Agriculture and property company HLH has, through a subsidiary in Cambodia, acquired a 30 per cent interest in two plots of land in Preah Sihanouk province, Cambodia, for US$2.8 million (S$4 million). The two plots are 4,295 sq m and 5,427 sq m respectively.
The acquisition will be financed by internal funds and bank borrowings, and is not expected to have any material effect on the group's net tangible assets or earnings per share for the financial year ending Dec 31.
Property group Roxy-Pacific yesterday entered into contracts to buy two vacant city fringe residential development sites in Glebe, Sydney, for A$67.38 million (S$68.47 million). The sites have a total land area of about 7,125 sq m, with a development potential of 248 residential units, subject to regulatory approval.
The acquisition will be financed by internal funds and bank borrowings, and is not expected to have any material impact on the earnings per share and the net tangible assets per share of the company for the financial year ending Dec 31.
The Abu Dhabi Water & Electricity Authority (ADWEA) and Sembcorp Industries
yesterday announced the completion of an approximately US$200 million (S$282 million) expansion to the Fujairah 1 Independent
Water and Power Plant in the United Arab Emirates, and the commencement of operations there.
The expansion boosts the plant's total seawater desalination capacity by 30 per cent, making it one of the largest reverse osmosis desalination facilities in the Middle East.
The Fujairah plant is owned and operated by Emirates Sembcorp Water & Power Company, a joint venture that is 60 per cent owned by ADWEA and the Abu Dhabi National Energy Company, and 40 per cent by Sembcorp.
Chairman and chief executive Poh Beng Swee said yesterday that he will not raise his offer to buy over minority shareholders at 30 cents per share, under any circumstances.
On Nov 3, Mr Poh proposed a voluntary delisting of Zagro Asia from the mainboard of the SGX, citing thin liquidity.