ifs capital

IFS Capital, Tat Hong to explore crane leasing business tie-up in China

MAINBOARD-LISTED financing firm IFS Capital could offer leasing solutions with a focus on tower crane financing in China, under a non-binding memorandum of understanding (MOU) inked and disclosed on M...

ECICS gets credit rating downgrades from AM Best

ECICS gets credit rating downgrades from AM Best

RATING agency AM Best has downgraded the financial strength rating for ECICS (Singapore) to "B++" (good) from "A-" (excellent).

AM Best downgrades credit ratings for IFS Capital insurance unit

AM Best downgrades credit ratings for IFS Capital insurance unit

RATING agency AM Best has downgraded the financial strength rating for ECICS (Singapore) to "B++" (good) from "A-" (excellent).

Corporate digest

Corporate digest

TIONG Seng Holdings' subsidiary TSky (Jervois) has exercised its right to rescind the option to buy two freehold sites in Jervois Road - the necessary redevelopment approval for the sites was not gran...

Dymon Asia emerges as new substantial shareholder of IFS Capital, SMRT ceases to be one

Dymon Asia emerges as new substantial shareholder of IFS Capital, SMRT ceases to be one

DYMON Asia Capital Ltd has become a substantial shareholder of IFS Capital Limited, while SMRT has ceased to be one.

IFS Capital warns of Q3 loss due to loan losses, impairments

IFS Capital warns of Q3 loss due to loan losses, impairments

IFS Capital expects to report a net loss for its third quarter ending Sept 30 due to allowances for loan losses and impairments, the finance firm announced on Tuesday after the market closed.

Eugene Tan appointed new group CEO, director of IFS Capital

Eugene Tan appointed new group CEO, director of IFS Capital

IFS Capital said on Monday that Lee Soon Kie has resigned as the group chief executive officer and executive director of the company. He is also stepping down from his other directorships and appointm...

Stocks to watch: Sarine Technologies, Noble, Wilmar, IFS Capital, Transcorp

Stocks to watch: Sarine Technologies, Noble, Wilmar, IFS Capital, Transcorp

DIAMOND-MANUFACTURING equipment and technology supplier Sarine Technologies' Q4 FY14 net profit declined 12.8 per cent to US$3.89 million due to lower gross margin, higher operating expenses and incre...