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Oceanus Group has till March 2021 to meet SGX watch list criteria

With effect of the extension, Oceanus now has till Mar 1, 2021, to meet the financial criteria of exiting the SGX watch list. Failing which, the company will be delisted from SGX, and an exit offer will be provided to the company’s shareholders.

Buyout

Cash offer for Memtech extended by 2 weeks to July 26

SINGAPORE (June 28): M-Universe Investments' cash offer to privatise Memtech International has been extended by some two weeks to July 26 from July 12.

Oceanus granted six-month extension to meet SGX watch list exit criteria

SINGAPORE (Mar 7): Oceanus Group has been granted an extension of six months to exit the Singapore Exchange’s (SGX) watch list.

Noble granted extension on waiver for revolving credit facility

SINGAPORE (Dec 21): Noble Group has obtained an extension on a waiver relating to the financial covenants in its committed unsecured revolving credit facility, which was due to mature today, to 18 May 2018.

Annica's acquisition of tyre recycling business delayed

SINGAPORE (Dec 21): Catalist-listed Annica Holdings says its $4.2 million acquisition of a 49% stake in Horizon Greentech Resources, which was due for completion this Saturday, has been delayed for a further three months.

Noble faces key deadlines as default threat looms

SINGAPORE (Dec 8): Noble Group Ltd., the embattled commodities trader, faces several significant deadlines as it wrestles with a US$3.5 billion debt restructuring.

Jaya Holdings gets no-go from SGX for RTO of Papua New Guinea financial firm

SINGAPORE (Sept 6): Jaya Holdings says it has failed to obtain pre-clearance from the Singapore Exchange (SGX) for its proposed acquisition of a financial firm in Papua New Guinea, Heduru Moni, via a reverse takeover (RTO).

Aviation & Engineering

Qantas reroutes Sydney-London A380 flights via Singapore to meet strong Asia demand

SINGAPORE (Aug 31): As part of its agreement to extend its partnership with Emirates for another five years, Qantas Airways has announced that it will now provide three stopover options to Europe via Dubai, Perth and Singapore via its joint network.

USP Group defaults on repayment of loaned shares from Precious Streams Holdings

SINGAPORE (March 21): USP Group has failed to repay Precious Streams Holdings (PSHL) the 4.9 million of consideration shares by the deadline of March 20, 2017, the first anniversary of the date of loaned shares from PSHL.

iREIT Global subsidiaries granted extension for bank loan facility of over $35.6 mil

SINGAPORE (March 14): The manager of iREIT Global has announced that four of its indirectly wholly-owned subsidiaries – namely Laughing Rock 11 B.V., Laughing Rock 12 B.V., Laughing Rock 13 B.V. and Laughing Rock 14 B.V. – have together been granted a
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