Company Briefs: Yangzijiang Shipbuilding

Yangzijiang Shipbuilding

Yangzijiang Shipbuilding (Holdings) said it won 13 shipbuilding contracts worth US$318 million (S$444 million) in the first quarter.

The contracts are for five 82,000 dwt (deadweight tonnage) bulk carriers, five 62,000 dwt woodchip carriers, two 1,800 TEU (twenty-foot equivalent unit) container ships and one 6,500 dwt hybrid vessel. The contracts are scheduled for delivery from 2018 to 2020.

Ascendas Reit

Ascendas Real Estate Investment Trust (Ascendas Reit) is on an acquisition trail in Australia. It has bought a business park property in Sydney for A$143.4 million (S$152 million) from Frasers Property Australia, and made a forward purchase of a Melbourne logistics property for A$24.8 million from Goodman Dandenong Trust.

For the two acquisitions, Ascendas Reit is expected to incur an estimated total transaction cost of A$10.8 million.

Ezra Holdings

Ezra Holdings, which has filed for bankruptcy protection in the United States, said it will be convening an informal meeting with its note holders on April 17, with the aim of updating them on the firm's current position and providing further information on the Chapter 11 filing.

Ezra's management will be present at the dialogue. Representatives from the Securities Investors Association (Singapore) have also been invited to the meeting as moderators.

A version of this article appeared in the print edition of The Straits Times on April 04, 2017, with the headline 'Company Briefs'. Print Edition | Subscribe