Corporate digest

Mapletree Commercial Trust

MAPLETREE Commercial Trust (MCT) on Sunday said it is committed to providing the necessary rental and operating assistance to its retail tenants as Singapore tightens its Covid-19 measures till June 13.

Since the start of the pandemic, MCT has implemented support packages comprising more than S$70 million of rental rebates to help eligible retail tenants offset, on average, more than four months of fixed rent. This includes the passing on of property tax rebates, cash grants from the government and other mandated grants to qualifying tenants.

The counter last closed on Friday at S$1.98, down S$0.05 or 2.46 per cent.

ST Group Food Industries

ST Group Food Industries' joint venture partner Papparich Group Sdn Bhd (PGSB) was ordered by the High Court of Malaya on May 5 to wind up.

A winding-up petition dated May 15, 2020, was filed by Chen Khai Voon against PGSB.

Chan Siew Mei of KPMG Deal Advisory Sdn Bhd has been appointed as the liquidator.

PGSB is the group's joint venture partner in relation to Papparich Australia Pty Ltd, in which the group has a 50 per cent equity interest. It is not a subsidiary or an entity within the group.

The counter last closed flat on Friday at 13 Singapore cents.

Best World International

BEST World has got approval from the Accounting and Corporate Regulatory Authority of Singapore for a 120-day extension to hold its FY2020 annual general meeting (AGM) and to lodge its annual return for FY2020.

The company has to hold the AGM by Aug 28, 2021, and lodge the annual return by Sept 28.