Simco, a private investment holding company, has acquired 25.8 million shares in HRnetGroup at 62.5 cents per share. Simco is owned by Peter Sim, Nelly Sim and Sim Joo Siang, who are deemed to have an interest in the shares held by Simco Limited. The Sim family owns HRnetGroup. The acquisition, whic...

A slew of oil and gas-related stocks surged with crude oil prices hitting a 30-month-high of US$71 per barrel. RH Petrogras, Marco Polo Marine, GSS Energy, Kim Heng, Interra Resources, Ausgroup, Sinostar PEC, REX International were all among the most actively traded stocks thus far this morning. AdC...

SINGAPORE (June 24): A group of individuals who joined hands to wrest control of Magnus Energy from its former board, has fallen apart in just half a year. On June 24, the company announced that Anthony Kuek Eng Chye, citing “irreconcilable differences” with executive director and CEO Charles Ma...

SINGAPORE (Feb 27): Sydney Yeung, group CEO and controlling shareholder of GSS Energy, has dropped plans to buy the key operating subsidiary of the company, Giken Sakata (S) – just over a month after the proposal was mooted. “The Company understands that Mr Yeung intends to focus his efforts to...

SINGAPORE (Feb 11): GSS Energy intends to acquire other new businesses if the deal to sell its precision engineering unit to its group CEO Sydney Yeung goes through, so as to avoid being deemed a “cash company”. If the deal goes through, GSS Energy will be left with a 20% stake in GSS Energy Tr...

SINGAPORE (Jan 23): Sydney Yeung, group CEO and controlling shareholder of GSS Energy, is offering to acquire the key operating subsidiary of the company, Giken Sakata (S). “The company is still considering and formulating a response with respect to the potential transaction. “No definitive agr...

SINGAPORE (Jan 18): RHB Research is maintaining GSS Energy at “buy” with 19 cents target on its bright prospects, driven by its twin growth engines. In a Friday report, lead analyst Jarick Seet believes the group is close to securing an off-take deal for its gas, and the 4Q18 tech correction, e...