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SGX:FQ7

9 stories mentioning SGX:FQ7Updated 10d ago

Every FINWIRES story that references SGX:FQ7, newest first.

Asia

Salt Investments Forms Strategic Advisory Committee, Appoints Chairperson

Salt Investments (SGX:FQ7) formed a committee of strategic advisors to support its board and management in identifying growth opportunities, strategic partnerships and innovation initiatives.The Singapore-listed company appointed Tan Chin Hwee as the committee's inaugural chairperson, according to a Friday Singapore Exchange filing.Tan previously served as Asia-Pacific CEO of Trafigura Group and led Apollo Global Management's Asian operations.

SGX:FQ7
Asia

Salt Investments Seeks Two-Month Extension to Hold Annual Meeting

Salt Investments (SGX:FQ7) has applied for a two-month extension to hold its annual general meeting for the financial year ended March 31, 2026, as its external audit requires additional time to complete, according to a Friday Singapore Exchange filing.The company said its auditor, RT LLP, needs more time to complete the FY2026 audit, which is expected to finish by mid-September.Salt Investments is seeking an extension from July 31 to Sept. 30 from the Singapore Exchange Regulation and plans to submit a separate application to the Accounting and Corporate Regulatory Authority.The company said it is working toward holding the annual general by Sept. 30, or earlier if the audit is completed sooner.

SGX:FQ7
Asia

Salt Investments Sets Aside $1.2 Million for Tanker Acquisition

Salt Investments (SGX:FQ7) has decided to reserve around $1.2 million from private placement proceeds to acquire an oil/chemical tanker vessel, according to a Monday filing with the Singapore Exchange.The marine transportation company has already made a $90,000 deposit for the acquisition, while the vessel is undergoing inspection, due diligence and sea trials.The title of the vessel will be held through a subsidiary, Apex Excel Engineering, which is currently dormant.

SGX:FQ7
Asia

Singapore Shares Gain More Than 1% Over US-Iran Peace Hopes; Salt Investments Surges 33%

Singapore shares surged more than 1% at the close of trading on Tuesday, tracking broader regional gains, as investor sentiment received a boost from hopes of the US and Iran reaching a peace deal despite recent skirmishes.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,027.30 and 5,097.42 throughout the day. It ended the session at 5,097.42, up 59.56 points or 1.2% compared to Friday's close.On the corporate front, Salt Investments' (SGX:FQ7) shares surged over 33% at the close as its attributable loss to equity holders widened 136% to SG$12.6 million in the fiscal second half ended March 31 from SG$5.3 million a year earlier.

^STISGX:FQ7
Asia

Salt Investments' Fiscal H2 Loss Balloons Despite 158% Revenue Surge

Salt Investments' (SGX:FQ7) attributable loss to equity holders widened 136% to SG$12.6 million in the fiscal second half ended March 31 from SG$5.3 million a year earlier, according to a Monday filing with the Singapore Exchange.Loss per share came in at SG$0.000555, compared with SG$0.000530 in the year-ago period.The shipping company's revenue surged 158% year over year to SG$5.5 million from SG$2.1 million.

SGX:FQ7
Asia

Salt Investments Establishes Oil Distribution Companies

Salt Investments (SGX:FQ7) established two oil distribution companies, Harbourworld Energy Ltd. in British Virgin Islands, and Harbourworld Energy Pte. Ltd. in Singapore, according to a Sunday filing with the Singapore Exchange.Both companies will focus on oil distribution and logistics management of physical oil supplies.The marine and shipping company has a direct 51% stake in each company, which are currently dormant.

SGX:FQ7
Asia

Singapore Stocks Mirror Regional Gains Buoyed by IT Rally; Salt Investments Zooms 33%

Singapore shares surged on Monday, tracking regional sentiment lifted by a rally in technology stocks.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,924.31 and 4,960.14 throughout the day. It ended the session at 4,924.31, up 11.62 points or 0.2% compared to Thursday's close.On the corporate front, shares of Salt Investments (SGX:FQ7) soared over 33% at the close as it signed a placement agreement with Evolve Capital Advisory to raise up to SG$4.8 million.OxPay Financial Services (SGX:TVV) closed over 15% higher as its subsidiary, Oxygen7, secured a financial services license from the Gelephu Financial Services Office of Bhutan.Meanwhile, shares of Emerging Towns & Cities Singapore (SGX:1C0) fell nearly 17% at the close with the property developer forecasting a loss in the first quarter of the year.

^STISGX:1C0SGX:FQ7SGX:TVV
Asia

Salt Investments to Raise Nearly SG$5 Million Via Share Placement; Shares Surge 33%

Salt Investments (SGX:FQ7) signed a placement agreement with Evolve Capital Advisory to raise up to SG$4.8 million via the placement of up to 1.75 billion shares at SG$0.00275 per share, according to a Thursday filing with the Singapore Exchange.Shares of the maritime services company zoomed over 33% in Monday trading.The proposed placement will allow the company to raise funds for business expansion and to broaden its shareholder base.

SGX:FQ7
Asia

Mencast, Salt Investments to Deliver Integrated Oily-Waste Management Services

Mencast (SGX:5NF) unit Mencast Offshore & Marine and Salt Investments (SGX:FQ7) subsidiary Prosper Excel Engineering agreed to deliver integrated oily-waste management services, according to a Tuesday filing with the Singapore Exchange.Shares of Mencast were up nearly 1% in Wednesday trading.The collaboration, initially focused on the Singapore maritime sector, will combine Salt's customer network and Mencast's advanced marine-waste treatment infrastructure to create a fully integrated value chain.The tie-up will run for an initial period of two years, with an option to extend for another two, the filing said.

SGX:5NFSGX:FQ7

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