Singapore company briefs: SGX and Aramco, Hotel Grand Central, Mermaid Maritime and Japan Foods Holding.
SGX and Aramco
State-owned Saudi Arabian Oil, known as Aramco, is in discussions to list more shares of the company — possibly as much as a US$50 billion stake, or around 2.5 percent, on the Riyadh stock exchange and a secondary listing, which could be in London, Singapore or other venues, the Wall Street Journal reported Friday, citing people familiar with the matter.
Hotel Grand Central
Hotel Grand Central disclosed Tuesday that the purchaser of the 300 Flinders Street property is Futuro Capital, which is an Australia-based private property group. Futuro Capital has A$570 million in assets under management, according to its website.
The company said Monday it had entered a deal to sell the property, located in Melbourne, Australia, for A$80.8 million.
In addition, the book value and net tangible asset value of 300 Flinders Street is A$86 million, based on a valuation completed at end-2020, Hotel Grand Central said in a filing to SGX Tuesday in response to questions from the exchange. The loss on disposal of the property will be A$4.92 million, the company said.
Japan Foods Holding
Japan Foods Holding said Tuesday the company and Ajisen Investments (International) have incorporated a subsidiary, Golden Bird Group, to operate ramen restaurants in Shanghai, China, under the Konjiki Hototogisu brand.
Ajisen Investments (International) will hold 70 percent of the venture, while Japan Foods Holding will hold the remainder, the company said in a filing to SGX.
The first outlet was opened at the Shanghai IFC Mall in late January, the filing said.
Japan Foods holds the exclusive rights to the Konjiki Hototogisu brand in Singapore, Hong Kong and Shanghai, the filing said.
Mermaid Maritime said Tuesday its subsidiary Mermaid Subsea Services (International), or MSSI, entered a two-year charter-in contract for the DP2 diving support construction vessel (DSCV) called Van Gogh.
The vessel will be deployed to support subsea projects beginning this month, and may be used for several longer term projects in West Africa, the company said in a filing to SGX.