Corporate digest

Cosmosteel Holdings

COSMOSTEEL Holdings posted a 49.3 per cent drop in Q4 net profit to S$1 million on a 41.6 per cent decline in revenue to S$24.2 million. Earnings per share for Q4 were 0.37 Singapore cent, compared with 0.76 cent a year ago. The company declared a dividend per share of 0.50 cent.

Citic Envirotech

CITIC Envirotech is in advanced negotiations for projects valued at not less than RMB1 billion (about S$225 million) in water supply, waste water treatment and recycling. The proposed projects under negotiation involve investments under the public-private partnership, transfer-operate-transfer and built-operate-transfer schemes.

Sembcorp Marine

SEMBCORP Marine has won a floating storage offloading vessel construction contract from Modec. The contract marking its first newbuild FSO award involves the engineering, procurement, construction and commissioning for the project. Due for delivery in the first quarter, the FSO will be deployed at Maersk Oil's Culzean field in the UK North Sea.

Viva Industrial Trust

VIVA Industrial Trust's private placement of over 52 million shares at S$0.725 per unit was fully subscribed, raising gross proceeds of S$37.7 million. OCBC Bank acted as the sole financial adviser, lead manager and agent. VIT also announced its intention to declare an advanced distribution, estimated at 0.977-1.079 cents, for the period from Oct 1 to Nov 26, 2015.