Trans-China Automotive's (SGX:VI2) revenue dropped 7.3% to 425.3 million yuan in the first quarter from 458.9 million yuan a year earlier, according to a Wednesday filing with the Singapore Exchange.
Trans-China attributed the decline to ceasing new car sales operations in its BMW Guangzhou dealership.
The automotive dealership said it delivered 1,142 units between January and March, down 12.4% from the year-ago period.
Shares of the company closed 8% lower on Wednesday.
Keppel (SGX:BN4) bought back 200,000 shares in the open market on Wednesday for about SG$2.2 million, according to a same-day filing with the Singapore Exchange.The infrastructure and real estate company has so far repurchased 4.1 million shares under its existing buyback mandate.
Aichi Financial Group (TYO:7389) and San ju San Financial Group (TYO:7322) will create a regional banking group with total assets worth more than 11.6 trillion yen, based on a basic agreement signed on Wednesday.The two companies aim to complete the business integration through an absorption-type merger by April 1, 2027, following the execution of a definitive agreement in September 2026 and shareholder approvals in December 2026.The merger is driven by the need to respond to Japan's declining population, the transition to a "world with interest rates," and intensifying competition from IT and digital technologies.The companies will maintain their separate bank brands after integration, operating under a two-brand structure.The merger remains subject to obtaining necessary approvals from relevant regulatory authorities, and the merger ratio will be determined later based on due diligence and third-party valuation.
NoonTalk Media (SGX:SEJ) entered into a loan capitalization deed with executive director and Chief Executive Officer Dasmond Koh Chin Eng, according to a Wednesday filing with the Singapore Exchange.Under the deed, the company's outstanding loan amount of SG$1.8 million extended by Dasmond will be offset through the issuance of 16.4 million shares in the company at SG$0.110 per share.Dasmond had extended the company an interest-free loan of SG$2 million on Oct. 9, 2024.The capitalization agreement will help the entertainment company reduce its existing liabilities and give it ample legroom to focus resources on stabilizing its business activities, the filing said.