Corporate digest

Yanlord Land Group

MAINBOARD-LISTED Yanlord Land Group's subsidiary has bought a 30 per cent stake in a Suzhou housing project for 450 million yuan (S$89.4 million), the group said on Wednesday.

Yanlord added that the deal is not expected to have any material impact on its net tangible assets or earnings per share for the year to Dec 31.

OUE

BRIAN Riady, the son of OUE executive chairman Stephen Riady, has become chief executive of the group's hospitality division, according to a bourse filing on Wednesday.

OKP Holdings

THE legal case involving managing director Or Toh Wat, a subsidiary and two employees, has been adjourned to Nov 13, said the OKP Holdings board on Wednesday, after a pre-trial conference.

The authorities have brought charges over the fatal collapse of a Pan Island Expressway viaduct in July 2017.