Beng Kuang Marine Limited has raised some $3.35 million in gross proceeds from a share placement exercise, to help reduce the company’s need for debt financing and other operational needs. The placement, managed by SAC Capital, is made at 9 cents per share – a discount of 9% off its volume weigh...

THE following companies saw new developments that may affect trading of their securities on Tuesday (Oct 19):

MAINBOARD-LISTED Beng Kuang Marine is set to raise S$3.35 million via a share placement exercise, with its chief executive taking up a portion, the company announced in a Monday bourse filing.

Beng Kuang Marine has revealed, on Sept 24, that it is exploring “possible corporate actions and exercises” to create value for its businesses and shareholders. The revelation came after the company’s shares shot up by 52.3% to 9.9 cents as at 2.12pm, from its last-closed price of 6.5 cents....

Beng Kuang Marine plans to raise $1.3 million by undergoing a placement exercise. To be handled by SAC Capital, the company plans to place out up to 27 million new shares which will enlarge the company’s share capital by 16.7%. The placement shares are priced at 5 cents each, which is a discount o...

SINGAPORE (July 17): SB REIT Management, the manager of Soilbuild Business Space REIT (Soilbuild REIT), reported 2Q19 DPU of 1.179 cents, down 6.7% from 1.264 cents in 2Q18. This brings 1H19 DPU to 2.377 cents, 8.2% lower than 2.588 cents in 1H18. The REIT’s current portfolio comprises 11 propert...

SINGAPORE (Apr 22): The manager of Soilbuild Business Space REIT (Soilbuild REIT) declared that its 1Q19 DPU dropped 9.5% to 1.198 cents from 1.324 cents in 1Q18. Income attributable to unitholders fell 8.7% to $12.7 million in 1Q19, from $14.0 million a year ago. This was mainly due to property op...