In brief

Nam Cheong bags deals worth US$58m

NAM Cheong has won orders for two vessels totalling US$58 million, taking its current order book to RM1.7 billion (S$638.4 million), the shipbuilder said on Wednesday. The contracts are expected to contribute to earnings for 2015 and 2016.

GLP inks new China deals

GLOBAL Logistic Properties (GLP) has signed new agreements totalling 63,000 sqm with four customers in China. The customers, whom GLP did not name, are in the e-commerce, packaged foods, and pharmaceutical industries. Three are multi-location GLP customers in China.

A-Sonic Aerospace to consolidate shares

AEROSPACE engineering and logistics solutions provider A-Sonic Aerospace will be consolidating every four shares into one consolidated share, subject to shareholders' approval. This will be obtained at an extraordinary general meeting (EGM) to be convened.

Junma Tyre proposes voluntary delisting

CATALIST-listed Junma Tyre Cord Company is proposing a voluntary delisting, with Ultimative making an exit offer price of 20 Singapore cents - in cash - for all the 15,875,600 offer shares. Ultimative is a special purpose vehicle incorporated in the British Virgin Islands for the proposed exit offer. Its sole shareholder is Yang Cong, who currently owns a 0.86 per cent shareholding in Junma Tyre. Other parties acting in concert with Ultimative include Yang Cong's father and uncles.