SG briefs: SingPost, LMIR Trust, MoneyMax, KTL Global

Singapore Post post boxes at the SingPost mCentre March 2018.Singapore Post post boxes.

Singapore company briefs: Singapore Post (SingPost), Lippo Malls Indonesia Retail Trust (LMIRT), MoneyMax Financial Services and KTL Global.

Singapore Post (SingPost)

Singapore Post (SingPost) has set a target of net-zero carbon emissions for its domestic operations by 2030, and for its global business units by 2050, the postal and logistics company said in a filing to SGX Friday.

“As Singapore’s leading logistics company, we are committed to positive changes by focusing on our environmental and social responsibility. Our net zero target signifies this commitment,” Michelle Lee, head of sustainability and corporate services at SingPost, said in the statement.

Lippo Malls Indonesia Retail Trust (LMIRT)

Lippo Malls Indonesia Retail Trust (LMIRT) said it is “cautious yet confident” its malls are well-positioned for a recovery as Indonesia has eased some Covid-related restrictions on overseas travellers and on public mobility.

“With the recovering Covid-19 situation in Indonesia and the easing of social restrictions, we have been gradually reducing our rental discount to tenants except for certain key tenants or tenants operating in sectors still significantly affected by the pandemic, such as entertainment spaces,” LMIRT said in a filing to SGX Friday with answers to shareholders’ questions before its annual general meeting (AGM).

The trust noted that pre-Covid, its occupancy rate was above 90 percent at its malls, but has since fallen to 80.9 percent. LMIRT said it didn’t believe the decline was structural, and it expected the occupancy rate to improve as pandemic-related restrictions are removed.

MoneyMax Financial Services

MoneyMax Financial Services has no plans to expand into the “buy now pay later” (BNPL) business, the pawnshop operator said  in a filing to SGX Friday with answers to shareholders’ questions before its annual general meeting (AGM).

KTL Global

KTL Global said in a filing to SGX Thursday it has entered a deal to acquire 51 percent of Ebuy, which sells and distributes fresh produce such as fruits and vegetables as well as other food products, for S$1.48 million.