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MMP Resources

NTUC, Blue Pegasus trim stakes in SPH REIT, MMP Resources respectively

Singapore’s labour movement, the National Trade Union Congress, is no longer a substantial shareholder in SPH REIT.

Corporate moves

MMP Resources in $118 million RTO deal

This RTO deal will "finally" give the company a "strong balance sheet", and grow and diversify its businesses and operations in a more consistent manner.

M&A

MMP Resources diversifying into natural gas and energy business with $25 mil stake acquisition in Russia producer

SINGAPORE (Dec 5): Construction company MMP Resources is diversifying into the natural gas and energy business through the proposed $25 million acquisition of a 50% stake in an operating gas field in the North-West region of the Russian Federation called

MMP Resources in bond and share subscription deal to raise $0.2 mil in net proceeds

SINGAPORE (Oct 3): MMP Resources has entered into a bonds subscription and share placement agreement with Maiora Asset Management to raise $229,298 in net proceeds.

Results

MMP Resources turns a profit in FY16 on reversal of loans

SINGAPORE (March 1): MMP Resources, the construction company on the Watchlist of the Singapore Exchange, reported earnings of $4.7 million for the FY16 ended Dec, reversing from the net loss position of $43.7 million in FY15.

MMP Resources’ Japanese unit enters into management deal with JRT Trading on Chisenupuri Ski Area

SINGAPORE (Nov 29): MMP Resources announced that its Japanese subsidiary, MMP Resources Japan (MMPRJ), has entered into an agreement with JRT Trading to operate and manage the Chisenupuri Ski Area.

MMP Resources mulls potential acquisition of snow operations in Japan

SINGAPORE (Nov 23): MMP Resources has signed a service agreement with Sean Tedore, to review winter travel and leisure assets in Japan that the group intends to acquire.

MMP Resources issues profit guidance for 3Q

Singapore (Oct 20): MMP Resources has issued profit guidance for its 3Q16 results, cautioning shareholders that it expects a net loss.

Stocks To Watch

SPH, ST Engr, Serrano, ISEC, MMP, Marco Polo

SINGAPORE (Oct 17): Here are some factors and stocks that could move the market this Monday morning:

MMP Resources receives updated affidavit with ‘typo’ corrected

SINGAPORE (17 OCT): MMP Resources who is contesting a winding-up application filed by Edward Lee says it has received a second affidavit from Lee.
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