Pacific Radiance spells out details of restructuring plan

OFFSHORE marine operator Pacific Radiance has shed light on a restructuring proposal that could usher in US$120 million of investment from potential investors by way of subscription of new ordinary shares.

Pacific Radiance spells out restructuring plan for new US$120m capital injection

OFFSHORE marine operator Pacific Radiance shed light on a restructuring proposal that could usher in US$120 million of investment from potential investors by way of subscription of new ordinary shares.

Midas Holdings says judicial manager for a Chinese unit acted beyond authority

BELEAGUERED railway-parts maker Midas Holdings said a judicial manager from Jilin Province Qiming Bankruptcy Liquidation Co Ltd has been appointed for one of its wholly-owned subsidiaries, Jilin Midas Aluminium Industries, but has acted beyond his authority.

Gaylin warns of net loss for Q4 and FY18 ending March 31

OFFSHORE and marine service company Gaylin Holdings said that the group is expected to record a net loss for the fourth quarter and 12 months ending March 31, 2018.

Yanlord acquires 51% stake in prime residential site in Nantong

YANLORD Land Group Limited has acquired 51 per cent stake in a company holding development rights to a prime residential development site in Central Innovation District of Nantong city in Jiangsu PrRovince, through an injection of about 21 million yuan (S$4.4 million).

Commodity trading hits new high of S$28b in 2017

COMMODITY trading hit a new high of S$28 billion in local business spending and hired more than 15,000 professionals last year, representing a 2.7 per cent compounded annual growth rate over the past five years.

Metro Holdings buys 35% of JV that's acquiring Shanghai mixed-use building

METRO Holdings Limited has acquired a 35 per cent stake in a joint venture that is investing into Shanghai Plaza, a mixed-use building in Shanghai worth 2.9 billion yuan (S$613 million).

SinoCloud unit signs letter of intent to buy Internet data centre in Jiangsu, China

A SUBSIDIARY of Singapore-listed SinoCloud Group has entered into a letter of intent to acquire an Internet data centre in Lianyungang, a Chinese city in north-eastern Jiangsu province.

IHH Healthcare extends acceptance period for its offer for India's Fortis to May 29

IHH Healthcare said that it has written to India's Fortis Healthcare, following the revised offer tabled by Manipal Hospitals on Monday, to seek clarity on whether there is a new bid process to be initiated by Fortis' board...

Singapore's commodity trading hits new S$28b high in local business spending

COMMODITY trading hit a new high of S$28 billion in local business spending and hired more than 15,000 professionals last year, representing a 2.7 per cent compounded annual growth rate over the past five years.

Commodity trading hits new S$28b high in local business spending

COMMODITY trading hit a new high of S$28 billion in local business spending and hired more than 15,000 professionals last year, representing a 2.7 per cent compounded annual growth rate over the past five years.

Metro takes 35% stake in joint venture to acquire mixed-use building in Shanghai

METRO Holdings Limited has acquired a 35 per cent stake in a joint venture that is investing in Shanghai Plaza, a mixed-use building in Shanghai worth 2.9 billion yuan (S$613 million).

Pacific Radiance to embark on schemes of arrangement

OFFSHORE marine operator Pacific Radiance is planning to pursue restructuring by way of schemes of arrangement to gain some breathing space from looming legal proceedings.

Surbana Jurong, CAI clinch projects in India's Pune Metropolitan Region

TEMASEK-OWNED Surbana Jurong said it will be providing the masterplan for the fast-growing Pune Metropolitan Region in the state of Maharashtra in western India.
EN BLOC SALE

Two more District 9 sites launched for collective sale

TWO freehold developments in the prestigious Cairnhill enclave of prime District 9, completed in the 1980s, have been launched for collective sale through public tender.

OKP group MD, employees charged for worksite accident

OKP Holdings' wholly owned subsidiary Or Kim Peow Contractors, group managing director Or Toh Wat, and employees Allen Yee and Wong Kiew Hai have been charged for alleged offences arising from a work-site accident in July last year...

SPH ties up with China's Focus Media in JV

SINGAPORE Press Holdings (SPH) and China's Focus Media Holding (FMH), a pioneer in flat-panel displays at the elevator lobbies, have entered into a partnership to form a joint venture (JV) company in Singapore. ...

Pacific Radiance to pursue schemes of arrangement

OFFSHORE marine operator Pacific Radiance is planning to pursue restructuring by way of schemes of arrangement to gain some breathing space from looming legal proceedings.

Surbana Jurong to provide masterplan for India's Maharashtra state

TEMASEK-OWNED Surbana Jurong said it will be providing the masterplan for the fast-growing Pune Metropolitan Region in the state of Maharashtra in western India.

Owners of Trendale Tower in prime Cairnhill enclave asking for S$163.5m in collective sale

ANOTHER residential development in the prime Cairnhill enclave of District 9 has been put up by its owners for collective sale.
HOCK LOCK SIEW

Will Oxley pull off its property launch blitz?

HAVING made a splash overseas by developing the Royal Wharf project in the UK at unprecedented speed, Oxley Holdings looks ready to set a new precedent - this time in its home market. If things go according to plans, it would be the first developer to launch close to 4,000 residential units in one...

UOL Q1 profit down 8%; group launching Amber45 this weekend at S$2,200 psf

UOL Group, which is launching its freehold residential project Amber45 this weekend at an average price of above S$2,200 per square foot (psf), said its net profit for the first quarter ended March 31 fell 8 per cent to S$73.82 million.

UOL Group's Q1 profit dips 8%

UOL Group, which is slated to launch its boutique freehold project, Amber45, this weekend, said its net profit for the first quarter ended March 31 fell 8 per cent to S$73.82 million.

Frasers Property enjoys 74.2% surge in Q2 profit

CONTRIBUTIONS from overseas acquisitions and development profits in Singapore fuelled a 74.2 per cent surge in net profit for Frasers Property Limited (FPL) to S$124.1 million in the second-quarter ended March 31.

Buyers with HDB addresses acquiring taste for pricier condos

HDB dwellers appear to be acquiring an appetite for pricier homes in recent years, with a caveats analysis by OrangeTee & Tie showing that the increase was led by luxury home purchases worth at least S$5 million.