Raffles United Holdings

SINGAPORE (July 1): Raffles United Holdings, the property investor and distributor of ball bearings and seals, has received a mandatory unconditional cash offer for the shares it does not own at 6.5 cents each.

SINGAPORE (Jan 10): Raffles United Holdings is seeking to raise up to $11.7 million by proposing to undertake a renounceable, non-underwritten rights issue of up to 234 million new rights shares at 5 cents each.

SINGAPORE (June 19): Raffles United Holdings, formerly known as Kian Ho Bearings, said several top executives interviewed by the Commercial Affairs Department (CAD) have to report back to the white-collar crime division for further investigations.

SINGAPORE (May 8): Raffles United Holdings, formerly known as Kian Ho Bearings, revealed that the Commercial Affairs Department (CAD) has interviewed several of its executives, staff and ex-staff.

SINGAPORE (May 4): Raffles United Holdings, formerly known as Kian Ho Bearings, announced Friday that the company and its subsidiary, Kian Ho, are under investigation by the Commercial Affairs Department (CAD).

SINGAPORE (Feb 23): Raffles United Holdings, formerly known as Kian Ho Bearings, has swung to a profit of $3.6 million for FY17 ended December 2017, from a loss of $6.7 million in the preceding financial year.

SINGAPORE (Nov 30): Raffles United Holdings on Wednesday announced the disposal of its 60% stake in Taiwan subsidiary Ascend Bearings Co. for $1.04 million.