HOCK LOCK SIEW

From disruptor to disrupted: Circles.Life has come full circle

VIRTUAL telco Circles.Life, whose entry into Singapore opened the floodgates for mobile virtual network operators (MVNOs), could be expanding further into non-telco consumer-oriented services.

New reporting standards sink SLB's Q1 results

NEW reporting standards torpedoed SLB Development's first-quarter earnings, as it must now recognise project contributions progressively...

Magnus Energy replies to 37 queries by Singapore Exchange and Catalist sponsor

CATALIST-LISTED Magnus Energy Group has replied to questions over issues raised by its former managing director in two <em>The</em> <span class="italic"><em>Business Times</em></span> articles from May and June, in a 16-page document that addressed 37...

Asiatic Group (Holdings) inks share subscription deal to issue new shares at 65% premium

CATALIST-LISTED Asiatic Group (Holdings) has inked a conditional share subscription agreement that will give the buyer a 14.9 per cent stake in the company, the board said on Friday.

ICP independent director barred from position in June, board discloses

AN independent director of Catalist-listed ICP Ltd was barred from being a director four months ago, the board disclosed in a filing on Friday.

Lian Beng Q1 net profit falls 39% on share of losses from SLB Development

MAINBOARD-LISTED construction player Lian Beng Group saw smaller profits in the first quarter, as new accounting standards ate into its share of profits from a Catalist-listed spin-off.

CSC Holdings recovers S$600,000 after amicable settlement in 2017 sub-contract dispute

CSC Holdings has recovered a S$600,000 performance bond after amicably settling a dispute over sub-contract works for a stormwater storage tank project by national water agency PUB.

Cache Logistics Trust to divest from Shanghai chemical warehouse for 87m yuan

CACHE Logistics Trust is selling off a dangerous goods warehouse in Shanghai, the manager said on Friday.

ASL Marine unveils informal steering committee, meeting for noteholders

ASL Marine Holdings plans to set up an informal steering committee of noteholders as it reviews its financing and capitalisation structure, the board said on Friday.

Swissco signs agreement to transfer listing status by scheme of arrangement

MAINBOARD-LISTED marine company Swissco Holdings - which is under judicial management - inked an implementation agreement on Friday to transfer its listing status to Plus Renewable Technologies through a scheme of arrangement, the judicial managers have announced.

JV losses, new reporting standards send SLB Development into the red by S$2.8m in Q1

CATALIST-LISTED SLB Development sank into the red in the first quarter on restated numbers after the adoption of new reporting standards, according to unaudited results released on Friday.

Travelite Holdings to buy associate's assets for S$374,800

LUGGAGE retailer Travelite Holdings is taking over the stock of a struggling associated company in an agreement inked on Friday, the board has said.

Enterprise Singapore CEO to join board of Raffles Medical Group

SENIOR civil servant Png Cheong Boon, who leads statutory board Enterprise Singapore, is joining Raffles Medical Group as an independent director.

Singapore retail sales fall for second month in August with 0.4% dip

SINGAPORE retail sales fell for a second month in August, again on the back of lower vehicle sales, according to figures released by the Department of Statistics on Friday.

Delong CEO scraps takeover bid amid SIC probe into possible rule breach

DELONG Holdings chief executive's bid to privatise the Chinese steelmaker has been called off, amid a probe by the Securities Industry Council (SIC) into any potential breach of Singapore's Take-over Code...

SingHaiyi's Celine Tang becomes Chip Eng Seng chairman

SINGHAIYI Group managing director Celine Tang is now also construction company Chip Eng Seng Corp's new chairman, after becoming its largest shareholder on Oct 5...

Epicentre Holdings' independent auditors issue qualified opinion over ongoing Deloitte & Touche review

INDEPENDENT auditors for Apple product reseller Epicentre Holdings have issued a qualified opinion on the financial statements for the year to June 30, said the company's board on Thursday...

Vividthree inks MOU to develop virtual reality arcade game

A UNIT of mm2 Asia spin-off Vividthree Holdings signed a memorandum of understanding on Thursday to develop a virtual reality arcade game with a London-based video game company, the company said.

Keppel Data Centres signs pact with three Chinese technology firms on building better centres

THE data centre arm of government-linked conglomerate Keppel Corp has tied up with three Chinese technology firms to develop more efficient and robust data centres.

Yangzijiang forms US$99.9 million joint venture with Japanese peers to build commercial vessels in China

MAINBOARD-LISTED Yangzijiang Shipbuilding (Holdings) has set up a joint-venture shipbuilder in China, with Japan's Mitsui E&S Shipbuilding and Mitsui & Co as partners, it announced on Thursday...

Caterpillar distributor files winding-up petition against Triyards subsidiary

A SUBSIDIARY of Ezra Holdings' shipyard arm has been hit with a winding-up application, Triyards Holding disclosed on Thursday, even as another hearing for the winding-up of parent Triyards was postponed...

Delong CEO pulls out of privatisation bid on requirement to raise offer price to S$7.42 a share

DELONG Holdings chief executive Ding Liguo has backed out of an attempt to privatise the Chinese steelmaker, after being required to revise the offer price upwards.

Oil price rally sends shares of OSV operators surging

OFFSHORE supply vessel (OSV) operators have seen a marked recovery in their shares amid the recent oil price rally, according to a Singapore Exchange (SGX) report on Wednesday.

Rochor's Golden Wall Centre hits en-bloc market again

GOLDEN Wall Centre has launched its second attempt at a collective sale, with a reserve price of S$260 million - little changed from what the strata unit owners wanted in a 2016 bid.

Tharman tweaks MAS prohibition orders upon appeal

ORDERS barring two men from doing some kinds of financial work were tweaked upon appeal to Deputy Prime Minister Tharman Shanmugaratnam, minister in charge of the Monetary Authority of Singapore (MAS), said the regulator on Wednesday.