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SATS Ltd (SATS.SI)

SATS.SI on Stock Exchange of Singapore

5.23SGD
20 Jun 2019
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Latest Key Developments (Source: Significant Developments)

SATS Says Co Agrees To Buy 50% Of Nanjing Weizhou Airline Food Company
Friday, 17 May 2019 

May 17 (Reuters) - SATS Ltd ::AGREES TO BUY 50% OF CHINA FOOD COMPANY, NANJING WEIZHOU AIRLINE FOOD COMPANY THROUGH UNIT.TO BUY 45% STAKE IN TARGET FOR ABOUT S$25.5 MILLION & ANOTHER 5% THROUGH SUBSCRIPTION OF NEW SHARES FOR ABOUT S$5.7 MILLION.  Full Article

SATS Q4 Revenue S$471.5 Mln Vs S$423.5 Mln
Friday, 17 May 2019 

May 17 (Reuters) - SATS Ltd ::Q4 REVENUE S$471.5 MILLION VERSUS S$423.5 MILLION.Q4 PROFIT ATTRIBUTABLE S$49.9 MILLION VERSUS S$65.4 MILLION.RECOMMENDED A FINAL DIVIDEND OF 13 CENTS PER SHARE.  Full Article

Sats Says Entered JV Agreements With 2 New Companies To Be Incorporated In Beijing, China
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - SATS Ltd ::SATS - ENTERED AGREEMENT WITH CAPITAL AIRPORTS HOLDING AND JUNEYAO AIRLINES TO INCORPORATE A CO IN BEIJING, CHINA TO PROVIDE INFLIGHT CATERING.ENTERED AGREEMENT WITH CAPITAL AIRPORTS HOLDING TO INCORPORATE DAXING GROUND HANDLING IN BEIJING, CHINA TO PROVIDE GROUND & CARGO HANDLING.CONSIDERATION FOR CO'S SUBSCRIPTION RMB106.3 MILLION FOR DAXING GROUND HANDLING JVCO.CONSIDERATION FOR CO'S SUBSCRIPTION RMB30 MILLION FOR DAXING CATERING JVCO.  Full Article

Sats Signs Investment Agreement To Build Central Kitchen In Tianjin
Monday, 19 Nov 2018 

Nov 19 (Reuters) - SATS Ltd ::SIGNS INVESTMENT AGREEMENT WITH TIANJIN WUQING HEXIWU TOWN GOVERNMENT, FOR CONSTRUCTION AND OPERATION OF A CENTRAL KITCHEN.SATS CHINA TO INCORPORATE A UNIT IN TIANJIN WITH REGISTERED CAPITAL OF RMB 120 MILLION TO BUILD & OPERATE A CENTRAL KITCHEN.  Full Article

Singapore Airlines Updates On Proposed JV With DFASS & SATS Asia-Pacific Star
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Singapore Airlines Ltd ::REFERS TO PROPOSED JOINT VENTURE WITH SATS LTD.PROPOSED JV WILL BE CARRIED OUT THROUGH SIA'S SUBSIDIARY, SINGAPORE AIRPORT DUTY-FREE EMPORIUM.PROPOSED JV WILL NO LONGER BE CARRIED OUT THROUGH DFASS SATS PTE. LTD..SIA WILL HOLD 70% OF ISSUED SHARE CAPITAL OF SADE, WHILST EACH OF DFASS AND SATS WILL HOLD 15%.PROPOSED JV TO ENGAGE IN A TRAVEL RETAIL BUSINESS IN SINGAPORE.PROPOSED JV IS NOT EXPECTED TO HAVE ANY MATERIAL IMPACT ON FINANCIAL PERFORMANCE OF COMPANY FOR CURRENT FINANCIAL YEAR.SINGAPORE AIRPORT DUTY-FREE EMPORIUM TO BUY ASSETS & BUSINESS UNDERTAKINGS OF DSPL TO OPERATE PROPOSED JV.  Full Article

Sats Posts QTRLY Profit Attributable S$63.9 MLN
Thursday, 19 Jul 2018 

July 19 (Reuters) - SATS Ltd ::QTRLY REVENUE S$439.4 MILLION VERSUS S$426.5 MILLION.QTRLY PROFIT ATTRIBUTABLE S$63.9 MILLION VERSUS S$57.3 MILLION.  Full Article

Wilmar International Announces Joint Venture Agreement With Sats Food Services Pte
Friday, 13 Jul 2018 

July 13 (Reuters) - Wilmar International Ltd ::ANNOUNCES JOINT VENTURE AGREEMENT WITH SATS FOOD SERVICES PTE. LTD..UNIT ENTERS INTO CONDITIONAL JV AGREEMENT WITH SATS FOOD SERVICES PTE. TO BUILD A CENTRAL KITCHEN IN LANGFANG, HEBEI, CHINA.CONSIDERATION FOR UNIT'S TOTAL SUBSCRIPTION IN JV RMB 48 MILLION.  Full Article

SATS Ltd To Increase Investment In Beijing Aviation Ground Services
Wednesday, 4 Apr 2018 

April 4 (Reuters) - SATS Ltd ::CO TO SUBSCRIBE FOR ADDITIONAL SHARES IN BEIJING AVIATION GROUND SERVICES CO; RAISE STAKE FROM 28 PERCENT TO 29 PERCENT.‍CAPITAL AIRPORTS TO SUBSCRIBE FOR AND INJECT ADDITIONAL US$19.9 MILLION OF ENLARGED REGISTERED CAPITAL IN BEIJING AVIATION GROUND SERVICES​.‍ TO SUBSCRIBE FOR AND INJECT US$8.3 MILLION OF ENLARGED REGISTERED CAPITAL IN BGS​.  Full Article

SATS Ltd Enters Joint Venture Agreement With Singapore Airlines, DFASS
Thursday, 8 Mar 2018 

March 8 (Reuters) - SATS Ltd ::SIGNS JOINT VENTURE AGREEMENT AMONGST SINGAPORE AIRLINES, SATS AND DFASS.SINGAPORE AIRLINES TO SUBSCRIBE FOR A 70% EQUITY STAKE IN DFASS SATS PTE. LTD​.  Full Article

SATS Wins Mumbai Airport International Cargo Concession​
Friday, 29 Dec 2017 

Dec 29 (Reuters) - SATS Ltd ::ANNOUNCES MUMBAI AIRPORT INTERNATIONAL CARGO CONCESSION​ WIN.CONCESSION WILL COMMENCE IN APRIL 2018 AND RUN FOR 18 YEARS.  Full Article

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Lufthansa looking to merge European catering unit with peer - sources

FRANKFURT Lufthansa is looking to merge the European operations of its catering unit LSG with a peer as it struggles with low margins in a competitive market on the continent, people close to the matter said.