Corporate digest

Don Agro

Russian agricultural firm Don Agro is launching a pilot project to enter the global market for organic food, the Catalist-listed company said in an exchange filing on Thursday.

It is planning to expand its range of products to include organically cultivated wheat to capture growing consumer demand for organic alternatives, Don Agro said, adding that it has allocated an 11-ha plot to support this venture.

Frasers Hospitality Trust

The managers of Frasers Hospitality Trust have appointed Eu Chin Fen as chief executive of the managers with effect from April 10, according to an exchange filing on Thursday.

Ms Eu takes over from Colin Low, whose last day of service is April 9.

She is currently the chief investment officer of Frasers Hospitality International.

Mercurius Capital Investment

Auditors for investment-holding company Mercurius Capital Investment have flagged the existence of material uncertainties, which may cast significant doubt on the company's ability to continue as a going concern, according to an exchange filing on Thursday.

Nexia TS Public Accounting Corporation noted that Mercurius' subsidiary corporations had incurred a net loss of S$1.99 million for FY2020, adding that the company and its subsidiaries have net current liabilities of S$4.11 million and S$4.2 million respectively.

Yanlord Land Group

Chinese property developer Yanlord Land Group recorded 13.05 billion yuan (S$2.67 billion) in pre-sales in the Q1 from residential and commercial units and carparks, according to unaudited key operating figures the company released in an exchange filing on Thursday.

This represents an increase of 92.7 per cent compared to the corresponding period in 2020.

The presales were for a contracted gross floor area of 398,205 square metres, a 106.6 per cent growth from the same period last year.