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SATS Ltd (SATS.SI)

SATS.SI on Stock Exchange of Singapore

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29 May 2017
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Latest Key Developments (Source: Significant Developments)

SATS says Q4 revenue S$425.8 mln, up 2 percent
Thursday, 18 May 2017 07:23pm EDT 

May 19 (Reuters) - SATS Ltd ::Q4 revenue S$425.8 million, up 2 percent.Qtrly profit attributable S$66.6 million versus S$50.7 million.Proposed full year dividend of 17 Singapore cents.  Full Article

Sats says unit entered into conditional joint venture agreement
Monday, 24 Apr 2017 11:50pm EDT 

April 25 (Reuters) - Sats Ltd :SG IPF Pte. Ltd has on 24 april 2017 entered into a conditional joint venture agreement with Chia Tai Animal Husbandry Investment.Deal in relation to proposed joint investment in Jilin Zhong Xin Cheng Food Co., Ltd..ctahib and SGIPF shall provide additional capital contributions of RMB286 million and RMB154 million respectively to Jilin Jvco.  Full Article

SATS updates on joint venture in relation to Jilin Zhong Xin Cheng Food Co
Monday, 24 Apr 2017 11:17am EDT 

April 24 (Reuters) - SATS Ltd ::Joint venture in relation to Jilin Zhong Xin Cheng Food Co., Ltd.JV with Chia Tai Animal Husbandry Investment (Beijing) Co., ltd. in relation to joint investment in Jilin Zhong Xin Cheng Food Co., Ltd..Deal in relation to SGIPF's and CTAHIB's proposed joint investment in Jilin Zhong Xin Cheng Food Co., Ltd..CTAHIB would own 65% of shares in Jilin JVCO and SGIPF would own 35% of shares in Jilin JVCO.CTAHIB and SGIPF shall provide additional capital contributions of rmb286 million and rmb154 million respectively to Jilin JVCO.  Full Article

Sats Coolport partners IE Singapore and AVA
Monday, 17 Apr 2017 05:18am EDT 

April 17 (Reuters) - Sats Ltd : :Sats Coolport Partners IE SG & AVA,Receives Eu approval to provide meat transshipment svcs btw NZ & EU.EU approval paves way to enable new trade flows via Singapore.  Full Article

Sats Ltd announces sale of shares in capital of Sats HK and Asia Airfreight Terminal
Friday, 17 Mar 2017 06:30am EDT 

Sats Ltd. : Sale of shares in the capital of Sats HK Ltd and Asia Airfreight Terminal Co Ltd . Sats has entered into sale and share purchase agreements with Hong Kong Airlines . Sats sells a 51 pct and a 4 pct stake in Sats HK and AAT to Hong Kong Airlines respectively . Deal at a sale consideration of HK$76.5 million . Sats will also be selling 4 pct of issued shares of AAT to HCIL, at a sale consideration of HK$100 million .Transactions are not expected to have any material impact on Sats' net tangible assets per share and consolidated EPS for current financial year.  Full Article

Sats says Q3 net profit rises 7.4 pct
Thursday, 9 Feb 2017 04:50am EST 

Sats Ltd : For Q3 ended December 31, 2016, group revenue was comparable year-on-year at S$440.9 million . Qtrly profit attributable to owners of company was S$65.1 million, 7.4% higher year- on-year .Operating environment continues to be challenging with airline margins under increasing pressure.  Full Article

SATS Ltd announces partnership with the general authority of civil aviation of Saudi Arabia
Monday, 22 Aug 2016 06:41am EDT 

SATS Ltd : Sats enters Saudi Arabian cargo market) . Announces partnership with the general authority of civil aviation of Saudi Arabia (gaca) and King Fahd International Airport (kfia) . Says granted to its subsidiary Sats Saudi Arabia, the cargo handling concession is valid for 22.5 years . Says Sats will build a new cargo terminal in the vicinity of kfia and within the kingdom's new cargo village .  Full Article

SATS updates on subscription of additional shares in DFASS
Monday, 1 Aug 2016 06:54am EDT 

SATS Ltd : Says Asia-pacific star and DFASS (Singapore) each subscribed for 9.0 million ordinary shares dfass Sats for consideration of s$9.0 million each . Transaction not expected to have any material impact on sats' NTA per share and consolidated EPS for current financial year .  Full Article

Sats says cessation of Cheng Wai Wing Edmund as chairman
Tuesday, 19 Jul 2016 10:11am EDT 

SATS Ltd : Says cessation of Cheng Wai Wing Edmund as chairman and independent non-executive director .  Full Article

SATS Ltd says unit to divest 17.8 pct stake in IAC to Tokyo Airport Service Co
Wednesday, 15 Jun 2016 05:50am EDT 

SATS Ltd : Divestment of 17.8% stake in international airport cleaning co., ltd.) . Tfk corporation signed a share transfer agreement on 15 June 2016 to sell its 3,200 shares in international airport cleaning . Deal for for the sum of JPY 16.8 million . Says proposed divestment is not expected to have any material impact on the co's consolidated EPS for currenet FY .  Full Article

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