SHARES in XMH Holdings shot up to a five-year-high yesterday on news that a private equity fund linked to businessman Koh Boon Hwee has inked deals to pump $10 million into the company for an initial substantial stake of 8.6 per cent.The fund also has a vendor-share option to take its stake in XMH, a diesel engine, propulsion and power generating solution provider in the marine and industrial...

TWO mainboard-listed service providers for the oil and gas industry, Ezion Holdings and Kreuz Holdings, posted improved first-quarter earnings and revenues, boosted by contributions from regional projects. For three months ended March 31, 2013, net profit of offshore support service firm Ezion more than trebled from the previous year's US$14.1 million to US$46.2 million, or 5.02 US cents a...

ASL Marine Holdings posted a net profit of $9.62 million for its third quarter ended March 31, up 21 per cent from $7.96 million a year ago.The group, an integrated marine company, achieved a 17.6 per cent rise in gross profit to $18.8 million despite lower gross margin as revenue jumped 26.6 per cent year-on-year to $144 million. The revenue rise was attributed to more units of offshore support...