Vibrant Group

This translates to earnings per share of 51 cents for the period, compared to 43 cents for 1HFY2022.

Once the debt-restructuring is completed, Hiap Seng will undertake a rights issue exercise to raise up to $3 million.

Directors of ICG, Vibropower and Vibrant raise shareholdings in respective firms.

Khua now owns a total stake of 61.792% in the company.

SINGAPORE (Sept 15): Vibrant Group saw its earnings jump to $33.1 million for the 1Q20 ended July, from $0.7 million a year ago.

SINGAPORE (May 27): The US’ decision to include Huawei Technologies on its US Entity List has added fuel to the trade tensions between itself and China. 

(Apr 26): The collapse of Singapore’s water treatment firm Hyflux has increased investor scrutiny over other debt-laden companies that have sold bonds in the local currency.

SINGAPORE (Feb 13): Vibrant Group’s 51%-owned subsidiary, LTH Logistics, has entered into a conditional put and call option agreement to sell its logistics and warehousing facility at Jurong Island for $227.5 million to SGRE Banyan Pte. Ltd.

SINGAPORE (Mar 14): Logistics, real estate, and financial services provider Vibrant Group saw its earnings plunge 88.6% to $0.1 million for the 3Q ended January, from $1.3 million a year ago.

SINGAPORE (Dec 12): Logistics, real estate, and financial services provider Vibrant Group saw its earnings fall 60.4% to $3.6 million for the 2Q ended October, from $9.0 million a year ago.