Corporate digest

Emerging Towns & Cities

CATALIST-listed Emerging Towns & Cities Singapore (ETC) is proposing to acquire a 17 per cent stake in Uni Global Power (UGP) for US$11.9 million by issuing 179.1 million new shares at S$0.09 apiece, raising the total stake in UGP to 87 per cent.

Mercator Lines

MERCATOR Lines says its judicial manager (JM) has filed an application to wind up the company. It said that, while potential investors have expressed an interest in its listing status, the company has, to date, been unable to justify an application for a further extension on its judicial management order. The hearing date for the winding-up application has been …