In this article, I will take a quick look at KrisEnergy Ltd’s (SGX:SK3) recent ownership structure – an unconventional investing subject, but an important one. Ownership structure has been foundRead More...
It found that executive officers made guarantees for the company’s illegal bonds and hid related lawsuits. The Singapore Exchange Regulation (SGX RegCo) called to axe the appointment of aluminium alloy manufacturer Midas Holdings' executive chairman Chen Wei Ping and executive officer Ma Ming Zhang over undisclosed lawsuits and illegal bonds and guarantees. According to an announcement, SGX RegCo has "concerns about the suitability" of the two continue in their positions.
If you are a shareholder in KrisEnergy Ltd’s (SGX:SK3), or are thinking about investing in the company, knowing how it contributes to the risk and reward profile of your portfolioRead More...
While small-cap stocks, such as KrisEnergy Ltd (SGX:SK3) with its market cap of S$136.76M, are popular for their explosive growth, investors should also be aware of their balance sheet toRead More...
Analyzing KrisEnergy Ltd’s (SGX:SK3) track record of past performance is a valuable exercise for investors. It enables us to reflect on whether or not the company has met expectations, whichRead More...
A massive annual loss estimate by commodities trader Noble Group makes it more likely that creditors will back its $3.4 billion (2.4 billion pounds) debt-for-equity restructuring to ensure the company's survival, analysts said. Noble, which flagged an annual loss of up to $5 billion on Monday, announced an initial deal with creditors last month to halve its senior debt and give them 70 percent of the company, with existing equity holders diluted to 10 percent. In doing so, the management makes endorsing the restructuring the only viable alternative for creditors," said Jean-Francois ...
It delisted from the SGX-ST on 23 January. GLP Pte Ltd, formerly Global Logistic Properties Limited, converted to a private company after delisting from the Singapore Exchange Securities Trading Limited ...
Noble Group is closing down its London oil desk and winding down its Asia oil operations, sources familiar with the matter said, as heavy losses and high debt force what was once Asia’s biggest commodities trader to restructure. Since then, Noble has been winding down its remaining oil trading operations in London and Singapore, with many key traders leaving to join competitors. Owners of Housing and Development Board (HDB) flats who are finding it hard to dispose of their units due to the ethnic integration policy (EIP) can ask for an extension of time, revealed Minister for National ...
Rating Action: Moody's downgrades Global Logistic Properties' ratings to Baa3; outlook negative. Global Credit Research- 04 Jan 2018. Hong Kong, January 04, 2018-- Moody's Investors Service has downgraded ...
Troubled Asian commodity merchant Noble Group said on Monday the final price for the sale of its American power and natural gas unit to rival trading house Mercuria was US$168m. According to Alan Cheong, Savills Singapore’s senior director, the historical length of a property bull market is around 17.6 quarters. Three new roads in Bidadari estate – Bidadari Park Drive, Alkaff Crescent and Woodleigh Link – will be partially opened on 14 January (Sunday) to serve the upcoming developments within the estate, revealed the Housing and Development Board (HDB).
The two will add $5.43b to its current fund management platform worth $57.8b. Global Logistic Properties (GLP) completed the acquisition of European industrial developer Gazeley and raised the size of ...
Noble Group (Noble) inked a memoranda of agreement (MOA) with four companies to sell its four Kamsarmax dry bulk carrier vessels for $127.92m (US$95m). According to an announcement, the vessels, namely, Ocean Ambition, Ocean Forte, Ocean Integrity, and Ocean Vision, are registered under the flag of Hong Kong. The sale of the vessels is part of its ongoing restructuring to clear debt and lift the business, Noble said.
The base asking price is at $16.83m. Noble Group is selling its US-based ethanol producer Noble Americas South Bend Ethanol LLC (NASBE) for $16.83m (US$12.5m). According to an announcement, the gross consideration ...
What a debt restructuring at Noble Group Ltd. might look like has become an even more pressing question after the beleaguered commodity trader started talks with stakeholders on potential options to address ...
Global Logistic Properties' (GLP) profits rose 33.6% YoY from $235.28m (US$173.06m) to $314.4m (US$231.26m) in Q3. According to its financial statement, revenue increased by 31.9% YoY from $290.48m (US$213.66m) to $383m (US$281.71m). The increase was mainly attributable to the revenue from financial services in China and from completion and stabilization of development projects in China with increasing rents.
SHANGHAI/BEIJING, Nov 10 (Reuters) - At Beijing's sprawling Renmin University of China, two shiny new couriers dart through throngs of students to deliver parcels throughout the day. Bright red, grey and black, they are the robot postmen of the future, and are controlled from a command centre 40 kms (25 miles) away by e-commerce giant JD.com. The robots are among technologies revolutionising China's vast delivery industry, which is struggling to keep pace with 50 percent annual growth in parcel volumes amid staff shortages, tight competition and declining margins.
