Corporate digest

SIIC Environment

SIIC Environment has received in-principal approval from the Stock Exchange of Hong Kong for a dual primary listing in the Chinese territory. Trading in Hong Kong is expected to begin on March 23. SIIC, a water and waste treatment company, has appointed Credit Suisse Securities as designated dealer and Haitong International Securities as alternate designated dealer to implement the bridging arrangements for migrating shares to Hong Kong.

Singapore Press Holdings

SINGAPORE Press Holdings (SPH) and Singapore Polytechnic (SP) on Friday announced a collaboration between the former's multimedia content marketing unit, SPH Content Lab, and students taking SP's Diploma in Media and Communication (DMC). With this tie-up, SPH's Content Lab and DMC students will co-create video content for millennials, by millennials. The video series will also provide a new medium for SPH advertisers and agency clients. The content to be created will specifically be in the fashion and beauty space.

Golden Energy and Resources

FULL-YEAR net profit for Golden Energy and Resources rose 186.1 per cent to US$62.95 million as revenue almost doubled on robust sales from the group's coal mining and trading divisions. Revenue for the 12 months ended Dec 31, 2017 surged 94.2 per cent to hit a record US$763.81 million.

Jumbo Group

JUMBO Group on Friday announced that it has signed a joint venture agreement with Kang Wang Holdings, a wholly owned subsidiary of the Hong Kong listed Tsui Wah Holdings, to work on expanding the Hong Kong-style Cha Chaan Teng under the Tsui Wah brand into Singapore. The joint venture company will be a 49:51 joint venture between a Jumbo subsidiary and Kang Wang. The introduction of Tsui Wah into Singapore will be the brand's first entry into the South-east Asian consumer market.

Hwa Hong

PROPERTY company Hwa Hong Corporation on Friday said that it has acquired a 50 per cent stake in investment holding firm Loman Holdings (LHL) for £50 (S$91). LHL owns property investment firm Capital Loman, which has signed an agreement with an unrelated third party, Good Harvest Group, to buy a freehold property at 46 Loman Street, London, for £14.85 million following an open market sales process. The acquisition is expected to be completed by end-March 2018.