Local listed YuuZoo Corporation (YuuZoo), along with the former management of Cinram Logisitcs France (CLF), established a new joint venture YuuLog Europe which acquired the business and assets of CLF.
Sembcorp Industries has announced the completion of the divestment of its entire 60 percent stake in Sembcorp Air Products (SembAP) to Eastman Chemical Singapore for approximately $4 million. In addition, the group has transferred its propylene purification plant on Jurong Island to Eastman Chemical Singapore for $5.7 million.
OSIM International has announced a 49.6 percent slump in its FY15 net earnings to $51.5 million, in comparison FY14 achieved net earnings of $103 million. Revenue dropped 10.4 percent to $619.6 million due to weaker sales as the year has been plagued with challenges from gyrating markets and currency turmoil in the region.