G K Goh Holdings has made a voluntary unconditional cash offer for BoardRoom Ltd, the mainboard-listed corporate secretarial services firm, in a bid to delist it. It is offering S$0.88 in cash for each BoardRoom share, in a deal that values the company at S$184.5 million. At S$0.88, the offer price is a premium of 14.3 per cent to the last transacted price of S$0.77 a share on May 3.

Hong Leong Asia on Wednesday posted a net profit from continuing operations of S$12.2 million in the first quarter, up 3.9 per cent from the same period a year earlier. The results exclude its de-consolidated consumer products unit Xinfei, which ceased to be a subsidiary on May 21 last year. Xinfei had posted a net loss of S$17.2 million in the first quarter last year.

US President Donald Trump is expected to delay a decision on imposing tariffs on imported cars and parts by up to six months, three Trump administration officials told Reuters, a decision expected to relieve a broad swath of US industry. A formal announcement is expected by Saturday, the due date for Mr Trump to make a decision on recommendations by the Commerce Department to protect the US auto industry from imports on national security grounds, the officials said.

Cisco Systems reported better-than-expected quarterly earnings on Wednesday and gave an upbeat sales forecast for the current period, saying that minimal sales exposure to China and changes to its supply chains have helped cushion the blow of US-China trade dispute.

Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR