The Business Times
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Chloe Lim

Chloe Lim

JOURNALIST

Chloe Lim is a breaking news reporter at The Business Times. She previously worked at The Edge Singapore.

emailchloeljh@sph.com.sg
Sats' Q4 revenue stands at S$1.6 billion, up 9.8% year on year from S$1.5 billion.

Shares of Sats up 6.4% after posting rise in Q4 earnings

Net profit for its quarter ended Mar 31 grows 31% to S$50.7 million

Sats on May 25 posted a net profit of S$50.7 million for its Q4 ended Mar 31, an increase of 31% from S$38.7 million in the year-ago period.

Stocks to watch: Sats, FLCT, Boustead Singapore

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (May 26): 

Pacific Channel's Brent Ogilvie says the acquisition marks "a significant expansion" of the firm's climate-tech investment platform across Apac.

Engie Factory Asia-Pacific is acquired by New Zealand venture capital firm Pacific Channel

The VC company has been investing in climate tech ventures via Engie Factory since mid-2020

I-MED operates a network of 215 diagnostic imaging clinics across Australia and New Zealand.

Jardine Matheson acquiring I-MED Radiology Network for A$3.4 billion

Deal will be funded through existing cash and debt

Geo Energy says it has not received any official communication or directive in relation to the Indonesian government’s plan.

Geo Energy expects ‘further clarity’ on Indonesia’s plan to centralise commodity export controls

The coal producer says current operations and activities continue ‘as (per) normal’

Lily Ler, chief executive officer of the manager of MIT, says the sale is part of the trust’s broader strategy to "rebalance (its) portfolio".

Mapletree Industrial Trust divests Philadelphia data centre for US$14.5 million

The manager says it is the most ‘prudent’ action to optimise capital allocation and portfolio performance

Aspial Lifestyle's private placement is over two times covered, and attracted investors including Eastspring.

Aspial Lifestyle raises S$84.8 million at S$0.402 apiece

S$60 million is from a private placement while S$24.8 million will be obtained from a preferential offering

The Hour Glass' revenue for its H2 rose 16 per cent year on year to S$722.8 million, from S$622.6 million.

Stocks to watch: Mapletree Industrial Trust, The Hour Glass, UI Boustead Reit, Boustead Singapore, Aspial Lifestyle

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (May 25):

Among the issues in contention are plans to spend S$7 million for Green Mark certification and another S$5 million on pickleball court construction.

Showdown at Tanglin Club sees new rival slate elected to general committee

Members have passed a resolution to raise term membership entrance fees to S$10,500 annually

Dr Koh says he has been "an absent husband, father and son" since entering politics in 2015.

Koh Poh Koon resigns from ministerial roles for ‘family reasons’, will stay on as MP

He will relinquish his appointments on Jun 1, but keep serving Tampines Central residents

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