Singapore-listed Malaysian healthcare group IHH Healthcare's Q1 profit falls 88%

MALAYSIAN healthcare group IHH Healthcare Berhad saw its fiscal first-quarter profit shrink by 88 per cent to RM57.24 million (S$19.28 million) due to the absence of a one-off gain recorded a year ago from its RM313.4 million divestment of Apollo Hospitals.

IHH Healthcare's Q1 profit falls 88% to RM57.24m

MALAYSIAN healthcare group IHH Healthcare Berhad saw its fiscal first-quarter profit shrink by 88 per cent to RM57.24 million (S$19.28 million) due to the absence of a one-off gain recorded a year ago from its RM313.4 million divestment of Apollo Hospitals.

Leonie Gardens goes en bloc with S$800m reserve price

HUTTONS Asia announced it is launching Leonie Gardens for collective sale by tender with a reserve price of S$800 million. The reserve price translates to S$2,104 per square foot based on existing GFA (gross floor area), or S$2,021 per square foot per plot ratio (psf ppr) if a 10 per cent balcony...
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Vivo X21's future-proof fingerprinting

MANY gadgets pass through the review desk here at Gearhead, most of them interesting in their own way. But every now and then, a device will pop up which combines many features and attributes into a package which makes you put down your coffee cup, sit up a bit straighter, and give it more than...

Shanghai Turbo updates on legal tussle

GIVING updates on its legal tussle against former executive director Liu Ming, precision engineering group Shanghai Turbo said that on May 18, 2018, it had filed an appeal with the Court of Appeal against the High Court's May 14, 2018 decision concerning Liu's jurisdictional challenge...

Trek 2000's Henn Tan steps down as chairman, becomes the group's consultant

TREK 2000 announced late on Friday night that Henn Tan has stepped down from his positions in the company as chairman, chief executive and executive director, effective immediately.

Cortina Q4 profit more than doubles to S$7.8m on better sales margin, retail network expansion

LUXURY timepiece retailer Cortina Holdings clocked higher fiscal fourth-quarter profit of S$7.83 million, more than double from the previous corresponding period, largely due to higher revenue and better sales margins.

IHH Healthcare Q1 profit slides 88% on absence of one-off gain; extends acceptance period for Fortis offer to June 30

MALAYSIAN healthcare group IHH Healthcare Berhad saw its fiscal first-quarter profit shrink by 88 per cent to RM57.24 million (S$19.26 million) due to the absence of a one-off gain recorded a year ago from its RM313.4 million divestment of Apollo Hospitals.

ComfortDelGro terminates stake in Uber's Lion City, forges ahead with private hire plans

COMFORTDELGRO announced on Friday that it has terminated its agreement to take a 51 per cent stake in wholly-owned Uber subsidiary Lion City Holdings.

Leonie Gardens in District 9 goes en bloc with S$800m reserve price; Lakeside Apartments at S$240m

HUTTONS Asia announced it is launching Leonie Gardens for collective sale by tender with a reserve price of S$800 million.

Singapore the preferred location of future Asian LNG trading hub: Deloitte

SINGAPORE has carved out a wide lead over other nations as the preferred location of a future Asian liquefied natural gas (LNG) trading hub.

Boustead buys entire WhiteRock medical group for S$19m

BOUSTEAD Singapore announced on Thursday it has entered into a sale-and-purchase agreement with WhiteRock Medical Company (WhiteRock MedCo) to fully acquire WhiteRock Incorporation (WRI), a group of 16 healthcare corporations operating in Singapore, China, Hong Kong, Malaysia and Thailand, for S$19...

RHT Health Q4 DPU slips 5.4% to 1.06 Singapore cents

RHT Health Trust recorded 5.4 per cent lower DPU to 1.06 Singapore cents for its fiscal fourth quarter compared to the previous corresponding period.

SingHaiyi's Q4 profit slides 71% on increased cost of sales, absence of one-off gain

HIGHER cost of sales and the absence of a one-off gain in the previous period dented real estate company SingHaiyi Group's fiscal fourth-quarter profit, which fell 70.7 per cent to S$6.5 million from S$22.2 million a year ago...

Boustead pays S$19m for full acquisition of WhiteRock medical group

BOUSTEAD Singapore announced on Thursday it has entered into a sale and purchase agreement with WhiteRock Medical Company (WhiteRock MedCo) to fully acquire WhiteRock Incorporation (WRI), a group of 16 healthcare corporations operating in Singapore, China, Hong Kong, Malaysia and Thailand, for S$19...

ISOTeam clinches seven new contracts worth S$52.6m

CONSTRUCTION company ISOTeam has secured seven new contracts totalling S$52.58 million which it expects to complete between June 2018 and September 2019.

Yongnam JV wins S$553.8m LTA contract; part of future North-South Corridor

YONGNAM Holdings' joint venture with Leighton Asia has bagged a S$553.8 million Land Transport Authority contract for the design and construction of a part of the future North-South Corridor (NSC) project...

Midas defaults on interest payment on medium term notes; hires lawyer in dispute with former CEO

MIDAS Holdings announced on Wednesday evening that it is unable to pay the US$1.05 million in interest for each of its Series 003 and Series 004 multicurrency medium term note due May 23, 2018.

Global Yellow Pages units enter into New Zealand land acquisition, property sales

GLOBAL Yellow Pages (GYP) announced on Tuesday that wholly-owned subsidiary GYP Properties has entered into a conditional agreement for the sale and purchase of a freehold, 1.9905 hectare plot of land for NZ$6 million (S$5.57 million) in cash from vendor The Lakes International Golf Course in...

Samurai 2K Aerosol expects 'significantly higher' profit, revenue for FY2018

CATALIST-LISTED Samurai 2K Aerosol announced on Tuesday evening it expects "significantly higher" revenue and profit for fiscal 2018 due to stronger demand for its aerosol paint products compared to last year...

Citic Envirotech CEO to step down, succeeded by exec chairman

ENVIRONMENTAL engineering company Citic Envirotech announced on Tuesday that chief executive Lin Yucheng will step down on June 1, 2018.

YuuZoo's former chairman provides bond, gets passport back

FORMER YuuZoo chairman Thomas Zilliacus has provided a bond to report back to the Commercial Affairs Department (CAD) on June 4 to further assist in the CAD's investigation over the company's potential breach of the Securities and Futures Act...

Raffles Education partners CFLD International to set up educational hubs across South-east Asia

MAINBOARD-LISTED Raffles Education Corporation has signed a memorandum of understanding with CFLD International - part of China Fortune Land Development - to develop educational hubs across South-east Asia.

Raffles Education partners CFLD International to set up educational hubs in S-E Asia

MAINBOARD-LISTED Raffles Education Corporation has signed a memorandum of understanding with CFLD International - part of China Fortune Land Development - to develop educational hubs across South-east Asia.

The Hour Glass clocks moderate 2% FY18 profit rise; expects to remain profitable

LUXURY watch retailer The Hour Glass booked relatively flat profit for the full 2018 fiscal year, despite a one-off relocation expense pegged to its Australia operations.