Latest news with #RobinsonsRetail
Business Times
5 hours ago
- Business
- Business Times
Stocks to watch: Grand Venture, Tung Lok, DFI, Olam, Stamford Land, Boustead, Wee Hur, OKP
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Jun 2). Grand Venture Technology : The semiconductor company on Sunday said it had paused its proposed secondary listing on Malaysia's Bursa exchange in view of confidential talks with a third party in relation to a possible transaction which could lead to an offer for its shares. While discussions are ongoing there is no certainty that any transaction will take place, it added. The counter ended Friday 2.4 per cent or S$0.02 higher at S$0.84, before the announcement. Tung Lok Restaurants: The group posted a net profit of S$853,000 for its second half ended March, a 52.1 per cent decline from S$1.8 million in the year-ago period. For its full year, it sank into the red with a net loss of S$1.8 million, as compared to a S$2 million net profit previously. The losses came amid F&B industry woes as the group said it faced headwinds from a subdued economic outlook and softer consumer sentiment. The counter ended Friday unchanged S$0.085 before the announcement. DFI : The company said on Friday it has divested 22.2 per cent, or about 315.3 million shares in Robinsons Retail for an undisclosed sum. DFI became a significant minority shareholder in Robinsons Retail in 2018 through a share-for-share swap transaction involving Rustan Supercenters, an operator of food retail formats and supermarkets in the Philippines. Shares of DFI closed at US$2.76, up US$0.08 or 3 per cent on Friday, before the announcement. Olam : The agribusiness giant has secured a US$1.85 billion loan for general corporate purposes, said the company on Friday via a bourse filing. The loan, which was taken by Olam Agri – the company's food, feed and fibre operating group – has a three-year tenor and will be disbursed in two tranches. Shares of Olam closed 1.1 per cent, or S$0.01 higher at S$0.90 on Friday. Stamford Land : The property company on Friday reported a 14.2 per cent fall in net profit to S$17.6 million for its second half ended March, from S$20.6 million in the year-ago period. This came amid a 6.5 per cent decline in revenue, which came in at S$78.3 million as compared to S$83.8 million previously. Earnings per share stood at S$0.0119, down from S$0.0138. For the full year ended Mar 31, profit rose to S$32.8 million from S$5.9 million due to the absence of a fair value loss of S$81.5 million on investment property in the year ago period. The counter ended Friday flat at S$0.375 before the announcement. Boustead : A joint venture of Boustead Projects' wholly owned subsidiary was awarded a tender by JTC Corporation on Friday to develop an industrial facility on a land parcel under the industrial government land sales programme. The land parcel – known as Tukang Innovation Drive Plot A – spans 18,687 square metres, with a proposed allowable gross floor area of 46,717.5 sq m. Shares of Boustead closed at S$1.11, down S$0.03 or 2.6 per cent on Friday, before the announcement. Wee Hur : The property company has established a S$500 million multi-currency medium term note programme, it said via a bourse filing on Friday. The proceeds raised from notes issued under this programme will be used for the company's general corporate purposes. Shares of Wee Hur closed flat at S$0.42 on Friday. OKP : A unit of mainboard-listed infrastructure and civil engineering company OKP has won a contract worth S$258.3 million from the Land Transport Authority for the construction of new cycling path networks. OKP closed at S$0.725, up S$0.01 or 1.4 per cent on Friday, before the announcement.
Business Times
6 hours ago
- Business
- Business Times
Stocks to watch: Grand Venture, TungLok, DFI, Olam, Stamford Land, Boustead, Wee Hur, OKP
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Jun 2). Grand Venture Technology : The semiconductor company on Sunday said it had paused its proposed secondary listing on Malaysia's Bursa exchange in view of confidential talks with a third party in relation to a possible transaction which could lead to an offer for its shares. While discussions are ongoing there is no certainty that any transaction will take place, it added. The counter ended Friday 2.4 per cent or S$0.02 higher at S$0.84, before the announcement. Tung Lok Restaurants: The group posted a net profit of S$853,000 for its second half ended March, a 52.1 per cent decline from S$1.8 million in the year-ago period. For its full year, it sank into the red with a net loss of S$1.8 million, as compared to a S$2 million net profit previously. The losses came amid F&B industry woes as the group said it faced headwinds from a subdued economic outlook and softer consumer sentiment. The counter ended Friday unchanged S$0.085 before the announcement. DFI : The company said on Friday it has divested 22.2 per cent, or about 315.3 million shares in Robinsons Retail for an undisclosed sum. DFI became a significant minority shareholder in Robinsons Retail in 2018 through a share-for-share swap transaction involving Rustan Supercenters, an operator of food retail formats and supermarkets in the Philippines. Shares of DFI closed at US$2.76, up US$0.08 or 3 per cent on Friday, before the announcement. Olam : The agribusiness giant has secured a US$1.85 billion loan for general corporate purposes, said the company on Friday via a bourse filing. The loan, which was taken by Olam Agri – the company's food, feed and fibre operating group – has a three-year tenor and will be disbursed in two tranches. Shares of Olam closed 1.1 per cent, or S$0.01 higher at S$0.90 on Friday. Stamford Land : The property company on Friday reported a 14.2 per cent fall in net profit to S$17.6 million for its second half ended March, from S$20.6 million in the year-ago period. This came amid a 6.5 per cent decline in revenue, which came in at S$78.3 million as compared to S$83.8 million previously. Earnings per share stood at S$0.0119, down from S$0.0138. For the full year ended Mar 31, profit rose to S$32.8 million from S$5.9 million due to the absence of a fair value loss of S$81.5 million on investment property in the year ago period. The counter ended Friday flat at S$0.375 before the announcement. Boustead : A joint venture of Boustead Projects' wholly owned subsidiary was awarded a tender by JTC Corporation on Friday to develop an industrial facility on a land parcel under the industrial government land sales programme. The land parcel – known as Tukang Innovation Drive Plot A – spans 18,687 square metres, with a proposed allowable gross floor area of 46,717.5 sq m. Shares of Boustead closed at S$1.11, down S$0.03 or 2.6 per cent on Friday, before the announcement. Wee Hur : The property company has established a S$500 million multi-currency medium term note programme, it said via a bourse filing on Friday. The proceeds raised from notes issued under this programme will be used for the company's general corporate purposes. Shares of Wee Hur closed flat at S$0.42 on Friday. OKP : A unit of mainboard-listed infrastructure and civil engineering company OKP has won a contract worth S$258.3 million from the Land Transport Authority for the construction of new cycling path networks. OKP closed at S$0.725, up S$0.01 or 1.4 per cent on Friday, before the announcement.
Business Times
3 days ago
- Business
- Business Times
DFI Retail Group divests 22.2% stake in Robinsons Retail for undisclosed sum
[SINGAPORE] DFI Retail Group said on Friday (May 30) that it has divested 22.2 per cent – or about 315.3 million – of Robinsons Retail's outstanding shares for an undisclosed sum. DFI became a significant minority shareholder in Robinsons Retail in 2018 through a share-for-share swap transaction involving Rustan Supercenters. Rustain Supercenters is an operator of food retail formats and supermarkets in the Philippines. 'This transaction reflects DFI's strategic pivot from a portfolio investor to a focused operating company, enabling the group to divest minority positions and redeploy capital to support the growth and higher returns of subsidiary businesses,' it said. Following this divestment, DFI said it will review the use of the divestment proceeds to support its capital allocation strategy and long-term growth priorities. These include, but are not limited to, expanding digital retail media, advancing own-brand innovation, and enhancing omnichannel capabilities across its key markets. The group added that it remains confident in Robinsons Retail's long-term prospects and the 'continued success' of their exclusive distribution of the Meadows and Guardian brands. Scott Price, DFI Retail's group chief executive, said its collaboration with the Robinsons Retail team has been 'instrumental' in growing the group's presence in the Philippines, with the transaction representing a 'significant step' in DFI's evolution as an operating company. The transaction was executed via a special block sale on the Philippine Stock Exchange, with the agreed price based on prevailing market conditions and strategic considerations, the group added. Shares of DFI closed at US$2.76, up US$0.08 or 3 per cent on Friday, before the announcement.
Zawya
3 days ago
- Business
- Zawya
DFI Retail Group Divests Shares in Robinsons Retail
HONG KONG SAR - Media OutReach Newswire - 30 May 2025 - DFI Retail Group Holdings Limited ('DFI' or the 'Group') today announces the sale of 315,309,310 common shares in Robinsons Retail Holdings, Inc. ('RRHI'), representing approximately 22.2% of RRHI's outstanding shares. This transaction reflects DFI's strategic pivot from a portfolio investor to a focused operating company, enabling the Group to divest minority positions and redeploy capital to support the growth and higher returns of subsidiary businesses. DFI first became a significant minority shareholder in RRHI in 2018 through the share-for-share swap transaction involving Rustan Supercenters, Inc. Following this divestment, the Group will review the use of the divestment proceeds to support its capital allocation strategy and long-term growth priorities which include - but not be limited to - expanding digital retail media, advancing own brand innovation, and enhancing omnichannel capabilities across its key markets. DFI remains confident in RRHI's long-term prospects and the continued success of their exclusive distribution of Meadows and Guardian brands. Scott Price, Group Chief Executive of DFI Retail Group, said, "We would like to sincerely thank the Robinsons Retail team for their hard work, partnership, and commitment over the years. Our collaboration has been instrumental in growing our presence in the Philippines, and we look forward to continuing this strong relationship as we each focus on our strategic priorities." "This transaction represents a significant step in our evolution as an operating company, enabling us to redeploy capital to support growth and enhance shareholder returns across our subsidiary businesses. We will evaluate the deployment of divestment proceeds to ensure alignment with our capital allocation strategy and long-term growth ambitions." The transaction was executed via a special block sale on the Philippine Stock Exchange, with pricing agreed upon based on prevailing market conditions and strategic considerations. Hashtag: #DFIRetailGroup The issuer is solely responsible for the content of this announcement. DFI Retail Group DFI Retail Group is a leading Asian retailer, driven by its purpose to 'Sustainably Serve Asia for Generations with Everyday Moments'. As at 31 December 2024, the Group, its associates and joint ventures operated over 10,700 outlets, of which more than 5,000 stores were operated by subsidiaries. The Group, together with associates and joint ventures, employed over 190,000 people, with over 45,000 people employed by subsidiaries. The Group had total annual revenue in 2024 of US$24.9 billion and reported revenue of US$8.9 billion. The Group is dedicated to delivering quality, value and service to Asian consumers through a compelling retail experience, supported by an extensive store network and highly efficient supply chains. The Group, including associates and joint ventures, operates a portfolio of well-known brands across six key divisions: health and beauty, convenience, food, home furnishings, restaurants and other retailing. The Group's parent company, DFI Retail Group Holdings Limited, is incorporated in Bermuda and has a primary listing in the equity shares (transition) category of the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group's businesses are managed from Hong Kong. DFI Retail Group is a member of the Jardine Matheson group. DFI Retail Group
Malay Mail
3 days ago
- Business
- Malay Mail
DFI Retail Group Divests Shares in Robinsons Retail
HONG KONG SAR - Media OutReach Newswire - 30 May 2025 - DFI Retail Group Holdings Limited ('DFI' or the 'Group') today announces the sale of 315,309,310 common shares in Robinsons Retail Holdings, Inc. ('RRHI'), representing approximately 22.2% of RRHI's outstanding shares. This transaction reflects DFI's strategic pivot from a portfolio investor to a focused operating company, enabling the Group to divest minority positions and redeploy capital to support the growth and higher returns of subsidiary first became a significant minority shareholder in RRHI in 2018 through the share-for-share swap transaction involving Rustan Supercenters, this divestment, the Group will review the use of the divestment proceeds to support its capital allocation strategy and long-term growth priorities which include - but not be limited to - expanding digital retail media, advancing own brand innovation, and enhancing omnichannel capabilities across its key remains confident in RRHI's long-term prospects and the continued success of their exclusive distribution of Meadows and Guardian Price, Group Chief Executive of DFI Retail Group, said, "We would like to sincerely thank the Robinsons Retail team for their hard work, partnership, and commitment over the years. Our collaboration has been instrumental in growing our presence in the Philippines, and we look forward to continuing this strong relationship as we each focus on our strategic priorities.""This transaction represents a significant step in our evolution as an operating company, enabling us to redeploy capital to support growth and enhance shareholder returns across our subsidiary businesses. We will evaluate the deployment of divestment proceeds to ensure alignment with our capital allocation strategy and long-term growth ambitions."The transaction was executed via a special block sale on the Philippine Stock Exchange, with pricing agreed upon based on prevailing market conditions and strategic #DFIRetailGroup The issuer is solely responsible for the content of this announcement. DFI Retail Group DFI Retail Group is a leading Asian retailer, driven by its purpose to 'Sustainably Serve Asia for Generations with Everyday Moments'. As at 31 December 2024, the Group, its associates and joint ventures operated over 10,700 outlets, of which more than 5,000 stores were operated by subsidiaries. The Group, together with associates and joint ventures, employed over 190,000 people, with over 45,000 people employed by subsidiaries. The Group had total annual revenue in 2024 of US$24.9 billion and reported revenue of US$8.9 billion. The Group is dedicated to delivering quality, value and service to Asian consumers through a compelling retail experience, supported by an extensive store network and highly efficient supply chains. The Group, including associates and joint ventures, operates a portfolio of well-known brands across six key divisions: health and beauty, convenience, food, home furnishings, restaurants and other retailing. The Group's parent company, DFI Retail Group Holdings Limited, is incorporated in Bermuda and has a primary listing in the equity shares (transition) category of the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group's businesses are managed from Hong Kong. DFI Retail Group is a member of the Jardine Matheson group.
