SP Telecom to build alternative fibre network with intelligence capabilities

NETWORK infrastructure provider SP Telecom said on Tuesday that it plans to build a fibre network equipped with intelligence capabilities as an alternative to Singapore's network infrastructure.

OUE sells its 33% stake in GIC-backed Nuvest Capital to founder for US$1m

PROPERTY developer OUE has sold its 33 per cent stake in GIC-backed investment firm Nuvest Capital to the latter’s founder Aje Kumar Saigal for US$1 million.

Singapore shares decline at Tuesday's open; STI down 0.19% to 3,351.27

SINGAPORE stocks opened weaker on Tuesday, with the Straits Times Index moving down 0.19 per cent or 6.43 points to 3,351.27 as at 9.02am. 

Stocks to watch: LMIRT, Mapletree Industrial Trust, Frasers Commercial Trust, ST Engineering, Q&M

THE following companies saw new developments that may affect trading of their shares on Tuesday:

Frasers Commercial Trust's Q2 DPU flat at 2.40 Singapore cents

FRASERS Commercial Trust (FCOT) is maintaining a distribution of 2.40 Singapore cents per unit for its second quarter amid lower occupancy and higher property tax at Alexandra Technopark.

PUB serves Hyflux 30-day notice for takeover of Tuaspring desalination plant

THE Public Utilities Board (PUB) has issued a notice to debt-ridden Hyflux to take over its biggest asset, the Tuaspring desalination plant, and terminate the parties' water purchase agreement.

DeClout to delist from SGX on April 22 after buyout

CATALIST-LISTED DeClout on Wednesday said it will be delisting from the Singapore Exchange (SGX) with effect from 9.00am on April 22 after losing its free float via its recent Exeo Global buyout, slated to complete on April 18.

Singapore stocks: STI resumes Wednesday afternoon at 3,348.56, up 0.5% on day

SINGAPORE stocks edged up as trading resumed on Wednesday afternoon, with the Straits Times Index heading up 0.50 per cent or 16.52 points to 3,348.56 as at 1.01pm.

Thakral family unit gets enough acceptances for partial offer, but lacks sufficient shareholder approval

THAKRAL Corp's controlling family has received enough acceptances to fulfil a key condition for its partial offer for the company's shares, but still lacks sufficient shareholders' approval to complete its bid, according to filings released late on Tuesday.

Mapletree Logistics Trust: CWT has paid rents

MAPLETREE Logistics Trust (MLT) became the latest landlord to state that logistics provider CWT Pte Ltd, whose Hong Kong parent has failed to pay creditors, has not defaulted on its rental payments. 

Consortium led by Keppel unit bags S$52.5m JTC deal

JTC Corporation has awarded a S$52.5 million contract to a consortium consisting of Keppel Corp's unit Keppel Infrastructure Holdings and Asia Projects Engineering for a Jurong Island pipelines project, following an open tender.

Sunvic Chemical not granted further extension for FY2018 results; gets nod to hold AGM later

SUNVIC Chemical said on Tuesday that it has filed another application to the Singapore Exchange Securities Trading (SGX-ST) to delay announcing its fiscal 2018 results to April 22, from April 15.

MeGroup lands first Hyundai dealership, to use S$329,000 of IPO proceeds

CATALIST-LISTED MeGroup has snagged its first Hyundai dealership, with the rights to operate a Hyundai 3S (sales, service and spare parts) centre in Bandar Bukit Raja in Klang, Selangor, awarded by the make's official Malaysian distributor Hyundai-Sime Darby Motors.

Singapore stocks: STI resumes Tuesday afternoon at 3,331.58, up 0.17% on day

SINGAPORE stocks edged up as trading resumed on Tuesday afternoon, with the Straits Times Index heading up 0.17 per cent or 5.72 points to 3,331.58 as at 1.03pm.

Y Ventures: Independent auditor issues qualified opinion on JustNile inventories

THE independent auditor of Catalist-listed e-commerce firm Y Ventures has given a qualified opinion over the inventories of the group’s in-house home products brand JustNile.

Consortium led by Keppel Infrastructure unit bags S$52.5m Jurong Island pipelines project

JTC Corporation has awarded a S$52.5 million contract to a consortium consisting of Keppel Corp's unit Keppel Infrastructure Holdings and Asia Projects Engineering for a Jurong Island pipelines project, following an open tender.

Sunvic appoints EY Advisory to probe guarantees for 222.5m yuan loans

SUNVIC Chemical Holdings has appointed Ernst & Young Advisory as its external auditor to investigate corporate guarantees provided for loans amounting to some 222.5 million yuan (S$44.3 million).

Tritech selling specialist engineering unit to meet working capital requirements

CATALIST-LISTED Tritech Group, through TGL Engineering Group, is selling Presscrete Engineering, an indirect subsidiary, to Lim Wen Heng Construction to meet its working capital requirements.

Sunvic Chemical appoints external auditor to probe guarantees for loans worth 222.5m yuan

SUNVIC Chemical Holdings has appointed Ernst & Young Advisory as its external auditor to investigate corporate guarantees provided for loans amounting to some 222.5 million yuan (S$44.3 million).

DBS partners China's Sinosure for Belt and Road project push

DBS Group Holdings is partnering China Export & Credit Insurance Corporation (Sinosure) on projects under the Belt and Road Initiative (BRI), especially those from Asean.

SIA and Garuda expand codesharing to include Singapore-Jakarta flights

SINGAPORE Airlines (SIA) and Garuda Indonesia customers can now book flights on both airlines when travelling between Singapore and Jakarta, with an expanded codeshare agreement between the two carriers, SIA said on Monday. 

Singapore stocks: STI resumes Monday afternoon at 3,333.38, up 0.04% on day

SINGAPORE stocks edged up as trading resumed on Monday afternoon, with the Straits Times Index advancing 0.04 per cent or 1.4 points to 3,333.38 as at 1.01pm.

Tritech to sell specialist engineering unit to meet working capital requirements

CATALIST-LISTED Tritech Group, through TGL Engineering Group, is selling Presscrete Engineering, an indirect subsidiary, to Lim Wen Heng Construction to meet its working capital requirements.

Singapore shares rise at Monday's open; STI up 0.29% to 3,341.55

SINGAPORE stocks opened stronger on Monday, with the Straits Times Index advancing 0.29 per cent or 9.57 points to 3,341.55 as at 9.01am.

Stocks to watch: CapitaLand, UOL, ST Engineering, Heeton, YZJ Shipbuilding, NGSC

THE following companies saw new developments that may affect trading of their shares on Monday: