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Stocks to watch: GLP, TTJ, Silverlake, Pavillon
Global Logistic Properties: Logistics facilities provider Global Logistic Properties (GLP) has signed 69,000 sq m of new leases in China and Japan over the past three months, it announced on Thursday. The customers are using the facilities to service growing demand from online and offline retail distribution channels, it said.
TTJ Holdings: Structural steel provider TTJ Holdings Ltd posted a 43 per cent drop in net profit for the second quarter ended Jan 31 to S$3.1 million, as revenue and margins took a hit. Revenue slipped 30 per cent to S$19.98 million during the quarter.
Silverlake Axis: One-and-a-half years after a short-selling report targeted software firm Silverlake Axis' complex corporate structure, the company is apparently moving to simplify it. Executive chairman Goh Peng Ooi has proposed to sell his interests in his various Silverlake private entities to the company.
Pavillon Holdings: Pavillon said on Wednesday that it has entered into agreements with two investors from China for investments worth US$10.14 million in its wholly owned subsidiary Pavillon Financial Leasing (PFL). The new investors are Walum Holdings and Tianjin Baorui International Trading; Walum Holdings' investment of US$7.97 million will result in a shareholding of 12.26 per cent, while Tianjin Baorui's investment of US$2.17 million will result in a 3.34 per cent shareholding.