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

• Singapore stocks opened lower on Wednesday; STI down 0.18%
  

• CapitaLand to acquire its first hyperscale data centre campus in China for 3.66b yuan

• GS Holdings recovers 100m yuan of 132.67m yuan debt, will ask to lift trading halt

• Stocks to watch: CapitaLand, IReit, MCT, Nanofilm, LMIRT, Jardine C&C, HG Metal

-Moomoo News SG

Market Trend

Singapore stocks opened lower on Wednesday, $FTSE Singapore Straits Time Index(.STI.SG)$ dipped 0.18 per cent or 5.8 points to 3,188.24 as at 9.00 am.

Breaking News

CapitaLand to acquire its first hyperscale data centre campus in China for 3.66b yuan

$CapitaLand(C31.SG)$ announced on Wednesday that it will be investing 3.66 billion yuan (S$757.7 million) to acquire its first hyperscale data centre campus in China, the world's second-largest data centre market and the largest in the Asia-Pacific.

The potential acquisition is via the purchase of 100 per cent equity interest in two companies registered in China, the property giant said in a press statement.

GS Holdings recovers 100m yuan of 132.67m yuan debt, will ask to lift trading halt

GS Holdings has managed to recover 100 million yuan (S$20.4 million) of a substantial debt owed to it by 14 food-and-beverage outlets in China, the Catalist-listed company said on Tuesday.

As at Dec 31, 2019, the outlets had owed 120 million yuan to GS Holding's subsidiary, Wish Hospitality Holdings, for branding, operation and procurement services to the outlets. At the time, GS Holdings said the payment delay was due to ongoing consultations between Wish and China's tax authorities on the amount of tax payable by Wish before the outlets would be allowed to remit the fees to the subsidiary.

Stocks to watch

$IREIT Global(UD1U.SG)$: The Europe-focused real estate investment trust (Reit) on Wednesday morning said it was proposing to acquire a portfolio of 27 freehold retail properties in France from sporting goods retailer Decathlon for 110.5 million euros (S$176.8 million). Its manager intends to finance the intended acquisition through net proceeds raised from the issue of new units, among other methods of financing. Units of the Reit closed flat at S$0.65 on Tuesday.

$Mapletree Com Tr(N2IU.SG)$: Its distribution per unit (DPU) for the second half of the year ended March 31 rose 57.9 per cent to 5.32 Singapore cents from 3.37 cents in the previous year. The DPU includes a part release of retained cash carried forward from Q4 of FY2020. MCT units closed at S$2.13 on Tuesday, down S$0.01 or 0.5 per cent, before the announcement.

$Nanofilm(MZH.SG)$: On Tuesday the nanotechnology solutions provider said it was "preparing for the possibility of deferment of selected 3C projects from its initial production schedules" as a result of the current global chip shortage situation. This was in response to a question submitted by shareholders ahead of the company's April 28 annual general meeting. Prior to the announcement, shares of Nanofilm closed down S$0.03 or 0.6 per cent at S$5.31.

$HG Metal(BTG.SG)$: The steel products maker on Tuesday clarified that its final dividend for FY2020 is 0.5 Singapore cent per share and not S$0.50 per share, which was wrongly stated in its announcement filed a day earlier. This comes after its shares saw a high volume of trade on Tuesday morning; the counter rose 3.5 Singapore cents or 11.5 per cent to 34 cents, prior to a trading halt at 11.52 am. HG Metal will resume trading in its shares today.

$GS Hldg(43A.SG)$: The Catalist-listed company on Tuesday announced that it has managed to recover 100 million yuan (S$20.4 million) of a substantial debt owed to it by 14 food-and-beverage outlets in China. Shares of GS Holdings last changed hands at S$0.45, before it called for a trading halt on April 23 pending the announcement. It has requested to resume trading today.