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

• Singapore stocks rise at Monday's open; STI up 0.6%

• Hong Lai Huat Group unit disposes Singapore farm resort business to focus on Cambodia operations

• KrisEnergy submits winding-up petition

• Stocks to watch: Lendlease Reit, Cromwell E-Reit, ComfortDelGro, Hutchison Port Holdings Trust, Q&M

-Moomoo News SG

Market Trend

Singapore shares opened higher on Monday. The Straits Times Index (STI) gained 0.6 per cent or 17.65 points to 3,168.69 as at 9.01 am. Gainers outnumbered losers 134 to 27, with 62.9 million securities worth S$34.9 million changing hands.

Breaking News

Hong Lai Huat Group unit disposes Singapore farm resort business to focus on Cambodia operations

Mainboard-listed property and real estate developer $Hong Lai Huat(CTO.SG)$'s wholly owned subsidiary HLH Agri International will be disposing its entire equity interest in HLH Agri R&D for an aggregate consideration of S$4.8 million.

HLH Agri R&D is the legal owner of a 20-year leasehold agri-tainment farm resort operating under the name Gallop Kranji Farm Resort. It is located at 10 Neo Tiew Lane 2 and is currently leased by Blue Dolphin, which is the managing agent of the farm resort, from July 1, 2018 to June 30, 2021.

KrisEnergy submits winding-up petition

TROUBLED oil and gas group $KrisEnergy(SK3.SG)$ announced in a regulatory update late on Friday that it has submitted a winding-up petition to the Grand Court of the Cayman Islands.

The firm said that based on actual and contingent liabilities, it is unable to pay its debts and will proceed with liquidation.

Stocks to watch

$Lendlease Reit(JYEU.SG)$: The manager on Monday proposed to raise the real estate investment trust's interest in Jem to up to 31.8 per cent through stake acquisitions in two private funds which jointly own the mall. The purchase consideration is between S$204.1 million and S$337.3 million, subject to relevant post-completion adjustments. The counter closed flat at S$0.77 on Friday.

$ComfortDelGro(C52.SG)$: The transport group will bring its taxi, private bus, car rental and leasing and lifestyle businesses under a new umbrella division, the Private Mobility Group, for a more focused approach in the development of novel and sustainable mobility solutions using digital technology and clean energy, it said on Monday morning. Group chief risk and sustainability officer Jackson Chia will head the new division, holding both positions until a replacement is found for his current role. Shares of ComfortDelGro closed flat at S$1.67 on Friday.

$Cromwell Reit EUR(CWBU.SG)$: It has acquired a logistics asset from its sponsor for 10.1 million euros (S$16.4 million). The asset is located in an industrial park within Hradec Kralove in the north-east of the Czech Republic, with long-term leases backed by three "financially strong" tenant-customers. Cromwell E-Reit units closed at 2.27 euros on Friday, down 0.4 per cent or one euro cent.

$HPH Trust USD(NS8U.SG)$: The trustee-manager on Monday said chief executive Lam Hing Man will step down from the position starting June 25 due to health reasons. Succeeding him is Ivor Chow, director of corporate finance, treasury and risk management within the Hutchison Port Holdings group. He has also been an executive of the trustee-manager since 2011. HPHT units closed at 23.5 US cents on Friday, down 0.5 cent or 2.1 per cent.

$Q&M Dental(QC7.SG)$: The healthcare group on Friday evening posted a net profit of S$9.4 millionfor the first quarter ended March 31 - about seven times higher than the year-ago period - largely due to a one-off gain on its divestment of Aidite (Qinhuangdao) Technology earlier in January. Total revenue stood 47 per cent higher at S$43.8 million. Shares of Q&M closed down S$0.01 or 1.5 per cent to S$0.68 on Friday, before the announcement.

$EliteComREIT GBP(MXNU.SG)$: The mainboard-listed real estate investment trust (Reit) has applied for its wholly-owned unit, Elite UK Commercial Holdings Limited (ECHL), to be listed on The International Stock Exchangeas a UK Reit by the third quarter. Post-listing, it will continue to hold 100 per cent of the shares in ECHL, said the manager on Friday evening. The principal tax rate applicable to the Reit is expected to be reduced to 15 per cent from the current 19 per cent. Its units closed unchanged at 66.5 Singapore cents on Friday.

$CTO Realty Growth Inc(CTO.US)$: The property and real estate developer's wholly-owned subsidiary HLH Agri International will be disposing of its entire equity interestin HLH Agri R&D for an aggregate consideration of S$4.8 million, it said on Sunday. The sale comes as the group intends to "completely focus on its business in Cambodia", where more than 95 per cent of the group's business operations are focused, with the proposed disposal being part of its efforts to strengthen its financial position. Shares of Hong Lai Huat ended Friday flat at 9.1 Singapore cents.

$Riverstone(AP4.SG)$: The Malaysian glove maker on Sunday confirmed 75 positive Covid-19 casesamong its factory workers from its manufacturing facilities based in Perak. The temporary closures of its manufacturing facilities in Perak, together with a 60 per cent limit on workforce capacity, will result in an estimated loss of 2 per cent of the group's total annual production capacity of 10.5 billion pieces of gloves, said the group. Shares of Riverstone ended Friday at S$1.38, down S$0.05 or 3.5 per cent.

$Singapore O&G(1D8.SG)$: The women's healthcare service provider has appointed Linda Hoon, chief legal officer of Singapore Post, as its new independent director and chairman of the nominating committee. The company said on Friday that Ms Hoon has over three decades of legal, compliance and company secretarial experience, mostly in-house with major regional listed companies. Its shares closed up 0.5 Singapore cent or 2 per cent higher at 26 cents on Friday, before the announcement.