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Mencast Holdings Ltd (MCHL.SI)

MCHL.SI on Stock Exchange of Singapore

23 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Mencast Holdings expects to record loss for FY ended 31 Dec 2016
Wednesday, 22 Feb 2017 04:18am EST 

Mencast Holdings Ltd : Financial Year ended 31 december 2016 , it is expected that company and its subsidiaries will record a loss .Expected loss for 4q2016 and fy2016 is due to protracted weakness and uncertainty of recovery in oil & gas industry.  Full Article

Mencast enters mou with Houston Technology Center - Asia
Thursday, 26 Jan 2017 04:24am EST 

Mencast Holdings Ltd - : Mencast Enters Mou With Houston Technology Center - Asia . Entered into a memorandum of understanding ("mou") with Houston Technology Center - Asia .Mou to jointly offer technology innovation and commercialization assistance to Singapore entrepreneurs.  Full Article

Mencast Holdings announces disposal of leasehold industrial property
Thursday, 22 Dec 2016 04:30am EST 

Mencast Holdings Ltd. : S & W Pte. Ltd has on 22 december 2016 granted Ces-Precast Pte. Ltd an option to purchase a leasehold industrial property . Purchase consideration shall be satisfied in cash . Deal for a consideration of S$6.35 million, which may be adjusted to S$6.88 million . Unit granted Ces-Precast Pte. Ltd an option to purchase a leasehold industrial property at 11 Tuas Basin Close Singapore . Company expects to receive net proceeds of S$6.87 million from proposed disposal .Intends to utilise proceeds from proposed disposal for repayment of bank borrowings and as general working capital.  Full Article

Mencast Holdings announces banking facilities with United Overseas Bank Ltd
Sunday, 21 Aug 2016 07:37pm EDT 

Mencast Holdings Ltd : Banking facilities with United Overseas Bank Limited . The group has on 19 August 2016 entered into banking facility agreements with United Overseas Bank Limited . Group secured loan facility of up to S$50.0 million with United Overseas Bank; also secured facilities of up to S$24.9 million, comprising term loan facility . Says funds from the banking facilities will be used for the redemption of the outstanding bonds of S$50 million .  Full Article

Mencast enters into enters into supply and licence agreement with Stone Marine Propulsion
Friday, 15 Jul 2016 05:10am EDT 

Mencast Holdings Ltd : Proposed acquisition of certain target assets of stone marine Singapore private limited - completion) . Also entered into a supply and licence agreement with stone marine propulsion limited . Deal relating to the grant of the licence and the supply of designs of commercial, leisure and military propellers .  Full Article

Mencast Holdings updates on legal proceedings
Tuesday, 21 Jun 2016 06:14am EDT 

Mencast Holdings Ltd : Plaintiffs are seeking, a declaration that profit warranty undertaken by plaintiffs in sp agreement entered with co be declared void . Company is seeking legal advice and will take all necessary measures to resist and refute the plaintiffs' claims in the suit . Also seeking s$2.35 million allegedly due from co under spa, damages from co in relation to wong chung kang's employment with co's unit .  Full Article

Mencast Holdings enters conditional asset sale purchase agreement
Tuesday, 14 Jun 2016 06:53am EDT 

Mencast Holdings Ltd : Company has entered into a conditional asset SPA with Stone Marine Overseas Limited, Langham Industries and Target . Consideration for the proposed acquisition is S$2.5 million .  Full Article

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