Company Briefs
GLP inks 3 new China lease pacts
GLOBAL Logistic Properties (GLP) has signed three new lease agreements with three companies in China. Of the 44,000 sq m, 20,000 sq m was leased to a leading third-party logistics provider at GLP Park Yantian in Shenzhen; 13,000 sq m to a global electronics manufacturer at GLP Park Waigaoqiao in Shanghai; and 11,000 sq m to one of China's largest integrated IT services providers at GLP Park Daxing in Beijing.
HL Global added to SGX watch-list
HL GLOBAL Enterprises has been added to the Singapore Exchange (SGX) watch-list of loss-making companies from June 4, 2014 after three consecutive years of pre-tax losses. The company will need to take steps to meet SGX's listing requirements and submit an application to SGX within two years for its removal from the watchlist, failing which SGX may remove it from the official list or suspend trading in its shares.
Global Yellow Pages gets acquisition nod
GLOBAL Yellow Pages has received the green light from shareholders for its proposed A$35.6 million (S$41.4 million) acquisition of Gloria Jean's Coffees and "It's A Grind" global intellectual property rights, master franchisor business and global supply chain business. At the extraordinary general meeting held on Monday, shareholders also voted in favour of the renounceable, partially underwritten rights cum warrants issue and a proposed placement of up to 300 million new shares to Goubuli International Investment Pte Ltd.
KrisEnergy prices $130m notes due 2017
KRISENERGY has priced $130 million of Sing dollar notes due 2017 under its $500 million multi-currency medium-term notes programme. The notes, bearing an interest of 6.25 per cent payable semi-annually in arrears, have drawn strong demand.
