Intraco Extends Offer for Dynamic Colours INTRACO Limited Tuesday announced that it is extending its mandatory conditional cash offer for its listed associated company Dynamic Colours Limited (DCL), by another 14 days to close at 5.30 pm on 2 July 2013. The group said there will be no further extensions or any revisions to the...

Mencast Secures Contract from Keppel FELS Mencast Holdings Limited Monday announced that its wholly-owned subsidiary, Mencast Subsea Pte Ltd, was awarded a three year contract by Keppel FELS Limited for the provision of general underwater services. The contract will run from 1 January 2013 to 31 December 2015. It carries a one year option to...

First Ship Demands Redelivery of Vessels First Ship Lease Trust Limited Friday announced that the lessees of its two crude oil tankers, namely, Aqua and Action, have defaulted on their lease payments and FSLTM has today demanded the redelivery of these vessels. The Lessees are wholly –owned subsidiaries of Geden Holdings Ltd. First Ship Lease...

United Envirotech Sets up Medium Term Note Programme United Envirotech Limited Thursday announced that it has set up a US$300.0-million medium term note programme. Net proceeds would be used for refinancing of existing borrowings, making investments and/or acquisitions, general working capital and corporate purposes. Standard Chartered Bank has been appointed to act as arranger and...

Jaya to Sell Second Anchor Handling Tug Supply Vessel Jaya Holdings Limited Wednesday announced that it has reached an agreement to sell a second new anchor handling tug supply vessel, Jaya Sovereign, to Canadian company Atlantic Towing Ltd. The Jaya Sovereign is a sister ship of the Jaya Supreme, which has since been renamed the...

Medi-Flex Quarterly Profit Surges 233 Per cent Medi-Flex Limited Tuesday announced that for 3QFY2013, revenue increased 22.5 per cent to RM53.3 million from RM43.5 million, while net profit was up 30.8 per cent to RM5.1 million from RM3.9 million, compared to 2QFY2013. Year-on-year, it recorded revenue growth of 33.1 per cent from RM40 million and...

Keppel DHCS Secures S$80 million Worth of Contracts Keppel Corporation Limited Monday announced that Keppel DHCS Pte Ltd, an indirect wholly-owned subsidiary of Keppel Infrastructure Holdings Pte Ltd, was awarded the tender by JTC Corporation to design, build, own and operate a new district cooling systems (DCS) plant at JTC’s Multi-Utility Hub at Mediapolis. The...

Sembcorp Industries’ Solid Waste Arm Wins S$299 million Contract Sembcorp Industries Limited Friday announced that its solid waste management subsidiary, SembWaste, has been awarded a contract worth a total of S$299.0 million by the National Environment Agency (NEA) to provide refuse collection and recycling services to the City-Punggol sector of Singapore. Sembcorp is currently the...

CCM Raises S$4.048 million in New Shares CCM Group Limited raised a total of S$4.048 million for the placement of 44 million new ordinary shares, priced at S$0.092 each, to various individuals. The new shares represent approximately 25.7 per cent of the share capital of the group on an enlarged basis (excluding treasury shares). “This...

Frasers Receives Baa3 Rating Frasers Commercial Trust Limited Wednesday announced that Moody’s Investors Service (Moody’s) has assigned a corporate family rating of Baa3 to FCOT with a stable outlook. The rating of Baa3 represents an investment grade rating. This is the first time Moody’s has assigned a rating to FCOT. Advanced Holdings Limited closed Wednesday...

CCM Group’s Second Largest Shareholder Executes Moratorium on Shares Catalist-listed CCM Group Limited said Tuesday that Mr Chan Heng Fai Ambrose has executed a moratorium over the new placement shares by the group. The moratorium is for a period of 12 months from 4 June 2013. Chan has recently invested S$3.0 million in 35 million...

BreadTalk Unveils HQ BreadTalk Group Limited Monday unveiled its landmark International Headquarters (IHQ) at Paya Lebar iPark on Tai Seng Street. The S$64.08 million BreadTalk IHQ, which commenced construction in August 2011, is slated to open its doors on Tuesday, June 4. The IHQ’s level one will be an integrated F&B destination which will showcase...