THE following companies saw new developments that may affect trading of their securities on Friday (Dec 15):
ST Engineering: ST ENGINEERING, through its subsidiary ST Engineering Marine, has won a contract from Singapore’s Ministry of Defence to upgrade the navy’s formidable-class frigates.
The value of the contract was not disclosed by the mainboard-listed company in its statement on Thursday (Dec 14).
The technology and engineering group will undertake the design and engineering of the frigate’s marine and electrical systems’ upgrades, including the ship management system and power generation system.
Dasin Retail Trust: DASIN Retail Trust Management, the trustee-manager of Dasin Retail Trust, will hold an extraordinary general meeting (EGM) by Jan 22, 2024 in relation to a requisition notice served by a group of 15 investors.
The requisition notice has to do with the investors’ plan to replace the current trustee-manager with a newly incorporated internal one. The new entity will be wholly owned by all unitholders of Dasin Retail Trust.
On behalf of this group, unitholder Tao Naiqun had said in the letter issued in November that the minority investors were seeking to convene an EGM to approve the internalisation “as a matter of urgency”.
Boustead Singapore: SHAREHOLDERS of Boustead Singapore on Thursday (Dec 14) voted overwhelmingly to acquire Boustead Projects shares belonging to the former’s chairman and group chief executive, Wong Fong Fui, and his children.
All three resolutions proposed at the extraordinary general meeting (EGM) garnered more than 90 per cent support from the independent shareholders who voted.
Boustead Singapore had in November finalised its unconditional cash exit offer for its real estate unit Boustead Projects at S$1.18 per share – 23.6 per cent higher than the latter’s last-traded price of S$0.955 prior to its trading suspension.
Sheffield Green: Sheffield Green has announced earnings of US$3.5 million ($4.6 million) for the FY2023 ended June 30, reversing its loss of US$0.2 million for FY2022.
The human resource services provider for the renewable energy industry closed its initial public offering (IPO) for 3.6 million shares at 25 cents apiece on Oct 26.
For the full-year period ended June 30, the company’s revenue increased by 255.4% y-o-y to US$27.6 million, driven by the strong growth in its human resource services business segment, which increased by 284.9% compared to the previous year.
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