Singapore business news in brief

  • ROLY International Ltd's Hong Kong–listed unit Linmark Group Ltd has secured two new supply chain management contracts from Edgars Consolidated Stores Ltd of South Africa and Dr Rehfeld Holding AG of Germany. 

    These new contracts would contribute positively to Linmark’s shipment volume, Roly said, without providing details of the contracts. 

    “Linmark has increasingly been relied upon, especially during the recent SARS (Severe Acute Respiratory Syndrome) crisis. As clients have been reluctant to travel for merchandising purposes, the total supply chain management solutions provided by Linmark and the Roly group have proven to be invaluable,” it said. – AFX 

  • YHI International Ltd, a distributor of automotive and industrial products, has lodged a preliminary initial public offering (IPO) prospectus with the Monetary Authority of Singapore (MAS). No further details regarding the IPO were immediately available. 

    The company reported a pre-tax profit of S$14.9mil on sales of S$176.9mil for 2002. – AFX 

  • Another perspective from The Straits Times, a partner of Asia News Network. 



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