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SINGAPORE Exchange (SGX): The Baltic Exchange's board has unanimously recommended that its shareholders vote in favour of Singapore Exchange's (SGX) proposed acquisition, where the former will be acquired by the local bourse operator's indirect wholly owned subsidiary.
Currently, 74 per cent of total votes are in favour of the acquisition. For the acquisition to go through, at least 75 per cent of total votes are needed, in addition to approval from the Financial Conduct Authority in the UK and sanction of the scheme by the UK court.
SATS: The gateway services and food solutions provider has become the first international cargo handler to operate in Saudi Arabia, after its subsidiary, SATS Saudi Arabia LLC, obtained a cargo-handling concession for 221/2 years at Dammam's King Fahd International Airport.
The S$40 million new cargo terminal will be SATS's largest green-field investment to date.
Ezra Holdings: The group's associated company in Malaysia, Perisai Petroleum Teknologi Bhd, has had the charter for a floating production, storage and offloading facility extended for six months.
The value of the six-month extension is expected to be within the range of US$31.95 million and US$45 million, depending on the daily average Brent crude oil.
Lippo Malls Indonesia Retail Trust: The trust has obtained unsecured term loan facilities of up to S$350 million, with an option to expand this by a further S$70 million through a greenshoe option.
The two separate loans of S$175 million each will be used for the acquisition of certain properties, the refinancing of its existing debt obligations and other purposes that the trustee and its lenders may agree on.