Corporate digest
Wilton Resources Corp
HIGHER operating and finance expenses sent Catalist-listed gold miner Wilton Resources deeper into the red for its fourth-quarter and full-year results. For the three months ended June 30, net loss came in at 24.7 billion rupiah (S$2.3 million), from a loss of 14.9 billion rupiah a year earlier. Revenue for the fourth quarter and the full year came in at 4.3 billion rupiah as the group reported the maiden sale of its gold dore in Q4.
UOB, Synagie Corp
UNITED Overseas Bank (UOB) is giving its small and medium-sized enterprise (SME) clients preferential access to the e-commerce solutions of newly listed Synagie Corp in a partnership between the two companies.
The new agreement will allow UOB's SME customers to manage their online sales channels more effectively for business growth, the two companies said.
The solutions under the deal include Synagie's Synagie.com, a cloud-based platform that enables businesses to integrate their sales and distribution in Singapore and Malaysia across multiple e-marketplaces such as Lazada, Qoo10 and Shopee, as well as offline channels, using a single dashboard.
Green Build Technology
GREEN Build Technology has signed an asset purchase agreement with Yea Eun Columbarium to buy niches in Yea Eun Columbarium in Seoul, South Korea, with a ballpark indicative value of S$5.6 million.
Green Build will issue to the vendor about 27.78 million new shares in the company amounting to S$5 million at S$0.18 each. The number of shares to be issued for the acquisition makes up about one-tenth of the company's enlarged share capital.
New Silkroutes
THE healthcare and energy firm reported its third straight year of pre-tax loss, and its latest six-month average daily market capitalisation as at Aug 28 is S$48 million, it said in a Singapore Exchange announcement on Wednesday.
Net loss in its fourth quarter deepened to US$2.7 million, from a net loss of US$1.0 million in the year-ago period, the group said in a Singapore Exchange filing on Wednesday evening.
For the three months ended June 30, revenue leapt 68.8 per cent to US$193.4 million from the previous year. Loss per share widened to 2.013 US cents, from a loss per share of 1.382 US cents in the preceding year.
