South Korea's Iljin Electric (KRX:103590) secured a contract to supply and install 230 kilovolts power cables, auxiliary cables, and accessories from Singapore's SP Group, according to a Tuesday filing with the Korean Exchange.
The contract, valued at 108.7 billion won, is valid till Dec. 31, 2028.
Shares of Iljin Electric fell more than 2% at market close.
Taiwan Cogeneration (TPE:8926) reported a profit attributable to owners of NT$1.54 billion, or NT$2.11 per basic share, in the first quarter.Operating revenue amounted to NT$13.7 billion, according to a Tuesday Taiwan Exchange filing.The cogeneration (combined heat and power) plants operator did not provide comparative year-ago figures.
Aedge's (SGX:XVG) subsidiary, Gems Dormitory, secured a Class 3 license from the Ministry of Manpower, allowing it to operate a dormitory at 4 Tuas in Singapore named Beryl House, according to a Tuesday bourse filing.Under Singaporean regulations, a Class 3 license covers dormitories with an occupancy of around 999 beds, with Gems Dormitory's total bed capacity standing at 707 beds. Following the new license, the company will progressively increase occupancy at Beryl House.Gens Dormitory's other property, Amethyst House, which comprises 299 beds, already has a Class 2 license.Shares of the manpower services company closed over 7% on Tuesday.
CPC Corp, Taiwan is gearing up to secure crude oil and natural gas supplies for the fourth quarter, as tensions in the Middle East continue, Taipei Times reported Tuesday, citing Minister of Economic Affairs Kung Ming-hsin.Taiwan's supply position remains comfortable, with crude oil reserves covering around 140 to 150 days and natural gas stocks about 12 days, slightly above the mandated safety level, Kung reportedly said in a Legislative Yuan's Economics Committee meeting.Most near-term procurement has already been locked in, with planning now shifting to later in the year, the report quoted Kung as saying.Middle East shipping disruptions have cut export flows but Taiwan has been largely protected by its diversified supply sources, especially imports from the U.S., CPC Chairman Fang Jeng-zen reportedly told the committee.The government is also supporting CPC with loans, subsidies, and planned capital injections to help offset rising fuel costs, the report said, citing the economic affairs minister.