Corporate digest

Delong Holdings

STEELMAKER Delong Holdings on Wednesday suspended the trading of its shares.

This comes after Delong chief executive officer Ding Liguo's revived offer for the mainboard-listed company closed on Tuesday evening, with the offeror and concert parties owning 98.75 per cent of the total number of shares. In July, Mr Ding relaunched his voluntary cash offer to take Delong private at S$7 per share via his vehicle Best Grace Holdings.

The group added on Wednesday evening that the Singapore Exchange has given the nod for its proposed delisting.

Keppel DC Reit

KEPPEL DC Reit will be included in the FTSE EPRA Nareit Global Developed Index with effect from Sept 23, 2019.

The index, developed by FTSE Russell in collaboration with the European Public Real Estate Association (EPRA) and the National Association of Real Estate Investment Trusts (Nareit), is designed to track the performance of listed real estate companies and real estate investment trusts worldwide.

Kim Heng Offshore & Marine Holdings

A wholly owned subsidiary of Kim Heng Offshore & Marine Holdings has secured another horizontal directional drilling contract, expected to commence in September 2019. The contract was awarded by a repeat customer following the successful completion of its first marine civil engineering contract.

The integrated offshore and marine value chain services provider said the project is expected to contribute positively to the group's earnings per share and net tangible asset for the financial year ending Dec 31, 2019.

Alpha Energy Holdings

Alpha Energy's S$21.1 million rights issue was oversubscribed. Valid acceptances and excess applications were received for a total of 134.22 per cent of the available 1.5 billion rights shares, as at the close of the rights issue on Sept 5.

The group expects the rights shares to be issued on Sept 12 and listed and quoted on the Catalist from 9am on Sept 13.