CIMB Research upgrades Westports to Add, earnings defensive

13 Nov 2017 - The Star Online
KUALA LUMPUR: CIMB Equities Research has upgraded Westports Holdings Bhd from Hold to Add as it rolls over its discounted cashflow-based target price to end-CY18F. It said on Monday the stock price decline is excessive seeing how defensive earnings are. The research house said based on Westports’s 9M17 ...
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Ex-NOL chief Ng Yat Chung to take reins of SPH as CEO, deputy CEO retire

26 May 2017 - Business Times Breaking News
SINGAPORE Press Holdings (SPH) will appoint former Neptune Orient Lines (NOL) chief executive Ng Yat Chung as its new CEO, while current CEO Alan Chan and deputy CEO Patrick Daniel will retire, the media and property group announced on Friday.Mr Chan, 64, is retiring after 15 years at the company to ...
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Singapore: CMA CGM said to seek $1b sale of NOL terminals

27 Oct 2016 - DealStreetAsia
CMA CGM SA, the French company that bought Neptune Orient Lines this year, has started a sale of the Singapore shipping company’s terminal business in a deal that could raise about $1 billion, according to people with knowledge of the matter. CMA CGM is seeking a buyer for Neptune Orient’s container ...
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'A big nightmare': Businesses in Singapore hit as Hanjin Shipping sinks

30 Sep 2016 - Channel NewsAsia
SINGAPORE: With nine containers of goods stranded at sea following the sudden collapse of South Korean behemoth Hanjin Shipping, the past three weeks have been both chaotic and frustrating for employees at the logistics department of Yong Wen Food Industries. While most of the company's stranded goods ...
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Neptune Orient Lines to be officially delisted as CMA CGM completes acquisition exercise

5 Sep 2016 - Singapore Business Review
The firm will be delisted on 6 September. The time has come for Neptune Orient Lines to be taken off the board of the SGX’s listed companies, as CMA CGM completes the acquisition exercise of all the NOL shares. According to a press release by CMA CGM, NOL is now effectively a wholly-owned subsidiary ...
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NOL to be delisted from SGX on Tuesday

5 Sep 2016 - Channel NewsAsia
SINGAPORE: About three months after French containing shipping firm CMA CGM acquired more than 90 per cent of Neptune Orient Lines (NOL), the Singaporean company is set to be delisted from the Singapore Exchange (SGX). CMA CGM said in a press release on Monday (Sep 5) that NOL had obtained the necessary ...
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Sembcorp Marine Ltd Has Just Been Dropped from the Straits Times Index: What Investors Should Know

2 Sep 2016 - The Motley Fool Singapore
As Foolish investors may know, the Straits Times Index (SGX: ^STI), the most prominent market benchmark in Singapore, is made up of 30 different stocks. What may not be that well-known is that the list of 30 is reviewed on a quarterly basis to determine whether any changes should be made. In a joint ...
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SGX-Baltic SE talks; Macquarie warrants, CMA CGM-NOL

29 Jun 2016 - DealStreetAsia
SGX and Baltic Exchange are extending their negotiations by over two months while Macquarie Bank has called for warrants on the Standard & Poor’s 500 (S&P 500). Meanwhile, NOL will be delisted after CMA CGM crossed the 90 per cent ownership threshold. The Baltic Exchange and Singapore Exchange (SGX) ...
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CMA CGM crosses 90% ownership threshold in NOL

28 Jun 2016 - Singapore Business Review
It will compulsorily acquire all remaining shares soon. French shipping conglomerate CMA CGM announced that it has crossed the 90% ownership threshold in Neptune Orient Lines Limited (NOL), following the launch of its all-cash takeover offer which was launched on June 6. CMA CGM now owns 2,361,044,044 ...
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NOL to be delisted after France’s CMA CGM crosses 90% ownership threshold

28 Jun 2016 - Channel NewsAsia
SINGAPORE: French container shipping firm CMA CGM said on Tuesday (Jun 28) it will proceed to delist Neptune Orient Lines (NOL), after it crossed the 90 per cent ownership threshold in the Singapore company. Following its all-cash voluntary conditional general offer for NOL which was launched on Jun ...
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