Corporate digest

Silkroad Nickel

CATALIST-LISTED Silkroad Nickel announced after trading hours on Thursday that, together with its subsidiary PT Teknik Alum Service (PT TAS), it has signed a binding definitive head of agreement with Renewable and Sustainable Energy Holding (R&S), PT Artabumi Sentra Industri (PT ASI) and PT Anugrah Tambang Smelter (PT ATSM) to form a joint venture to build and operate smelter facilities for the production of nickel pig iron (NPI) on the group's mine site in Sulawesi, Indonesia.

Eagle Hospitality Trust

AN audit of the Queen Mary lease agreement by the City of Long Beach's auditor will be commencing, in a bourse filing by Eagle Hospitality Trust (EHT).

The City of Long Beach indicated that an outside review of financial statements is a normal practice of good lease management. The upcoming audit of the Queen Mary's financials and lease compliance will be the sixth audit of the Queen Mary conducted by the office. The previous five audits were conducted while the Queen Mary was managed by a different operator.

Design Studio Group

MAINBOARD-LISTED Design Studio Group on Thursday said its chief executive Edgar Ramani has resigned with effect from Dec 4 to pursue other career opportunities, and director Steven Salo has been appointed interim CEO.

The announcement follows an earlier report on Thursday that Design Studio is taking an unsecured loan of up to 20 million dirhams (S$7.4 million) from Depa United Group.