Company briefs :Jason Holdings

Jason Holdings

Jason Holdings non-executive director Jason Sim Chon Ang has had his entire 23.62 per cent stake in the company seized under court order to satisfy a judgment amounting to about $1.3 million brought against him by CIMB Securities. The bulk of the about 51 million shares was seized on Oct 3, the firm com said.

The seizure is the latest in a string of setbacks for Mr Sim, who is under investigation by the Commercial Affairs Department over a possible offence under the Penal Code. He has been ordered to surrender his travel papers.

Shares of Catalist-listed Jason Holdings, a timber flooring specialist, remain suspended.

Soilbuild Business Space Reit

Soilbuild Business Space Reit's distribution per unit for the third quarter fell by 13.9 per cent to 1.399 cents. Gross revenue for the three months to Sept 30 fell by 4.7 per cent to $19.7 million while net property income was 2.9 per cent lower at $17.3 million, due to lower occupancy.

The reduction in revenue from West Park BizCentral and Tuas Connection properties was partially offset by additional revenue from Solaris and Bukit Batok Connection properties.

Swiber Holdings

Troubled energy services firm Swiber Holdings is unable to pay an upcoming coupon payment on its $160 million notes due on Oct 18.

The notes paid 7.125 per cent per annum.

The company has defaulted on multiple bond payments since its judicial management application in July. It has since been placed under judicial management.

Transit-Mixed Concrete

Transit-Mixed Concrete posted a 51 per cent plunge in half-year net profit to $1.61 million.

Revenue for the six months to Aug 31 declined 31 per cent to $11.79 million.

The lacklustre showing was attributable to depressed economic conditions and a slowdown in infrastructure and housing projects in Singapore and Malaysia, the company said.

Earnings per share was 2.31 cents, down from 4.75 cents previously.

Net asset value per share was 37.68 cents as at Aug 31, up from 35.39 cents six months earlier.

An interim dividend of 1.5 cents a share was declared, down from two cents last year.

A version of this article appeared in the print edition of The Straits Times on October 13, 2016, with the headline 'Company briefs'. Print Edition | Subscribe