The following stocks may be in focus today:
Singapore Post has raised its total stake in Shenzhen 4PX Information Technology Co to about 36%. SingPost unit Quantium Solutions International purchased an additional 17.9% of equity in Shenzhen 4PX Information Technology Co for RMB 163.16 million ($35 million).
SIA Engineering Company says it will invest up to $50 million over the next few years on innovation initiatives and technology adoption projects in aerospace maintenance, repair and overhaul. The group will work with airlines, research institutes and technology partners to explore innovations and solutions in emerging technologies to better serve its airline customers, with the support of the Singapore Economic Development Board. It has also been appointed as a Rolls-Royce approved On-Wing Services provider within its Trent Service Network.
Wing Tai Holdings has set up a fund management unit called WT Fund Management. The fund manager seeks to invest in Asia Pacific through core and core-plus/value-add strategies, as well as through other investment options. Wing Tai Group will also commit equity alongside institutional investors.
Stratech Group says a court in South Korea has rendered judgement in favour of subsidiary Stratech System Limited in its case against Il Jin Hi-Tech to recover payment owned for work done and services rendered in a project. The court has ordered defendant Il Jin Hi-Tech to pay to Stratech System US$1.29 million ($1.8 million), with interest at the rate of 5% for the period of Aug 7 2013 to Feb 5 2016, and at the rate of 15% from Feb 5 2016 until full payment is made. The defendants will also have to bear 4/5 of the legal costs.
Challenger Technologies posted earnings of $18.2 million for FY2015, a 23% improvement over the earnings of $14.8 million in FY2014. Revenue dipped 1% to $352.2 million for the financial year to December, due to the lower retail revenue recognised in Singapore, and the absence of revenue from its retail operations in Malaysia which were closed in 2H2015.
Chip Eng Seng, a property and construction group, has decided not to proceed with the proposed spin-off of its subsidiaries that are engaged in the construction business. It arrived at the decision after taking into account numerous factors, such as prevailing market conditions, amongst others.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
Singapore Post has raised its total stake in Shenzhen 4PX Information Technology Co to about 36%. SingPost unit Quantium Solutions International purchased an additional 17.9% of equity in Shenzhen 4PX Information Technology Co for RMB 163.16 million ($35 million).
SIA Engineering Company says it will invest up to $50 million over the next few years on innovation initiatives and technology adoption projects in aerospace maintenance, repair and overhaul. The group will work with airlines, research institutes and technology partners to explore innovations and solutions in emerging technologies to better serve its airline customers, with the support of the Singapore Economic Development Board. It has also been appointed as a Rolls-Royce approved On-Wing Services provider within its Trent Service Network.
Wing Tai Holdings has set up a fund management unit called WT Fund Management. The fund manager seeks to invest in Asia Pacific through core and core-plus/value-add strategies, as well as through other investment options. Wing Tai Group will also commit equity alongside institutional investors.
Stratech Group says a court in South Korea has rendered judgement in favour of subsidiary Stratech System Limited in its case against Il Jin Hi-Tech to recover payment owned for work done and services rendered in a project. The court has ordered defendant Il Jin Hi-Tech to pay to Stratech System US$1.29 million ($1.8 million), with interest at the rate of 5% for the period of Aug 7 2013 to Feb 5 2016, and at the rate of 15% from Feb 5 2016 until full payment is made. The defendants will also have to bear 4/5 of the legal costs.
Challenger Technologies posted earnings of $18.2 million for FY2015, a 23% improvement over the earnings of $14.8 million in FY2014. Revenue dipped 1% to $352.2 million for the financial year to December, due to the lower retail revenue recognised in Singapore, and the absence of revenue from its retail operations in Malaysia which were closed in 2H2015.
Chip Eng Seng, a property and construction group, has decided not to proceed with the proposed spin-off of its subsidiaries that are engaged in the construction business. It arrived at the decision after taking into account numerous factors, such as prevailing market conditions, amongst others.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment