent.

$Wee Hur(E3B.SG)$: The mainboard-listed company, through its wholly-owned unit Wee Hur Construction, has secured a new project worth S$176.7 million from the Housing and Development Board, it said on Tuesday. It is not expected to have a material impact on the consolidated net tangible assets per share and consolidated earnings per share of the group for FY2021. Shares of Wee Hur closed flat at 20.5 Singapore cents on Tuesday.

$Singtel(Z74.SG)$: In a bourse filing, the telco said it has appointed former manpower minister, Lim Swee Say, as a non-executive independent directorin the group. Mr Lim, 66, was Singapore's minister for manpower from 2015 to 2018. At present, he holds various positions such as NTUC trustee, chairman of the NTUC Administration and Research Unit's board of trustees. He is also deputy chairman of the Singapore Labour Foundation. Shares in Singtel ended Tuesday 0.8 per cent or S$0.02 up at S$2.43.

$Sembcorp Ind(U96.SG)$: On Tuesday before market open, it announced the appointment of Tow Heng Tan, current chief executive of private equity firm Pavilion Capital, as a non-executive, non-independent director and a member of the board's executive committee. Pavilion Capital is a unit of Temasek Holdings. Mr Tow is currently a director on the boards of several companies, including Fullerton Financial Holdings, Keppel Capital, National Healthcare Group and ABC World Asia. Sembcorp shares closed at S$2.22, down 0.5 per cent or S$0.01.

$Top Glove(BVA.SG)$: The glove maker's plan to list in Hong Kong and raise up to US$1 billion has been delayedas it seeks to resolve a US import ban on its products, said sources with direct knowledge of the matter. In July 2020, the Malaysian company faced a US ban on imports on its products imposed due to forced labour concerns. Top Glove flagged in April it would sell 793.5 million shares in the listing, half what it proposed in its application to the Hong Kong bourse in February. Its shares closed on Tuesday at S$1.63, down S$0.02 or 1.2 per cent.