Singapore News - A manager at an electrical work provider gave bribes totalling $17,325 to a technical supervisor at Sats, a ground-handling and in-flight catering service provider at Changi Airport. Choo Chin Chuan, 67, who was employed at AT Services at the time of the offences, gave. Read more at www.tnp.sg
Haberdashery
Image credit: Cassandra Nerva
Unknowingly, we’ve all definitely worn clothes with materials supplied by this company before:
Sin Hin Chuan Kee is the #1 distributor of thread and assorted accessories in Singapore, and guess what – they distribute to local school uniform manufacturers. Even if we’ve never stepped into its doors before, one would’ve at least noticed the shop, as its bright yellow exterior is certainly hard to miss.
Image credit: National Heritage Board
Having opened their doors in the
1960s, the name “Chuan Kee” pays homage to Ng Koon Teng, the founder’s hometown in Quanzhou, China. Initially calling Clyde Street their home, this street ceased to exist after the area underwent redevelopment in the 1970s.
BETWEEN Feb 22 and 26, notable shareholding changes at companies listed on Bursa Malaysia included those at
AirAsia Group Bhd, where Hong Kong-based investor Dr Stanley Choi emerged as a substantial shareholder.
Choi, an expert in mergers and acquisitions and one of the founders of private equity fund Yunfeng Capital, subscribed for 167.1 million AirAsia shares or 4.5% of the group’s share base on Feb 18. This increased his stake in the airline to 8.96%.
Choi’s subscription was part of a private placement exercise that AirAsia has embarked on to raise RM454.5 million through the issuance of 668.39 million new shares. The sum indicates a price of 68 sen per share.