Global Logistic Properties: Logistics facilities
provider Global Logistic Properties (GLP) has signed 69,000 sq m of new
leases in China and Japan over the past three months, it announced on
Thursday. The customers are using the facilities to service growing demand from
online and offline retail distribution channels, it said.
TTJ Holdings: Structural steel provider TTJ
Holdings Ltd posted a 43 per cent drop in net profit for the second
quarter ended Jan 31 to S$3.1 million, as revenue and margins took a hit.
Revenue slipped 30 per cent to S$19.98 million during the quarter.
Silverlake Axis: One-and-a-half years after a
short-selling report targeted software firm Silverlake Axis' complex corporate
structure, the company is apparently moving to simplify it. Executive chairman
Goh Peng Ooi has proposed to sell his interests in his various Silverlake
private entities to the company.
Pavillon Holdings: Pavillon said on Wednesday
that it has entered into agreements with two investors from China for
investments worth US$10.14 million in its wholly owned subsidiary Pavillon
Financial Leasing (PFL). The new investors are Walum Holdings and Tianjin
Baorui International Trading; Walum Holdings' investment of US$7.97 million
will result in a shareholding of 12.26 per cent, while Tianjin Baorui's
investment of US$2.17 million will result in a 3.34 per cent shareholding.
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