The combined weightage of these two counters and Golden Agri-Resources will be around 9%

 

[SINGAPORE] Yangzijiang (YZJ) Maritime, Centurion Accommodation Real Estate Investment Trust (Reit) and Golden Agri-Resources were announced on Tuesday (Dec 9) as the new additions to two iEdge Singapore indices. 

 

This update to the indices kicks in at the start of trading on Dec 22. 

 

The first index they will be added to is the iEdge Singapore Next 50 Index, which is weighted by market capitalisation the other is the iEdge Singapore Next 50 Liquidity Weighted Index. 

 

YZJ Maritime is a spinoff from the maritime investment segment of YZJ Financial. The investment company debuted on the mainboard of SGX on Nov 18, with an issue price of S$0.60 a share. 

 

It has core businesses in maritime asset investments and ship financing, and also invests in vessels for charter and sale via joint ventures and leasing models. 

 

As at Jun 30, it had a net asset value of over US$1.57 billion. In H1 2025, the company recorded earnings of US$63.54 million, down from US$68.91 million for the corresponding period the year before.

 

Centurion Accommodation Reit listed on SGX on Sep 25, with an initial public offering price of S$0.88 a unit. It was the second-biggest mainboard listing on the SGX in 2025, after NTT DC Reit   in July 2025. 

 

The Golden Agri Resources group has been trading on SGX since 1999, with a market capitalisation of about S$3.5 billion. 

 

The combined weightage of YZJ Maritime, Centurion Reit and Golden Agri-Resources will be around 9 per cent, based on the counters&rsquo indicative weightages on Nov 28. 

 

The three companies take the place of Samudera Shipping, Nanofilm Technologies International and Aztech Global. 

 

The next review of these iEdge Singapore Next 50 indices takes place in March 2026. 

The site is a 472-bed facility, across 440 units

[SINGAPORE]   Centurion Corporation   : OU8 -0.73% has expanded its Australian footprint into Perth, Western Australia, acquiring a 25 per cent equity interest in a 472-bed purpose-built student accommodation (PBSA) development for A$6 million (S$5.1 million).

 

The accommodation asset manager announced on Monday (Dec 1) that its indirect wholly-owned subsidiary, Centurion Overseas Investments (II), entered into an agreement for the stake in Stirling Highway Development Pty Ltd by subscribing for 6 million shares. The acquisition was funded through internal resources. 

 

The remaining 75 per cent interest is held by Centurion Properties Australia Investments, a wholly owned subsidiary of Centurion&rsquo s controlling shareholders.

 

The development serves as Centurion&rsquo s entry into its fourth Australian city.

 

The project site is located at 37-43 Stirling Highway in Nedlands, near the University of Western Australia&rsquo s Crawley campus. It is also near of the Queen Elizabeth II Medical Centre.

 

The site has obtained development approval for a 472-bed facility across 440 units. Construction is targeted for completion by December 2027.

 

Centurion chief executive officer Kong Chee Min said the investment aligns with the group&rsquo s strategy to deepen and scale its Australian PBSA portfolio.

 

&ldquo Its location within a well-established university precinct positions the project to capture resilient demand,&rdquo Kong said. &ldquo As part of our growing pipeline, it is expected to contribute to sustainable growth, operational scale and long-term value creation for the Group.&rdquo .

 

The company noted that this investment is part of a broader capital recycling strategy following the spin-off and listing of Centurion Accommodation Reit, allowing capital to be redeployed into new development opportunities.

 

The transaction is not expected to have a material impact on Centurion&rsquo s consolidated net tangible assets or earnings per share for the financial year ending Dec 31, 2025.