Singapore company briefs: Livingstone Health Holdings, Eneco Energy, First REIT and Darco Water Technologies.
Eneco Energy‘s wholly owned subsidiary REL Oil & Gas has entered a deal to sell all of Ramba Energy Investments to Indonusa Oil for US$1, the company said in a filing to SGX Tuesday. Indonusa Oil will assume all of Ramba Energy Investments’ liabilities, the filing said.
“As part of the company’s ongoing efforts and process of streamlining and restructuring its business, the company wishes to dispose of its oil and gas assets and liabilities and focus on its logistics business,” Eneco Energy said.
First REIT said Tuesday Indonesia’s National Land Office (Badan Pertanahan Nasional) has extended one of the HGB titles for Siloam Hospitals Surabaya covering a land area of 684 square meters for another 20 years to September 2043.
Darco Water Technologies
Darco Water Technologies said Tuesday that in its filing of a Writ of Summons and Statement of Claim in the High Court of Singapore against Thye Kim Meng, the company’s former executive officer and director, the court dismissed the company’s claim and declined to make any finding of breaches on Thye’s part for a water project and a solar project.
The High Court has ordered the parties to provide their cost submissions by letter within two weeks, Darco Water said in a filing to SGX.
“The company is considering its options, including an appeal, against the judgment,” the company said.
Livingstone Health Holding has entered a tie-up with Vietnamese pharmaceutical company Phytopharma Joint Stock Co. and Truth Assets Management (S), or TAM, to study the development of a Livingstone Health-branded hospital on Phytopharma’s land parcels in Hanoi and Ho Chi Minh City in Vietnam, the Singapore-listed company said in a filing to SGX.
Under the deal, TAM will also assess potential healthcare project investment, development and expansion of Singapore-based healthcare services and opportunities in Vietnam, the filing said.