BILLION DOLLAR CLUB: INDUSTRIAL CONGLOMERATES + INDUSTRIAL GOODS + CONSUMER GOODS CONGLOMERATES Singapore Technologies Engineering (ST Engineering) is one of the companies that made a clean sweep of all industry category awards up for grabs in the Billion Dollar Club. The comp...

Boustead Singapore reported a 90% decline in net profit of $9.3 million for its 2HFY2022 ended March 31, bringing the full-year net profit to $30.6 million, 73% lower y-o-y.After adjusting for other gains and losses net of non-controlling interests, impairments and the Jobs Support Scheme, net profi...

Intraco announced that it has entered into a binding heads of agreement with Messrs Mark Carnegie and Sergei Sergienko for a 51% investment in the capital of MHC Digital Co, by way of a combination of subscription for new shares and acquisition from the sellers of existing shares in MHC Singapore. ...

Boustead Singapore reported 13% higher y-o-y total profit of $25.9 million for 1HFY2022 ended September, while net profit fell 2% y-o-y at $21.3 million. After adjusting for other gains and losses net of non-controlling interests, impairments and the Jobs Support Scheme, net profit for 1HFY2022 woul...

Boustead Singapore has announced the appointment of Mak Lye Mun as an independent non-executive director of the company, from July 29. Mak is currently a member of the inaugural SGX Listings and Advisory Committee as well as the Listing Committee for ADDX (ICHS Tech) which looks into investments in ...

Wong Fong Industries’ wholly-owned subsidiary, Wong Fong Engineering, has been granted an option to purchase (OTP) by Lian Hoe Hardware on June 24. The OTP is in relation to the proposed acquisition of a property at 38 Joo Koon Road for a consideration of $6.5 million. The option fee of $64,880 re...

Boustead Singapore has reported earnings of $91.3 million for the 2HFY2021 ended March, 394% higher than earnings of $18.5 million in the same year before. This brings earnings for the FY2021 to $113.1 million, 266% higher than earnings of $30.9 million in the FY2020. The group’s full-year earning...