Singapore company briefs: Duty Free International, ARA LOGOS Logistics Trust (ALOG), ESR-REIT, Mapletree Logistics Trust, Asiatravel.com and Ezion Holdings.
Mapletree Logistics Trust
Mapletree Logistics Trust said Friday it has completed the acquisition of Baeksa Logistics Centre in Icheon, Gyeonggi-do, South Korea.
ARA LOGOS Logistics Trust and ESR-REIT
Duty Free International
Duty Free International said Friday that the 2012 agreement between its subsidiary Kelana Megah (KMSB) to sell properties in Zon Johor Bahru to Berjaya Waterfront (BWSB) has been revoked as the deal had been extended several times, including in 2012, 2013 and 2018.
The consideration for the deal was to have been MYR27.99 million, and BWSB had paid MYR559,800 as an earnest deposit, Duty Free International said in a filing to SGX.
Asiatravel.com said Friday it intends to appeal the notification of delisting from SGX.
In addition, Asiatravel.com said, in a filing to SGX, that it has attempted to contact its controlling shareholder in March and April, but hasn’t received any response or exit offer. The company’s last correspondence with the controlling shareholder was in August 2021, the filing said.
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.
Ezion Holdings said Friday its wholly owned direct subsidiaries, Teras Genesis and Teras 336, have been placed under creditors’ voluntary liquidation.