LifeBrandz

LifeBrandz said that talks with potential partners to establish new restaurant outlets in Singapore and studies on other potential food-related opportunities will not be "materially affected", even as its executive chairman and chief executive, and an independent director have resigned.

This is because Ang Puak Huen, a director of LB F&B Sdn Bhd, a wholly-owned subsidiary of the group, has been leading the discussions and studies, LifeBrandz said in response to queries from the Singapore Exchange. Ms Ang was promoted to executive director and chief operating officer last month.

The group added that it shared the strategic plans with the new executive chairman and chief executive, Lam Siew Kee, prior to his joining the company on March 11.

As to Mr Lam's fit for the role, LifeBrandz said that despite his lack of prior experience as a listed company director, he has over 18 years of corporate finance experience in advising both public and private companies, and is familiar with SGX's listing rules and the duties and requirements of a listed company director.

EC World Reit

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EC World Reit Asset Management, the manager of the real estate investment trust (Reit), is waiving late rental payment penalties incurred by its master lessees, to the tune of S$11 million, which represents about 1.61 per cent of the Reit's net tangible assets as at Dec 31, 2020.

The manager noted that the Reit would be able to rely on security deposits for the properties to minimise any credit risk from the master lease agreements. Also, all rental receivables owed to the Reit by the master lessees as of Dec 31, 2020 have been paid up. Finally, it noted that the master lessees have been making rental payments periodically, allowing the Reit to be able to continue funding distributions to unitholders and satisfying financial covenants and obligations.

AMTD International

The company has established a joint venture with Nasdaq-listed 36Kr and Airstar Digital, a fintech subsidiary of Xiaomi, to provide professional services to "new economy companies and entrepreneurs".

The venture company, AK73 Capital, will offer strategic consulting, data analytics and insights, branding management, ecosystem building, and capital market services.