<article>Ryobi Kiso to jointly develop mixed-use property development in Bekasi</article>

Ryobi Kiso to jointly develop mixed-use property development in Bekasi
Singapore listed <a href="http://www.ryobi-kiso.com" target="_blank">Ryobi Kiso Holdings Ltd</a>, ground engineering solutions provider, Monday said its wholly-owned subsidiary PT Mulia Indah Perkasa (MIP), has reached a deal with PT Eka Karya Konstruksi (EKKON) to jointly develop a mixed-use property development in Bekasi, Greater Jakarta, Indonesia.
The company did not provide financial details of the deal that will see MIP and EKKON develop a plot of land at Bekasi where a proposed mixed-use development comprising 92 residential and 25 commercial units will be constructed and targeted at the middle income segment of the Bekasi population.
Ryobi Kiso is of the view that numerous schools and strong occupancy rates of residential units in the vicinity will help the venture take off. The project is located within a short driving distance to renowned schools as well as two large regional malls and major hypermarkets, the company said.
Ryobi Kiso said the investment would be funded through internal resources and bank borrowings while adding that the deal would not have any material impact on the net tangible assets and earnings per share of the company for the financial year ending 30 June 2015.
Ryobi Kiso closed flat at 11 cents, Monday.
Poh Tiong Choon Logistics  to redevelop warehouse and office for S$128m
Singapore listed <a href="http://www.ptclogistics.com.sg/" target="_blank">Poh Tiong Choon Logistics</a> plans to spend around S$128 million to redevelop its existing warehouse and office at Pandan Road, the company said, while adding that construction is expected to be completed by February 2018
The company will use banking loans to the tune of S$110 million and the rest will be funded from internal resources. When completed the redeveloped warehouse will have a gross floor area of about 101,590 sq meter. Poh Tiong Choon has also reached a deal with <a href="http://www.jtc.gov.sg/" target="_blank">JTC Corporation</a> to lease the premises for another 24 years and four months beginning July 2019.
Poh Tiong Choon shares last closed at 68 cents on Monday.
Lifebrandz sells stake to raise S$1.8m
Singapore-listed <a href="http://www.lifebrandz.com/" target="_blank">Lifebrandz </a>that operates night clubs and pubs, said it is selling 500 million new shares to three investors to raise $1.8 million.
The company is selling the shares at 36 cents each and this marks a discount of 10 per cent to the volume weighted average price of 40 cents per share for trades done on its shares in the local exchange on December 19. Trading in the company’s shares were halted on December 22, prior to it making this announcement.
The three investors who have picked up equity interest in the company are Catherine Chan Hui Lan, Lim Fook Hing and Albert Ang Nam Wah.
The Placement Shares will, collectively, represent approximately 16.34 per cent of Lifebrandz’s enlarged issued share capital of 3.6 billion shares. The company will use the proceeds for working capital.

SG roundup: Ryobi Kiso, Poh Tiong, Lifebrandz

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SG roundup: Ryobi Kiso, Poh Tiong, Lifebrandz

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