SG briefs: Yangzijiang, Keppel, Ascott Residence Trust, Mooreast

Singapore company briefs: Yangzijiang Shipbuilding (Holdings), Keppel Corp., Ascott Residence Trust and Mooreast Holdings. 

Yangzijiang Shipbuilding (Holdings)

Yangzijiang Shipbuilding (Holdings) said Wednesday it incorporated a wholly owned subsidiary Jiangsu Yangchuan Investment Development Co. in China with an issued and paid-up share capital of 10 million yuan. 

Read more: Yangzijiang to invest CNY900M in Jinyu Yangchuan venture capital fund

Keppel Corp.

Keppel Offshore & Marine, via wholly owned subsidiary Keppel Shipyard, has been awarded around S$250 million in contracts, Keppel Corp. said in a filing to SGX Wednesday. 

The contracts are for the conversion of a Floating Storage and Regasification Unit (FSRU), integration of a Floating Production Storage and Offloading (FPSO) vessel, and the jumboisation of two Trailing Suction Hopper Dredgers (TSHD), Keppel said. 

Read Keppel Corp.’s filing to SGX.

Ascott Residence Trust

Ascott Residence Trust said Wednesday it has completed the acquisition of the Kent Property, the final of the four student accommodation properties it agreed to acquire in late December 2021.

Read more: Ascott Residence Trust to acquire 4 US student accommodation properties for US$213M

Mooreast Holdings

Mooreast Holdings warned Wednesday it expected to report a net loss for the six months ended 31 December and for 2021. 

The loss is mainly due to one-off expenses related to Mooreast’s recent listing on SGX’s Catalist board, and on lower revenue recognition from the mooring division due to a slowdown in the number of projects amid Covid-related economic uncertainties, the company said in a filing to SGX.