Company Briefs

EMS proposes to go ahead with rights issue

EMS Energy is proposing to go ahead with its one-for-one rights issue of up to 740 million new shares despite calling off the purchase of International Offshore Equipments. The shares, priced at two cents each, could raise a maximum of $14.66 million if fully subscribed.

Singapore eDev sells 35% of Texas project

SINGAPORE eDevelopment has sold 140 lots or 35 per cent of its land development project in Texas for US$20.7 million.