Company Briefs: LifeBrandz


Catalist-listed entertainment group LifeBrandz's second-quarter net loss widened to $510,000 from $282,000 in the previous corresponding period.

Revenue for the three months to Jan 31 soared from $231,000 to $916,000, much from the new tourism business e-Holidays. Sales were also higher by about 11 per cent at its Irish pub in Pattaya, Thailand.

But the increase in revenue was offset by significantly higher spending, which jumped to $1.44 million from $514,000 previously.

Loss per share was 0.26 cent, against a restated loss of 0.46 cent.

The firm said earlier in the week that it plans to buy Singapore-based restaurant operator Ramen Champion for up to $4 million, to be financed by an interest-free director's loan from chief executive Hiroyuki Saito.

Tuan Sing Holdings

Bauhinia Land, a unit of Tuan Sing Holdings, has disposed of its entire stake in Chinese property developer Qingdao Shenyang Property for about 103 million yuan (S$21.4 million) to an unnamed independent third party.

Proceeds will be used for funding new opportunities in China, it said.

Koh Brothers Eco Engineering

Koh Brothers Eco Engineering named Ssangyong Engineering and Construction and Daewoo Engineering and Construction as its joint venture partners for the upcoming Woodlands Health Campus (WHC), touted as Singapore's first "smart" hospital.

Koh Brothers said last week that its unit had clinched a deal through a consortium in which it has a 20 per cent stake but did not disclose the identity of its partners.

The 788 billion won (S$970 million) deal will boost Koh Brothers' order book from $762.7 million as at Dec 31 to $954.7 million.

The 1,800-bed WHC, set to be completed by 2022 , will comprise an acute care hospital, a community hospital, a nursing home and specialist outpatient clinics.

"The goal is for patients to enjoy seamless accessibility across the acute, intermediate and community care settings. The campus will achieve this by leveraging smart technologies and intuitive design, to enhance care and extend the reach of our healthcare professionals into the community," the companies noted.

A version of this article appeared in the print edition of The Straits Times on March 16, 2018, with the headline 'Company Briefs'. Subscribe