NAN FUNG RAISES OFFER PRICE FOR FORTERRA TRUST TO S$2.25/UNIT FROM S$1.85 PRIOR
Forterra Trust said Monday that Nan Fung International Holdings
has raised its offer to buy all the units in the trust that the
Hong Kong property developer doesn't already own. (published 0248
GMT)
FORTERRA TRUST GETS $300 MILLION LOAN FROM INDUSTRIAL & COMMERCIAL BANK OF CHINA
Forterra Trust has secured a $300 million loan from the
Industrial & Commercial Bank of China Ltd. as part of the real
estate trust's efforts to refinance existing loans. (published 0150
GMT)
OTIS ELEVATOR WINS S$120 MILLION SINGAPORE GOVERNMENT CONTRACT
Otis Elevator Co. has won a contract worth 120 million Singapore
dollars to supply elevators and escalators for a Singapore
government train project, according to a statement by Singapore's
Land Transport Authority on Monday. (published 0331 GMT)
ITC CORP EXPECTS TO SWING TO PROFIT FOR APRIL-SEPTEMBER 2014
Hong Kong-listed investment firm ITC Corp. said Friday it
expects a profit for the April-September period, partly buoyed by
gains from its property unit. (published 0210 GMT)
MAPLETREE LOGISTICS TRUST TO BUY PROPERTY WORTH $19 MILLION IN SOUTH KOREA
Mapletree Logistics Trust Ltd. said it has signed a deal with
Smart Logis Asset Development Co. to buy a property in South Korea
for 21.4 billion Korean won . (published 0144 GMT)
COASTAL GREENLAND EXPECTS TO SWING TO LOSS FOR APRIL-SEPTEMBER 2014
Chinese developer Coastal Greenland Ltd. said Friday it expects
to swing to a loss for the April-September 2014 period from a year
earlier, partly dragged by weaker property sales. (published 0137
GMT)
CHINA FISHERY GROUP FISCAL YEAR NET PROFIT FALLS 20%
China Fishery Group Ltd. net profit declined 20% last fiscal
year after the industrial fishing firm paid higher interest and in
the absence of a one-time gain in the previous fiscal year.
(published 0132 GMT)
SINOPHARM GROUP TO RAISE ABOUT 5.55 BILLION HONG KONG DOLLARS VIA SHARE PLACEMENT
Chinese pharmaceutical company Sinopharm Group Co. Ltd. said
Monday it plans to raise about 5.55 billion Hong Kong dollars via a
share placement and will use the net proceeds for the expansion of
pharmaceutical distribution and retail network. (published 0110
GMT)
AXIATA GROUP 3Q NET DOWN 11%; FLAGS REVENUE PRESSURE
Axiata Group Bhd, Malaysia's largest telecom company by revenue,
said Monday net profit slipped 11% in the third quarter mainly due
to lower revenue in Malaysia and foreign exchange losses, while
operating cost surged. (published 0539 GMT)