Yuuzoo claims tight time frame by SGX was mission 'impossible'
YUUZOO Corporation, whose shares were suspended on Monday by the Singapore Exchange (SGX) for missing a disclosure deadline, said on Thursday that it had been given an "impossible" time frame to put together material required by auditors RT LLP...
Raffles Education to issue rights issue of up to 318.6m new shares for S$0.14 each
RAFFLES Education Corporation announced after trading hours on Thursday that it is proposing to undertake a renounceable non-underwritten rights issue of up to 318.6 million new ordinary shares in the company at an issue price of S$0.140 each in order to raise gross proceeds of up to approximately...
Patrick Chew resigns as Midas Holdings CEO due to health issues and litigation matters
PATRICK Chew Hwa Kwang has resigned as the executive director and CEO of Midas Holdings, as well as the director of its subsidiaries and associated companies, effective on March 22.
Sumatec to settle suit with Hoe Leong Corporation for RM27m
HEAVY equipment maker Hoe Leong Corporation announced after trading hours on Thursday that the company and its 80 per cent owned subsidiary, Ebony, have agreed to settle a law suit with Sumatec Resources Berhad and its former managing director Chan Yok Peng.
Midas Holdings obtains court documents on legal cases
MIDAS Holdings announced after trading hours on Thursday that its legal counsel in the People's Republic of China had obtained court documents regarding three legal cases associated with the group...
ABB to set up global digital solutions centre in Singapore
ABB is setting up a new global digital solutions centre in Singapore to drive innovation, merging cloud, information and operational technologies, with the aim of helping customers harness digitalisation to improve energy efficiency and increase operational agility across industries.
YuuZoo cites 'impossible' timeframe for auditors to make call
YUUZOO Corporation Limited, which saw a suspension in its shares by the Singapore Exchange (SGX) on Monday, clarified on Thursday that it was due to an "impossible" timeframe given for it to put together material required by auditors RT LLP...
One Raffles Place Shopping Mall gets facelift
OUE Commercial Reit announced on Wednesday that its portfolio property, One Raffles Place Shopping Mall, will undergo asset enhancement initiatives in mid-2018 as part of efforts to revitalise the mall with a "more diverse and dynamic tenant mix"...
Ezion warns of US$1b net loss on huge impairment
BELEAGUERED offshore and marine group Ezion Holdings issued a profit guidance late on Wednesday for the group's financial performance for the fourth quarter and full year ended Dec 31, 2017...
MINDS opens first intellectual disability clinic in Singapore
THE Movement for the Intellectually Disabled of Singapore (MINDS) celebrated World Down Syndrome Day on Wednesday with the opening of its first clinic in Singapore dedicated to persons with intellectual disabilities.
Ezion Holdings warns of net loss of US$1b for Q4 2017 and FY2017
EZION Holdings issued a profit guidance late on Wednesday for the group's financial performance for the fourth quarter and full year ended Dec 31, 2017...
Asiatravel.com Holdings requests for extension to hold AGM; enters into conditional share and warrant placement agreements
ASIATRAVEL.COM Holdings has applied to the Singapore Exchange (SGX) and the Accounting and Corporate Regulatory Authority (Acra) for an extension of time to hold its Annual General Meeting (AGM) for the financial period ended Dec 31, 2017.
Anwell Technologies' chairman resigns
ANWELL Technologies, which is under judicial management, announced after trading hours on Wednesday that its executive director and chairman Ling Yew Kong has stepped down from his position due to personal commitments, effective March 8.
The Place Holdings announces new CEO
The Place Holdings announced late on Wednesday that its executive chairman and CEO Ji Zenghe is stepping down from his CEO post, but will retain his designation as executive chairman.
Tee International Limited proposes bonus issue of warrants
TEE International Limited announced on Wednesday that it is proposing a bonus issue of up to 50.2 million free warrants on the basis of one bonus warrant for every 10 existing ordinary shares at an exercise price of S$0.215 payable in cash.
Kori Holdings unit awarded contracts for Circle Line and Thomson-East Coast Line worth S$13.5m
ENGINEERING and construction services company Kori Holdings announced on Wednesday that its wholly owned subsidiary, Kori Construction, has been awarded contracts worth S$13.5 million as part of Circle Line 6 and the Thomson-East Coast MRT Line.
Olam disposes its 50% equity interest of joint venture company to Wilmar International unit
OLAM International Limited announced the disposal of its 50 per cent equity interest in investment holding company Nauvu Investments, to Wilmar International's wholly owned subsidiary Wilmar Resources for up to US$148 million...
OUE Commercial Reit spruces up One Raffles Place Shopping Mall
OUE Commercial Reit announced on Wednesday that its portfolio property One Raffles Place Shopping Mall will undergo asset enhancement initiatives in mid-2018 as part of efforts to revitalise the mall with a "more diverse and dynamic tenant mix"...
Keppel unit secures bonuses worth over £7 million
KEPPEL Seghers, a wholly owned subsidiary of Keppel Infrastructure Group, has signed a five-year technical support agreement and secured two performance bonuses totalling over £7 million (S$12.9 million) with Viridor EfW (Runcorn), for the Phase 2 Thermal Power Station.
UnUsUal unit to acquire 49% of Chinese film and concert company for 25.2m yuan
UNUSUAL Limited announced late on Monday that its wholly owned subsidiary UnUsUaL Entertainment International Limited has entered into a term sheet to acquire 49 per cent of equity interest in the total registered and paid-up capital of Beijing Wish for 25.2 million yuan (S$5.2 million) from vendor...
Mapletree Commercial Trust to issue S$120m 3.28% fixed rate notes due 2024
THE manager of Mapletree Commercial Trust (MCT) announced on Tuesday after trading hours that Mapletree Commercial Trust Treasury Company has issued S$120 million in principal amount of 3.28 per cent fixed rate notes due 2024.
Ezion Holdings and Sias to hold informal meeting with shareholders on Friday
OFFSHORE and marine group Ezion Holdings announced after market close on Tuesday that it will be convening an informal meeting with shareholders on Friday, together with the Securities Investors Association (Singapore), or Sias.
EMS Energy granted two-month extension for FY2017 results and AGM
EMS Energy has been granted a two-month extension till April 30 for the release of its FY2017 financial statements and two months' extension till June 30 to hold its annual general meeting for FY2017...
Keppel unit secures bonuses, signs five-year technical support agreement with Viridor EfW (Runcorn)
KEPPEL Seghers, a wholly owned subsidiary of Keppel Infrastructure Group, has signed a five-year technical support agreement and secured two performance bonuses totalling over £7 million with Viridor EfW (Runcorn), for the Phase 2 Thermal Power Station at Runcorn in the UK (Runcorn EfW).
Union Gas to purchase entire issued and paid-up capital of U-Gas
UNION Gas Holdings announced late on Monday that it has provided Union Energy Corporation (UEC) with a formal notice that it intends to exercise the call option granted to the company by UEC to acquire its business that supplies liquefied petroleum gas (LPG) to hawker centres.