Summit Power defers over US$200m Singapore IPO, citing 'market volatility'

SUMMIT Power International, the first Bangladeshi company slated to list on the Singapore Exchange, has delayed indefinitely its more than US$200 million initial public offering (IPO), the Business Times has learnt.
HOT STOCK

Philip Morris takes a drag on Venture, but it's not up in smoke

PHILIP Morris coughed, and Venture Corp felt the convulsions.

CapitaLand Mall Trust Q1 DPU up 1.8%, gross revenue hits S$175.2m, up 1.8%

CAPITALAND Mall Trust (CMT) has posted a first quarter distribution per unit (DPU) of 2.78 Singapore cents, up 1.8 per cent from 2.73 Singapore cents in the same period last year.

Singapore Medical Group faces alleged trademark infringement for SW1 acquisition

CATALIST-listed clinic operator Singapore Medical Group (SMG) said on Friday night that a suit had been brought against it on Oct 30 last year, relating to alleged trademark and copyright infringements by an aesthetic company that SMG acquired in March this year.

TT International's Big Box winding up application hearing date fixed on May 11

MAINBOARD-listed consumer electronics retailer TT International said on Friday that the hearing date for Big Box's winding up application has been fixed on May 11. ...

CapitaLand Mall Trust Q1 DPU up 1.8% at 2.78 Singapore cents

CAPITALAND Mall Trust (CMT) has posted a first-quarter distribution per unit (DPU) of 2.78 Singapore cents, up 1.8 per cent from 2.73 Singapore cents in the same period last year.

SGX net profit rises 21% to record S$100.5m in Q3

BOURSE operator the Singapore Exchange (SGX) has reported a third-quarter net profit of S$100.5 million, up 21 per cent from the same period a year earlier, reaching a new 10-year record high.

Oxley, SC Global, Super Group bosses take shares in Lian Beng spin-off

THE public tranche of property developer SLB Development's initial public offering (IPO) was about 20.6 times subscribed, ballot results on Thursday showed...

CSE Global eyes new projects with Serba Dinamik

A BLOCK sale last Friday that turned CSE Global into the associate company of Malaysia-listed Serba Dinamik came as a "pleasant surprise" to CSE's management, group managing director Lim Boon Kheng said...

Adventus Holdings puts US$2.2m into JV to build apartment in Vietnam

ADVENTUS Holdings unit ADV S3 has entered into a joint venture agreement with Panthera Company and two of its shareholders to acquire a plot of land at 31B Ngu Hanh Son, in Danang, Vietnam.

Silverlake Axis wins contract to implement QR Cloud for Metro

QR Retail Automation, a wholly-owned subsidiary of Silverlake Axis, has won a contract to implement QR Cloud, its cloud-based retail automation solution, for an established Singapore retail chain.

Design Studio Group's Q1 net profit dives 84%

INTERIOR fit-out and panelling products provider Design Studio Group has posted a net profit of S$322,000 in the first quarter, down 84.5 per cent from a restated net profit of S$2.1 million in the same period last year.

Yanlord Land upsizes tranche size of 6.75% notes due 2023 to US$350m

YANLORD Land Group is upsizing the tranche size of the 6.75 per cent notes due 2023 to be issued Yanlord Land (HK).

China Sunsine issues positive profit alert

SPECIALTY rubber chemicals manufacturer China Sunsine Chemical Holdings said on Thursday that it expects to report a substantial increase in consolidated net profit in the first quarter from the same period a year earlier.

Oxley, SC Global, Super Group & United Envirotech bosses take shares in Lian Beng spin-off

THE public tranche of property developer SLB Development's initial public offering (IPO) was about 20.6 times subscribed, ballot results on Thursday showed...

Koh Brothers will no longer pursue beauty business JV

CONSTRUCTION, property and engineering company Koh Brothers Group said on Thursday that it will not proceed with earlier plans to set up a beauty business joint venture.

KL High Court grants Ambank summary judgement in civil suit against Falcon Energy

FALCON Energy said on Wednesday that the Kuala Lumpur High Court has ruled in favour of Malaysian lender AmBank in its application for summary judgement in the civil suits commenced against three wholly owned Falcon Energy subsidiaries, the company and PT Bayu Maritim Berkah.

Olam International forms coffee and nuts JV with Guzman Global in Spain

OLAM International has paid 1.88 million euros (S$3 million) for a 29 per cent stake in Guzman Coffee & Nuts (GC&N), in Spain.

Courts Asia issues profit warning for Q4; shares dip 5.56%

ELECTRICAL, IT and furniture retailer Courts Asia said on Wednesday that it expects earnings for the fourth quarter ended March 31 to be "significantly reduced", with the possibility of reporting a net loss position for the quarter...

Asian Healthcare Specialists shares fully placed; trading on Catalist to commence April 20

ASIAN Healthcare Specialists (AHS) has placed out 46.9 million new shares at S$0.23 apiece ahead of a listing on the Singapore Exchange's Catalist board...
HOCK LOCK SIEW

With Uber off the roads, will ComfortDelGro shift gears?

SINCE Uber's retreat from the region became apparent in late March, investor sentiment has turned for the better for transport giant ComfortDelGro...

China police probed Midas ex-boss over loans, board says

UNBEKNOWN to the company, the former executive chairman of troubled railway parts maker Midas Holdings had been under investigation by China's Economic Crime Investigation Unit before his resignation, Midas said on Tuesday...

DeClout lenders get charge over Procurri shares

DECLOUT, a Catalist-listed holding company for technology firms, has given charge over some of its shares in mainboard-listed enterprise hardware supplier Procurri to two private lenders.

China police probed former Midas boss over subsidiary's loans: Midas board

UNBEKNOWN to the company, the former executive chairman of troubled railway parts maker Midas Holdings had been under investigation by China's Economic Crime Investigation Unit before his resignation, Midas said on Tuesday...

Midas board uncovers 334m yuan cash shortfall in China unit's accounts

THE board of directors of railway parts maker Midas Holdings has filed a police report against Midas subsidiary Jilin Midas Light Alloy (JMLA) in China after checks on its cash balances threw up alarming discrepancies.