Corporate digest
Hyflux
THE Securities Investors Association Singapore (Sias) will help form informal steering committees of noteholders and securityholders to help Hyflux engage with these stakeholders during a reorganisation exercise, Hyflux said. As it works towards a debt restructuring, Hyflux owes note- holders S$265 million. Another S$900 million is owed to perpetual and preference shareholders.
Noteholders and securityholders interested in joining the informal steering committees are to inform Sias by sending their contact details and details of their security via e-mail to admin@sias.org.sg or by phone (6227-2683) by 4pm on Aug 2.
Jardine Cycle & Carriage
JARDINE Cycle & Carriage's net profit for the six months ended June 30 fell 56 per cent year-on- year to US$174 million after accounting for net non-trading losses of US$240 million. Underlying profit, however, increased 10 per cent to US$414 million, while revenue also rose 10 per cent to US$9.19 billion. It declared an interim dividend of 18 US cents.
Thomson Medical Group
MAINBOARD-listed Thomson Me-dical Group has signed an agreement with IVI-RMA Global for a proposed joint venture that will see the two groups form Asia's leading assisted reproduction platform. The new JV will have its headquarters in Singapore.
Fortune Reit
HONG KONG-based Fortune Real Estate Investment Trust has announced a 3.2 per cent rise in its distribution per unit (DPU) for the six months ended June 30, 2018 to 26.34 HK cents. The Reit saw a 2.2 per cent rise in revenue to HK$978.1 million (S$169.69 million), while net property income rose 3 per cent to HK$748.6 million.
