Far East Group

Far East Group subsidiary proposes property disposal for RM2.4 mil  - THE EDGE SINGAPORE

Property

Far East Group subsidiary proposes property disposal for RM2.4 mil

Given the purchase consideration, Far East Group’s gain on disposal stands at approximately $606,000.
Mercurius Capital JV aims for 500 groceries in resilient food and consumer staples businesses - THE EDGE SINGAPORE

Company in the news

Mercurius Capital JV aims for 500 groceries in resilient food and consumer staples businesses

Mercurius adds to the growing list of Singapore-listed companies going back to the basics: growing a consumer staples business

M&A

Far East acquires local air-con services firm for $7 mil; to spin it off in Catalist listing

SINGAPORE (Mar 5): Far East Group announced that it has acquired the entire issued and paid-up ordinary shares in M-Tech Air-Con & Security Engineering.

Property

Far East Group grants buyer option to purchase Lavender Street property for $27 mil

SINGAPORE (Mar 24): Far East Group has granted Chang Hua Construction an option to purchase its property at 112 Lavender Street for $27 million.

Results

Far East Group climbs back to profitability in FY17 with earnings of $0.4 mil

SINGAPORE (Feb 28): Far East Group crawled out of the red with full-year earnings of $0.4 million for the FY17 ended December, compared to losses of $1.2 million posted a year ago.

Far East Group subsidiary to sell Selangor factory property for $3.8 mil

SINGAPORE (Dec 13): Refrigeration and air-conditioning systems manufacturer Far East Group announced Wednesday that wholly-owned subsidiary Far East Maju Engineering Works has accepted a letter of offer to sell its factory property in Selangor, Malaysia f

Results

Far East Group reversed into the black in 1H

SINGAPORE (Aug 10): Far East Group, the refrigeration and air-conditioning business, announced half-year earnings of $0.25 million compared to its loss of $0.71 million a year ago on higher gross profit margin and higher other operating income.

Five trading representatives fined and suspended

SINGAPORE (Feb 20): The Disciplinary Committee of the Singapore Exchange has fined and suspended five trading representatives for breaches including manipulating shares in two different cases.
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