Corporate digest

FLCT

FRASERS Logistics & Commercial Asset Management, the manager of Frasers Logistics & Commercial Trust (FLCT), is currently in discussions for potential acquisitions of assets in the United Kingdom.

However, it has stated that there is no certainty or assurance that any transaction will arise from these discussions.

It was responding to a news article titled "Singaporean buyer leads £1 billion UK business park rush" published on Monday about a possible acquisition of a major office and logistics park in the Midlands.

The manager reviews acquisition opportunities to enhance unitholder value as part of FLCT's business and may from time to time enter into discussions with vendors for potential acquisitions of assets, it stated. An appropriate announcement will be made to the Singapore Exchange in the event there is any material development, the manager added.

Technics Oil and Gas

TECHNICS Oil and Gas and Singapore Knee, Sports and Orthopaedic Clinic have mutually agreed to terminate the agreement to transfer Technics' listing status on the mainboard to the latter.

After abolition of the listing transfer, the judicial manager (JM) of Technics from Deloitte & Touche said he is considering if there are any other suitable proposals that would achieve one or more of the purposes of judicial management.

Otherwise, noted the JM, the company would be headed for a winding-up, as well as delisting from SGX and Taipei Exchange. The JM did not offer any reasons for the abolition of the agreement.

Technics and Singapore Knee, Sports and Orthopaedic Clinic had entered into an agreement last March on the transfer of the listing status by way of a scheme of arrangement, which would see the price of S$3 million satisfied by the issue of new shares in the capital of Singapore Knee, Sports and Orthopaedic Clinic.

ComfortDelGro

COMFORTDELGRO (CDG) is committing S$50 million to clean energy technology and research over the next five years.

CDG will invest about S$10 million in the mobility-focused CDG-National University of Singapore Smart & Sustainable Mobility Living Lab.

The lab will focus on energy sustainability, integrated urban mobility as well as smart and intelligent mobility technologies. It will research, test and analyse mobility technologies to generate insights that could later be implemented in solutions for the mass market.

Further, CDG will seek to invest another S$40 million to replace its fleet of diesel buses with electric buses - which may be deployed to the NUS Kent Ridge Campus - as well as supporting infrastructure and mobility technologies.