SingTel’s Optus to Cut 750 Jobs Optus, the Australian unit of Singapore Telecommunications Limited, announced Wednesday that it will cut approximately 750 jobs in the coming months as part of the group’s restructuring efforts. The group said it will make a one-off charge of A$37.0 million (S$47.4 million) for the job cuts. “The majority of...

TCT Posts S$25.972-million Gross Revenue for 1Q2012 Treasury China Trust (TCT) Monday announced gross revenue of S$25.972 million for this year’s first quarter ending 31 March 2012 (1Q2012), up 33.5 per cent year-on-year. Net property income was S$15.985 million for 1Q2012, up 28.4 per cent from a year ago. Profit after tax registered S$8.009 million,...

Transpac Issues 53,166 New Shares at S$0.71 each Transpac Industrial Holdings Limited Friday announced the issue and allotment of an aggregate of 53,166 ordinary shares in the capital of the company, at the subscription price of S$0.71 each, pursuant to the exercise of 53,166 Series B Warrants. These new shares are listed and quoted on...

Bumitama Agri to Acquire Indonesian Unit Bumitama Agri Ltd Thursday announced that its subsidiary, PT Bumitama Gunajaya Agro (BGA), together with PT Karya Manunggal Sawitindo (KMS), an associate of the group’s controlling shareholders, Dr Lim Hariyanto Wijaya Sarwono and Mr Lim Gunawan Hariyanto (also a director of the company), on 25 April 2012 entered into...

Jardine Cycle & Carriage Revenue Up 19 Per cent in First Quarter Jardine Cycle & Carriage Ltd Wednesday reported that the group’s revenue increased by 19 per cent to US$5.5 billion in the first quarter of 2012. Profit attributable to shareholders grew by 6 per cent to US$266 million and earnings per share also rose...

SingXpress Land to Launch DBSS Public Housing Development Specialist housing developer SingXpress Land Ltd Tuesday announced that Pasir Ris One, a public housing development under the Design, Build and Sell Scheme (DBSS) in Singapore, will be unveiled on 27 April 2012. Pasir Ris One is being developed by SingXpress KayLim Pte Ltd, which is 80...

Marco Polo Marine Forms JV to Enter Bunkering Logistic Business Marco Polo Marine Limited announced Monday that it has entered into an agreement with Marine Tankers Holdings Pte Ltd (MTHPL) to forge a 50:50 joint venture company to penetrate bunkering logistic business in Singapore. For a start, the JV firm will own and operate two...

Transpac Issues 73,829 Ordinary Shares Transpac Industrial Holdings Limited Friday announced the issue and allotment of an aggregate of 73,829 ordinary shares in the capital of the company, at the subscription price of S$0.71 each, pursuant to the exercise of 73,829 Series B Warrants. These new shares will be listed and quoted on the Singapore...

Hotel Properties Proposes Issuance of Singapore-dollar-denominated Perpetual Capital Securities Hotel Properties Limited Thursday announced the appointment of DBS Bank Ltd and Standard Chartered Bank as joint lead managers and bookrunners to consider an issuance of Singapore-dollar-denominated perpetual capital securities. It said that subject to market conditions, the proposed transaction is expected to be launched following...

NOL Proposes Issuance of Singapore Dollar-denominated Senior Notes Neptune Orient Lines Limited (NOL) has mandated DBS Bank Ltd as global coordinator and DBS Bank Ltd, The Hongkong and Shanghai Banking Corporation Limited, Oversea-Chinese Banking Corporation Limited and Standard Chartered Bank as joint lead managers in respect of a proposed Regulation S offering of Singapore dollar-denominated...

United Envirotech Wins Wastewater Treatment Plant Project in Harbin, China United Envirotech Limited announced Tuesday that it has won the tender for a Transfer-Operate-Transfer (TOT) project in Shangzhi, Harbin City, Heilongjiang Province, China. The design capacity of the wastewater treatment plant is 40,000 cubic metres per day and it is expected to be operated in...

ASL Marine Clinches Shipbuilding Contracts Worth S$132.5 Shipbuilding group ASL Marine Holdings Limited announced Monday that it has secured contracts worth S$132.5 million for the construction of five vessels. The vessels comprised four 75-tonne bollard-pull Diesel Electric Hybrid Azimuth Stern Drive Tugs and one Platform Supply Vessel, scheduled for delivery between the fourth quarter of...