ST Engineering (SGX:S63) named Lam Wai Meng Jeffrey as its deputy chief executive officer, effective June 1, according to a Thursday Singapore bourse filing.
Shares of the engineering company were up nearly 2% in Friday trading.
Jeffrey presently holds multiple roles across the company's units.
Provigil Surveillance, a wholly-owned subsidiary of Magellanic Cloud (BOM:538891), has received a letter of acceptance for an order worth 76.4 million Indian rupees from South Central Railway, Nanded Division, according to a Friday filing to the BSE.The contract involves the provision of IP-based CCTV surveillance systems across stabling lines, washing yards, and pit lines under Nanded Division, including installation and networking.The contract will also include a five-year comprehensive annual maintenance contract support.This order strengthens the company's order book of 2 billion Indian rupees for railway and public sector projects.
Dexus (ASX:DXS) on Friday lost its court bid to block the sale of its stake in Melbourne Airport, as the New South Wales Supreme Court ruled that the company was in violation of confidentiality agreements and must dispose of the interest.The company holds a roughly 27.3% stake in Australia Pacific Airports, which owns Melbourne's Tullamarine airport and the Launceston airport in Tasmania.In a lawsuit, shareholders of Australia Pacific Airports claimed Dexus breached a shareholders' deed by disclosing confidential information while managing a sale process for stakes in the airports. The shareholders argued the company should be forced to sell its stake due to the breach."Dexus committed a material irremediable breach of the shareholders' deed," the NSW Supreme Court said in its decision as it dissolved injunctions that prevented the sale of Dexus' stake.The company's shares are on a trading halt as it prepares a statement to the market following the court's decision.
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.