Thursday, 17 April, 2014 [BACK TO TODAY'S EDITION]


THIS would be a chest-thumping moment for Ezion Holdings, a listed offshore marine services firm, which will soon count veteran businessman Quek Leng Chan as its second top shareholder.

TWO companies linked to Malaysian tycoon Quek Leng Chan are pumping a total of $194 million into Ezion Holdings through share subscriptions for a combined 7.7 per cent stake in the enlarged capital of the liftboat developer and offshore logistics support service provider.

KEPPEL Corporation yesterday reported a 5.1 per cent decrease in net profit to $338.7 million for its first quarter ended March 31, 2014, compared to $357 million a year ago.

THE Society of Remisiers (SOR) has asked the Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX) to retain the present settlement period of T+3 and to require collateral only for trades above $50,000, two recommendations which, if accepted, would help preserve some contra trading.

CAMBRIDGE Industrial Trust (CIT) has posted a distribution per unit of 1.251 cents for its first quarter ended March 31, 2014, a 1.4 per cent increase from 1.234 cents a year ago.

MEDICAL device maker QT Vascular is aiming to raise $55 million in what is so far the largest initial public offering on Catalist this year. The offer is by way of placement, with 196.4 million new shares priced at 28 cents apiece, valuing the loss-making company at $211.6 million upon listing.

DISSENTING Pteris Global director Winston Tan said his requisition to remove five of his fellow board members is necessary as it will enable his new team to properly review Pteris' proposed reverse takeover (RTO) deal.

CAPITALAND is acquiring another 80 per cent interest in CapitaLand (Beijing) Kai Heng Holdings Pte Ltd (CBKH) that it does not already own from a group-managed China fund for 220.2 million yuan (S$45 million).

SABANA Shari'ah Compliant Industrial Real Estate Investment Trust's (Sabana Reit's) distribution per unit (DPU) fell 22 per cent to 1.88 cents per unit for the first quarter ended March 31, 2014, from 2.41 cents a year ago.

GLOBAL Logistic Properties Limited (GLP) has leased 34,000 square metres of space to a "leading smartphone manufacturer" at GLP parks in six cities across China.