BREAKING NEWS (SG)

A unit of Keppel Land is buying 60 per cent of Phuoc Kien Construction Investment Joint Stock Company for about S$21.6 million. This will allow Keppel’s unit – VN Prosperity – to jointly develop a landed housing project in the Nha Be District of Ho Chi Minh City, Vietnam.

Q&M Dental Group will not proceed to set up a surgical mask manufacturing company with partners, as announced more than a year ago. This is after it and its partners failed to meet definitive terms under a non-binding memorandum of understanding (MOU), as made public on March 11, 2020, Q&M Dental said in a regulatory filing on Saturday.

Electronics manufacturing services provider Valuetronics has reported a net profit of HK$187.1 million (S$31.9 million) for the financial year ended March 31, 2021. This is a 4.6 per cent increase compared with its previous financial year. Overall revenue fell 3.1 per cent to HK$2.28 billion, but gross profit rose 6.5 per cent to HK$386.2 million in FY2021.

Entertainment group mm2 Asia posted a net loss of S$92.7 million for its financial year ended March 31, 2021, with its major businesses in movie-making and film distributions taking a severe beating from the Covid-19 pandemic, the company said in a bourse filing. Comparatively, it reported a net profit of S$3.3 million in FY2020, which ended March 31, 2020.