SG briefs: Wilmar, Keppel Infrastructure Trust, IREIT, OxPay, Q&M Dental

Palm fruit bunches. Photo by Mike Stezycki on UnsplashPalm fruit bunches. Photo by Mike Stezycki on Unsplash

Singapore company briefs: Wilmar International, Keppel Infrastructure Trust (KIT), IREIT Global, OxPay Financial and Q & M Dental Group (Singapore).

Wilmar International

Wilmar International has signed a memorandum of understanding (MOU) with the South East
Asian Rainforest Research Partnership (SEARRP) to collaborate on scientific research in sustainability and conservation, including forest rehabilitation, the agri-business said in a filing to SGX Monday. 

“This ongoing collaboration with SEARRP is part of an overarching approach by Wilmar to identify and mitigate negative climate impacts from our value chain,” Perpetua George, general manager of group sustainability at Wilmar, said in the statement. 

Keppel Infrastructure Trust

Keppel Infrastructure Trust (KIT) reported Monday its first quarter earnings before interest, taxes, depreciation and amortization (ebitda) rose 5.5 percent on-year to S$89.6 million, excluding Basslink‘s contribution and the divestment of the Fiji business. 

Ixom expanded its products with the acquisition of Bituminous Products and the divestment of the Fiji business, while City Energy sought new businesses, including Internet of Things (IoT) home services and electric vehicle charging services, KIT said in a filing to SGX

IREIT Global 

IREIT Global said Monday that the lease with MG Generalmietgesellschaft mbH, or GMG, the sole tenant at its Bonn Campus, has been extended by 12 months at the current rental rates. 

Under the lease agreement, GMG would have needed to notify IREIT if it intended to terminate its lease one year before the expiry on 16 April 2023, the REIT said in a filing to SGX, adding that as no notification was provided, the lease was automatically extended to 16 April 2024. 

The manager is in talks with GMG to further extend the lease, the filing said.

OxPay Financial and Q & M Dental Group (Singapore)

OxPay Financial said Monday it has been appointed the digital payment service provider for all 99 Q & M Dental Group (Singapore) clinics in Singapore. 

“The partnership with Q & M Dental presents a sizeable opportunity for OxPay, as credit cards and digital wallet payments account for a majority of Q & M Dental’s clinics’ total transactions,” OxPay said in a filing to SGX.

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