Corporate digest

Published Tue, Apr 20, 2021 · 05:50 AM

Nanofilm Technologies

MAINBOARD-LISTED Nanofilm Technologies has entered into a non-binding term sheet for a joint venture with Temasek to tap opportunities in the hydrogen energy economy.

Sydrogen Energy, the joint venture between the nanotechnology solutions provider and Temasek subsidiary Venezio Investments, will apply Nanofilm's advanced materials surface solutions to critical components in fuel cell and electrolyser systems.

This venture seeks to bring about a "tipping point" in the mass commercial adoption of the proprietary technology and fast-track the commercialisation of a wide range of fuel cell applications, Nanofilm said in a statement on Monday.

Nanofilm is expected to hold a majority stake in Sydrogen with board control, but the term sheet is not legally binding and subject to further negotiations between the parties.


Frasers Property

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FRASERS Property's subsidiaries in Australia have jointly obtained a A$300 million (S$309.1 million) five-year syndicated sustainability-linked loan from a syndicate of banks comprising Barclays, Mizuho and UOB.

The loan comes with an accordion option of A$25 million under the Loan Market Association's Sustainability Linked Loan Principles (2019).

Loan proceeds will be used to install distributed energy generation models at Rubix Connect Estate in Victoria and The Horsley Park Estate in New South Wales to deliver carbon-neutral electricity through on-site solar, battery storage and a biodiesel generator.


Hoe Leong

HOE Leong Corporation's three wholly-owned subsidiaries - Arkstar Offshore, Arkstar Voyager and Arkstar Unicorn - have been placed under creditors' voluntary liquidation, the company said in a bourse filing on Monday.

The subsidiaries have ceased their vessel-chartering business following the disposal of all vessels under the vessel chartering segment of the group.


Keppel Infrastructure Trust

KEPPEL Infrastructure Trust (KIT) saw a 15.6 per cent increase in operational cash flow in the first quarter, buoyed by strong year-on-year performance of infrastructure asset Ixom, as well as the trust's acquisition of Philippine Coastal Storage & Pipeline Corporation.

Operational cash flows stood at S$66.5 million for the first three months of the year, up from S$57.5 million in the same period last year, KIT said in an update on Monday.

Group earnings before interest, taxes, depreciation and amortisation (Ebitda) recorded a 0.2 per cent dip to 97.9 million in Q1 2021, down from 98.1 million in Q1 2020.

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