disposal

SINGAPORE (Nov 22): Swiber Atlantis, a wholly-owned subsidiary of Swiber Holdings, has signed a memorandum of agreement (MOA) for the sale of its vessel known as Sea Horizon to WAG SPV I, LLC for US$10.25 million ($14.6 million).

SINGAPORE (Nov 14): RHB Research has maintained its “buy” rating on Silverlake Axis, even after the group’s special dividend from its sale of Global InfoTech (GIT) is expected to be delayed to 2QFY17.

SINGAPORE (Nov 8): Property development and investment group Heeton Holdings has posted losses of $11.25 million for 3Q16, down 317.3% from $5.2 million of profits in the same quarter a year ago.

SINGAPORE (Nov 4): Declout says subsidiary Asia Wiring Systems (AWS) has agreed to sell its entire 55% stake in Asia Wiring Systems (Cambodia) or AWS (Cambodia) to Ly Sakhun for $778,000 in cash.

SINGAPORE (Oct 17): EMS Energy Solutions, a subsidiary of EMS Energy, is disposing its property at 10 Tuas Avenue 11 to SPCO Holdings for $5.6 million.

SINGAPORE (Oct 11): Auric Pacific says subsidiary Food Junction Holdings has disposed of its entire shareholding interest in Lifestyle Dining and Star Party to an unrelated third party for $2.

SINGAPORE (Oct 10): Asian commodities trader Noble Group on Monday announced the sale of US energy unit Noble Americas Energy Solutions (NAES) to Calpine Corporation for US$1.05 billion ($1.44 billion), comprising US$800 million plus a repayment of US$248

SINGAPORE (Oct 5): Edition Limited has sold its 57.5% stake in Korea-incorporated Onion Holdings back to the company and three of its top executives for KRW1.78 billion ($2.2 million).

SINGAPORE (Oct 4): MTQ Corp has agreed to dispose its entire stake in MTQ Engine Systems (Aust) for A$17 million ($17.86 million) to Bapcor Limited.

SINGAPORE (Oct 4): China International Holdings is selling its entire stake in loss-making Tianjin Xinzhong Property Development Co. for RMB 460 million ($94.4 million) to Beijing Hongkunweiye Property Development Co.