No deal for Keppel: Mixed views on what this means for O&M consolidation

IN A twist that caught many off-guard, Temasek is pulling out of its S$4 billion partial offer for Keppel Corp, after the latter breached a key term of the deal with a S$697.6 million net loss for the second quarter ended June.

Tuan Sing to divest Robinson Point for S$500m

PROPERTY developer Tuan Sing Holdings is proposing to divest Robinson Point for S$500 million, the mainboard-listed firm announced in a bourse filing on Friday night.

Pan Pacific to contribute 25,000 free hotel stays to healthcare workers

PAN Pacific Hotels Group will provide 25,000 room nights in complimentary hotel stays to healthcare workers, to honour their contributions in fighting the Covid-19 pandemic.

Top Glove to pay RM53m to migrant workers to resolve US ban

MALAYSIAN glove maker Top Glove expects to pay about RM53 million (S$17.3 million) in remediation fees to migrant workers it employed before it implemented a new standard for ethical recruitment in January 2019.

Tuan Sing to divest Robinson Point for S$500m

PROPERTY developer Tuan Sing Holdings is proposing to divest Robinson Point for S$500 million, the mainboard-listed firm announced in a bourse filing.

Wilmar’s YKA forecasts 4-4.6b yuan profit for 9M FY2020

YIHAI Kerry Arawana (YKA), the Chinese unit of Wilmar International that is pursuing an initial public offering (IPO), expects to post a profit of between four billion yuan (S$788 million) and 4.6 billion yuan for the nine months ended September (9M FY2020).

Temasek will not proceed with partial offer for Keppel

TEMASEK will not proceed with its pre-conditional S$4 billion partial offer for Keppel Corp, which breached a key term of the deal after posting a S$697.6 million net loss for the second quarter ended June.

QAF's H1 profit jumps 13 times to S$28.2 million

THE dough has risen for QAF, the maker of Gardenia bread, as its net profit multiplied 13 times on-year to S$28.2 million for the six months ended June.

Venture raises interim dividend despite 28.2% fall in H1 profit

MAINBOARD-LISTED Venture Corp posted a 28.2 per cent fall in net profit to S$130.5 million for the six months ended June, as some customers pushed back orders amid the Covid-19 pandemic.

KS Energy defends suitability of Kris Wiluan to remain CEO, chairman

OFFSHORE and marine firm KS Energy is standing by the suitability of Indonesian tycoon Kris Wiluan to remain its executive chairman and chief executive officer, even as he faces 112 charges of alleged false trading and market rigging of his company’s shares.

EC World Reit’s Q2 DPU down 10.4% on income conservation

EC World Reit, commonly seen as a proxy to China’s e-commerce logistics growth, posted a distribution per unit (DPU) of 1.386 Singapore cents for Q2 ended June, down 10.4 per cent from a year ago on income retention amid a cautious outlook.

Hong Leong Finance posts 30.5% fall in H1 earnings, cuts interim dividend

HONG Leong Finance, the financial services arm of Hong Leong Group, had a 30.5 per cent fall in net profit to S$36.5 million for the half-year ended June, due to greater allowances for loans, in response to the risks of Covid-19.

Yeo Hiap Seng sinks into red for H1, cites Covid-19 impact

BEVERAGE maker Yeo Hiap Seng (YHS) posted a net loss of S$6.73 million for the six months ended June, reversing a net profit of S$14.6 million a year ago. The heritage brand cited the Covid-19 pandemic as the key reason for the red ink.

QAF multiplies H1 earnings 13 times to S$28.2 million

WITH a pandemic-fuelled bread boom, QAF, the maker of Gardenia bread, has multiplied its net profit 13 times on-year to S$28.2 million for the six months ended June.

Darco unit withdraws from proposed purchase of Canwaco; requests US$1m refund

THE Vietnamese subsidiary of Darco Water Technologies is pulling out of its proposed acquisition of a 90 per cent stake in Can Giuoc Water Works Limited (Canwaco), the mainboard-listed firm announced in a Friday bourse filing.

Venture’s H1 net profit down 28.2%; interim dividend raised

MAINBOARD-LISTED Venture Corp posted a 28.2 per cent fall in net profit to S$130.5 million for the six months ended June, as some customers pushed back orders amid the Covid-19 pandemic.

Asian Pay TV Trust’s Q2 net profit down 32.5% on higher costs

MAINBOARD-LISTED Asian Pay TV Trust recorded a 32.5 per cent drop in net profit to S$4.74 million for Q2 FY2020 ended June, amid an increase in operating costs and stiff pricing competition.

MUFG Bank and Israeli fintech to launch startup financing joint venture in Singapore

JAPAN’S MUFG Bank is set to launch a joint venture (JV) with an Israeli fintech in Singapore this year to provide debt financing to Asia-Pacific startups, especially those unable to access such funding from traditional financial institutions.

F&N's 9M earnings down 8.2% on pandemic, East Malaysia floods

THE net profit of beverage maker F&N fell 8.2 per cent to S$118 million for the nine months ended June, as topline took a hit from lower soft drink sales in Malaysia and printing-plant closures amid the Covid-19 pandemic.

Genting Singapore posts S$163.3m Q2 loss in worst quarterly showing since 2010

IN ITS worst quarterly performance since the opening of Resorts World Sentosa (RWS) in 2010, Genting Singapore logged a S$163.3 million net loss for Q2 FY2020 ended June, reversing a S$168.4 million net profit from a year ago.

Genting Singapore posts S$163.3m loss in Q2 due to Covid-19 closure

IN ITS worst quarterly showing since the opening of its Singapore integrated resorts (IRs) a decade ago, Genting Singapore logged a S$163.3 million net loss for Q2 FY2020 ended June. Its Q2 numbers reverse a S$168.4 million net profit from a year ago and a S$46.6 million net profit from Q1 this...

Wilmar’s Chinese unit gets nod from listing committee of Shenzhen Exchange

YIHAI Kerry Arawana (YKA), the Chinese unit of Wilmar International, has progressed a step further towards its long-awaited initial public offering (IPO).

Thakral posts 91% fall in H1 profit to S$241,000

PROPERTY investor Thakral Corp saw its earnings fall 91 per cent to S$241,000 for the six months ended June, as its topline shrank from Covid-19 related closures and lockdowns.

Sunningdale posts S$8.25m H1 net profit; lowers interim dividend to 1.8 cents

PRECISION manufacturer Sunningdale posted a S$8.25 million net profit for the six months ended June, reversing a S$292,000 loss from a year ago with some help from Covid-19-related government grants.

F&N's 9M earnings down 8.2% on Covid-19 impact, East Malaysia flood

THE net profit of beverage maker F&N fell 8.2 per cent to S$118 million for the nine months ended June, as its top line took a hit from lower soft drink sales in Malaysia and printing-plant closures amid the Covid-19 pandemic.