Corporate digest

UOB

THE Sydney branch of UOB will issue A$750 million (S$748.6 million) in three-year senior unsecured floating-rate notes on Aug 17.

The bank said it received strong support from a domestic institutional investor base that included asset managers, bank treasuries and superannuation funds.

GHY Culture & Media

ENTERTAINMENT and content provider GHY Culture & Media saw net profit fall 73 per cent to S$3.5 million for the six months ended June, from S$13.0 million in the year-ago period.

Group revenue rose 18 per cent to S$43.8 million. While revenue from the production of television programmes and films almost doubled year on year, GHY's earnings took a hit due to an absence of revenue contribution from concerts.

Earnings per share stood at 0.32 Singapore cent, down from 1.43 cents in the year-ago period.

Straco Corporation

TOURISM attractions firm Straco Corp, which operates the Singapore Flyer, has received a notice from the collective sale committee (CSC) of International Plaza Singapore, where the company owns two office units.

The units, which are for Straco's own use, span a total of 4,218 square feet.

The indicative independent market valuation of the two units was around S$7.5 million, based on the CSC's information memorandum.

That is roughly quadruple the two units' total carrying value of close to S$1.9 million in Straco's H1 2021 unaudited financial statements.

Rex International

PETROCI Holding, Ivory Coast's national oil company, has filed a claim against two subsidiaries of Rex International, the fully-owned Rex Oman and the 86.37 per cent-owned Masirah Oil (MOL). The claim, which also names certain past and present MOL directors, arises out of the alleged conduct of MOL's affairs, which led to a dilution of Petroci's interest in MOL as a partner and minority shareholder.

Rex International's executive director and chairman, Dan Broström, said: "The company is of the view that the claims and allegations against Rex Oman and MOL are frivolous, baseless and unmeritorious."

Jiutian Chemical Group

JIUTIAN Chemical Group clocked a record half-yearly net profit of 160.3 million yuan (S$33.6 million), up 3.5 times from the 35.4 million yuan posted for the year-ago period. Group revenue rose 86.5 per cent year on year to 887.2 million yuan for the six months ended June 30, up from 475.7 million yuan.

Jiutian's chairman Han Lianguo attributed the growth to strong demand amid China's post-pandemic economic recovery.

Yoma Strategic

MAINBOARD-LISTED Yoma Strategic posted a 2.1 per cent growth in revenue to US$19.6 million for its third quarter ended June 2021, from US$19.2 million a year ago, boosted by strength in property sales.

However, Yoma warned that new measures implemented amid the third Covid-19 wave in Myanmar will likely have a "severe impact" on the group, especially in its food and beverage as well as motor segments.