disposal

SINGAPORE (Sept 29): Xpress Holdings posted net losses for $21.8 million for FY16, compared with earnings of $314,000 in FY15.

SINGAPORE (Sept 27): Lereno Bio-Chem has disposed 100% equity interest in its wholly-owned Malaysian subsidiary LBC Estate Holdings for a token RM6.

SINGAPORE (Sept 26): Oversea-Chinese Baking Corp (OCBC) and insurance arm Great Eastern Holdings confirmed they are reviewing strategic options with respect to their combined stakes in United Engineers.

SINGAPORE (Sept 6): Yangzijiang Shipbuilding has disposed of its 20% equity interest in Jiangsu Hailan Marine Systems Technology (JHMST) for a total consideration sum of RMB29 million ($5.99 million).

SINGAPORE (Aug 11): Ascendas Hospitality Trust (AHT) is preparing to bring its Australian hotel, Pullman & Mercure Melbourne Albert Park, to market with a price tag of more than A$150 million ($155 million), according to Australian media reports.

SINGAPORE (Aug 4): RHB and UOB KayHian are sticking to their “buy” calls for Nera Telecommunications (NeraTel) with target prices of 80 cents and 83.5 cents respectively, despite its lacklustre 1H16 results.

SINGAPORE (July 8): TSH Corporation has sold its property located at 62 Burn Road to Singapore Shenguan for $16.1 million, it revealed in a filing last night.