Company Briefs: Creative Technology

Creative Technology

Creative Technology says that its wholly owned subsidiary, ZiiLabs, has filed a patent infringement lawsuit in the United States against tech firm ARM.

ZiiLabs owns more than 80 US patents in the graphics, processor and 3D spaces.

Four of these patents were asserted in the lawsuit, in which ZiiLabs is claiming damages for patent infringement, as well as an injunction against ARM.

The lawsuit was filed on Sept 2 in the Eastern District of Texas.

Creative announced previously that Intel, Apple and Samsung had each taken a non-exclusive licence to ZiiLabs' patents.

Q&M Dental Group

Q&M Dental Group (Singapore) says that it has agreed to buy a dental clinic at Marine Terrace for $1.7 million.

The seller of Ho Dental Surgery, Dr Ho Chuk Ping, has signed an eight-year service agreement with Q&M.

Dr Ho has guaranteed that the clinic's net profits shall be not less than $1.155 million for the 5.5 year period ending Feb 28, 2022.

The acquisition is in line with Q&M's plan to continue the expansion of its main dental business in Singapore.

IFS Capital

IFS Capital has applied to the Singapore Exchange (SGX) for a time extension from being placed on the watch list.

It is currently undertaking a rights issue of up to 225.6 million shares at 22 cents apiece.

When completed, the rights issue would enlarge its share capital to about 376 million shares. Assuming a current share price of about 20 cents per share, the market capitalisation of the company would be about $75 million.

A mainboard company whose share price is below the minimum trading price of 20 cents but that has a six-month average daily market capitalisation of more than $40 million can avoid falling into the SGX watch list under a new proposal.

A version of this article appeared in the print edition of The Straits Times on September 05, 2016, with the headline 'Company Briefs'. Subscribe