Corporate digest

Hiap Tong Corporation

THE crane specialist announced on Tuesday that its wholly owned subsidiary, Hiap Tong Crane & Transport, was awarded a five-year extension to a lifting services contract by oil and gas company ExxonMobil Asia Pacific. The extension has been in effect since Jan 1, 2018 and is similar to Hiap Tong's previous contract with the oil major, which ran between Jan 1, 2013 and Dec 31, 2017.

The contract will see Hiap Tong's subsidiary continuing to provide crane rental and lifting services work to ExxonMobil and its affiliates at ExxonMobil's Jurong Refinery, Pulau Ayer Chawan and Singapore Chemical Plant in Singapore.

HC Surgical Specialists

HC SURGICAL Specialists, which performs surgeries such as gastroscopies and colonoscopies, on Tuesday posted a jump in net profit for the first fiscal half year on stronger revenue. Net profit for the six months ended Nov 30, 2017 stood at S$2.92 million, compared to S$19,000 from the same period a year ago. The results reflect an 80 per cent jump in revenue to S$7.7 million.

Jason Holdings

FLOORING firm Jason Holdings Limited, which had earlier appealed the rejection of its request for a deadline extension to hold its annual general meeting (AGM), was on Monday given a final deadline of Feb 28, 2018 to hold its AGM and to lay the financial statements for the 2015 and 2016 financial years. If Jason Holdings fails to do so, the Accounting and Corporate Regulatory Authority (Acra) will proceed with enforcement action against the company, a position that will be final on the matter. The firm had on Nov 20, 2017 written to Acra to seek an extension of time to hold its AGM by April 30, 2018.