extraordinary general meeting (EGM)

ARA Logos Logistics Trust to raise $50 mil through private placement of 90.5 mil new units - THE EDGE SINGAPORE

REITs

ARA Logos Logistics Trust to raise $50 mil through private placement of 90.5 mil new units

The number of new units represents an increase of some 8.3% of the total number of units currently in issue.
SunMoon Food enters into interest-free loan agreement and placement agreement with Jiangzhong Shiliao Technology - THE EDGE SINGAPORE

Equity raising

SunMoon Food enters into interest-free loan agreement and placement agreement with Jiangzhong Shiliao Technology

Under the loan agreement, Jiangzhong Shiliao will loan RMB34.9 million ($6.9 million) interest-free to SunMoon Food Company.
CMT and CCT proposed merger given green light by unitholders - THE EDGE SINGAPORE

REITs

CMT and CCT proposed merger given green light by unitholders

The merger is expected to take place on October 21. CCT’s last day of trading is expected to be on October 16.

Company in the news

Axington's Obama-inspired EGM postponed; independent director resigns

In a filing on August 28, Axington’s board says that it requires “more time” to conduct an internal assessment of the circumstances and the strategic plans of the company in light of recent developments in the media.

M&A

FLT, FCOT unitholders vote overwhelmingly in favour of merger to create $5.7 bil behemoth

For FLT, some 99.85% of unitholders voted for the merger, while 98.61% of FCOT’s unitholders were in favour of the merger.

Offer

Challenger founder Loo falls narrowly short in privatisation bid

SINGAPORE (June 27): Loo Leong Thye, the founder, executive director and chief executive officer of Challenger Technologies, has failed in his bid to voluntarily delist the consumer electronics retailer.

Corporate moves

Chew's Group seeking approval for name change and business diversification

SINGAPORE (Jan 9): Chew’s Group on Tuesday will hold an extraordinary general meeting (EGM) to propose a company name change to OneApex, diversification of its business and adoption of the IPT (interested personal trasanctions) general mandate.

Alliance Mineral shareholders voted for Tawana acquisition, non-executive remuneration, dual listing

SINGAPORE (Sept 24): Alliance Mineral today announced the results of its extraordinary general meeting (EGM), which was held on Friday, Sept 21.

In print this week

Will VARD be able to convince its shareholders to say yes to it delisting?

SINGAPORE (May 11): VARD Holdings announced on May 10 that it would submit an updated draft circular for its delisting proposal to the Singapore Exchange for a review. Its major shareholder Fincantieri Oil & Gas has also extended the deadline for the 25 c

Broker's Calls

Does mDR warrant a second look ahead of expansion into new businesses?

SINGAPORE (Apr 24): NRA Capital says mobile phones distributor mDR could soon be more exciting, as it buys into future growth with a change in business direction.
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