The following companies saw new developments that may affect trading of their securities on Thursday (Jan 4):
Seatrium raises its secured green trade finance and sustainability-linked loans to over SGD 2bn ($1.5bn) following the receipt of its latest loan. Late last week it secured an SGD 500m committed revolving credit loan facility (RCF) arranged by DBS Bank, HSBC and Standard Chartered Bank.
Dyna-Mac has signed a share purchase agreement to acquire all the total issued and paid up share capital in Exterran Offshore, for a consideration of US$8.25 million, it said in a Wednesday (Jan 3) bourse filing. The aggregate cash consideration was decided mainly based on consideration of the land and building value.
EnGro Corporation has disposed of its entire 40% equity interest in joint venture (JV) Tangshan Tanglong Materials for RMB40.8 million ($7.6 million). On Jan 3, the company announced that the JV, which had an issued and paid-up share capital of RMB92 million, had been liquidated by way of members’ voluntary liquidation.
Trendlines Group expects to report a net loss of between US$25 million to US$30 million for its FY2023 ended Dec 31, 2023. In a profit warning issued on SGX on Jan 3, the company says the expected FY2023 net loss is due mainly to a decrease in portfolio value from write-downs and write-offs of certain portfolio companies which did not succeed in raising capital in 2023 or raised funds at lower valuations.
OUE Group has announced the successful completion of its $22 million asset enhancement initiatives (AEI) for Crowne Plaza Changi Airport (CPCA) on Jan 3. With the addition of a dozen guest rooms to a total of 575 rooms, a revamped all-day dining area and new meetings, incentives, conventions and exhibitions (MICE) spaces, OUE says CPCA is well-positioned to capitalise on the anticipated increase in tourists and business travellers in 2024 and beyond.
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