Corporate digest

Broadway Industrial Group

IT IS in discussions with two prospects for possible merger and acquisition transactions as part of its ongoing strategic review.

Due to commercial sensitivity, details of the strategic review will be disclosed upon entry into definitive agreements with the potential partners, said the mainboard-listed precision manufacturer. Its board said the strategic review will help diversify the company's business, enhance long-term interests of the group and improve shareholder value.

Uni-Asia Group

A FIRE broke out at the construction site of Uni-Asia Group's office project in Hong Kong on Nov 28.

The project, in which Uni-Asia has a 2.5 per cent effective interest, was expected to be completed by 2020. The superstructure construction stage had commenced in October 2019 and it was anticipated that the presale activity could be launched by the first half of 2020 and the units delivered to the buyers by the first quarter of 2021.

The company is investigating the cause of the fire as well as assessing the extent of the damage and the impact on the project and its financial performance.

Casa Holdings

CASA reported a 29.9 per cent decline to S$2.5 million in earnings for the year ended September. Revenue dropped by 6.4 per cent to S$18.6 million.

Earnings per share came in at 1.29 Singapore cents from 1.84 cents for the year-ago period. No dividend was declared.