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SGX:504

7 stories mentioning SGX:504Updated 54d ago

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Asia

Singapore Shares Surge Over Rebound in Chipmaker Stocks; HS Optimus Zooms 17%

Singapore shares surged on Tuesday as investor sentiment drove a rebound in the chipmaker sector.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,493.02 and 5,543.89 throughout the day. It ended the session at 5,526.72, up 27.77 points or 0.5% compared to Monday's close.On the corporate front, shares of HS Optimus (SGX:504) surged nearly 17% at the close as it completed the acquisition of a 30% stake in Medicorp and issued 185.2 million shares to the seller.Frasers Centrepoint Trust (SGX:J69U) secured a tender for a mixed-use commercial and residential site at Bayshore Drive in Singapore for SG$2.1 billion.Meanwhile, Aedge Group's (SGX:XVG) subsidiary, IPF Investments, exercised an option to acquire a freehold property in Singapore for SG$7.5 million.

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Asia

HS Optimus Completes Acquisition of 30% Stake in Medicorp; Shares Surge 17%

HS Optimus (SGX:504) completed the acquisition of a 30% stake in Medicorp and issued 185.2 million shares to the seller, according to a Monday filing with the Singapore Exchange.Shares of the door manufacturer surged nearly 17% in Tuesday trading.The new shares are expected to be listed and quoted on or around July 22.Earlier, the company had agreed to acquire a 30% stake in Medicorp from Lee Rui Ren for SG$4.2 million.

SGX:504
Asia

HS Optimus Amends Acquisition Terms for Medicorp Stake

HS Optimus (SGX:504) amended the terms of its proposed acquisition of a 30% stake in Brunei-incorporated medical equipment company Medicorp from Lee Rui Ren, according to a Wednesday Singapore Exchange filing.Under the revised framework, HS Optimus' unit Ambertree can now acquire the shares while shifting certain pre-completion conditions into post-completion undertakings to expedite the process.Furthermore, the seller will ensure the company receives at least SG$900,000 in aggregate dividends over four financial years, while Medicorp is required to rectify outstanding licensing issues and statutory filing compliance within six months of completion.

SGX:504
Asia

HS Optimus Gets Bourse's Nod for Issuance of Shares for Medicorp Stake Buy; Shares Tank 14%

HS Optimus (SGX:504) received Singapore Exchange Securities Trading's approval for the issuance of new shares and option shares in connection with the acquisition of a 30% stake in Medicorp, according to a Wednesday bourse filing.Shares of the industrial doors provider plummeted over 14% in Thursday trading.Following approval, the company will issue up to 185.2 million shares as part of the SG$4.2 million consideration for the acquisition of the minority stake in Medicorp.

SGX:504
Asia

HS Optimus to Acquire 30% Stake in Medicorp

HS Optimus (SGX:504) agreed to acquire a 30% stake in Medicorp from Lee Rui Ren for SG$4.2 million, according to a Tuesday filing with the Singapore Exchange.Medicorp is a Brunei-incorporated medical equipment and supplied company.The acquisition will be satisfied through the issuance and allotment of new shares in the company's capital at an aggregate value of up to SG$1 million and balance of the consideration will be made in cash at SG$0.0054 per share.Upon completion, Medicorp will become and associate company of HS Optimus, the filing said.Under the agreement, the manufacturer and distributor of doors can also have a put option to purchase an additional stake in Medicorp for SG$2.7 million within three years, taking the potential shareholding to 49%.

SGX:504
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.

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Asia

HS Optimus Returns to Profit in Fiscal H2

HS Optimus (SGX:504) 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, according to a Thursday bourse filing.Earnings per share came in at SG$0.00075 compared with SG$0.00015 in the year-ago period.Revenue declined 13% year over year to SG$5.6 million from SG$6.4 million.

SGX:504

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