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Author: traderhub8   |   Latest post: Wed, 18 Sep 2019, 9:14 AM

 

Phillip Capital Morning Note - 22 Aug 2019

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Noble Group Holdings (Noble Holdings) plans to rebuild its liquefied natural gas (LNG) and core energy businesses and develop rare earths as it seeks new life as a niche, Asia-focused commodity trader, sources aware of the matter said.

THE founding Lim family's voluntary conditional cash offer for steel trader Hupsteel has received valid acceptances representing 90.013 per cent in the mainboard-listed firm as at 5pm on Wednesday, Hupsteel announced in a regulatory filing that night.

SIIC Environment Holdings has incorporated a joint-venture (JV) company for potential investment, construction and operation of waste-to-energy projects in the Yangtze River Delta region, it announced on Wednesday.

KEPPEL Corporation unit Keppel Land China is entering a joint venture (JV) to acquire and develop a 3.8 hectare commercial and residential mixed-use development site in Nanjing, China, with an estimated total development cost in excess of five billion yuan (S$990 million), Keppel Corp announced on Wednesday.

CREATIVE Technology recorded a net loss attributable to equity holders of US$2.8 million for the fourth quarter ended June 30, compared with a net profit of US$25.6 million in the year-ago period, it said in a results release after market close on Wednesday.

Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR

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