Corporate digest

Keppel Corporation

KEPPEL'S asset management arm Keppel Capital has secured an aggregate of US$600 million of separate managed accounts (SMAs) from international financial institutions, the conglomerate said in a bourse filing on Tuesday.

The SMAs, which focus on global infrastructure projects with long-term utility-like contracted cash flows, will "ride on opportunities arising from the increasing trend of infrastructure investments", Keppel said.

The group expects the deals will not have any material impact on the earnings per share and net tangible assets per share of Keppel for the current financial year.

HC Surgical

CATALIST-LISTED medical services provider HC Surgical Specialists has doubled its dividend, citing uplift from demand for colorectal procedures.

Second-half net profit was up by 64.7 per cent year on year to S$3.0 million for the six months to May 31, 2021, according to unaudited financial statements released on Tuesday.

That's as revenue rose 78.0 per cent to S$12.4 million, which the group attributed to an increase in patients after the end of the year-ago "circuit breaker" semi-lockdown.

Earnings per share stood at 2.02 Singapore cents for the half-year, up from 1.21 cents before. Net asset value was 6.6 cents a share, against 10.81 cents as at May 31, 2020.

MC Payment

CATALIST-LISTED MC Payment on Tuesday named Tan Chee Keong its new managing director, less than a month after he joined as non-executive independent director on June 30.

Mr Tan was among the new directors proposed by controlling shareholder Ching Chiat Kwong, the chairman of MC Payment and also chairman and chief executive of Oxley Holdings.

Meanwhile, Tee International chief financial officer (CFO) Ng Kok Peng - who was financial controller of Oxley from 2010 to 2014, before stints at Ley Choon Group Holdings and KTL Global - becomes CFO of MC Payment on Aug 19, the board announced.

Oxley Holdings

REAL estate developer Oxley Holdings on Tuesday announced that it obtained temporary occupation permits (TOP) for two more Singapore residential development projects, Sea Pavilion Residences and Sixteen35 Residences, last month.

Including private condominium The Addition, which obtained its TOP in April, three out of the group's 10 residential development projects in Singapore have obtained TOP.