SUTL Enterprise (SGX:BHU) subsidiary ONE15 Marina KB and Keppel Bay agreed to defer the long-stop date to July 31, in connection with the acquisition of property and assets at the Marina at Keppel Bay, according to a Friday filing with the Singapore Exchange.
Earlier, the two parties had signed a put and call option agreement to acquire Keppel Bay's assets for SG$40 million.
New Zealand shares ended lower on Thursday amid a broad-based decline in Asian shares as inflation fears impacted US Treasury bonds.The S&P/NZX 50 Index fell 0.46% or 60.06 points to close at 12,965.01.The US Treasury two-year yield rose to 4.07%, and the 10-year yield rose 4.5% amid investors' expectations of an upcoming Federal Reserve rate hike as inflation pressures rise.In domestic news, petrol and diesel prices in New Zealand increased by nearly 13% and 37%, respectively, in April compared with the previous month, according to a Stats NZ selected price indexes report.Also, New Zealand's manufacturing sector showed only marginal growth in April, as weakening demand and production pointed to a clear slowdown amid rising global uncertainty and softer business conditions, BusinessNZ said.In corporate news, Fletcher Building (ASX:FBU, NZE:FBU) entered into an unconditional agreement to sell its surplus Iplex Australia industrial property in Elizabeth for AU$20.1 million to an industrial property investor.Meridian Energy (ASX:MEZ, NZE:MEL) secured approval to develop the Bunnythorpe Energy Park in Manawatu in New Zealand's North Island, featuring a 120-megawatt (MW) solar farm alongside a previously approved battery energy storage system.
HRnetGroup (SGX:CHZ) subsidiary Octomate deployed its integrated cloud-based workforce management software for Cora Environment, according to a Friday filing with the Singapore Exchange.Cora Environment provides waste management solutions across Singapore and owns a material recovery facility, a medical and bio-hazardous waste treatment plant and an energy-from-waste plant.Octamate will serve the needs of around 800 Cora employees.
Key Coffee (TYO:2594) aims to lift return on equity to 3% in fiscal 2027 and 5% by fiscal 2030 as it focuses on improving profitability, operational efficiency, according to a Thursday filing on the Tokyo Stock Exchange.Net income attributable to owners of parent rose to 988 million yen in fiscal 2025 from 214 million yen in fiscal 2024, while net sales increased to 93.07 billion yen from 77.78 billion yen.Return on equity improved to 3.2% in fiscal 2025 from 0.7% a year earlier, while price-to-book ratio stood at 1.35 times.Under its medium-term management plan, the company forecasts net sales of 95 billion yen in fiscal 2026 and 99 billion yen in fiscal 2027. Net income attributable to owners of parent is projected at 750 million yen in fiscal 2026 and 1 billion yen in fiscal 2027.Return on equity is expected at 2.4% in fiscal 2026 and 3% in fiscal 2027 under the plan.Under its long-term strategy toward 2030, Key Coffee targets ROE of 5%, supported by efforts to lift profits, run operations more efficiently, focus on core businesses and improve coordination across the group.