Company Briefs: Ascendas Real Estate Investment Trust

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.

Nera Telecommunications

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.

Teho International

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.

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A version of this article appeared in the print edition of The Straits Times on March 30, 2016, with the headline Company Briefs: Ascendas Real Estate Investment Trust. Subscribe