Building & Engineering
ST Engineering gets green light from US to buy MRAS
ST Engineering gets green light from US to buy MRAS
The acquisition is set to close in the week beginning 15 April.
Nam Cheong auditors can't decide on using ‘going concern basis' for assessment
It said if Nam Cheong continues operations, they could be unable to discharge their liabilities.
Tritech Group arm bags $146.65m partnership project in China
It will build a sewage treatment plant and associated pipe networks in Laifeng County.
Sanli Environmental bags O&M contracts with PUB
The firm participate in the overhaul of centrifugal pumps, disintegrators and related equipment.
CIMIC's construction arm bags $114.69m contract
It will turn 3.6 km of a two-lane road to a four-lane divided road in Western Sydney’s Northern Road.
ST Engineering may see $200m in sales and cost savings from Newtec buy: analyst
The earnings contribution may hit over $10m by FY21 and onwards.
ST Engineering to buy Belgium satellite communications firm Newtec for $383m
The proposed acquisition will add intellectual property, products, and market access in Europe.
Lian Beng Group bags $117m construction deal
Its order book stands at $1.32b as at 18 March.
Keppel Infrastructure Trust raises placement and preferential offering proceeds by 11% to $500.8m
It cited strong demand from investors.
Keppel Infrastructure Trust to raise $450m via private placement and preferential shares
It will pay for its $737.04m acquisition of Ixom Holdings.
Reclaims Global opens at $0.179 apiece on trading debut
Its initial public offering (IPO) of 20 million invitation shares at $0.23 each was was approximately 1.03 times subscribed.
Keppel O&M bags US$425m repeat order for semisubmersible rig from Awilco
The rig is set to be completed on 1Q 2022.
Compact Metal Industries to delist on 8 March
The high court has approved its proposed restructuring scheme.
United Engineers' profits crashed 36% to $53m in FY2018
The revenue of its property development division declined 81% due to the absence of contributions from two projects.
ST Engineering clinches $813m aircraft maintenance contract with US operator
It will provide maintenance services for the customer’s 160 aircrafts starting 2020.
ST Engineering buys back 2 million shares for over $7m
The price per share ranged from $3.66 to $3.7.
ST Engineering's FY18 profits down 1.7% to $494.24m
It blamed the 39% drop in earnings from its land systems sector.
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