Corporate digest

CNMC Goldmine Holdings

CATALIST-LISTED CNMC Goldmine Holdings on Thursday reported a significant increase in unmined silver, lead and zinc mineral resources at its Sokor gold field in Kelatan, Malaysia. This is according to an independent assessment of the group's mineral resources and ore reserves by Australian mining consulting firm, Optiro. CNMC owns an 81 per cent stake in the Sokor project.

The amount of silver estimated to be in the ground as at Dec 31, 2019 was 74 per cent more than the forecast a year ago. The estimate for lead rose 58 per cent, while that for zinc increased 84 per cent. Meanwhile, the estimate for gold fell about one per cent.

EC World Reit

EC WORLD Real Estate Investment Trust's (EC World Reit) on Friday said it would provide about 23.7 million yuan (S$4.8 million) in cash rental rebates to tenants within its portfolio to help them cushion the adverse impact of the current Covid-19 crisis. Key management personnel including its chief executive, chief investment officer and deputy chief financial officer will be taking a 10 per cent reduction in remuneration for the three months ending June 2020. Similarly, fees for board directors will also be reduced by 10 per cent for the same three-month period.

Perennial Holdings

PERENNIAL Treasury, a subsidiary of real-estate developer Perennial Real Estate Holdings, on Friday said it has secured a loan facility of S$250 million. The purpose of the loan, its parent company said, is to partially fund the repayment of the real estate developer's S$280 million, 4.55 per cent retail bonds, which are maturing on April 29. The remaining sum will be funded from internal resources, and the bonds will be fully redeemed.

LHT Holdings

LHT Holdings, a manufacturer of wooden boxes and pallets, on Friday said it has resumed operations in its manufacturing facilities in Malaysia. The company has successfully obtained conditional approval from the Malaysian Ministry of International Trade and Industry and the Malaysian Timber Industry Board to operate its manufacturing facilities, the company said.