SIAS urges Hyflux to give equal treatment to holders of its perps

THE Securities Investors Association (Singapore) on Thursday called on Hyflux to consider according equal treatment to perpetual securities investors.

PropNex Realty, Diamond Electric team up to market electricity plans

PROPNEX Realty and Diamond Electric have entered a partnership to allow 7,000 of PropNex's salespersons to help market the energy provider's residential and business electricity plans. ...

Hyflux unit makes up 6.8% of rental income for ESR-Reit as at end-Q1

A UNIT of beleaguered water treatment firm Hyflux is a tenant at ESR Real Estate Investment Trust (ESR-Reit)'s property at 8 Tuas South Lane. But the Reit manager said in a Singapore Exchange announcement that it will likely continue to make rent throughout the reorganisation process...

Hatten Land in JV to launch new platform

CATALIST-listed property developer Hatten Land and proptech startup FundPlaces will form an 85:15 joint venture to operate what is supposedly South-east Asia's first hospitality blockchain platform for hotels and malls...

Hatten Land partners FundPlaces to launch blockchain platform for malls and hotels

CATALIST-listed property developer Hatten Land and proptech startup FundPlaces will form an 85:15 joint venture to operate a blockchain platform for hotels and malls.
MERGER

ESR-Reit and VIT merger could lead to more industrial Reit deals

WITH the proposed merger of ESR-Reit and Viva Industrial Trust (VIT) to create Singapore's fourth-largest industrial Reit, more mergers and acquisitions (M&As) in the industrial Reit space could be on the way, say analysts...
EN BLOC SALE

Chancery Court brings YTD tally to S$8.8b, topping 2017 figure

IT is barely halfway through the year, but with the sale of ex-HUDC Chancery Court on May 17, the collective sales market has busted the total collective sale figure for the whole of 2017.

SIA Engg board chairman to retire

NON-EXECUTIVE chairman of SIA Engineering Company (SIAEC)'s board Stephen Lee Ching Yen will retire at the conclusion of its July 19 annual general meeting (AGM), and will be succeeded by current deputy chairman Tang Kin Fei...

Koh Brothers Group net profit up 13% to S$1.2m; order book hits record

KOH Brothers Group is tendering for large-scale infrastructure projects here such as the North-South Corridor and the Kuala Lumpur-Singapore High Speed Rail.

70% of apartments released in New Futura Phase 2 sold

LUXURY condo New Futura has seen 21 of 30 units released over the weekend at its 60-unit North Tower snapped up at an average selling price of over S$3,500 per square foot (psf), City Developments Limited (CDL) said in a statement on Tuesday.

Aspen (Group) Holdings net profit increases 156.6% to RM13.1m

PROGRESS on on-going projects gave a lift to results for Malaysia-based property group Aspen (Group) Holdings in its first quarter.

Swee Hong Q3 net profit falls 89.1% to S$295,000

THIRD-QUARTER net profit for civil engineering group Swee Hong Limited plunged 89.1 per cent to S$295,000 from the previous year.

Yongnam Holdings Q1 net loss widens to S$4.6m

YONGNAM Holdings' net loss for its first quarter worsened to S$4.6 million, from a net loss of S$1.5 million in the previous year, the group said in a Singapore Exchange filing on Tuesday evening...

UOB-Kay Hian net profit jumps 30.3% to S$25.7 million on higher revenue

BETTER commission income and interest income gave a fillip to results for UOB-Kay Hian Holdings in its first quarter.

Fragrance Group's Q1 net profit jumps 57.7% to S$8.5 million

FIRST-QUARTER net profit for Fragrance Group shot up 57.7 per cent to S$8.5 million from the previous year.

Raffles Education Corporation's Q3 net loss widens to S$4 million

RAFFLES Education Corporation's third-quarter net loss worsened to S$4 million from S$3.7 million in the year-ago period...

SIAEC chairman Stephen Lee to retire; deputy chairman Tang Kin Fei to take over

NON-EXECUTIVE chairman of SIA Engineering Company (SIAEC)'s board Stephen Lee Ching Yen will retire after its July 19 annual general meeting (AGM), and will be succeeded by its current deputy chairman Tang Kin Fei...

CDL's New Futura sells 70% of Phase 2 units released since Friday at average of over S$3,500 psf

IN a matter of days, City Developments Limited (CDL) has seen 70 per cent or 21 of the 30 units that it released over the weekend for New Futura's second phase snapped up at an average selling price of over S$3,500 per square foot (psf)...

Koh Brothers Group's net profit rises 13% to S$1.2 m

DESPITE a revenue decline, Koh Brothers Group's net profit grew 13 per cent to S$1.2 million in its first quarter of 2018...

Sinarmas Land's Q1 profit falls 26.3% to S$28m

A REVENUE slide for Indonesian property developer Sinarmas Land in its first quarter caused its net profit to tumble 26.3 per cent to S$28 million from the preceding year's S$38 million...

Thomson Medical incurs S$6.5m loss in first quarter

THOMSON Medical Group, formerly known as Rowsley before a recent injection of healthcare assets, saw its net loss in Q1 2018 worsen to S$6.5 million, from a net loss of S$1.6 million for its real-estate business alone.

YuuZoo pushes for response from independent reviewer EY

YUUZOO Corporation is giving independent reviewer Ernst & Young Advisory (EY) a May 18 deadline to respond to the beleaguered online media company's 79 questions about EY's draft report...

Oceanus in the red with 8.4m yuan Q1 loss

SEAFOOD value chain manager Oceanus Group sunk into the red in the first quarter of 2018, posting a net loss of 8.4 million yuan (S$1.77 million), compared with net profit of 34.8 million yuan in the preceding year.

Yanlord's Q1 net profit declines 14.7%

CHINESE property developer Yanlord Land Group posted on Monday a net profit decline in its first quarter of 14.7 per cent to 797.1 million yuan (S$167.7 million), thanks to the higher profit recognition from projects with a larger attributable portion of non-controlling interest.

YuuZoo gives EY until May 18 to answer 79 questions on draft report; releases 3 findings from executive summary

YUUZOO Corporation said it is giving independent reviewer Ernst & Young Advisory (EY) a May 18 deadline to respond to the the beleaguered online media company's 79 questions about EY's draft report...