Record S$96b long-term corporate debt issued in Singapore for 2018

A RECORD volume of S$96 billion in long-term corporate debt was issued in Singapore last year, up 7.8 per cent from the previous year, the Monetary Authority of Singapore (MAS) noted in its Singapore Corporate Debt Market Development 2019 report on Friday.

ST Engineering's marine arm sells vessel to Polish ferry operator

THE marine arm of ST Engineering has sold a Roll-on/Roll-off Passenger Vessel (ROPAX) to Polish ferry operator Polferries, the Mainboard-listed company announced in a bourse filing on Friday.

SGX queries Pine Capital on appointment of HK-based directors

THE Singapore Exchange (SGX) has queried Pine Capital on the company's decision to add two Hong Kong-based directors to its board, David Sarkis and Chan Wai Leung.

AVIC International unit bags 7.5m-euro contract for ferry project

DELTAMARIN, a unit of AVIC International Maritime Holdings Limited (AIMHL), has secured a 7.5 million-euro (S$11.4 million) contract from Finnish firm Rauma Marine Constructions (RMC) to provide services for an LNG-powered shuttle ferry. 

Swee Hong appoints Tian Yuan as new executive director

WATCH-LISTED Swee Hong has appointed Tian Yuan, head of a private construction company, as a new executive director on Friday. 

Record S$96b in long-term corporate debt issued in S'pore for 2018: MAS

A RECORD volume of S$96 billion in long-term corporate debt was issued in Singapore last year, up 7.8 per cent from the previous year, the Monetary Authority of Singapore (MAS) noted in its Singapore Corporate Debt Market Development 2019 report on Friday.

GKE posts Q1 net profit of S$254,000 on concrete plant contributions

LOGISTICS provider GKE Corp on Friday posted a net profit of S$254,000 for Q1 ended August, a reversal from the S$302,000 loss a year ago.

Libra Group receives letter of demand from UOB for US$18.8m

DISTRESSED Libra Group has received a letter of demand for US$18.8 million from UOB for outstanding banking facilities, the Catalist-listed company announced in a bourse filing on Friday. 

Hatten Land gains time extension to repay US$20m loan

CATALIST-LISTED Hatten Land has gained a time extension till Apr 10, 2020 to repay a US$20 million loan that matured on Thursday, with a partial US$2.5 million payment due by Jan 10, 2020. 

Dyson kills Singapore electric car project with closure of auto division

HOME appliance giant Dyson has scrapped its entire automotive division - including its plan for an electric car plant in Singapore, the British firm said on Thursday.

GCCP Resources inks agreement to buy palm oil grower in RTO deal

CRUSHED limestone producer GCCP Resources has entered a non-binding Memorandum of Understanding (MoU) to fully acquire an Indonesian palm oil producer for S$220.3 million, resulting in a reverse takeover (RTO) of the Catalist-listed firm.

Dyson drops Singapore electric car project, shuts automotive division

HOME appliance giant Dyson has scrapped its entire automotive division, including its plan for an electric car plant in Singapore, the British firm announced on Thursday.

Q&M to sell partial stake in associate Aidite for S$49m in net proceeds

DENTAL Group Q&M has agreed to sell a 36 per cent stake in its associate Aidite (Qinhuangdao) Technology for net proceeds of S$49 million, the Mainboard-listed company announced in a bourse filing on Thursday. 

GCCP inks agreement to acquire palm oil grower in RTO deal

CRUSHED limestone producer GCCP Resources has entered a non-binding Memorandum of Understanding (MoU) to fully acquire an Indonesian palm oil producer for S$220.3 million, resulting in a reverse takeover (RTO) of the Catalist-listed firm.

SGX queries Capital World on dilutive impact of loans

THE Singapore Exchange (SGX) has queried Catalist-listed Capital World on the sustainability of entering a cycle of loans with increasing interest rates and high arranger fees. 

USP Group appoints Chan Siew Wei as independent director

WATCH-LISTED USP Group has appointed accountant Chan Siew Wei as an independent director, the company announced in a bourse filing on Thursday after trading hours. 

Cheung Woh Technologies names new CEO as Q2 earnings slump 87%

LAW Kung Ying, the chief executive of Mainboard-listed Cheung Woh Technologies, will retire from the top job on Feb 28, 2020 due to health reasons. He will be replaced by his brother Law Kung Ming.

Transit-Mixed Concrete narrows H1 FY2019 losses to S$733,000

WATCH-LISTED Transit-Mixed Concrete saw losses from its continuing operations narrow 13 per cent to S$733,000 for H1 FY2019 ended August, amid continued challenges in the construction industry. 

Keppel DC Reit raises S$242.8m in gross proceeds from preferential offering

MAINBOARD-LISTED Keppel DC Reit has raised S$242.8 million in gross proceeds from its oversubscribed preferential offering, the company announced in a bourse filing on Wednesday. 

Zico Holdings to sell 2 offshore services units for at least US$3.9m

CATALIST-LISTED Zico Holdings has agreed to sell two of its corporate services subsidiaries to Mune Investments for at least US$3.9 million in cash, the company announced in a bourse filing on Wednesday. 

Fortress Minerals doubles Q2 net profit on stronger iron ore sales

CATALIST-LISTED Fortress Minerals saw earnings double to US$2.5 million for Q2 FY2020 ended August, bolstered by a higher sales volume and selling price of its high-grade iron ore. 

Duty Free Q2 earnings fall 60% on lower margins, weaker RM

MAINBOARD-LISTED Duty Free International (DFI) suffered a 60 per cent fall in earnings to RM4.9 million (S$1.6 million) for Q2 ended August, hit by a narrower profit margin and lower net gain in foreign exchange. 

Ellipsiz, Lum Chang JV buys 580,000 sqm Bintan land for S$4.8m

SUPER Makmur Sejahtera, a joint venture between Mainboard-listed Ellipsiz and Lum Chang Holdings, has purchased 580,000 square metres of land on Bintan island for S$4.8 million in cash, the companies announced in bourse filings on Wednesday. 

POSH to acquire SMM's stake in harbour services JV for US$679,000

MAINBOARD-LISTED PACC Offshore Services Holdings (POSH) has agreed to acquire the 50 per cent stake held by Sembcorp Marine (SMM) in harbour services provider Pacific Workboats Pte Ltd (PWPL) for over US$679,400 in cash.

Revenue from newly acquired units lifts HC Surgical's Q1 profit by 38%

CATALIST-LISTED HC Surgical Specialists enjoyed a 38 per cent rise in net profit to S$1.21 million for the first quarter, boosted by revenue from its newly acquired units. This translates to earnings per share of 0.81 Singapore cent, up from 0.59 cent a year earlier.