Company Briefs : ST Engineering

Defence and engineering group ST Engineering is venturing into the data centre cooling market with the launch of a cooling technology that is supposed to help operators in tropical climates achieve 20 per cent energy savings. This translates to about $104 per kilowatt-hour of heat load every year.

Using a data centre with a power load of 20MW as an example, a 20 per cent reduction in energy consumption translates to 14 gigawatt-hour of electricity savings annually - enough to power 3,200 four-room public housing flats over a year.

THE BUSINESS TIMES

---

EuroSports

EuroSports Global is undergoing a strategic review to consider options for its various businesses to evaluate opportunities and positioning, with a view to unlocking value and maximising potential value for stakeholders. In a bourse filing yesterday, the Catalist-listed group said this would include assessing options such as potential fund-raising exercises or restructuring of companies within the group, such as through spin-off listings or de-Spac transactions.

EuroSports said its strategic review will be "timely" to assess the future of its business and optimal path in realising the group's potential.

THE BUSINESS TIMES

---

Sats

Food solutions and gateway services provider Sats is divesting its 49 per cent interest in Brahim's Sats Investment Holdings (BSIH) to Dewina Brahim's Holdings for RM10 million (S$3.2 million).

BSIH holds a 70 per cent interest in Malaysian in-flight caterer Brahim's Sats Food Services, with the remaining 30 per cent interest held by Malaysia Airlines.

Malaysia-based investment company Brahim's Holdings, which delisted from the Bursa Malaysia last month, owns the remaining 51 per cent stake in BSIH.

THE BUSINESS TIMES