UIC posts 13.1% fall in Q3 net profit

MAINBOARD-LISTED developer United Industrial Corp (UIC) said on Friday that it could take a year to figure out how to increase income from the consolidated Marina Mandarin hotel and shopping complex, even as third-quarter earnings slipped.

Best World's net profit down 16.9% at S$24.8m in Q3

BEST World International, the mainboard-listed skincare pro-duct company that is being probed by the Singapore Exchange (SGX) over its sales model, on Friday posted a slide in third-quarter earnings that it attributed to the lack of the one-time "other operating income" in the year prior.

Synagie Corp launches S$0.10-a-share rights issue to fund 2020 growth plans

CATALIST-LISTED e-commerce solutions provider Synagie Corp plans to raise up to S$3.84 million in a rights issue to fund its expansion in 2020, the board said late on Friday night.

Best World reports 16.9% drop in Q3 profits to S$24.8m

BEST World International, the mainboard-listed skincare product company that is being probed by the bourse over its sales model in China, on Friday reported a decline in third-quarter earnings, attributed to the absence of one-time “other operating income” in the year before.

Ryobi Kiso judicial managers ask to push creditors' meeting deadline into 2020

THE judicial managers of ailing construction firm Ryobi Kiso Holdings, which was first placed under interim judicial management in March, are asking for more time to carry out their work.

Yeo Hiap Seng Q3 net profit jumps to S$2.76m on absence of fair-value loss

MAINBOARD-LISTED drinks maker Yeo Hiap Seng saw a surge in third-quarter earnings on the back of narrower losses at associates and joint ventures, as well as the absence of fair-value losses on equity investments recognised in the year-ago period.

AsiaPhos Chinese subsidiary's ex-staff withdraw severance pay claims: board

CATALIST-LISTED Chinese phosphate miner AsiaPhos, which earlier this year saw a wholly owned subsidiary slapped by former employees’ claims for severance pay, said in a bourse filing on Friday that some of the claims have been voluntarily withdrawn.

Metro Holdings buys 20% of Australian property portfolio for A$95.8m

MAINBOARD-LISTED department store operator Metro Holdings, which also invests in real estate, has re-entered Australia with plans to take a minority stake in a property portfolio for A$95.8 million (S$89.5 million), under a joint venture agreement disclosed on Friday.

CapitaLand sells HK serviced residence for HK$581.8m

MAINBOARD-LISTED CapitaLand has sold a serviced residence in Hong Kong for HK$581.8 million (S$101 million) to an unnamed third party, according to a bourse filing on Friday.

POSH appoints Provenance Capital as independent financial adviser in Kuok cash offer

STRUGGLING offshore and marine services provider PACC Offshore Services Holdings (POSH) has named Provenance Capital the independent financial adviser to the independent directors in the buy-out offer from Malaysian tycoon Robert Kuok’s Kuok group of companies.

United Industrial Corp Q3 earnings drop by 13.1% amid Marina Mandarin consolidation

MAINBOARD-LISTED developer United Industrial Corp (UIC) saw third-quarter earnings slip on higher costs and lower share of associates’ and joint ventures’ profits, amid the consolidation of revenue from the Marina Mandarin hotel complex that was bought out in April.

Genting Q3 profit dips; ploughs on with RWS 2.0

RESORTS World Sentosa operator Genting Singapore saw its third-quarter profits plunge, according to results released on Thursday, with the company blaming "headwinds".

Q3 DPU for Lippo Malls Indonesia Retail Trust up

LIPPO Malls Indonesia Retail Trust (LMIRT) upped its third-quarter distribution per unit (DPU) to 0.56 Singapore cent, from 0.49 Singapore cent before, in results out on Thursday.

SPH Reit takes A$670m stake in South Australia mall

SPH REIT is expanding its footprint Down Under, with a deal inked on Thursday for a half-stake in a freehold mall, Westfield Marion Shopping Centre, in the state of South Australia.

Simon Keswick to retire from Jardines family business at 77

SIMON Keswick, former chairman and managing director of Jardine Matheson Holdings, is retiring from the board at 77, after almost six decades with the family conglomerate.

Capital World subsidiary pulls out of Malaysian land deal

CATALIST-LISTED property developer Capital World, which recently had its ability to continue as a going concern flagged by its auditor, saw a subsidiary scrap its plans to buy a Malaysian company that held joint development rights for some land in Johor.

Procurri Corp suspends trading as it mulls potential third-party offer for its assets

MAINBOARD-LISTED enterprise hardware supplier Procurri Corp is going over a third party’s recent offer to buy some of its assets, it said in an update on Thursday night, as it sought to extend its trading halt into a voluntary trading suspension.

MindChamps Q3 net profit plunges by 73.1% to S$300,000 on expansion-related costs

MAINBOARD-LISTED early childhood education player MindChamps PreSchool saw third-quarter earnings plummet on surging expenses, despite a swell in turnover from new pre-schools in its stable.

Koh Bros Q3 net profit down by 38.6% to S$1.01 million on construction weakness

MAINBOARD-LISTED construction player Koh Brothers saw third-quarter net profit plunge on lower sales, as the construction and building materials division recognised less revenue.

Vibrant to consolidate stake in chemical logistics subsidiary for S$13.5 million

MAINBOARD-LISTED logistics player Vibrant Group plans to consolidate its stake in chemical logistics subsidiary LTH Logistics (Singapore), in a deal inked and disclosed on Thursday.

Lippo Malls Indonesia Retail Trust raises Q3 DPU as gross revenue policy stabilises

LIPPO Malls Indonesia Retail Trust (LMIRT) upped its third-quarter distribution per unit (DPU) to 0.56 Singapore cent, from 0.49 Singapore cent before, in results released on Thursday.

Allied Tech expects nine-month net loss in Q3 results

CATALIST-LISTED precision engineering firm Allied Technologies expects to post a net loss for the nine months to Sept 30, the board warned in a bourse filing on Thursday evening.

EC World Reit trims Q3 DPU to 1.489 Singapore cents amid acquisition timing mismatch

EC WORLD Reit, which focuses on China’s logistics property market, cut distribution per unit (DPU) to 1.489 Singapore cents in the third quarter, from 1.57 Singapore cents before.

Genting Singapore Q3 net profit falls by 24.5% to S$158.9 million

RESORTS World Sentosa operator Genting Singapore saw its third-quarter profits plunge on the back of higher cost of sales, according to results released on Thursday.

SPH Reit to take stake in second Australian mall for A$670 million

SPH Reit plans to take a half-stake in a shopping centre Down Under for A$670 million (S$627.9 million), to be funded by proceeds from a recent perp issue plus debt and/or equity fund-raising, in a deal with Lendlease Real Estate Investments inked on Thursday.