Company Briefs: Food Empire Holdings

Food Empire Holdings

Food Empire Holdings said its wholly-owned subsidiary Future Enterprises has received a favourable ruling in a case against McDonald's International Property Company in Lithuania.

This ends Food Empire's three-year legal battle in one of its markets. Its trademark protection ruling, initially ruled in September 2013, was contested in an appeal in which the original court decision was upheld.

In the post-assessment of the elements and the overall global impression of the McCafe and MacCoffee 3 in 1 trademarks, the Chamber of Judges concluded that the marks were not confusingly similar, said Food Empire.


Uni-Asia Holdings

Uni-Asia Holdings said it has won a bid to develop a commercial site in Hong Kong as part of a consortium led by First Group Holdings.

With a site area of about 1,208 sq m, the project - Kwai Chung, New Territories - will have a maximum gross floor area of 11,474 sq m.

Uni-Asia has acquired an aggregate effective equity interest of HK$50 million (S$8.8 million) in the project, representing an 11.9 per cent stake.


Otto Marine

Otto Marine's shipyard subsidiary in Batam has caused the arrest of the vessel Ratna Blessing for unpaid ship-repair-related charges.

The company said the unit, PT Batamec, has also launched proceedings in the High Court of Singapore against the vessel, which is registered under RS Marine Investments.

Otto Marine said Batamec rendered repair services at its yard in Batam to the vessel between Dec 13 last year and March 21 this year.

Partial payments for the services were made, but RS Marine failed to make payment for the remaining charges despite reminders.


GLP

GLP, which provides logistics facilities, has signed new leases totalling 61,000 sq m with three leading companies in China, including LF Logistics, a Li & Fung company.

The new leases will serve growing demand from organised retail, including e-commerce and chain stores, it said. E-commerce has become a far more important retail channel in China, GLP noted. Unlike traditional retailers, e-commerce involves a large number of small-batch deliveries throughout the day.

A version of this article appeared in the print edition of The Straits Times on July 26, 2016, with the headline 'Company Briefs'. Print Edition | Subscribe