SGX:Z4D

6 stories mentioning SGX:Z4D

Every FINWIRES story that references SGX:Z4D, newest first.

Singapore Shares Remain in Red Amid Fragile US-Iran Peace; Medi Lifestyle Down 10%

Singapore shares closed in the red zone on Friday, tracking regional losses, with investor sentiment taking a fresh hit after Iran warned the US of "full-scale resumption" of the conflict.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,041.58 and 5,084.00 throughout the day. It ended the session at 5,049.96, down 17.57 points, or 0.4%, from Thursday's close.In economic news, Singapore's total retail sales rose 5.4% year over year to SG$4.3 billion in April, according to the Statistics Department.On the corporate front, Medi Lifestyle (SGX:Z4D) plunged over 10% at the close as it reached an agreement with controlling shareholder, Chua Yi Hang, to offset part of a shareholder loan.Shares of Gallant Venture (SGX:5IG) closed over 5% higher as its unit, PT Batamindo Investment Cakrawala, secured financing for the development of a coal-fired power plant in Indonesia.Meanwhile, shares of Civmec (SGX:P9D, ASX:CVL) were up over 1% as it secured a series of new contract awards, panel extensions and orders across its resources, infrastructure, energy and maintenance divisions, lifting its order book to a record AU$1.5 billion.

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Asia10d ago

Medi Lifestyle Signs Debt Offset Deal; Shares Slide 8%

Medi Lifestyle (SGX:Z4D) reached an agreement with controlling shareholder, Chua Yi Hang, to offset part of a shareholder loan, according to a Thursday filing with the Singapore Exchange.Shares of the healthcare services provider were down over 8% in Friday trading.Under the agreement, Hang will subscribe to roughly 47.4 million new rights shares, which will offset SG$947,696 of an outstanding SG$1.5 million shareholder loan.Additionally, four other corporate insiders have committed to the share offering and have already deposited their subscription amounts into the company bank account, taking the total subscription to 107.1 million shares, amounting to about SG$2.1 million.Proceeds raised from the activity will be used to offset the loan, while the remaining amount will be used for general working capital needs, debt repayment and business development initiatives.

SGX:Z4D

Asia26d ago

Medi Lifestyle Secures Loan from Controlling Shareholder

Medi Lifestyle (SGX:Z4D) signed a loan agreement with controlling shareholder, Chua Yi Hang, for a non-interest bearing loan of up to SG$480,000, according to a Wednesday filing with the Singapore Exchange.The loan comprises the previously advanced SG$200,000 and a balance sum of SG$280,000.Chua currently has a 25.06% stake in the company.Under the agreement, Chua will have the right and option to make changes to the board during the loan's one-year term.Proceeds from the loan will be used for general working capital needs and for corporate activities.

SGX:Z4D

Asia34d ago

Singapore Shares Edge Higher Against Regional Slump Amid Renewed Middle East Tensions

Singapore shares closed marginally in positive territory Tuesday, proving resilient even as regional markets retreated on news that the U.S.-Iran ceasefire is nearing collapse.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,915.15 and 4,953.04 throughout the day. It ended the session at 4,946.00, up 3.23 points or nearly 0.1% compared to Monday's close.On the corporate front, OxPay Financial (SGX:TVV) surged nearly 13% at the close as it increased investment in its subsidiary, Oxygen7, through the subscription of 349,000 shares at $1 per share.Medi Lifestyle (SGX:Z4D) plunged nearly 8% at the close as it narrowed its attributable loss to owners by 21% in the first quarter of the year to 699,000 ringgit from 881,000 ringgit a year earlier.Meanwhile, shares of SIA Engineering (SGX:S59) were up over 3% at the close as the company's profit attributable to owners rose to SG$85.6 million in the fiscal second half ended March 31 from SG$70.8 million a year earlier.

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Asia34d ago

Medi Lifestyle CEO Steps Down as Executive Director; Shares Fall 8%

Shares of Medi Lifestyle (SGX:Z4D) declined nearly 8% in Tuesday's afternoon trade after Chief Executive Officer Herry Pudjianto resigned as an executive director of the board to focus on his duties as CEO.Effective May 13, Pudjianto will dedicate his full attention to the medical service company's operations and strategic growth plans, according to a Tuesday filing with the Singapore Exchange.

SGX:Z4D

Asia34d ago

Medi Lifestyle's Loss Shrinks 21% in Q1; Shares Plunge 10%

Med Lifestyle (SGX:Z4D) narrowed its attributable loss to owners by 21% in the first quarter of the year to 699,000 ringgit from 881,000 ringgit a year earlier, according to a Monday filing with the Singapore Exchange.Shares of the health services company slumped over 10% in late-morning trade on Tuesday.Loss per share came in at 0.0018 ringgit compared with 0.0054 ringgit in the year-ago period.Revenue dropped 93% year over year to 251,000 ringgit from 3.3 million ringgit.

SGX:Z4D