4 stories mentioning SGX:BFTUpdated 8d ago
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Lincotrade & Associates (SGX:BFT) said a unit secured a contract worth about SG$70 million for addition and alteration works and office fit-out at an educational institution in Singapore.The project commenced on Aug. 1 and is expected to run for approximately 54 months.The company said the contract is expected to contribute positively to the group's financial performance over the duration of the project.
Lincotrade & Associates (SGX:BFT) 50% owned subsidiary, Linc-A, signed a non-binding term sheet to acquire 100% of Opto-Pharm for SG$17 million, according to a Tuesday filing with the Singapore Exchange.Shares of the industrial fitting-out services provider were down over 3% in Wednesday trading.Opto-Pharm is involved in the manufacturing and distribution of pharmaceutical ophthalmic and other solutions and owns properties in Tuas Avenue.The move is part of the company's strategy to expand its operations and support services.
Lincotrade & Associates' (SGX:BFT) unit, Lincotrade Capital, established a subsidiary, Linc-A, according to a Tuesday filing with the Singapore Exchange.The principal activity of the new business is interior fitting-out of assets in the living sector.Lincotrade Capital has a 50% stake in the new business, while Clear Bright Sky and Wee Henry own the remaining shareholding.
