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SGX:FQ7

6 stories mentioning SGX:FQ7Updated 17d ago

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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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