Singapore company briefs: ST Engineering, Aztech Global, Chip Eng Seng, Straco Corp. and ABR Holdings.
ST Engineering said Tuesday the Committee on Foreign Investment in the United States (CFIUS) approved its proposed acquisition of TransCore Partners and TLP Holdings.
The CFIUS clearance was the deal’s final regulatory hurdle and the acquisition is expected to close this month, the Singapore-listed company said in a filing to SGX.
Aztech Global said Tuesday its manufacturing operations in Dongguan, China, has been ordered to stop work from 15 March to 21 March to support the mass PCR testing exercise for all residents in the city to stem the spread of Covid-19.
The plant in Malaysia is fully operational and has sufficient raw materials inventory for its manufacturing needs, Aztech Global said in a filing to SGX.
Straco Corp. said Tuesday its subsidiary, Shanghai Ocean Aquarium, will close temporarily, starting Tuesday, due to the Covid-19 situation in the city.
“This temporary closure is voluntary and for the health and safety of all employees and the general public. The re-opening of the aquarium will be announced in due course, when situation improves,” Straco Corp. said in a filing to SGX.
Chip Eng Seng
Chip Eng Seng said Tuesday it has redeemed in full its outstanding S$100 million 6 percent fixed-rate notes due 2022 on the 15 March maturity date.
The aggregate outstanding principal amount was S$39 million after the company’s subsidiary accepted S$61 million in notes in exchange for new notes in November 2021, with the exchanged notes canceled in December, Chip Eng Seng said in a filing to SGX. The remaining notes have been cancelled, the filing said.
ABR Holdings said Tuesday it has completed the acquisition of the remaining 20 percent of Chilli Padi Holding (CPH) it didn’t already own for S$4.39 million.