Natural Cool Holdings

Natural Cool makes foray into F&B industry with million-dollar acquisition

SINGAPORE (Feb 19): Natural Cool Holdings, the air-conditioning and switchgear specialist, is venturing into the food and beverage (F&B) industry by acquiring the business and assets of Yummy YM and SFB Global for $0.98 million.

Yummy and SFB Global are the manufacturers, distributors and retailers of cooked-food products and beverages & confections, respectively.

The former company is 70% owned by Leong Yew Meng, who is also the sole director and shareholder of SFB Global.

Natural Cool to buy Defu Lane property from ESR-REIT for $17.5 mil

SINGAPORE (July 6): Natural Cool Holdings is set to purchase the remaining leasehold interest in a 6-storey light industrial building at 87 Defu Lane 10 from ESR-REIT for $17.5 million.

Natural Cool’s indirect wholly-owned subsidiary NC Precision on Thursday exercised an option to purchase granted by RBC Investor Services Trust Singapore in its capacity as trustee of ESR-REIT, which was formerly known as Cambridge Industrial Trust.

The property has a gross floor area of approximately 109,920 sq ft, with a remaining land tenure of approximately 33 years.

Ex-Natural Cool staff sues company for $2.5mil in damages

SINGAPORE (March 10): Air-conditioning specialist Natural Cool Holdings on Monday received a letter of demand from Ng Quek Peng for damages amounting $2.5 million.

Ng, the former COO of Natural Cool, alleges that there had been a wrongful termination of his service agreement with the company.

Ng, who commenced employment at Natural Cool on November 24, 2016, had on February 15, 2017 been terminated after a newly installed board of directors reviewed his engagement during an EGM dated February 8, 2017.

ISR Capital, OCBC, Keppel, Jumbo, AGV, Natural Cool

SINGAPORE (Nov 28): Here are some factors and stocks that could move the market this Monday morning:

The Singapore Exchange has suspended trading of ISR Capital shares with immediate effect, citing the need to “safeguard the interest of the market”. In a filing released at 10.04pm last night, SGX says there are “circumstances that prevent trading in the shares of this company on an informed basis”. “We are reviewing the trading activities in the meantime,” says SGX. ISR Capital shares last traded at 13 cents before trading was halted.

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