Corporate digest

Nico Steel Holdings

THE mainboard-listed metal alloys specialist said on Wednesday morning that it has terminated an agreement for the issue of up to S$50 million

2 per cent redeemable convertible bonds due 2018 to the subscriber, Premier Equity Fund Sub Fund H.

CapitaLand Commercial Trust

HSBC, the sole tenant of the HSBC Building at 21 Collyer Quay, has signed a one-year lease extension with landlord CapitaLand Commercial Trust (CCT). The total rent to be paid by HSBC for the extended term commencing April 30, 2019 will be S$27.7 million. CCT said it is evaluating options for the property after April 2020, including refurbishment and re-letting, redevelopment and divestment.

Keppel Corporation

KEPPEL Corporation said that it has appointed Jean-François Manzoni as an independent director. The appointment will take effect on Oct 1. Prof Manzoni is President (Dean) and Nestlé Professor at the International Institute for Management Development in Switzerland, where he is based.

ESR-Reit

THE manager of ESR-Reit on Wednesday said that its chief financial officer Shane Hagan has resigned "to pursue his own interests". Mr Hagan will also step down from his post as

chief operating officer.

Mary Chia

BEAUTY treatment firm Mary Chia is facing "material uncertainty" over its ability to continue its operations, said its external auditor Foo Kon Tan in a regulatory filing on Wednesday. This comes as the company had incurred a post-tax loss of S$5.56 million, and net operating cash outflows of S$1.64 million for the fiscal year ended March 31, 2018.