FINWIRES · TerminalLIVE
FINWIRES

Hiap Seng Industries Establishes New Company in Singapore

By

Hiap Seng Industries (SGX:1L2) established a new company in Singapore, named, Hiap Seng Energy Technology, according to a Saturday filing with the Singapore Exchange.

The company will serve as a general contractor for building construction and has an issued and paid-up capital of SG$2, comprising 2 shares.

Related Articles

Asia

Vita Life Sciences' Shareholders Approve On-Market Buyback

Vita Life Sciences' (ASX:VLS) shareholders approved an on-market share buyback of up to 15% of the share capital of the firm at the annual general meeting on May 28, according to a Monday Australian bourse filing.It currently has 54.2 million total shares on issue.It will evaluate market conditions and the share price, as it plans to continue to buy back shares in the year ahead.Shares rose 2% in recent trading on Monday.

$ASX:VLS
Asia

Incredible Holdings Deemed as Cash Company by Singapore Exchange

The Singapore Exchange Securities Trading deemed Incredible Holdings (SGX:RDR) as a cash company, effective May 28, with trading suspended until it acquires a new business in line with the SGX-ST's requirements, according to a Friday bourse filing.Under the rules, 90% of the company's cash and short date securities will be opened with and operated by an escrow agent, pending the satisfaction of regulatory requirements.Meanwhile, the company, which is not generating revenue at the moment, has been instructed to provide a monthly valuation of its assets and financial dealings.

$SGX:RDR
Asia

DoubleDragon's Revenues Soar 56% in 2025

DoubleDragon (PSE:DD) reported record high revenues of 27.9 billion Philippines pesos for the financial year 2025, surging 56.3% from 17.9 billion pesos a year earlier.The property developer attributed the jump to fresh contributions from its overseas operations, according to a Monday Philippines Exchange filing.The company said 2025 marks a shift toward core revenues as fair value gains from earlier leasing projects fade.Total assets reached 225.3 billion pesos, with debt-to-equity remaining below 1x and well within its internal ceiling.Looking ahead, DoubleDragon expects stronger core income in 2026 and continues to target long-term expansion, including its 2035 goal of 500 billion pesos in revenues and a wider global footprint through its Hotel101 platform.

$PSE:DD