8 stories mentioning SGX:E3BUpdated 40d ago
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Wee Hur's (SGX:E3B) principal Australian subsidiary, Wee Hur (Australia), named Scott Peter William as its new chief executive officer, effective Aug. 1, according to a Monday filing with the Singapore Exchange.William has been promoted from the position of deputy chief executive officer.
Singapore shares fell on Thursday, tracking regional losses as the US Federal Reserve held interest rates steady, prompting concerns over the ability of chief Kevin Warsh to bring down inflation.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,638.94 and 5,683.35 throughout the day. It ended the session at 5,673.58, down 39.61 points or 0.7% compared to Wednesday's close.On the corporate front, shares of Wee Hur (SGX:E3B) were down nearly 1% at the close as its subsidiary, Wee Hur (Hong Kong), formed a joint venture with WM (Hong Kong) to establish Wee Hur Bedford.Yoma Strategic (SGX:Z59) closed over 1% higher as its subsidiary, Yoma Development Group, disclosed an entry into a joint venture with Yangon Nominees to develop the Moe Ma Kha Garden Residence project in Myanmar.Meanwhile, shares of Singtel (SGX:Z74) were down nearly 1% as its Australian unit, Optus, was informed by the Australian Communications and Media Authority about proceedings in the Federal Court of Australia against it over an alleged breach by Optus Mobile over several provisions of the Telecommunications Determination 2019.
Wee Hur's (SGX:E3B) subsidiary, Wee Hur (Hong Kong), formed a joint venture with WM (Hong Kong) to establish Wee Hur Bedford, according to a Wednesday filing with the Singapore Exchange.Wee Hur Bedford, a special purpose vehicle, will be owned 90% by Wee Hur and 10% by WM, the filing stated.The SPV holds the entire issued share capital of Wee Hur Belmont, the vehicle through which the JV will own, redevelop and manage One Bedford Place, a Grade A commercial building in Kowloon, Hong Kong, converting it into purpose-built student accommodation.
Singapore shares closed in red on Wednesday, losing more than 1%, tracking regional losses as investor sentiment took a hit following a series of strikes on Iranian military sites by the US following the downing of an American helicopter.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,939.53 and 5,015.17 throughout the day. It ended the session at 4,958.85, down 64.40 points or 1.3% compared to Tuesday's close.On the corporate front, shares of Wee Hur Holdings (SGX:E3B) were up over 2% at the close as the developer acquired a 26-story office tower in Hong Kong named One Bedford Place.Pan-United's (SGX:P52) shares were down over 1% as its subsidiary, AiR Digital Solutions, secured an ISO/IEC certification for its AI-powered operations management platform.Meanwhile, Singapore Post (SGX:S08) unveiled a SG$30 million automated sortation hub at the Tampines Regional eCommerce Logistics Hub.
Wee Hur Holdings (SGX:E3B) has acquired a 26-story office tower in Hong Kong named One Bedford Place, according to a filing with the Singapore Exchange on Tuesday.Shares of the property developer were up over 2% in Wednesday trading.Wee Hur intends to convert the tower into a 500-bed student housing project, with operations expected to start in the first half of 2028.Bank of East Asia has assumed control of the property after developer Lofter Group encountered financial difficulties in managing the distressed asset, according to a Tuesday report by the South China Morning Post.
Wee Hur (SGX:E3B) has made a foray into Hong Kong's purpose-built student accommodation (PBSA) market through a joint venture with Starvia Holdings, according to a Friday filing with the Singapore Exchange.The company has secured a master lease over Starvia by Y Suites on Fortress Hill, which comprises 246 beds across 19 stories. Leasing expected to start in the second half of 2026.The move expand the company's PBSA portfolio and grants it entry into a new market, while addressing Hong Kong's forecasted PBSA shortfall of around 120,000 beds by 2028.
Singapore shares ended in the red zone on Thursdaay once more, as investors weighed a volatile geopolitical landscape against a backdrop of shrinking foreign exchange reserves across Asian markets.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,980.53 and 5,015.09 throughout the day. It ended the session at 4,995.94, down 8.02 points or 0.2% compared to Wednesday's close.On the corporate front, shares of AEM (SGX:AWX) surged nearly 19% at the close as the semiconductor solutions provider reported a 329% increase in its net profit during the first quarter of the year to SG$14.3 million from SG$3.3 million a year earlier.Singapore Post's (SGX:S08) shares closed over 5% lower, as its attributable profit to equity holders fell 82% in the fiscal second half ended March 31 to SG$41.2 million from SG$222.5 million a year earlier.Meanwhile, shares of Wee Hur (SGX:E3B) were down over 1% even as the company's private residential development in Singapore, Bartley Vue, secured a temporary occupation permit.
Wee Hur's (SGX:E3B) private residential development in Singapore, Bartley Vue, secured a temporary occupation permit, according to a Wednesday filing with the Singapore Exchange.Shares of the property developer were down nearly 1% in Thursday trading.The 115-unit development sold fully at an average price of about SG$1,850 per square foot.Handover is expected to commence later this month, the filing added.
