SG briefs: SIA Engineering, Intraco, TEE Intl, CapitaLand Investment, Koufu, G.H.Y Culture

Koufu location at Anchorpoint Mall in Singapore; taken October 2018.Koufu location at Anchorpoint Mall in Singapore; taken October 2018.

Singapore company briefs: SIA Engineering, Intraco, TEE International, CapitaLand Investment, Koufu, G.H.Y Culture & Media Holding.

SIA Engineering 

SIA Engineering said Friday it has opened its new aircraft engine services (AES) facility in Singapore to provide maintenance services for Safran Aircraft Engines (SAE). 

The company invested around S$9 million to develop the facility, which will provide engine quick turn (EQT) and modification embodiment services for both CFM LEAP-1A and LEAP-1B engines, SIA Engineering said in a filing to SGX. 

Read SIA Engineering’s filing to SGX.

Intraco and TEE International

Intraco said Sunday its independent director, Hoon Chee Wai, has been asked to assist the Commercial Affairs Department (CAD) of the Singapore Police Force in its investigation of TEE International. Hoon, who has been an independent director of TEE International since December 2020, was not asked to surrender his passport, Intraco said in a filing to SGX.

Intraco noted the matter is not related to the company, and it won’t be affected by the investigation.

Read more: SGX RegCo reports Tee Intl to authorities over late disclosures

CapitaLand Investment

The 2022 Carbon Clean 200 index, which assesses how much revenue public companies earn from products and services aligned with a clean energy framework, ranked CapitaLand Investment as the top real estate company globally and the top Singapore company, according to a statement Friday. 

“As a global sustainability leader in real estate, CLI is committed to doing our part in addressing climate change and reducing our carbon footprint in over 250 cities across 30 countries where we have presence,” Lynette Leong, chief sustainability officer at CLI, said in the statement. 

Read CapitaLand Investment’s statement

Koufu

Dominus Capital, which is acquiring Koufu, said Friday it will exercise its right to compulsorily acquire the remaining shares of the company held by dissenting shareholders on or after 19 March, with the shares to be acquired at S$0.77 in cash each. 

The offer still remains open for acceptances by shareholders until 23 February, the offeror said in a filing to SGX.

Read more: Koufu receives management-led buyout offer to take company private

G.H.Y Culture & Media

G.H.Y Culture & Media Holding said Friday it entered into agreements to provide costume and make-up services for performers in the Beijing 2022 Winter Olympics opening ceremony. 

“The appointment is a strong endorsement of the capabilities of the group’s fast-growing Costumes, Props and Make-up Services team, led by award-winning designer Mr. Chen Minzheng. We look forward to continue working with Mr. Chen exclusively to expand this business segment,” Guo Jingyu, executive chairman and group CEO of GHY, said in a statement filed to SGX.

Read G.H.Y Culture’s filing to SGX.