SG briefs: UOB, Dasin Retail Trust, Darco Water, Nordic Group, Sarine Tech

UOB logoPhoto by Leslie Shaffer

Singapore company briefs: United Overseas Bank (UOB), Dasin Retail Trust, Darco Water Technologies, Nordic Group and Sarine Technologies.


UOB said in a LinkedIn post Monday it was one of the mandated lead arrangers and bookrunners for the Vietnam International Commercial Joint Stock Bank (VIB), which increased its three-year loan to US$260 million after attracting nine lenders. 

The loan will be used to support underserved SMEs and participants under the “Improving Living Conditions” project in Vietnam, the post said.

“By working with the Asian Development Bank and VIB, more individuals and companies in Vietnam will benefit from access to funding as they navigate the pandemic and emerge stronger,” Lim Lay Wah, UOB’s group head of global financial institutions group, said in the post.

Dasin Retail Trust

Dasin Retail Trust said Monday the lenders for both its onshore and offshore facilities have granted an extension of three months from 19 March to allow the REIT to explore the proposed deal to sell two malls, Shiqi Metro Mall and Xiaolan Metro Mall.

“The trustee-manager [of the REIT] hopes to see a successful conclusion to the refinancing exercise soon,” Dasin Retail Trust said in a filing to SGX. 

Read more: Dasin Retail Trust: Onshore and Offshore credit facilities extended another three months

Darco Water Technologies

Darco Water Technologies said Monday that after extensive evaluation of the alternative water treatment asset offered to the company by Wang Zhi for consideration, the company has determined it won’t proceed with an investment as the asset wouldn’t be in the interest of or beneficial to the company. 

The company will be reaching out to Wang Zhi for the compensation sum of S$2 million payable upon the notice of rejection, Darco Water said in a filing to SGX

Read more: Darco Water: Won’t proceed with acquisition of Gaoyi Project

Nordic Group

Nordic Group said Monday it has landed around S$151.6 million of contracts from Singapore, Malaysia, China and the Middle East, with new and repeat customers, comprising of multinational companies and
companies in the marine, offshore oil and gas, petrochemical, semiconductor, infrastructure and security industries. 

Read Nordic Group’s filing to SGX.

Sarine Technologies

Sarine Technologies said Monday the world’s oldest family-owned diamond brokerage The Bonas Group is adopting the Sarine Diamond Journey traceability program for creating fully traceable diamonds.

Read Sarine Technologies’ filing to SGX.

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