SG briefs: OxPay, Uni-Asia, GKE, Singapore Shipping

A stack of shipping containers. Photo by Bob Brewer on UnsplashA stack of shipping containers. Photo by Bob Brewer on Unsplash

Singapore company briefs: GKE Corp., OxPay Financial, Uni-Asia Group and Singapore Shipping Corp.

OxPay Financial

OxPay Financial said Thursday the Singapore police informed the company no further action would be taken over a report lodged over allegations of potential wrongdoing at the company’s annual general meeting (AGM) in April 2021.

Read more: OxPay Financial: Police report over AGM allegations

Uni-Asia Group

Uni-Asia Group said Thursday it wasn’t aware of any information not previously announced or any other explanation for the 4.72 percent drop in its share price in heavy volume on Thursday.

GKE Corp.

GKE Corp. said Thursday it has again extended the deadline to receive payment from the purchaser of its 65 percent interest in Van Der Horst Logistics, with the due date now 31 July.

“The purchaser has indicated that the delay is due to the prolonged lockdown in Shanghai resulting in the purchaser’s bank requiring additional time for the processing and disbursement of funds,” GKE said in a filing to SGX.

Singapore Shipping Corp.

Singapore Shipping Corp. reported Thursday its net profit for the fiscal year ended 31 March fell 4.3 percent on-year to US$9.83 million on revenue of US$45.81 million, up 8.6 percent on-year.

Transportation warehouse and terminal operating costs increased 62 percent on-year to S$9.35 million, the company said in a filing to SGX.

“The group continues to record stable results in its ship owning segment. Agency and logistics segment recorded an improvement in its business volume since the last financial year. This improved profitability helped to cushion higher overhead costs for the group,” Singapore Shipping said.