Thursday, 24 July, 2014 [BACK TO TODAY'S EDITION]

 

ASCENDAS Reit (A-Reit) yesterday posted a 2.5 per cent increase in distribution per unit (DPU) to 3.64 Singapore cents for its first quarter ended June 30.

JUST over three months after offshore firm Ezion Holdings joined hands with struggling AusGroup to suss out opportunities in the logistics space, both parties have tightened the pact even further.

TIGER Airways is seeking to boost overseas sales as well as drive more connecting traffic through its Singapore hub by leveraging on strategic alliances, said new group chief executive Lee Lik Hsin.

BOOSTED by record revenue and higher gross margin, construction group Lian Beng's full-year net profit attributable to shareholders surged 19.4 per cent to a high of S$87.1 million.

SEVERAL creditors have commenced legal proceedings against Xpress Holdings and its subsidiary, Xpress Print, for about S$2.4 million in sums due.

PTERIS Global Limited shareholders yesterday approved the reverse takeover (RTO) deal involving Tianda Group and China International Marine Containers (CIMC). CIMC, which currently controls 15 per cent of Pteris and which will gain majority interest after the deal, abstained from voting.

DESPITE headwinds in the residential markets of Singapore and China, Keppel Land still racked up a decent 12.2 per cent rise in net profit to S$107.2 million for the second quarter ended June 30.

HOCK LOCK SIEW

THE rush for yield in Singapore reaches new heights every day, and at first glance, retail investors are losing out.

SHENG Siong Group Ltd yesterday posted a 30.3 per cent rise in net profit for the fiscal second quarter ended June 30, on higher profit margin.

CAPITAMALL Trust - Singapore's largest shopping centre real estate investment trust - yesterday said that tenants' sales fell 3.3 per cent in the quarter ended June 30. Shopper traffic at its malls too was down 2 per cent in the same period.

SINGAPORE and Hong Kong dual listed fertiliser maker China XLX Fertiliser Ltd's stock will cease trading on the Singapore bourse at the end of tomorrow's session. From Monday onwards, it will only be quoted on the Hong Kong Stock Exchange, where it has a primary listing.