Company News

Viva Industrial Trust’s FY14 results were in line with IPO forecasts, with net property income at S$11.0m and DPS of 6.83 S-cents.

Ascendas India Trust saw a dip of 1% YoY in net property income to INR905 but a 6% YoY increase in DPU of 1.16 S-cents for 3QFY15.

CapitaLand’s Ascott has secured contracts to manage three more properties in Beijing and Hong Kong, thus reinforcing its growth in China.

Dragon Group entered into a placement agreement with Asian Green Technology, whom will subscribe for 27.8m shares at S$0.09/share. S$2.5m of gross proceeds will be raised.

Sincap Group announced that UOB Kay Hian will undertake a placement of 351m new ordinary shares at S$0.10/share, raising S$35.1m in proceeds to fund Sincap's acquisition of LTN Land.

Parkway Life REIT's DPU for 4QFY14 rose 2.9% YoY to 2.9 S-cents, driven by acquisitions and rental growth of existing properties. FY14 DPU rose 7.1% YoY to 11.52 S-cents.

CitySpring Infrastructure Trust posted a DPU of 0.82 S-cents for 3QFY15, while revenue fell 7.3% YoY to S$120m. The trust also had cash losses of S$13.5m, hurt by the Hydro Tasmania dispute settlement amount.

Dukang Distillers Holdings expects overall earnings to be significantly lower for its 2QFY15 results as compared to 2QFY14.

ZICO holdings entered into a binding term sheet with June Song to acquire the entire stake of share registrar business B.A.C.S. Private Limited for S$8.6m.

Tritech Group announced that a reputable international financial institution expressed interest in potentially committing up to USD 3b over the next five years for their water and environment projects.

Tritech Group Limited subsidiary awarded a S$7.016 million contract

Tritech Group Limited wishes to announce that its wholly-owned subsidiary, Presscrete Engineering Pte Ltd had on 30 April 2014, been awarded a S$7.016 million contract, “Proposed Sewers in Tagore Drive Area by the Public Utilities Board. The project location is in the vicinity of Tagore Drive, Tagore Lane, Tagore Industrial Avenue and Lentor Street.

The main scope of works includes, inter alia, the supply, delivery to site, storage, loading and unloading, laying, installation of 15 m of 300 mm internal diameter vitrified clay / polymer concrete pipe and 1,250 m of 900 mm internal diameter reinforced pipe and the construction of 12 numbers of reinforced concrete manholes and 1 integrated vortex drop chamber manhole.

The commencement date of the Contract is 7 May 2014 and the expected completion date is 6 November 2015. The defects liability period is 24 months.