Sapphire Corporation

The total value of the covered guarantee will not exceed RMB146.5 million.

Sapphire Corporation, the infrastructure design and construction group in China, announced on Tuesday that it is divesting its 43.87% equity stake in its subsidiary Ranken Railway for a cash consideration of RMB280 million (S$55.3 million).

Sapphire is "cautiously optimistic" that it can return back to the black for this current quarter.

Singapore (May 7): Sapphire Corporation announced earnings of RMB3.4 million ($0.7 million) for the 1Q ended March, down 16.6% on-year from RMB4 million on lower revenue and higher finance costs.

SINGAPORE (Jan 14): Sapphire Corporation, the infrastructure design and construction group in China, announced that the group’s 97.6% owned subsidiary, Ranken Railway Construction Group Co, has secured a Engineering, Procurement and Construction (EPC) c

SINGAPORE (Dec 31): Sapphire Corporation is undertaking a rights issue to raise funds to invest in water and environmental management projects and for working capital purposes.

SINGAPORE (Nov 19): Sapphire Corporation’s 97.6% owned subsidiary, Ranken Railway Construction Group Co, and consortium partners have secured a PPP project in Chengdu, Sichuan Province, China.

SINGAPORE (May 11): Sapphire Corp announced earnings of RMB4.1 million ($0.9 million), up 1.9% from RMB4 million a year ago due to higher revenue.

SINGAPORE (Apr 25): Sapphire Corporation has inked a memorandum of understanding (MoU) with Haitong International Securities Group (Singapore) to explore capital markets opportunities in the region.

SINGAPORE (Feb 12): Sapphire Corporation has recently appointed executive director Wang Heng as CEO of the group. She has today announced that the growth prospects of its core rail engineering business Ranken Railway Construction are intact despite the te