SBI Offshore: SBI Offshore on Tuesday said that
former executive director and chief executive officer Tan Woo Thian has decided
to drop the appeal that he filed against the High Court's decision to
grant final judgment for the sum of S$624,631 plus interest and legal costs and
disbursements in favour of the company.
Noble Group: Noble Group on Tuesday announced
the pricing of its proposed issue of US$750 million 8.75 per cent notes due
2022. But credit rating agency Moody's has kept its junk bond rating for
Noble's proposed new bonds, warning that the rating could be downgraded if the
firm's cashflow from operations remains consistently weak and liquidity
deteriorates further.
Singapore Post: SingPost has lost a top
executive linked to its key e-commerce division. It said on Monday that Marcelo
Wesseler has resigned as CEO of SP Commerce. SP Commerce is the integrated
entity of SingPost's former e-commerce division SingPost eCommerce with
US-based e-commerce provider TradeGlobal Holdings and the company's US unit
Jagged Peak Inc. E-commerce-related revenues now make up half of the group's
revenue.
Ezra Holdings: Ezra Holdings is bound by a
clause tied to its outstanding medium term notes not to enter into a
trading suspension exceeding a specified period even though its offshore
support vessel-focused subsidiary, Emas Offshore Limited (EOL), has taken the
suspension route on both the Singapore and Oslo exchanges, say market watchers.
Ascott Residence Trust: Ascott Reit has launched
a fully underwritten renounceable rights issue to raise S$442.7 million, which
will be used to buy two properties in Germany and one property in Singapore.
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