Salt Investments (SGX:FQ7) established two oil distribution companies, Harbourworld Energy Ltd. in British Virgin Islands, and Harbourworld Energy Pte. Ltd. in Singapore, according to a Sunday filing with the Singapore Exchange.
Both companies will focus on oil distribution and logistics management of physical oil supplies.
The marine and shipping company has a direct 51% stake in each company, which are currently dormant.
Auto components manufacturer Minda Corporation (NSE:MINDACORP, BOM:538962) reported a fire incident at its manufacturing facility in Noida, India, on May 30, according to a Sunday filing to the Indian stock exchanges.The company's shares were down over 1% in Monday's trade.There were no casualties or injuries to any personnel due to the incident, and the company is working restore normalcy at the affected facility, the statement said."We are currently in the process of assessing the impact on the operations and extent of the damage caused, while maintaining the highest standard of safety and compliance," the company said.The company further said the stock, plant, and machinery were adequately insured and that the insurance company has been informed.
Ascent Bridge (SGX:AWG) completed the disposal of its subsidiary, MTBL Cultural Centre, according to a Saturday filing with the Singapore Exchange.Shares of the beverage company surged over 21% in Monday trading.The liquor and beverage company had agreed to dispose of its stake in the subsidiary to Nyonya Heritage for SG$59,533.
Guoco Group (HKG:0053) said shareholders of GuocoLand (Malaysia) (KLSE:GUOCO) approved a proposed privatization of the Malaysian property developer at an extraordinary general meeting held Friday, according to a same-day filing with the Hong Kong bourse.The privatization, proposed by GLL (Malaysia), a wholly owned subsidiary of GuocoLand (Singapore), will be carried out through a selective capital reduction and repayment exercise.Guoco Group said in February that the transaction would result in GuocoLand (Malaysia) becoming an indirect wholly owned subsidiary of GuocoLand and lead to its delisting from Bursa Malaysia upon completion.The transaction remains subject to remaining conditions, including approval from the High Court in Malaya and the subsequent lodgement of the court order with the registrar.Subject to those conditions being met, the privatization is expected to be completed in the first quarter of fiscal 2027, the filing said.