Sysma

Sysma to delist after voluntary conditional cash offer closes

THE voluntary conditional cash offer of S$0.168 per share to privatise Sysma Holdings closed on Thursday (Aug 3), with acceptances that will result in the offerer having garnered 94.2 per cent of the ...

The offeror will compulsorily acquire the shares of those who do not accept the offer if it manages to snag no fewer than 90 per cent of shares. Following this, the builder listed in 2012 will exit the Catalist board.

Reits & Property

Voluntary conditional cash offer for Sysma to close on Jul 20

THE voluntary conditional cash offer of S$0.168 per share from Sysma Holdings’ controlling shareholders will close on Jul 20.

The group attributed the losses in H1 in part to higher construction costs.

Companies & Markets

Sysma Holdings reverses into the red with S$2.7 million H1 loss

CONSTRUCTION services provider Sysma Holdings posted a net loss of S$2.7 million for the six months ended Jan 31, 2023, due in part to higher costs.

Startups

Waste management startup Blue Planet bags US$10m from Sysma

CONSTRUCTION and property development firm Sysma Holdings has invested US$10 million in Singapore-based Blue Planet Environmental Solutions.

Companies & Markets

Corporate digest

CATALIST-listed builder Sysma Holdings has won an S$18.6 million contract to build a two-storey Good Class Bungalow at 28, Jalan Kampong Chantek, off Dunearn Road.

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