THE following companies saw new developments that may affect trading of their securities on Wednesday (Jun 7).
Challenger: MAJORITY shareholders of consumer electronics retailer Challenger Technologies have raised their voluntary unconditional cash offer for the company to S$0.60 per share to take it private.
In a bourse filing on Tuesday (Jun 6), the offeror, Digitech Holding, said it would raise the cash offer by 7.1 per cent, or S$0.04 per share from the original offer price of S$0.56 that it proposed on May 30.
Digitech Holding does not intend to revise the final offer consideration.
Cortina Holdings: LUXURY watch retailer Cortina Holdings was recently subjected to a cybersecurity incident which gave a hacker unauthorised access to one of the group’s servers and encrypt its data.
In a bourse filing on Tuesday (Jun 6), the group said that investigations are currently ongoing.
While the group did not indicate when it discovered the intrusion, it said that it took immediate steps after it detected the intrusion, including isolating the affected server.
Singtel, ST Engineering: SINGTEL and SPTel, a joint venture between ST Engineering and SP Group, have submitted proposals to the Infocomm Media Development Authority (IMDA) to build nationwide, interoperable quantum-safe networks for businesses.
At the Asia Tech x Singapore Social event on Tuesday (Jun 6), Deputy Prime Minister Heng Swee Keat announced the launch of the National Quantum-Safe Network Plus (NQSN+), which is part of the Ministry of Communications and Information (MCI) and IMDA’s Digital Connectivity Blueprint.
He noted that that both the United Kingdom and Japan have laid out quantum computing strategies in March 2023 and April 2022 respectively.
Keppel DC Reit: THE manager of said Tuesday (Jun 6) that the filing for Chapter 11 bankruptcy protection in the US by Nasdaq-listed data centre operator Cyxtera will have “no material impact” on its distribution per unit (DPU).
“Cyxtera is our customer at GV7 Data Centre in London,” a Keppel DC Reit spokesperson said in response to queries by The Business Times.
“This asset accounts for less than 2 per cent of Keppel DC Reit’s assets under management and has no material impact to our DPU,” the spokesperson added.
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