FINWIRES · TerminalLIVE
FINWIRES

SHS Holdings Unit Reaches Settlement With Chinese Contractor

By

SHS Holdings (SGX:566) subsidiary, Nanning Tidal Aluminium, reached a settlement with a construction contractor in China over disputed payment for its recycled aluminum factory in Guangxi, according to a Friday filing with the Singapore Exchange.

After taking into account payments previously made by Nanning Tidal of about 44.7 million yuan, Nanning Tidal has agreed to pay another 89.4 million yuan to the contractor, which had sought 113.9 million yuan.

Meanwhile, the company's other subsidiary, Guangxi Tidal Precision Technology, has provided joint and several guarantee liability for payment obligations.

Related Articles

Asia

Celltrion's Sales Jump 35% in Q2; Shares Rise 4%

Celltrion (KRX:068270) posted second-quarter sales of 1.3 trillion won, up 35% from 961.5 billion won a year earlier, according to a Friday filing with the Korea Exchange.The South Korean biopharmaceutical company's operating income jumped 77% year over year to 430 billion won from 242.5 billion won, the filing said.Shares of Celltrion rose nearly 4% in recent trade.

KRX:068270
Asia

Elite UK REIT Divests Four Welsh Properties

Elite UK REIT (SGX:MXNU) disposed of four properties in Wales, UK, for 6 million pounds sterling, according to a Thursday filing with the Singapore Exchange.Shares of the REIT were up nearly 2% in Friday trading.Proceeds from the divestments will be used for high-quality or high-growth opportunities, the REIT said.

SGX:MXNU
Asia

XMH Holdings' Attributable Profit Up 25% in Fiscal H2

XMH's (SGX:BQF) attributable profit to owners jumped 25% during the fiscal second half ended April 30 to SG$16.1 million from SG$12.9 million a year earlier, according to a Thursday filing with the Singapore Exchange.Earnings per share came in at SG$0.1470 compared with SG$0.1180 in the year-ago period.Revenue declined 8.8% year over year to SG$91.4 million from SG$100.2 million.The marine industry power generation company declared a special interim dividend of SG$0.03 per share, a final dividend of SG$0.0025 per share and a special dividend of SG$0.0775 per share for the period.

SGX:BQF