The Daily Edge
Metech International enters into partnership with R-Logic International in reverse logistics business PDF Print E-mail

Tags: Metech International

Written by The Edge   
Tuesday, 02 September 2014 09:12

Metech International said the group has ventured into the electronic equipment repair business through a strategic partnership with R-Logic International.

This venture serves to diversify the group’s business from precious metal recovery and ferrous and non-ferrous metal recycling to include repairs and reuse of electronic equipment. This initiative will strengthen the group’s 4R Strategy of Recycle, Recover, Reuse and Repair, and is in line with the group’s vision which is to conserve Earth’s resources by extending the life of all electronics.

Last Updated on Tuesday, 02 September 2014 09:13
FrieslandCampina buys Ivory Coast dairy business from Olam PDF Print E-mail

Tags: FrieslandCampina | Olam International

Written by Reuters   
Tuesday, 02 September 2014 09:07

Dutch farming cooperative Royal FrieslandCampina, one of the five largest dairy companies in the world, said on Monday it will buy the Ivory Coast dairy businesses of Singapore’s Olam International.

The acquisition fits into the growth strategy of leading dairy producers to boost activities in emerging markets in Africa and Asia, and counterbalance more limited long-term growth in developed markets.

Last Updated on Tuesday, 02 September 2014 09:08
Sep 2: STATS ChipPAC, Olam, Croesus Retail Trust PDF Print E-mail
Written by The Edge   
Tuesday, 02 September 2014 09:03

The Straits Times Index (STI) on Monday ended -12.96 points lower or -0.39% to 3314.13, taking the year-to-date performance to +4.72%. The top active stocks were OCBC Bank (-1.60%), STATS ChipPAC (-7.33%), Suntec REIT (+1.10%), SingTel (-0.51%) and OCBC Bank R (unchanged). Here are some stocks and factors that could move the market this morning:

Croesus Retail Trust acquires One’s Mall in Tokyo for $132.5 mil PDF Print E-mail

Tags: Croesus Retail Trust

Written by The Edge   
Monday, 01 September 2014 22:12

The manager of Croesus Retail Trust said it has entered into a purchase and sale agreement to buy One’s Mall for JPY11 billion ($132.5 million).

The consideration represents a 5.2% discount to the independent valuation of JPY11.6 billion.

Last Updated on Monday, 01 September 2014 22:13
Blumont says company was not sponsor of employment pass for Soh Chee Wen PDF Print E-mail

Tags: Blumont Group

Written by The Edge   
Monday, 01 September 2014 20:08

Blumont Group has clarified in a statement to the SGX that the company is not and has not been the sponsor for any employment pass for Soh Chee Wen.

Blumont was referring to the two articles titled “Hunting for the truth” which appeared in the editions of The Edge Singapore and The Edge Malaysia respectively for the week of Sept 1 to 7 2014.

Last Updated on Monday, 01 September 2014 20:08
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