Featured Archives • Page 1114 of 1190 • Financial News

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DLF buyout offer closes with 64% shares acquired

THE buyout offer for Catalist-listed DLF Holdings closed on Friday at 5.30pm, with valid acceptances amounting to 6.98 per cent of total issued shares received by the close.

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Yeo Hiap Seng Q3 net profit jumps to S$2.76m on absence of fair-value loss

MAINBOARD-LISTED drinks maker Yeo Hiap Seng saw a surge in third-quarter earnings on the back of narrower losses at associates and joint ventures, as well as the absence of fair-value losses on equity investments recognised in the year-ago period.

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AsiaPhos Chinese subsidiary’s ex-staff withdraw severance pay claims: board

CATALIST-LISTED Chinese phosphate miner AsiaPhos, which earlier this year saw a wholly owned subsidiary slapped by former employees’ claims for severance pay, said in a bourse filing on Friday that some of the claims have been voluntarily withdrawn.

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Venture Corp Q3 net profit rises 5.5%

NET profit for Venture Corp rose 5.5 per cent to S$85.2 million for the third quarter ended Sept 30, the electronics manufacturing services firm announced on Friday.

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Metro Holdings buys 20% of Australian property portfolio for A$95.8m

MAINBOARD-LISTED department store operator Metro Holdings, which also invests in real estate, has re-entered Australia with plans to take a minority stake in a property portfolio for A$95.8 million (S$89.5 million), under a joint venture agreement disclosed on Friday.

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Hiap Hoe Q3 net profit falls 82%

LOWER sales of development properties and higher expenses resulted in an 82 per cent dive in net profit for Hiap Hoe in the third quarter ended Sept 30, the property developer announced on Friday.

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CapitaLand sells HK serviced residence for HK$581.8m

MAINBOARD-LISTED CapitaLand has sold a serviced residence in Hong Kong for HK$581.8 million (S$101 million) to an unnamed third party, according to a bourse filing on Friday.

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POSH appoints Provenance Capital as independent financial adviser in Kuok cash offer

STRUGGLING offshore and marine services provider PACC Offshore Services Holdings (POSH) has named Provenance Capital the independent financial adviser to the independent directors in the buy-out offer from Malaysian tycoon Robert Kuok’s Kuok group of companies.

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United Industrial Corp Q3 earnings drop by 13.1% amid Marina Mandarin consolidation

MAINBOARD-LISTED developer United Industrial Corp (UIC) saw third-quarter earnings slip on higher costs and lower share of associates’ and joint ventures’ profits, amid the consolidation of revenue from the Marina Mandarin hotel complex that was bought out in April.

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UOB withdraws JM application, statutory demands against Hoe Leong

HEAVY equipment supplier Hoe Leong Corporation on Friday said that the Singapore High Court has granted leave for United Overseas Bank (UOB) to withdraw its application to place the firm under judicial management.

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