Fu Yu’s largest shareholder Victor Lim reinstated as director of strategy, makes new bid for board membership

Fu Yu’s largest shareholder Victor Lim reinstated as director of strategy, makes new bid for board membership

[ad_1] Reinstatement is in view of his ‘ability to contribute to the group’, says company [SINGAPORE] Components manufacturer Fu Yu has since Nov 1 reinstated its largest shareholder Victor Lim as director of strategy, a role he held for four years before leaving the company in March. The nominating committee has also received a fresh…

Read More

Straits Trading launches senior living pilot in bid to grow independent living business

Straits Trading launches senior living pilot in bid to grow independent living business

[ad_1] It aims to build an integrated independent value-chain in the senior living business [SINGAPORE] Mainboard-listed The Straits Trading Company on Tuesday (Dec 23) unveiled a new pilot programme for senior living known as The Silver Movement. The initiative is part of group’s broader strategy to build an integrated independent value-chain in the senior living…

Read More

Straits Trading launches senior-living programme in Singapore, Malaysia

Straits Trading launches senior-living programme in Singapore, Malaysia

[ad_1] It aims to build an integrated independent value-chain in the senior living business [SINGAPORE] Mainboard-listed The Straits Trading Company on Tuesday (Dec 23) unveiled a new pilot programme for senior living known as The Silver Movement. The Silver Movement is an operating company that oversees asset and property, facility and operational management. Its operations…

Read More

Jalen Brunson set to sit vs. Timberwolves as Knicks seek balance

Jalen Brunson set to sit vs. Timberwolves as Knicks seek balance

[ad_1] That’s one way to keep minutes down. Jalen Brunson will rest Tuesday’s game against the Timberwolves with “right ankle injury management,” according to the Knicks, who also ruled out OG Anunoby with “left ankle soreness.” The news arrived after Mike Brown said he hoped to limit Brunson’s playing time but failed during Sunday’s win…

Read More

Volare triggers mandatory offer for Alpha Integrated Reit following acquisition of ESR stake

Volare triggers mandatory offer for Alpha Integrated Reit following acquisition of ESR stake

[ad_1] Volare and its concert parties now control 41.27% of the total issued units by AI-Reit, formerly known as Sabana Reit [SINGAPORE] Mindarie Investment, a wholly owned subsidiary of Swiss-based Volare Group, on Tuesday (Dec 23) launched a mandatory conditional cash offer for all issued and outstanding units of Alpha Integrated Real Estate Investment Trust…

Read More

Saks mulls bankruptcy year after raising billions for turnaround

Saks mulls bankruptcy year after raising billions for turnaround

[ad_1] SAKS Global Enterprises, facing limited options ahead of a more than US$100 million debt payment due at the end of this month, is considering Chapter 11 bankruptcy as a last resort, according to people with knowledge of the situation. The company is also weighing additional ways to shore up liquidity, including raising emergency financing…

Read More

Stocks to watch: CapitaLand Investment, Ever Glory United, Alpha Integrated Reit

Stocks to watch: CapitaLand Investment, Ever Glory United, Alpha Integrated Reit

[ad_1] [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Dec 23): CapitaLand Investment (CLI) : Bursa-listed CapitaLand Malaysia Trust (CLMT) has agreed to buy five high-specification industrial facilities in the Johor-Singapore Special Economic Zone for RM220.8 million (S$69.2 million), said CLI on Monday. The acquisition supports CLMT’s…

Read More