Corporate digest

Chuan Hup Holdings

GB Building along Cecil Street in the Central Business District may be headed towards a collective-sale tender, according to a bourse filing by property developer Chuan Hup Holdings, whose subsidiary Provest Realty owns 3 floors in the commercial development.

The terms and conditions of the collective sale agreement and the method of apportionment of the sales proceeds have been approved, mainboard-listed Chuan Hup said.

Provest is among the consenting owners. At least 80 per cent of the unit owners have to consent before the marketing agent can launch a tender.

GB Building sits on a site with a 99-year leasehold tenure that started in October 1982. The 26-storey building comprises a retail podium, an office tower and a three-level basement car park.

Jumbo Group

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FOOD and beverage player Jumbo Group has opened its fourth Kok Kee Wonton Noodle stall in Singapore.

The new outlet is located in Ang Mo Kio. Jumbo said this expansion to the north-eastern region of the country is part of its plan to bring its day-to-day concepts to more accessible locations.

Since Kok Kee was acquired by Jumbo in December 2020, the group has extended the operating hours at the brand's flagship store along Foch Road and also opened three new outlets - including the latest in Ang Mo Kio - within five months of one another.

Oceanus Group

MAINBOARD-LISTED food-tech company Oceanus Group is extending its services platform with a new associate company, Aquarii, which will provide business advisory services and facilitate the entry of Singapore and international companies into Cambodia.

Separately, Oceanus has established a subsidiary, Oceanus Media Global (OMG), to consolidate the group's multimedia brands. As a creative media tech company, OMG will undertake real-time 3D set mapping, broadcast augmented reality, live-streaming, experiential markteing and virtual event activations, among its areas of expertise.

Oceanus exited the Singapore Exchange's watch list in September.

QT Vascular

THE independent chairman of QT Vascular's board, Amir Belson, will retire on Nov 1.

After spending about five years with the company, Belson, 58, is stepping down to "pave the way for board refreshment and to pursue his personal commitments in his private companies", the Catalist-listed firm said on Wednesday (Oct 13).

In another filing, QT Vascular announced the appointment of Momi Mimon Brosh, 54, as executive director starting Nov 1. He will be responsible for the US and Singapore operations of the group.

Dutech Holdings

DUTECH Holdings will be delisted from the Singapore bourse's mainboard on Oct 15, with effect from 9 am, following a privatisation bid from the company's chairman and chief executive officer (CEO).

The offeror's exercise of its right of compulsory acquisition is targeted to complete on Oct 14, Dutech said in a regulatory filing on Wednesday (Oct 13). The Singapore Exchange's approval for the delisting is conditional upon this completion, among other things.

The CEO had made a voluntary cash offer in May this year at S$0.40 per share. In July, the offer price was raised to S$0.435 per share.