SG briefs: CapitaLand Integrated Commercial Trust, KTL Global

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The JCube mall located at 2 Jurong East Central 1 in Singapore. Credit: CapitaLandThe JCube mall located at 2 Jurong East Central 1 in Singapore. Credit: CapitaLand

Posted By: Leslie Shaffer Friday, 11 March 2022 01:54:16

Singapore company briefs: CapitaLand Integrated Commercial Trust and KTL Global.

CapitaLand Integrated Commercial Trust

CapitaLand Integrated Commercial Trust said Thursday it has completed the sale of its holding in the JCube property in Singapore. 

Read more: UPDATE: CICT to sell JCube to CapitaLand Group subsidiary for S$340M

KTL Global

KTL Global said Thursday the lenders in its convertible loan facility of up to S$2 million — He Yi, Lin Miaoli and Ng Yu Shu Andy –have opted to exercise their rights to convert their loans into new shares. 

The company has issued 32.26 million conversion shares at S$0.062 each, representing around 9.28 percent of the enlarged share capital, KTL Group said in a filing to SGX.

The new shares will be listed on SGX on or around 11 March, the filing said.

KTL Global operates in sales and distribution of fresh vegetable and fruit produce in Southeast Asia. The company also provides brand management services in China.

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