Singapore company briefs: Golden Agri-Resources, JUMBO Group, Asiatravel.com and EcoWise Holdings.
Golden Agri-Resources said Thursday it has been allotted 13.85 million new shares of Bluebrahma Clean Energy Solutions with a face value of INR10 each, totaling INR190.45 million, or around US$2.57 million.
In a filing to SGX, Golden Agri said it now holds a 26 percent stake in Bluebrahma Clean Energy, which is involved in ethanol manufacturing and generating clean energy, making it an associated company. The subscription amount was settled in cash from internal resources, the filing said.
JUMBO Group has opened a second franchised JUMBO Seafood outlet in Ho Chi Minh City, Vietnam, located in district three, with the site the largest outlet outside of Singapore, the chilli crab restauranteur said in a filing to SGX Thursday.
“COVID-19 has been disruptive to our business plans around the region in the past two years. We are heartened to see the resilience of our franchise partner, and the support from our regional fans, which are reflected through the successful opening of our second outlet in Vietnam,” Ang Kiam Meng, group CEO and executive director of JUMBO, said in the statement.
“We believe in the potential of the regional markets, such as Vietnam, which are backed by a sizeable consumer base who appreciates quality Singapore seafood cuisine. We are actively exploring further growth opportunities with existing and new franchise partners to expand our regional presence,” Ang added.
EcoWise Holdings said Thursday one of its subsidiaries has received a formal notice from NEA that it breached a clause in its tenancy agreement requiring a security deposit of S$691,200. If the amount isn’t provided by 14 March, NEA may re-enter the property, EcoWise said in a filing to SGX.
The company said it is in talks on securing a facility for the security deposit and is in discussions with NEA.
Asiatravel.com said Thursday it has received a notice of delisting from SGX. The shares have been suspended from trade since July 2018 as it was unable to continue as a going concern, and since then, SGX RegCo has said its trading resumption proposal was inadequate, the company said in a filing to SGX.