Corporate digest

SP Group

SP Group has struck an agreement to provide Goldbell Group's commercial fleet with its electric vehicle (EV) charging solutions, both companies said on Friday.

The Singapore utilities provider will make its EV charging network available to Goldbell's customers and install EV charging infrastructure on Goldbell's customers' premises, where feasible.

Both companies also said they will explore a partnership for the leasing of commercial electric vehicles.

Sabana Reit

SABANA Real Estate Investment Trust (Reit) said it saw positive rental reversion of 3.1 per cent in the first quarter of this year.

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In an update for the quarter, the Reit manager also said its portfolio occupancy was higher on both a year-on-year and quarter-on-quarter basis.

Portfolio occupancy was 79 per cent at the end of March, up from 76.5 per cent at end-December and 77 per cent at end-March 2020.

Of the leases that expire this year, 57 per cent have either been renewed or have been replaced with new leases.

OIO Holdings

CATALIST-LISTED blockchain solutions provider OIO Holdings on Friday entered into an agreement with Moonstake founder Mitsuru Tezuka to acquire the staking provider for S$7.1 million.

The acquisition is expected to complete on May 31 or three business days after all conditions have been satisfied, whichever is later.

CEI Limited

ELECTRONICS services provider AEM Holdings is taking steps to delist contract manufacturer CEI from the Singapore Exchange, as the latter has lost the free float required to preserve its listing status. In a bourse filing on Friday, AEM said it now owns, controls or has agreed to acquire 91.4 per cent of CEI shares.

This comes after AEM launched a S$99.7 million buy-out bid for CEI in January. AEM plans to privatise CEI, but said it will continue developing the business and does not intend to introduce any major changes.