Corporate digest

GKE Corporation

THE integrated warehousing and logistics solutions provider has been granted a farm licence for its wholly-owned subsidiary GKE Agritech to grow and sell agricultural produce commercially in Singapore. GKE's unutilised office premise at 6 Pioneer Walk has been converted into a 2,400 sq ft indoor farm for cultivating kale. With this farm licence, GKE intends to gradually expand the current indoor cultivation area to 12,500 sq ft.

ST Engineering

SINGAPORE Technologies Engineering has raised the offer price for its proposed acquisition of all of New York-listed Cubic Corporation's outstanding stock to US$78 per share in cash, up from its previous US$76-a-share offer. The new offer represents a premium of 11.4 per cent over the US$70-per-share in cash proposal agreed to by Cubic with an affiliate of Veritas Capital and Evergreen Coast Capital Corporation, announced on Feb 8, 2021.

Yinda Infocomm

SINGAPORE Exchange Regulation (SGX RegCo) issued a "trade-with-caution" alert for Catalist-listed Yinda Infocomm on Tuesday, after its review showed that "a group of accounts appeared to be influencing the share prices" of the counter. SGX RegCo noted five corporate actions by Yinda where the volume-weighted average price (VWAP) of its shares was integral, and observed that "the same person acted as the introducer in all five of these announcements". Of the accounts that "appeared to be influencing the share prices of YIL", SGX RegCo said: "Our initial findings suggest that the individuals behind these accounts are likely connected to the introducer."