Singapore company briefs: GKE Corp., Suntec REIT, Trek 2000 International and Thai Beverage.
Suntec REIT has entered into a S$500 million facility agreement with various banks as a sustainability-linked loan (SLL) to refinance part of its outstanding borrowings and/or for working capital purposes, ARA Trust Management (Suntec), the REIT’s manager, said in a filing to SGX Thursday.
Trek 2000 International
Trek 2000 International said Thursday it has launched its new product, the Re-YTHM earbuds, its first line of earbuds.
The earbuds offer “recovery features,” including a drop alert via a voice notification through the earbuds if one is dropped, and flashing LED lights on the missing earbud, the company said in a filing to SGX. The product also has a proximity alter to notify users with an out-of-range voice notification if the earbuds are separated from the connected mobile devices by a short distance, the filing said.
Thai Beverage (ThaiBev) said Thursday its indirect wholly owned subsidiary South East Asia Logistics has incorporated a new wholly owned subsidiary, SEA Logistics & Technology, in Singapore as an investment holding company.
GKE Corp. said Thursday it has extended the deadline to receive payment from the purchaser of its 65 percent interest in Van Der Horst Logistics to 31 May from 8 April; the due date had been extended from 8 March previously.
“The purchaser has indicated that the delayed is due to the lockdown in Shanghai resulting in their banker requiring additional time for the processing and disbursement of funds,” GKE said in a filing to SGX. Shanghai has been placed in a lockdown to stem the spread of the Covid-19 virus.