SG briefs: ComfortDelGro, ENGIE, ValueMax, Maxi-Cash, Alpha DX, Fortress Minerals

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Singapore company briefs: ComfortDelGro, ENGIE Group, ValueMax Group, Maxi-Cash Financial Services, Alpha DX and Fortress Minerals.

ComfortDelGro and ENGIE Group

ComfortDelGro‘s wholly owned subsidiary ComfortDelGro Engineering and ENGIE South East Asia, a wholly owned subsidiary of French multinational utility company ENGIE Group, have entered a joint venture to deploy and operate solar photovoltaic systems, the company said in a filing to SGX Friday. 

The joint venture, called ComfortDelGro ENGIE Solar, will be 49 percent owned by ComfortDelGro Engineering, with the remainder held by ENGIE, the filing said. 

Read more: ComfortDelGro-ENGIE partnership wins EV charger tenders from URA

ValueMax Group

ValueMax Group said Friday its associated company SYT Pavilion increased its investments in three wholly owned subsidiaries via subscribing to around 4 million new shares at MYR1 each for the purposes of applying for pawnbroking licenses in Malaysia. 

The investments were for MYR4 million in each of Well Chip (4), Well Chip (5) and Well Chip (6), for a total of MYR12 million, ValueMax said in a filing to SGX. The investments were funded by SYT Pavilion’s internal resources, the filing said.

Fortress Minerals

Fortress Minerals, in response to a query from SGX regarding trading activity, said Friday it wasn’t aware of any information not previously announced or any other reason which might explain the surge in its share price. 

On Friday, shares of Fortress Minerals jumped to end up 14.77 percent at S$0.505 in strong volume.

The company is an iron-ore concentrate producer in Malaysia.

Maxi-Cash Financial Services

Maxi-Cash Financial Services said Friday it used S$5.06 million of the proceeds raised in its December placement exercise as working capital to fund its secured lending business. 

The proceeds from the placement have been fully utilised, Maxi-Cash said in a filing to SGX. 

Read more: Maxi-Cash proposes share placement to raise as much as S$5.18M

Alpha DX Group

Alpha DX Group said Saturday it has received a letter of statutory demand from Kydon Holdings for alleged fees owed of S$1.9 million for the remaining consideration for the acquisition of Kydon Learning Systems Institute, now known as Zionext. 

The company is seeking legal advice to determine its next course of action, Alpha DX Group said in a filing to SGX.