Corporate digest
Geo Energy Resources
COAL mining group Geo Energy Resources has agreed to supply global commodities group Engelhart CTP (Singapore) with at least seven million tonnes of coal next year under an earlier-agreed offtake agreement. Geo Energy Resources will receive a prepayment of US$40 million for 2017 in conjunction with this supply. In July this year, the group secured a deal to supply Engelhart CTP for the entire lifespan of its wholly owned coal mine.
Cache Logistics Trust
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Chinese sellers go to TikTok school to reach buyers abroad
Gold prices set for weekly decline ahead of US inflation data
Huawei’s new phone sports latest version of made-in-China chip
Meta’s earnings flop sparks US$400 billion sell-off in tech stocks
Singapore shares open lower on Friday; STI down 0.1%
OUE wins tender to lease, develop new ‘zero-energy’ hotel at Changi Airport’s T2