Kingsmen Creatives (SGX:5MZ) subsidiary, Kingsmen Projects, received a court order, following which an official receiver was appointed as its liquidator, according to a Monday filing with the Singapore Exchange.
The appointment is linked with a winding-up order made by the High Court of Malaya in Malaysia against Kingsmen Projects, a 71% directly-owned subsidiary of the company.
Frasers Centrepoint Trust (SGX:J69U) renewed five-year property management agreements for four Singapore malls till 3031, according to a Friday filing with the Singapore Exchange.Fee structures for three of the properties are set at 2% of gross revenue plus 2% of net property income annually, along with an additional 0.5% NPI fee, which will cover leasing commissions.For the fourth property, the Waterway Point, the structure is based on 2% of gross revenue and 2.5% of NPI without a separate leasing commission structure.
Contemporary Amperex Technology (SHE:300750, HKG:3750) will invest in New Zealand-based CarbonScape, a company that converts wood to graphite for use in lithium batteries, according to a Monday press release.The world's largest battery maker and Hong Kong-based investment firm Lochpine Capital will invest a combined 20% worth about $28 million to produce battery-grade graphite using forestry byproducts, according to an investor presentation.CATL and CarbonScape will test the technology at CATL's facilities in China.
Xunce Technology (HKG:3317) is exploring a partnership with Gechuang Dongzhi (Shenzhen) Technology focused on data tokenization, according to a Sunday filing with the Hong Kong bourse.Under the memorandum of understanding, the companies will collaborate on the standardization and assetization of industrial data.The firms will also jointly develop industrial AI agents and explore the business models of industrial data assetization and token-based billing.