-->

Type something and hit enter

Pages

Singapore Investment


On
Stocks In Focus SG (Advanced Holdings, GP Industries, HLH Group) – 18/12/14

Related stocks: SGX:5IA, SGX:G11, SGX:G20, SGX:H27, SGX:5OS, SGX:545
   
Advanced Holdings disclosed it has entered into a conditional share purchase agreement with Sound Global, selling the whole share capital of Advanced Resources Holdings, as well as that of Advanced Water Engineering for a total consideration of about $16.8 million. With $1.7m in expected disposal gain, the disposal will allow the company to re-strategise its financial and capital resources and unlock value in its water treatment business.

Global Tech (Holdings) announced its financial report for FY14, showing an 18.8 percent fall in revenue to HK$89.8 million, due to a fall in contribution by its repair services segment. Gross profit margin fell from 29.8 percent in FY13 to 27.5 percent in FY14. In absence of tax credits granted in the previous year, the company sank into losses of HK$16 million.

GP Industries has acquired additional 0.1 million shares in GP Batteries International from the open market for a cash consideration of $0.1 million. Following the acquisition, the company’s interest in GP Batteries rose to approximately 58.2 percent at 95.9 million shares.

HLH Group announced the termination of a previous sales and purchase agreement of a 13,541 square-metre land in Phnom Penh, Cambodia, dated 20 June 2014. The termination was mutually agreed upon due to commercial reasons, and free from breach of either party. The company will receive its initial deposit of US$1.5 million.

Jubilee Industries Holdings has announced an increase its stake in its Malaysian associate EG Industries by acquiring an additional 1.1 million shares for Rm0.6 million, leading to a total ownership of 27.5 percent of the total 75 million shares outstanding as at 17 December.

Vallianz Holdings has subscribed to the entire share capital of 10,000 shares in Pemimpin Offshore, a newly incorporated company in Panama for a consideration of US$10,000. Pemimpim Offshore is engaged in vessel owning and chartering business.

http://www.sharesinv.com
Back to Top