Corporate digest

Triyards

MAINBOARD-listed Triyards Holdings has clinched contracts worth US$20.64 million for the fabrication of two passenger ferries. The deals with two ferry operators were secured by Strategic Marine, a wholly owned subsidiary of Triyards.

Trek 2000 International

TREK 2000 International has entered into a sale and purchase agreement to sell its 19 per cent stake in Racer Technology to Racer's chief executive for S$3 million. The purchaser is Koh Kee Joo Willy, a shareholder, director and the CEO of Racer. The disposal is expected to result in a loss on d…