SINGAPORE STOCK RESEARCH- 3 COMPANIES- SEMBCORP INDUSTRIES, AEM HOLDINGS, MENCAST.
Last
friday a listless
trading session held in
Singapore showing on Wall Street and geopolitical uncertainties.
Investors
hopes
for some positive leads among Singapore corporates on Monday (May
28).SGXstock research
Sembcorp
Industries:
Before
coming
Monday
Sembcorp
Industries said that it has hired
contact energy chief financial officer(CFO) & Graham cockroft as
a
new group chief financial officer with effect from Sept 3, 2018.
Sembcorp's
current CFO &
cheif transformation officer,
Koh Chiap Khiong, has moved on with
his responsibilities
to head the group's utilities business in Singapore, South-east Asia
and China within Sembcorp's Senior Leadership Council.
AEM
Holdings:
An
updation
given by AEM Holdings about the lawsuits faced
by its owned subsidiary AEM Microtronics (Suzhou) Co (AMSZ),which
is held in china.
The
Suzhou court has passed its decision
on
two legal cases in favour of the subsidiary on
Feb
2, 2016 and Feb 23, 2017. Previously
AEM
had
announced that it was selling
its business
product
coating
and its shareholding interest in AEM for 6.63 million yuan (S$1.39
million). Launching
a
new subsidiary to take over the non-plating business of ASZ &
this
was
formed as AMSZ.
New
subsdiary was not purchased by Yunyi
and the group then transferred the assets and liabilities of the
non-plating business of ASZ to the newly formed AMSZ. However, it
was later
claimed some one million yuan for non-payment of property, plant and
equipment transferred from ASZ to AMSZ, and 2.7 million yuan in
salaries and purchases which ASZ made payment on behalf of AMSZ.
Mencast:
In
an interview Mencast executive chairman and CEO Glenndle Sim told The
Business Times that it has plans
to use the land to store inventory, sale properties & to generate
cash to
reduced
loans. The Mencast &
its CEO
had
helped in
transforming the maintenance, repair and overhaul-focused
(MRO-focused) business. since February 2017, second half of this
year, Mencast and its partner, HTC Asia, expect to roll out their
first MRO projects to be performed using a digital twin technology.
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