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Author: traderhub8   |   Latest post: Fri, 18 Jan 2019, 09:55 AM

 

Phillip Capital Morning Note

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RICH Capital on Tuesday said it is planning to expand into the construction business with the proposed acquisition of two construction companies for up to S$43.98 million.

Chew's Group said that it would seek shareholders' approval to change its name and diversify into the property and financial investments services businesses.

Kimly Limited said it has received an advance repayment of S$1.4 million from the vendor in its aborted acquisition of Asian Story Corporation.

KrisEnergy said that oil production has restarted at the Wassana field in the G10/48 licence in the Gulf of Thailand following Tropical Storm Pabuk.

Swee Hong has won a new S$32.5 million contract from the Public Utilities Board (PUB) for the construction of link sewers for the DTSS phase 2 project at Old Choa Chu Kang Road/Jalan Bahar, a day after announcing another S$32.5 million deal also from PUB.

HUTCHISON Port Holdings Trust and four Hong Kong port operators have formed an alliance to manage Kwai Tsing container terminals' berths.

Singtel has inked a three-year partnership with UNCDF to launch mobile wallet Singtel Dash in Singapore, for Myanmar nationals in the Republic to be able to send money home.

FIRST Ship Lease (FSL) Trust has filed a claim against Copenhagen-based charterer, Torm.

Source: SGXnet, The Business Times

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