SG briefs: ALOG, ESR-REIT, Mapletree Logistics,, Ezion, Duty Free Intl

South Korean flags. Photo by Stephanie Nakagawa on UnsplashSouth Korean flags. Photo by Stephanie Nakagawa on Unsplash

Singapore company briefs: Duty Free International, ARA LOGOS Logistics Trust (ALOG), ESR-REIT, Mapletree Logistics Trust, 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.

Read more: Mapletree Logistics Trust to acquire South Korea logistics property for around S$100M

ARA LOGOS Logistics Trust and ESR-REIT

ARA LOGOS Logistics Trust said Friday that the court hearing on its expected merger with ESR-REIT is set for 18 April, with the expected last date of trading on 19 April. 

Read more: ESR-REIT and ARA LOGOS Logistics Trust unitholders approve merger

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between its subsidiary Kelana Megah (KMSB) to sell properties in Zon Johor Bahru to Berjaya Waterfront (BWSB) has been revoked as the deal had been extended several times, including in 2012, 2013 and 2018.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. said Friday it intends to appeal the notification of delisting from SGX. 

In addition, 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.

Read more: seeks extension to file 2Q18 results amid ‘minor cash flow issues,’ resignations (published 12 August 2018)

Ezion Holdings

Ezion Holdings said Friday its wholly owned direct subsidiaries, Teras Genesis and Teras 336, have been placed under creditors’ voluntary liquidation.