Corporate digest
Technics Oil & Gas
TECHNICS Oil & Gas has failed in its bid to restrain its landlord Soilbuild Business Space Reit to call on a S$11.85 million bank guarantee or security deposit which is equivalent to 18 months' rent in respect of the second year lease of the premises at 70 Loyang Way.
Soilbuild Reit has called on the beleaguered firm's bank guarantee which has since been paid by UOB to the Reit, said Technics in an announcement to the Singapore Exchange.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Cordlife directors offer differing views on future oversight if board is rejigged
Tesla lays off more staff in software, service teams, Electrek reports
Robinhood Crypto gets Wells notice from US SEC
Morgan Stanley strategists see inflation as key for path of US stocks
US: Wall Street opens higher as rate-cut hopes linger
Tyson raises outlook as lower costs boost chicken segment