Corporate digest
Halcyon Agri
NATURAL rubber supplier Halcyon Agri is buying yet another crumb rubber factory in Indonesia, this time in Bintan. The group said its Indonesian subsidiary PT Hok Tong has entered into a conditional share sale and purchase agreement with Global Key Holdings Ltd and Lydia Yuliaty Tandi to buy an 80 per cent stake in PT Pulau Bintan Djaya. The purchase consideration was not disclosed, but the 80 per cent stake has a net asset value of about US$0.6 million as at Dec 31 last year.
Low Keng Huat
CONSTRUCTION firm Low Keng Huat has reported a more than doubling in net profit for the third quarter on stronger margins.
Venture Corporation
FUND manager Schroders has been named as a substantial shareholder of Venture Corporation, as acquisitions on Dec 6 took the total deemed interest to 5 per cent from 4.99 per cent previously.
Healthway Medical Corporation
HEALTHWAY Medical Corporation, which operates clinics across Singapore, said on Friday that the independent report over any inappropriate extension of loans by the company and its subsidiaries is expected to be finalised in the first quarter of 2018.
Fu Yu Corporation
FU YU Corporation Limited intends to privatise its subsidiary, LCTH Corporation Berhad, through a selective capital repayment exercise valued at around RM61.3 million (S$20.3 million).
Advance SCT
THE Singapore Exchange has granted Advance SCT Limited an extension of up to 12 months to March 3, 2018 to meet listing requirements for the removal of the firm from the watch-list.
