Khong Guan expects net loss for FY2021, issues profit warning - THE EDGE SINGAPORE

Results

Khong Guan expects net loss for FY2021, issues profit warning

Biscuit manufacturer Khong Guan has issued a profit warning that it expects to report a net loss for its FY2021
EDB and Dole co-invest $10 mil in new venture producing specialty ingredients from fruit waste - THE EDGE SINGAPORE

Deals, joint ventures & alliances

EDB and Dole co-invest $10 mil in new venture producing specialty ingredients from fruit waste

The venture plans to repurpose 1 million MT of banana and pineapple waste from Dole’s Philippines plantations.
DBS Bank (Hong Kong) partners with Postal Savings Bank of China Co under Wealth Management Connect scheme - THE EDGE SINGAPORE

Banking & finance

DBS Bank (Hong Kong) partners with Postal Savings Bank of China Co under Wealth Management Connect scheme

DBS Bank (Hong Kong) is the bank’s largest franchise outside of Singapore.
OCBC to fund five sustainability projects through youth-mentorship programme - THE EDGE SINGAPORE

Sustainability

OCBC to fund five sustainability projects through youth-mentorship programme

The programme will match youths with experienced professionals to work on solving sustainability challenges faced in Singapore.
Incredible to acquire 42% stake in Hong Kong watch trading firm Golden Ultra for HK$84 mil - THE EDGE SINGAPORE

M&A

Incredible to acquire 42% stake in Hong Kong watch trading firm Golden Ultra for HK$84 mil

The purchase price represents a 44.6% premium over the independent valuation of HK$58.1 mil for the 42% stake.
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