THE following companies saw new developments that may affect trading of their securities on Friday (Jun 17):
AEM Holdings: The provider of semiconductor and electronics testing solutions announced on Thursday that it is expanding its operations in Singapore, Malaysia and the US.
The company said the expansion will double its manufacturing space in the 3 countries and create over 300 additional jobs.
In Penang, Malaysia, AEM’s expansion will include a research and development (R&D) lab with a strong focus on delivering technologies and solutions for advanced, integrated semiconductor test needs.
AEM said it will double its headcount in Malaysia to support the expansion, including new roles for technicians, engineers, customer support group and supply chain management.
AEM’s expansion in the US will include R&D, prototyping and manufacturing in Arizona and California, while the expansion in Singapore will focus on R&D.
CFM: A subsidiary of metal stamping firm CFM Holdings on Thursday (Jun 16) said it is selling a property in Ang Mo Kio for S$13.35 million, a price that is nearly 73 per cent over the property’s book value as at end-December.
The property at 4 Ang Mo Kio Avenue 12 is currently owned by Cheong Fatt Holdings as part of its warehousing and logistics operations, according to exchange filings.
It is presently used as the group’s office and for warehousing and logistics, with some units and floors being subletted, the Catalist-listed company said.
QT Vascular: EASTERN Dental Centre, a 60 per cent-owned subsidiary of medtech company QT Vascular$ QT Vascular : 5I0 0%, has entered into conditional sale and purchase agreements (SPAs) to acquire the businesses of 3 Eastern Dental Surgery clinics for a total of S$1.3 million.
The three clinics are namely the branches at Jurong West, Bukit Batok and Jurong East, and collectively make up the Eastern Dental Surgery Group, the company said in a regulatory filing on Thursday (Mar 17) evening.
In terms of the breakdown of cost, the Jurong West branch cost S$472,500; the Bukit Batok branch was S$451,500, and the Jurong East branch's price was S$332,500.
Comments