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SGX:1V3

13 stories mentioning SGX:1V3Updated 20d ago

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Asia

Mooreast Closes in on Sale of Singapore Leasehold Property

Mooreast (SGX:1V3) received a deposit of SG$1.2 million for the sale of its subsidiary's leasehold property in Singapore to HLMG-Nuform System, which exercised its option to purchase the asset, according to a Thursday bourse filing.The deposit represents 5% of the total consideration for the property, excluding the option fee of SG$297,000.Earlier, the company's subsidiary, Mooreast Asia, granted HLMG-Nuform System an option to purchase the leasehold property for SG$29.7 million.

SGX:1V3
Asia

Mooreast Receives Listing Notice for 69 Million Capitalization Shares

Mooreast (SGX:1V3) received a listing and quotation notice from the SGX-ST, for up to 69.4 million capitalization shares to be issued as settlement for an SG$13 million shareholder loan, according to a Friday filing with the Singapore bourse.The proposed capitalization is structured in two tranches, with the first comprising 44.4 million shares at an issue price of SG$0.135 per share to settle SG$6 million. The second tranche comprises 25 million shares at an issue price of SG$0.28 per share to settle the remaining SG$7 million.

SGX:1V3
Asia

Singapore Shares Slide as US-Iran Switzerland Talks Called Off

Singapore shares snapped their winning streak on Friday as the US-Iran negotiations in Burgenstock, Switzerland were called off following Israel's airstrikes on Lebanon.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,159.95 and 5,226.03 throughout the day. It ended the session at 5,192.70, down 20.14 points or 0.4% compared to Thursday's close.On the corporate front, Lum Chang Creations (SGX:LCC) creations was down over 3% as its parent, Lum Chang (SGX:L19), proposed to sell up to 12.3 million shares for around SG$9.3 million, as part of regulatory requirements for the unit's proposed transfer to the Mainboard of the Singapore Exchange Securities Trading.Meanwhile, shares of Mooreast (SGX:1V3) were up nearly 1% at the close as the mooring company agreed to assume the SG$13.0 million shareholder loan of subsidiary Mooreast Asia and extend its maturity by five years to Nov. 23, 2031.

^STISGX:1V3SGX:L19SGX:LCC
Asia

Mooreast Signs Deal to Convert Subsidiary's SG$13 Million Shareholder Loan Into Shares

Mooreast (SGX:1V3) agreed to assume the SG$13.0 million shareholder loan of subsidiary Mooreast Asia and extend its maturity by five years to Nov. 23, 2031, according to a Friday filing with the Singapore Exchange.Under the new terms, the mooring company will partially settle the debt through the issuance of more than 44.4 million new shares to the lender, deputy chairman Sim Koon Lam, at SG$0.135 per share or a total of SG$6.0 million.Meanwhile, the remaining SG$7.0 million can be settled through the issuance of 25 million shares at SG$0.28 per share.The debt-to-equity conversion exercise would allow the company to strengthen its balance sheet.

SGX:1V3
Asia

Singapore Shares Recover to Surge as Trump Hints at Deal with Iran; Mun Sion Engineering Plunges 9%

Singapore shares surged more than 1% on Tuesday, tracking regional gains, as markets reacted positively to news that the US president, Donald Trump, could be set to conclude a peace deal with Iran.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,964.66 and 5,026.76 throughout the day. It ended the session at 5,023.25, up 59.58 points or 1.2% compared to Monday's close.On the corporate front, shares of Mun Siong Engineering (SGX:MF6) slid over 9% at the close as it named Kirk Keng Chong as its group chief financial officer, effective June 8.Mooreast (SGX:1V3) was down over 9% as it raised around SG$6 million through the private placement of around 44.5 million shares at SG$0.135 apiece.Meanwhile, shares of Ley Choon Group (SGX:Q0X) were up over 2% as it secured underground utilities service contracts worth SG$24.5 million.

^STISGX:1V3SGX:MF6SGX:Q0X
Asia

Mooreast Raises SG$6 Million via Private Placement

Mooreast (SGX:1V3) raised around SG$6 million through the private placement of around 44.5 million shares at SG$0.135 apiece, according to a Monday filing with the Singapore Exchange.The new shares represent around 14.7% of the mooring company's enlarged share capital.Proceeds from the placement will be used on working capital and ongoing projects, including the development of the company's recently-acquired waterfront facility at 60 Shipyard Crescent, the filing said.

SGX:1V3
Asia

Mooreast Named Exclusive ASEAN Partner for Swedish Energy Firm

Mooreast (SGX:1V3) signed an exclusive five-year agreement with Sweden-based SeaTwirl AB for its representation in the ASEAN market, according to a filing with the Singapore Exchange on Tuesday.Under the agreement, the company will be SeaTwirl's partner for its vertical-axis wind turbine technology in the region.Through the partnership, the company will gain access to European floating wind technology, while SeaTwirl will become an entry partner in the region.

SGX:1V3
Asia

Singapore Shares Rise Nearly 1% on US-Iran Ceasefire Deal; HS Optimus Surges 17%

Singapore shares surged nearly 1% at the close of trading on Friday, tracking broader regional gains, as investor sentiment received a boost from the US and Iran reaching a preliminary deal to extend a ceasefire by 60 days.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,009.77 and 5,041.11 throughout the day. It ended the session at 5,037.86, up 48.67 points or nearly 1% compared to Thursday's close.In economic news, Singapore's manufacturing prices continued to surge in April, backed by strong performances across the oil and non-oil indices, the city-state's Department of Statistics reported.Meanwhile, Singapore's Export Price Index rose 13.3% year on year in April, following an 8.7% rise in the preceding month, the city-state's Department of Statistics reported.On the corporate front, shares of HS Optimus (SGX:504) surged nearly 17% at the close as it booked an attributable profit to owners of SG$4.1 million during the fiscal second half ended March 31, against an attributable loss of SG$815,000 a year earlier.Mooreast (SGX:1V3) shares closed nearly 18% higher as it signed a placement agreement with ZICO Capital to raise around SG$6 million through the placement of up to 44.5 million shares at SG$0.135 per share.Meanwhile, shares of Beng Kuang Marine (SGX:BEZ) were up nearly 2% at the close after it issued 57.1 million shares at SG$0.35 per share to ISUSTAINABILITY and SPPG, in connection with the acquisition of the remaining 49% stake in Asian Sealand Offshore and Marine.

^STISGX:1V3SGX:504SGX:BEZ
Asia

Mooreast's Shares Surge Over 15% on Placement Plan to Raise SG$6 Million

Mooreast (SGX:1V3) signed a placement agreement with ZICO Capital to raise around SG$6 million through the placement of up to 44.5 million shares at SG$0.135 per share, according to a Thursday filing with the Singapore Exchange.Shares of the mooring company zoomed over 15% in Friday's late-morning trade.The placement exercise is aimed at strengthening the company's financial position and capital structure, with proceeds allocated for general working capital needs.

SGX:1V3
Asia

Singapore Shares Incur Further Losses as US-Iran Conflict Subdues Regional Markets

Singapore shares remained in the red zone on Tuesday, tracking regional losses as investors continued their apprehensive response towards the stalling peace talks between the US and Iran.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,882.01 and 4,930.02 throughout the day. It ended the session at 4,887.69, down 5.04 points or 0.1% compared to Monday's close.On the corporate front, shares of H2G Green (SGX:5AI) surged nearly 17% at the close as its subsidiary, GasHubUnited Utility, commissioned a major liquefied natural gas facility in Singapore.Mooreast (SGX:1V3) zoomed over 12% as its unit, Mooreast Asia, plans to divest a leasehold property in Singapore.Meanwhile, shares of Addvalue Technologies (SGX:A31) closed over 9% lower even though it received new orders worth around $2.9 million for its space connectivity business.

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Asia

Mooreast to Divest 51 Shipyard Road for SG$30 Million; Shares Rise 10%

Mooreast (SGX:1V3) said its unit Mooreast Asia plans to divest a leasehold property in Singapore, according to a Monday filing with the Singapore Exchange.Shares of the mooring services provider jumped over 10% in Tuesday trading.Mooreast granted HLMG-Nuform System an option to purchase 51 Shipyard Road, a waterfront facility spanning about 30,691 square meters, for SG$29.7 million.Proceeds from the sale will fund expansion and operational works at Mooreast's newly acquired facility at 60 Shipyard Crescent, which spans 98,919 square meters and will support subsea foundation fabrication and serve as a logistics hub to stage, store and assemble equipment.

SGX:1V3
Asia

Singapore Shares Extend Loss as US-Iran Talks Stall; Addvalue Technologies Surges 36%

Singapore shares remained in the red zone on Monday amid stalled U.S.-Iran peace negotiations.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,885.96 and 4,925.71 throughout the day. It ended the session at 4,892.73, down 30.13 points or 0.6% compared to Friday's close.In economic news, Singapore's manufacturing output jumped 10.1% in March, backed by strong growth across almost all clusters, according to the city-state's Department of Statistics.On the corporate front, shares of Addvalue Technologies (SGX:A31) zoomed over 36% at the close as the company filed an application to the SGX-ST for a proposed spin-off of its Inter-Satellite Data Relay System business on Nasdaq.Mooreast's (SGX:1V3) shares closed over 6% higher as its subsidiary, Mooreast Asia, granted HLMG-Nuform System an option to purchase its leasehold property in Singapore for SG$29.7 million.Meanwhile, shares of MoneyMax Financial Services (SGX:5WJ) were up nearly 3% at the close as it raised around SG$43.4 million through the issuance of shares.

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Asia

Mooreast Unit to Dispose of Industrial Property for SG$30 Million; Shares Surge 8%

Mooreast's (SGX:1V3) subsidiary, Mooreast Asia, granted HLMG-Nuform System an option to purchase its leasehold property in Singapore for SG$29.7 million, according to a Monday filing with the Singapore Exchange.The property is used for steel fabrication, warehousing, yard services, and office operations.The disposal is part of the company's strategy to raise funds to further expand its business and to support capital deployment for the acquisition of a newly acquired property.Shares of the mooring solutions company surged over 8% in Monday trading.

SGX:1V3

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