KSH posts 33.4% slump in full-year net profit to S$41m

CONTRACTOR-CUM-DEVELOPER KSH Holdings reported a 33.4 per cent drop in net profit for the year ended March 31 to S$40.98 million, dragged by lower group revenue and share of results of associates.

China Jinjiang invests in new waste-to-energy project for 325m yuan

CHINA Jinjiang Environment Holding Company Ltd said it is investing in a new waste-to-energy (WTE) project in Yan'an, Shaanxi Province by taking up a 49 per cent stake in Yan'an Guojin Environmental Protection Energy Co Ltd...

StarHub to acquire 51% stake in Accel Systems & Technologies for S$19.4m

STARHUB Ltd has agreed to acquire a 51 per cent stake in Accel Systems & Technologies Pte Ltd (ASTL) for S$19.38 million.

KS Energy in bonds purchase, warrants subscription agreements with lenders

KS Energy Ltd has proposed the issuance of S$80.15 million fixed-rate secured bonds due 2020 and some 80.15 million non-listed bonus warrants to OCBC, TAEL One Partners Ltd, Pacific One Energy Ltd (POEL) and Hedy Wiluan.

KSH posts 33.4% drop in full-year profit

CONTRACTOR-CUM-DEVELOPER KSH Holdings reported a 33.4 per cent drop in net profit for the year ended March 31 to S$40.98 million, dragged by lower revenue and share of results of associates.

Bukit Sembawang Estates posts 67.2% drop in Q4 profit

BUKIT Sembawang Estates Ltd marked a 67.2 per cent drop in net profit for the fourth quarter ended March 31 to S$2.26 million as it incurred higher other operating expenses and tax expense.

Property development income helps Stamford Land return to the black in Q4

STAMFORD Land Corporation Ltd swung back into the black for the fourth quarter ended March 31 with a net profit of S$8.93 million, compared to a net loss of S$5 million a year ago, amid an income surge from property development.

Two more properties sold en bloc; deals total S$676.5m

ANOTHER two collective sales have taken place in quick succession within a month of the first sale this year, showing firmer signs of a pick- up in the en bloc market.

Hiap Tong's full-year profit surges 110%

CRANE specialist Hiap Tong Corporation marked a 109.6 per cent surge in net profit for the full year ended March 31 to S$4.78 million, thanks to a jump in other income.

Pan Hong racks up 25.3% rise in full-year profit

PAN Hong Holdings Group chalked up a 25.3 per cent increase in net profit to 100.94 million yuan (S$20.35 million) for the full year ended March 31 amid a surge in revenue.

Jason Marine turns around in FY17 despite lower revenue

JASON Marine Group reported a net profit of S$363,000 for the full year ended March 31, against a net loss of S$6 million a year ago.

Joyas International to sell loss-making subsidiary for HK$15m

JOYAS International Holdings said it has entered into an agreement to sell loss-making subsidiary Joyas Group for HK$15 million (S$2.67 million).

ArtiVision sinks deeper into the red

COMPUTER video firm ArtiVision Technologies sank deeper into the red in the fourth quarter ended March 31 and the full fiscal year, due mainly to impairment of assets.

Vashion announces debt conversion, share consolidation, rights issue and business diversification plan

MEN'S apparel retailer Vashion Group on Thursday announced a slew of proposed transactions, including conversion of debt owed to independent directors into equity, a share consolidation, a rights issue to raise an estimated net proceeds of S$5.3 million and a business diversification proposal...

Oxley-led consortium secures Rio Casa for S$575m in en bloc deal

A CONSORTIUM comprising Oxley Holdings, KSH Holdings, Lian Beng Group and the private investment firm of Super Group's Teo family has secured a residential property in Hougang for S$575 million...

BBR unit snags Goh & Goh Building for S$101.5m in collective sale

IN what is this year's first collective sale involving a mixed-use property and the second collective sale, a unit of BBR Holdings (S) is acquiring Goh & Goh Building for S$101.5 million...

Stamford Land back in the black in Q4 on higher property development income

STAMFORD Land Corporation on Thursday posted a net profit of S$8.93 million for the fourth quarter ended March 31, from a net loss of S$5 million a year ago, amid an income surge from property development.
HOT STOCKS

Jump in Nam Cheong, Sunningdale shares triggers trading queries

SHARES of offshore support vessel builder and charterer Nam Cheong and plastics components manufacturer Sunningdale Tech surged amid hefty trading on Wednesday, prompting trading queries from the Singapore Exchange (SGX).

International Healthway Corporation warns of net loss for FY16 ended Dec 31

INTERNATIONAL Healthway Corporation Limited (IHC) said it is expected to report a net loss for the full financial year ended Dec 31, 2016 based on a preliminary assessment of the group's draft unaudited financial results for fiscal 2016. ...

Trustee-manager of RHT Health Trust prices S$60m fixed notes due 2018

RHT Health Trust Manager Pte Ltd, the trustee-manager of RHT Health Trust, has priced the S$60 million fixed rate notes due 2018 with 4.50 per cent interest.

Pollux Properties posts 55.5% rise in full-year profit

POLLUX Properties reported a 55.5 per cent rise in net profit for the full year ended March 31 to S$2.58 million, thanks to a surge in share of results from a joint venture.

EuroSports posts deeper loss of S$7.97m for FY17

EUROSPORTS Global, which is the agent for Lamborghini, sank deeper into the red for the full year ended March 31, chalking up a net loss of S$7.97 million compared to a net loss of S$4.5 million a year ago.

Vallianz enters agreements with Swiber, Rawabi to restructure US$139m in net payables, shareholder's advances

OFFSHORE support vessel provider Vallianz Holdings Limited has entered into separate set-off and settlement agreements (SOSAs) with Swiber Holdings Limited and Rawabi Holding Company Limited to restructure net payables and shareholder's advances of up to US$138.7 million...

Sinwa secures A$8m worth of new supply contracts from Shell Prelude FLNG project

OFFSHORE supply and logistics player Sinwa Limited secured a number of new supply agreements totalling A$8 million (S$8.3 million) for vessels involved in the Shell Prelude Floating Liquefied Natural Gas (FLNG) project.

Oxley Holdings buys freehold property at East Coast for S$10.5m

OXLEY Holdings Limited said it has exercised an option to purchase the property at 494 Upper East Coast Road from its owner for S$10.5 million.