THE following companies saw new developments that may affect trading of their securities on Wednesday (Nov 16):
Keppel Corp: Sembcorp Marine inks revised agreement on merger with Keppel O&M; posts 3Q business updates.
In its latest 3QFY2022 ended September business update, Sembcorp Marine announce that it has signed a revised structure and terms of its proposed combination with Keppel Offshore and Marine (KOM).
The group previously announced on Apr 27 that it had entered into definitive agreements for the proposed combination. On Oct 27, the group entered into an amended and restated combination framework agreement with Keppel Corporation to effect the proposed combination via a direct acquisition of KOM by Sembcorp Marine with improved terms.
ST Engineering: SINGAPORE Technologies Engineering (ST Engineering) subsidiary TransCore has been awarded turnkey tolling system contracts in the US worth a total of S$1.47 billion.
The technology, defence and engineering group said in an announcement on Tuesday (Nov 15) that the contracts with the New Jersey Turnpike Authority (NJTA) and the South Jersey Transportation Authority (SJTA) will modernise the tolling infrastructure in New Jersey.
The NJTA project includes the design, installation, operation and maintenance of tolling systems on the 241 km Garden State Parkway and 209 km New Jersey Turnpike – two of the busiest toll roads in the US – for 10 years.
Bukit Sembawang: THE Urban Redevelopment Authority (URA) on Tuesday (Nov 15) awarded the tender for a 99-year leasehold site in Bukit Timah Link to Bukit One, a wholly-owned subsidiary of Bukit Sembawang Estates.
Of the five bids, Bukit One’s was the highest – S$200 million or S$14,457 per square metre (sq m) of gross floor area (GFA), said a URA document. The site was launched for tender on Aug 31 and closed on Nov 3.
The Bukit Timah Link land parcel is 4,611.1 sq m in size and can have a maximum GFA of 13,834 sq m. The building is to have a maximum of 20 storeys.
Delfi: CHOCOLATE maker Delfi on Tuesday (Nov 15) posted earnings before interest, taxes, depreciation and amortisation (Ebitda) of US$13.7 million for the third quarter ended Sep 30, more than doubling from its Ebitda of US$6.4 million in the corresponding year-ago period.
Revenue for the quarter rose 28.7 per cent to US$112 million, up from US$87 million the year before, on the back of improvements in Indonesia and regional markets. Revenue from Indonesia grew 31.9 per cent to US$70 million for the quarter, while revenue from regional markets climbed 23.9 per cent to US$42 million.
Second Chance: MAINBOARD-LISTED Second Chance Properties announced on Tuesday (Nov 15) that the Lew Foundation has exercised the option to purchase its Lucky Plaza units under subsidiary Better Chance Properties (BCP) for S$13.39 million.
The Lew Foundation was founded by businessman Lew Chee Beng.
The group disclosed in June that the potential buyer of the units, #01-56/57/58/59, was Lew and/or his nominee, and that he had been granted the option to purchase the units in the Orchard Road shopping mall for a total consideration of S$13.39 million.
Comments