THE following companies saw new developments that may affect trading of their securities on Friday (Jan 6):
Sheng Siong: Supermarket operator Sheng Siong Group announced that its subsidiary, Sheng Siong (China) Supermarket on Dec 8, 2022, entered into a lease agreement with Yunnan Bi Yu Real Estate for a retail space of approximately 31,162 sq ft at Bi Gui Yuan Yingxiang North City 2nd Phase, Gu Yu Yuan VI Zone, B1, Intersection of Linyu Road and Tongyuan Road, Panlong District, Kunming City, Yunnan Province, China.
The new store is expected to be operational before the end of 2Q2023. This will bring the group’s store-count to 67 in Singapore and 5 in China. This new store is not expected to have a significant impact on the group’s financial performance for the financial year ended Dec 31, 2022.
China Everbright: ENVIRONMENTAL services company China Everbright Water has secured its first municipal-level sludge disposal project.
This is after it implemented sludge treatment facilities within waste water treatment projects in recent years.
On Thursday (Jan 5), China Everbright said it expects the project to command an investment of some 186 million yuan (S$36.3 million).
Creative Technology: Sim Wong Hoo, the founder, chairman and CEO of Creative Technology, has died on Jan 4.
“Mr Sim has played an instrumental role in developing the business and has provided the company with strong leadership and vision,” says Creative Technology in its announcement.
Under Sim’s tenure, Creative Technology became famous for its Sound Blaster sound cards and became a worldwide leader in digital entertainment products including the Creative Zen portable media players.