Singapore company briefs: The Straits Trading Co., Yangzijiang Shipbuilding (Holdings) and Yangzijiang Financial Holding (YZJFH) and Dyna-Mac Holdings.
Yangzijiang Shipbuilding (Holdings) and Yangzijiang Financial Holding (YZJFH)
Yangzijiang Shipbuilding (Holdings) said Monday that the books have closed on determining shareholders’ entitlements to the dividend in specie of all of the shares of Yangzijiang Financial Holding (YZJFH); Yangzijiang Shipbuilding will distribute one YZJFH share for each share held in the shipbuilder, the company said in a filing to SGX.
The YZJFH shares, estimated to have a value of S$1.08 each, are expected to be reflected in shareholders’ securities accounts by 28 April, the day they are expected to begin trading on SGX, the filing said.
The Straits Trading Co.
The Straits Trading Co. said Monday it has priced S$170 million of 4.10 percent notes due 2026 as series 004 of its S$500 million multicurrency debt issuance program.
The net proceeds will be used for general corporate purposes, including refinancing existing borrowings and financing working capital and capital expenditure, Straits Trading said in a filing to SGX.
DBS Bank and UOB were the joint lead managers and bookrunners for the offering, the company said.
Dyna-Mac Holdings said Monday it obtained two contracts valued at S$90.3 million from new and repeat customers, bringing the net order book to S$461.1 million.
One contract is for additional work on an on-going FPSO Topside Module fabrication project, and the second is for the repair, refurbishment and reactivation of a Mobile Offshore Tender-Assisted Drilling Rig, the company said in a filing to SGX.