Advertisement
Singapore markets closed
  • Straits Times Index

    3,224.01
    -27.70 (-0.85%)
     
  • Nikkei

    40,168.07
    -594.66 (-1.46%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Bitcoin USD

    71,003.76
    +1,768.67 (+2.55%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • Dow

    39,807.37
    +47.29 (+0.12%)
     
  • Nasdaq

    16,379.46
    -20.06 (-0.12%)
     
  • Gold

    2,254.80
    +16.40 (+0.73%)
     
  • Crude Oil

    83.11
    -0.06 (-0.07%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • FTSE Bursa Malaysia

    1,530.60
    -7.82 (-0.51%)
     
  • Jakarta Composite Index

    7,288.81
    -21.28 (-0.29%)
     
  • PSE Index

    6,903.53
    +5.36 (+0.08%)
     

Stocks In Focus SG (Ley Choon Group, Singapore Press Hldgs, TEE Int’l) – 08/09/14

Ley Choon Group Holdings has been awarded a contract by PowerGas worth $16.8 million, for the laying of gas transmission pipelines from Woodlands Avenue 10 to Senoko Road.

Singapore Press Holdings via its subsidiary ShareInvestor, has acquired 60 percent of the paid-up share capital of Waterbrooks Consultants and certain of its trademarks and intellectual property rights for $0.9 million. Waterbrooks is primarily involved in the business activities of providing investor relations, financial and corporate communications, sustainability reporting and crisis management services.

TEE International bagged $73 million of new contracts in Singapore. The first contract is to carry out works involving the fixed gangway and passenger loading bridges at Terminals 1 and 2 of Singapore Changi Airport. The second contract is a subcontract signed with the People’s Association for the provision of air-conditioning and mechanical ventilation works, for a development in Singapore known as Tampines Town Hub. The new contracts awarded will lift the group’s order book to $493 million.

The Straits Trading Company via its subsidiary, Straits Developments (SD) proposed the sale of Straits Trading Building which is valued at $410 million as at 3 September 2014, for $450 million. The property is erected on four land plots that are on 999-year leaseholds. When completed, the purchaser has agreed to lease the 28th level of the property to SD which it is currently occupying. Based on a historical acquisition cost of $70.6 million for the property, the group will be able to recognise a gain of $373.3 million.



More From Shares Investment: