THE following companies saw new developments that may affect trading of their securities on Friday (May 20):
Centurion: CENTURION Corp will acquire a 103-bed freehold student accommodation asset in Nottingham in the United Kingdom for £10.4 million (S$18 million), the mainboard-listed company said in a late-night bourse filing on Thursday (May 19).
The group expects the acquisition to enlarge its purpose-build student accommodation (PBSA) portfolio in the UK to 2,910 beds in 11 assets across 5 cities. This includes 5 assets in Manchester, 3 in Nottingham, and 1 each in Liverpool, Bristol and Newcastle.
FLCT: Frasers Logistics & Commercial Trust (FLCT) plans to acquire a fully-leased freehold suburban commercial property in Victoria, Australia for A$60.25 million (about S$58.4 million).
In a filing to the Singapore bourse on Thursday, FLCT said that the purchase price took into consideration an independent valuation of A$60.25 million conducted by consultancy CIVAS (VIC) as at April, 30, 2022. The deal is slated for completion on May 20.
Yeo Hiap Seng: BEVERAGE manufacturer Yeo Hiap Seng on Thursday (May 19) announced that its chief finance officer Chan Ying Jian, as well as its Malaysia, Indonesia and Brunei chief executive officer Jerson Go Uy have tendered their resignations.
Chan, whojoined Yeo’sin July last year, will leave the company on Aug 10. The mainboard-listed company said in a bourse filing that he will be leaving to pursue other career opportunities, and more details on his replacement will be provided soon.
PEC: ENGINEERING firm PEC has won new contracts totalling S$80 million for engineering, procurement and construction (EPC) as well as mechanical works across various projects in the energy and chemicals, and the floating production storage and offloading (FPSO) sectors.
Among them are S$50 million in contracts awarded to its unit, PEC Process Systems, to provide EPC and commissioning of oil, water and gas-handling packages.
Comments