Keppel Infrastructure Trust (SGX:A7RU) secured regulatory approval from the Energy Market Authority of Singapore for the acquisition of an additional 39% stake in Keppel Merlimau Cogen, according to a Monday filing with the Singapore Exchange.
Keppel Merlimau operates a 600MW combined cycle gas turbine power plant on Jurong Island.
Earlier, the trust had agreed to acquire the stake from Keppel (SGX:BN4) for about SG$128.1 million.
Asia Commercial (HKG:0104) expects a net profit of at least HK$39 million for the year ended March 31, up from HK$24 million a year prior, according to a Friday Hong Kong bourse filing.The watch seller attributed the forecast to a reduction in fair value losses on investment properties.
Central Plains Environment Protection (SHE:000544) wholly-owned subsidiary Zhengzhou Xinhong Reclaimed Water Resources Development and Utilization will invest 10 million yuan to establish a clean energy supply company.The newly-established company will utilize local reclaimed water, geothermal, and other resources, according to a Friday filing with the Shenzhen bourse.
OKG Technology (HKG:1499) expects an attributable loss of at least HK$20 million for the year ended March 31, compared with HK$15.8 million a year prior, according to a Friday Hong Kong bourse filing.The construction engineering company attributed the forecast to a lower revenue from the foundation, building construction work, and ancillary services segment.