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Boustead unit wins S$100m energy contract in Europe, Companies & Markets

Boustead unit wins S$100m energy contract in Europe, Companies & Markets

Singapore BOUSTEAD Singapore’s subsidiary, Boustead International Heaters (BIH), has secured a contract worth about S$100 million from the oil & gas (O&G) industries.  The contract involves the design, engineering and supply of waste heat recovery units for…

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BT journalist Marissa Lee wins SGX Orb Award, Companies & Markets

BT journalist Marissa Lee wins SGX Orb Award, Companies & Markets

Singapore A JOURNALIST with The Business Times was among the winners in the second edition of the SGX (Singapore Exchange) Orb Awards, which honour efforts at delivering broader, deeper coverage of financial news. Marissa Lee…

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Soilbuild Reit to issue new units to fund Australia property buy, Companies & Markets

Soilbuild Reit to issue new units to fund Australia property buy, Companies & Markets

Singapore SOILBUILD Business Space Reit (Soilbuild Reit) has launched a fully underwritten non-renounceable preferential offering to raise about S$101.8 million to fund an Australia property acquisition. The Reit (real estate investment trust) will issue about…

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SMEs going global open door for banks to grow corporate credit cards, Banking & Finance

SMEs going global open door for banks to grow corporate credit cards, Banking & Finance

Fri, Aug 23, 2019 – 5:50 AM Singapore AS LOCAL small and medium-sized enterprises (SMEs) venture overseas, the travel and spending habits of SME towkays have caught the eye of several banks here. A survey…

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JLC law firm downsizes after managing partner Jeffrey Ong’s scandal, Companies & Markets

JLC law firm downsizes after managing partner Jeffrey Ong’s scandal, Companies & Markets

Singapore WITH its managing partner Jeffrey Ong Su Aun still remanded in custody, JLC Advisors has shrunk, following the revelation that Catalist-listed precision engineering firm Allied Technologies’ S$33 million held in escrow by the law…

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KTL Global sells 2 loss-making units to chairman’s family for S$10,000, Companies & Markets

KTL Global sells 2 loss-making units to chairman’s family for S$10,000, Companies & Markets

Thu, Aug 22, 2019 – 8:35 PM OFFSHORE and marine equipment dealer KTL Global on Thursday said it has agreed to sell its wholly-owned subsidiaries, KTL Offshore and KTL Investment, to Teck Leong Pte Ltd, a company controlled…

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Hupsteel shares fall below public float, to be suspended at offer close, Companies & Markets

Hupsteel shares fall below public float, to be suspended at offer close, Companies & Markets

Thu, Aug 22, 2019 – 9:13 PM THE valid acceptances exceeding 90 per cent held by the founding Lim family, following its voluntary conditional cash offer for steel trader Hupsteel, mean that the company’s shares…

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Chip Eng Seng proposes rights issue to raise S$96m for expansion, Companies & Markets

Chip Eng Seng proposes rights issue to raise S$96m for expansion, Companies & Markets

Thu, Aug 22, 2019 – 11:30 PM MAINBOARD-LISTED developer Chip Eng Seng on Thursday said that it plans to do a renounceable underwritten rights issue of about 156.5 million new shares at S$0.63 each, to raise net proceeds of about S$96.3…

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BT journalist Marissa Lee among winners at SGX Orb Awards , Banking & Finance

BT journalist Marissa Lee among winners at SGX Orb Awards , Banking & Finance

Thu, Aug 22, 2019 – 4:33 PM THE Business Times (BT) journalist Marissa Lee has emerged as one of the winners at the second edition of the SGX (Singapore Exchange) Orb Awards, which seeks to encourage…

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UOB expands to northern Vietnam with opening of first Hanoi branch , Banking & Finance

UOB expands to northern Vietnam with opening of first Hanoi branch , Banking & Finance

Thu, Aug 22, 2019 – 2:51 PM UNITED Overseas Bank (UOB) continues to deepen its presence in Vietnam with the opening of its Hanoi branch on Thursday – the bank’s first beyond Ho Chi Minh City.…

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