OKP (SGX:5CF) secured a commuter infrastructure works contract worth SG$165.3 million from Singapore's Land Transport Authority (LTA), according to a Thursday bourse filing.
Shares of the civil engineering company were down nearly 1% in Friday trading.
The 48-month contract covers the design and construction of lift shafts and associated commuter infrastructure at pedestrian bridges across the city-state.
The latest award takes the company's order book to SG$760.7 million, the filing said.
Beng Kuang Marine (SGX:BEZ) issued 57.1 million shares at SG$0.35 per share to ISUSTAINABILITY and SPPG, in connection with the acquisition of the remaining 49% stake in Asian Sealand Offshore and Marine.Shares of the marine infrastructure company were up nearly 5% in Friday trading.Following the issuance, Asian Sealand has become the company's subsidiary, according to a Thursday filing with the Singapore Exchange.Meanwhile, the remaining cash consideration of SG$20.0 million for the acquisition will conclude on May 29, the filing said.
HUB24 (ASX:HUB) said Commonwealth Bank of Australia (ASX:CBA) became a substantial holder of the firm on Thursday, with a total voting power of 5.02%, according to a Friday Australian bourse filing.The bank and its associates held a total of 4.1 million of its fully paid ordinary shares.
IDP Education (ASX:IEL) was downgraded due to weak visa volumes, a stronger Australian dollar, and a clampdown on international students in Australia, the UK, and Canada, Macquarie said, according to a Friday report by the Australian Financial Review (AFR).Macquarie downgraded its rating on IDP Education to underperform and cut the price target to AU$2.35 per share from AU$2.66 per share.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)