F J Benjamin

FASHION retailer F J Benjamin and cross-border payments firm Aleta Planet have dropped their plan to launch a virtual prepaid wallet together, as the two companies were unable to agree on certain marketing terms with a third party.

In March, the Catalist-listed company announced that it had signed a memorandum of understanding with the fintech firm for a co-branded UnionPay virtual debit card, which was to make shopping and payments easier and safer; there was also a plan to offer cash rebates.

Ascendas India Trust

THE trustee-manager of Ascendas India Trust has appointed Cheah Ying Soon as its chief financial officer (CFO), starting Nov 1.

The 44-year-old has been a senior director at CapitaLand Investment since August 2018, said the trustee-manager’s regulatory filing on Friday (Oct 15) evening.

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He will replace current CFO Tan Choon Siang, who has held the post since 2017. In another filing, Ascendas Property Fund Trustee said that Tan, 45, will assume another management position within the CapitaLand Investment Limited Group.

Goodland Group

MAINBOARD-LISTED property developer Goodland Group’s wholly-owned subsidiary Peg West has acquired a 50 per cent stake in Chon Hua, which was awarded a design-and-build contract for an eight-storey commercial building on Oct 13.

As Chon Hua has invited Goodland Group to participate in the project, the stake purchase will entitle the latter to directly undertake the construction of the building.

Peg West subscribed for 2,500 ordinary shares of Chon Hua at S$1 apiece. 

GHY Culture & Media

DRAMA and film production firm GHY Culture & Media will not be proceeding with its proposed acquisition of a 51 per cent stake in the Clover Films group, as the memorandum of understanding (MOU) has lapsed.

GHY had not signed any definitive documents with Clover Films' existing shareholders as at Oct 15, and the exclusivity period under the MOU expired on Sep 15.

Katrina Group

FOOD and beverage player Katrina Group’s wholly-owned subsidiary ST Hospitality has appointed a new chief operating officer (COO) to replace Goh Keng Hong, who has quit after a year and a half in the role.

He tendered his resignation to explore other career opportunities, and his last day with the company is Oct 31. 

He was named COO in April last year, and is the brother of Alan Goh, the founder, executive chairman and chief executive officer of Catalist-listed Katrina Group.

ST Hospitality’s incoming COO, Farn Tze Guen, will start on Oct 18. She is pursuing an advanced diploma at the Singapore Management University and will graduate this December.

Plato Capital

THE surge in Plato Capital's share price on Friday (Oct 15) prompted a query from the Singapore Exchange in the morning about the "unusual price movements".

The Catalist-listed stock climbed nearly 40 per cent or S$0.57 day on day to finish at S$2, with some 128,100 shares changing hands.

In the afternoon, Plato Capital responded to the bourse operator, saying it was not aware of any possible explanation for the trading activity. The company also confirmed its compliance with the listing rules.

Zico Holdings

CATALIST-LISTED Zico Holdings will change its continuing sponsor to Stamford Corporate Services, effective Oct 16, for commercial reasons.

The current sponsor, Asian Corporate Advisors, has confirmed it is not aware of any non-compliance with the Catalist rules by Zico that has not been brought to the new sponsor’s attention.