Ascendas Real Estate Investment Trust
Business park owner Ascendas Reit has issued $130 million worth of 2.655 per cent bonds.
The bonds have a tenor of five years and will mature on April 7, 2021. Coupons will be paid twice a year.
They will be issued by HSBC Institutional Trust Services in its capacity as trustee of Ascendas Reit.
Karin Technology Holdings
KCF A Store, a 60 per cent-owned subsidiary of Karin Technology Holdings, will soon no longer be an Apple authorised reseller.
KCF, which sells Apple products and accessories through its In-Smart retail shops, has issued a termination notice to Apple Asia.
The association will end on June 30.
Amid the challenging business environment, the company said it has "decided to focus on other areas and a few new opportunities have emerged".
Separate announcements will be made about these, it added.
The distribution agreement between Compucon Computers, a wholly owned subsidiary of the group, and Apple for the distribution of products under the Beats brand remains unchanged.
Satellite telecommunication firm Nera Telecommunications has received contracts of approximately $13.8 million, the company announced yesterday.
The contracts are for the supply, delivery, installation and maintenance of communication network equipment for a leading regional telecom and cellular operator in the Asia-Pacific region.
Property developer and marine firm Teho International has completed the sale of a property at 47, Tuas Avenue 9.
The buyer made the balance payment of $13.7 million - about 95 per cent of the sale price - to the lawyers of Teho Ropes & Supplies on Monday.