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SGX:1L2

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Asia

Hiap Seng's Subsidiary Gets Lease Extension for Four Tuas Crescent Lots; Shares Down 8%

Hiap Seng Engineering, a wholly-owned subsidiary of Hiap Seng Industries (SGX:1L2), has secured an extension of its leases for four lots in Tuas Crescent, Singapore, from the Singaporean government agency JTC, according to a Tuesday filing to the Singapore stock exchange.JTC confirmed on Sept. 11 that Hiap Seng Engineering had complied with the terms of the lease-extension offer. Accordingly, JTC granted an extension of the leases until Aug. 15, 2038.Shares of the engineering services provider were down 8% in Wednesday afternoon trade.

SGX:1L2
Asia

Hiap Seng Industries Establishes New Company in Singapore

Hiap Seng Industries (SGX:1L2) established a new company in Singapore, named, Hiap Seng Energy Technology, according to a Saturday filing with the Singapore Exchange.The company will serve as a general contractor for building construction and has an issued and paid-up capital of SG$2, comprising 2 shares.

SGX:1L2
Asia

Hiap Seng Industries Fiscal H2 Profit Falls to SG$1.6 Million

Hiap Seng Industries (SGX:1L2) attributable profit to equity holders fell to SG$1.6 million in the fiscal second half ended March 31 from SG$2.1 million a year earlier, according to a filing with the Singapore Exchange.Earnings per share came in at SG$0.0003 compared with SG$0.001 in the year-ago period.The construction engineering company's revenue jumped 31% year over year to SG$13.4 million from SG$10.2 million.The company declared a final dividend of SG$0.0002 per share.

SGX:1L2

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