SG briefs: Mermaid Maritime, Nutryfarm Intl, SPH

Durians at a fruit stand in Singapore’s Geylang neighbourhood; taken September 2021Durians at a fruit stand in Singapore’s Geylang neighbourhood; taken September 2021

Singapore company briefs: Mermaid Maritime PCL, Singapore Press Holdings (SPH) and Nutryfarm International.

Singapore Press Holdings (SPH)

Singapore Press Holdings (SPH) said Monday it would redeem all of its S$300 million 4.0 percent subordinated perpetual securities due to the cessation of trading of its shares.

Read more: Cuscaden Peak’s bid for SPH gets court approval

Nutryfarm International

Nutryfarm International said Monday its shares had been suspended from trade on SGX pending a review of its going concern issues.

Earlier this month, the company said its indirect wholly owned subsidiary LottVision (Hong Kong) had received letters of demand for S$3.88 million and US$271,849 for outstanding principal and interest due under a loan agreement.

Mermaid Maritime

Mermaid Maritime PCL has established an indirect 50 percent-owned subsidiary in the U.A.E., called Millennium 3 Ship Management and Operations DMCCO, based in Dubai Maritime City, to manage and operate the vessel Millennium 3, the company said in filing to SGX Sunday.

The stake is held by Mermaid Maritime’s indirect wholly owned subsidiary Mermaid Subsea Oil and Gas Services DMCEST, which provides subsea and related services to the oil and gas industry, the filing said.

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