3 stories mentioning SGX:5RCUpdated 30d ago
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ES Group (SGX:5RC) completed the sale and delivery of a vessel, ES Aspire, and received a balance payment of $4.3 million on June 3, according to an after-market Singapore bourse filing on Friday.The vessel disposal mandate was approved by the shipbuilding company's shareholders at an extraordinary general meeting on April 29, as part of its broader fleet rationalization strategy.
Singapore shares remained in green on Wednesday, tracking broader regional gains, with markets responding positively to retreating oil prices.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,963.16 and 5,008.37 throughout the day. It ended the session at 5,003.96, up 57.96 points or 1.2% compared to Tuesday's close.On the corporate front, shares of TrickleStar (SGX:CYW) zoomed nearly 74% at the close as the company signed a placement agreement with PrimePartners Corporate Finance to raise SG$2.4 million through the placement of around 79.1 million shares at SG$0.0306 per share.Valuetronics (SGX:BN2) shares closed nearly 14% lower, with the company slated to report a "significant" decrease in its net profit for the fiscal year ended March 31.Meanwhile, shares of ES Group (SGX:5RC) surged over 12% at the close after the offshore engineering company's subsidiary, ES Aspire, signed a binding memorandum of agreement to dispose of its 8,028 deadweight tonnage steel tanker to an unrelated third party.
Shares of ES Group (SGX:5RC) surged 8% on Wednesday after the offshore engineering company's subsidiary, ES Aspire, signed a binding memorandum of agreement to dispose of its 8,028 deadweight tonnage steel tanker to an unrelated third party.The unnamed buyer, who is involved in marine services and consultancy for regional tankers market, will pay a consideration of about $4.8 million for the Singapore-flagged vessel, according to a Tuesday filing with the Singapore Exchange.The disposal is expected to conclude before June 10.The transaction will allow the company to reduce its exposure to maintenance costs and to redeploy capital to its core business activities such as new building and repair segment, the filing said.
