Hafary Holdings

Upon completion of the sale, the company's ownership of the share capital of WFH will increase from 81% to 100%.

Through the JV, the group will lease two manufacturing plants in Johor, from Hafary's majority shareholder, Hap Seng Group.

Hafary will pay for the acquisition with a combination of bank borrowings and internal resources.

Shares in Sitra Holdings closed 0.1 cent lower or 5.9% down at 1.6 cents on March 24.

KOP bosses Ong and Suparman buy shares after subsidiary gets arbitration notice; Oxley's Ching Chiat Kwong sells stake in Hafary.

SINGAPORE (June 1): Hafary Holdings’ financial controller, Wu Pei Cong, 37, resigned with effect from Thursday to pursue other career opportunities. 

SINGAPORE (Aug 3): Hafary Holdings posted earnings of $2.7 million for the 2Q ended June, up 5.5% from the $2.5 million it recorded a year ago, on the back of higher revenue.

SINGAPORE (March 10): The Edge Singapore last week covered which construction stocks are the best bets as the sector experiences a surge on the back of a slew of public-sector infrastructure projects coming online this year and the next.

SINGAPORE (Feb 17): Building material supplier Hafary Holdings has posted $2.7 million of earnings for 4Q16, a 61.5% decline from its earnings of $6.8 million in 4Q15 due to a combination of lower revenue and higher expenses.