Corporate digest (Amended)

Tiger Airways

TIGER Airways Holdings will be delisted from the Singapore Exchange mainboard on Tuesday following the redemption and cancellation of all outstanding securities. The budget carrier, whose delisting follows its privatisation by Singapore Airlines, said it has fully redeemed the S$219.7 million 2 per cent perpetual convertible capital securities as at Nov 7. The securities have thereafter been cancelled.

Tat Hong Holdings

CRANE rental firm Tat Hong Holdings is expected to report a loss for its Q2 ended Sep 30, according to a filing to the SGX. The group said this is due to challenging market conditions in Singapore and Australia. However, it is expected to record a strong cash and cash equivalent balance as at Sept 30. Tat Hong is due to disclose its financial statements on or around Nov 14.

Wong Fong Industries

WONG Fong Academy Pte Ltd (WFA) has been appointed as a public training organisation under the workforce skills qualifications framework for construction sector. The appointment by Skills Future Singapore allows WFA to conduct new courses for a period of five years. WFA currently conducts 10 workforce skills qualification courses relating to, among others, the operation of industrial equipment, risk management, implementation and supervision of safe lifting operations.

Eucon Holdings

EUCON Holdings widened its Q3 FY16 net loss by 40 per cent to S$5.07 million. Revenue rose 23 per cent to S$14.17 million but gross margin plunged to negative 17.3 per cent from negative 4 per cent. Loss per share for Q3 was 0.89 Singapore cents compared to 0.64 per cents.

Bowsprit Capital Corporation

BOWSPRIT Capital Corp, the manager of First Real Estate Investment Trust (First Reit) said a conditional sale and purchase agreement was entered through an indirect wholly-owned subsidiary of the Reit in Indonesia for the acquisition of Siloam Hospitals Labuan Bajo at S$20 million. Bowsprit projected a rental yield of 9.25 per cent with expected annual initial base rent of S$1.85 million from a master lease to be granted over Siloam Hospital.

China Star Food Group

CHINA Star Food Group was back in the black with a profit net of tax of 17.07 million Chinese yuan (S$3.5 million) for Q2, a reversal from a loss of 50.30 million yuan from last year. Revenue was up by 13.3 per cent to 120.72 million yuan. Earnings per share was 6.71 fen compared to a loss per share of 23.85 fen last year.

Amendment Note: The company name in paragraph six was corrected from C Star Food Group to China Star Food Group. We apologise for the error.