Corporate digest

Tiong Woon Corp Holding

CRANE specialist Tiong Woon Corp Holding fell into a first-quarter loss of S$3.6 million as it made impairments for trade receivables amid a drop in turnover. Net profit for the three months ended September dropped to 0.78 Singapore cent per share, from a year-ago net profit of 0.75 Singapore cent per share, or S$3.5 million in total. Other operating expenses jumped 81 per cent to S$10.9 million from S$6 million as the company posted a S$4.9 million impairment loss on trade receivables.

OUE Commercial Reit