Bargain hunting in OSV sub-sector still an 'extreme sport' for select few
THE worst may be over for the offshore support vessel (OSV) sub-sector but with recovery still years away, bargain hunting in this sub-sector is only suited for those able to comprehend and stomach the risks involved.
Keppel Corp soars on signs of multi-business portfolio bearing fruit
SHARES in Keppel Corporation surged at the start of Friday following its first quarterly revenue and operating profit increase since 2014.
Keppel breaks two-and-half year spell with 30% Q3 profit jump
KEPPEL Corporation posted a 30 per cent increase in third-quarter net profit to S$291.83 million, bolstered by the group's first-ever year-on-year quarterly revenue and operating profit increase in the last two-and-a-half years. ...
Huge Q1 profit jump for GuocoLand
GUOCOLAND posted a higher first quarter net profit of S$165.55 million, up from S$25.64 million a year-ago.
Soilbuild Business Space Reit gets S$200m credit facility, to refinance debts
THE manager of Soilbuild Business Space REIT has entered into a S$200 million secured facility agreement with OCBC Bank and RHB.
Keppel's Q3 profit rises 30%
SINGAPORE-LISTED conglomerate Keppel Corp posted a 30 per cent rise in third-quarter profit to S$291 million, up from S$225 million for a year-ago period.
Singapore most robust nation in Asia-Pac for data centre operations: Cushman & Wakefield
SINGAPORE has been rated Asia-Pacific's top location for data centres in a report by Cushman & Wakefield. ...
Magic Leap names EDBI, Temasek as investors in US$502m funding round
A MIXED and augmented reality startup has attracted a new US$502 million cash infusion led by Singapore's investment firm Temasek Holdings. ...
Bargain hunters on the prowl for O&M assets
WITH oil prices stabilising at around US$50 per barrel, oil companies now have the needed visibility to revisit deferred upstream projects, though this has not led to a recovery in the embattled offshore and marine (O&M) sector - yet.
SGX, Nasdaq tie up to spur listings on 2 exchanges
THE Singapore Exchange (SGX) has inked on Wednesday an agreement with Nasdaq Inc that will see the two exchanges working hand in hand to facilitate a concurrent or sequential listing on both exchanges.
Oxley raises S$12.95m from treasury shares sale to 34 investors
HOMEGROWN property developer Oxley Holdings has raised more than S$12 million from the sale of treasury shares.
ESR-Reit eyes S$111m sale and leaseback deal with Hyflux
THE trustee of ESR Real Estate Investment Trust (ESR-Reit) is set to acquire a Tuas South property at an estimated cost of S$111 million from water treatment specialist Hyflux primarily for the purpose of leasing it back to the latter.
SGX in tie-up with Nasdaq on concurrent listing
THE Singapore Exchange inked on Wednesday an agreement with Nasdaq Inc that will see the two exchanges collaborating on a concurrent or sequential listing on both exchanges.
Oxley Holdings raises over S$12m from sale of treasury shares
HOME-GROWN property developer Oxley Holdings (Oxley) said Wednesday morning that it has raised about S$12.95 million from the sale of over 22 million treasury shares.
HOCK LOCK SIEW
Guanxi disrupted in O&M debt revamps
GUANXI, or relationship building, is considered to be the difference between doing business in the East and in the West. One noteholder told The Business Times that he decided to pick up S$500,000 of Singapore dollar notes issued by Nam Cheong because he was building on his block of trust in...
Pacific Radiance to kick off restructuring of S$100m notes
PACIFIC Radiance is set to commence restructuring of S$100 million medium-term notes after receiving expressions of interests from potential investors and securing a temporary suspension on certain bank debt obligations.
Auditors issue disclaimer of opinion on EMS Energy's FY16 statements
THE auditors of Catalist-listed EMS Energy at BDO have issued a disclaimer of opinion on the group's consolidated financial statements as at Dec 31 2016, citing doubts over the group's ability to continue as a going business concern...
Singapore shares open flat on Friday
SINGAPORE stocks opened almost flat with the Straits Times Index at 3,308.52 as at 9.01am on Friday, tracking Wall Street retreat.
Stocks to watch: Beijing Gas Blue Sky, Raffles Education, Lian Beng, Tata, Bharti, Singtel
THE following companies saw new developments that may affect trading of their shares on Friday.
Beijing Gas to delist from SGX mainboard
BEIJING Gas Blue Sky Holdings said before Friday trading hours, the Singapore Exchange Securities Trading (SGX ST) has confirmed that it has no objection to the company delisting from the mainboard of Singapore's bourse. ...
Oei Hong Leong seeks to oust Raffles Education chairman
TYCOON Oei Hong Leong has requisitioned an extraordinary general meeting (EGM) to oust Raffles Education chairman Chew Hua Seng.
Competition watchdog raises concerns over Wilhelmsen-Drew deal
THE Competition Commission of Singapore (CCS) has raised concerns over the proposed acquisition by Wilhelmsen Maritime Services AS of Drew Marine's technical solutions, fire, safety and rescue businesses. ...
Sembmarine shares buoyed by US$1.3b sale of jack-up rigs
SEMBCORP Marine's share price rose on expectations that the US$1.3 billion sale of nine jack-up drilling rigs to Borr Drilling would bolster the yard group's balance sheet. ...
Nam Cheong files for scheme of arrangement, moratorium with High Court
NAM Cheong said after Monday trading close that it has filed last Friday, an application with Singapore's High Court to restructure its debts under the scheme of arrangement (SA). ...
Keppel unit bags FPSO conversion contract from SBM Offshore
KEPPEL Corporation's shipyard unit has secured a vessel conversion contract valued at an estimated S$100 million to S$150 million from repeat customer SBM Offshore NV...