27 March 2006      
Volume `000 
 Sing Tel
 China Paper
 CG Tech
Weekly movement as at 24 March 2006
 WBL Corp
 Bukit Sem
 JMH 400US$
 Fortune Reit HK$
Weekly movement as at 24 March 2006

Temasek: Places Out 770 Million SingTel Shares
Seagate: To Spend US$300 Million Into SGP Operations
Keppel: Offshore & Marine Unit In Deal To Develop Dockyard In Qatar
GuocoLand: Sold 20.9% Stake In Hotel Properties To Wheelock Properties

OCBC: To Take 10% Stake In VP Bank For $25 Million
Allco Reit: Launches IPO Of 321 Million Shares At $1 Each
Sun East: Offers 122.3 Million Shares At 26 Cents Each
Mapletreelog: Buying 15 Floors Of A 20-Storey Warehouse In Hong
Kong For $217 Million

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HOT Off The Press

Noble Group Fleet Management Hits 150 Vessels - 10 More Scheduled

Fleet Management, a member of global supply chain manager Noble Group, reached another milestone by adding two new ships to its portfolio taking the total number of vessels under full technical management to 150. Solidifying its position as a top world technical ship manager, Fleet Management reached this mark in record time having signed its 100th ship 18 months earlier in October 2004 coinciding with the 10th anniversary of the business.

Fleet Management conducted the supervision on the two newbuilds - a handymax bulk carrier and a product carrier with a further 10 newbuilds scheduled to come under full technical management by year's end. Fleet is a respected leader in this area and is adept at advising owners on their ship construction across China, Korea and Japan.

Noble Group Limited is a market leader in managing the global supply chain of agricultural, industrial and energy products. [+]

Asia Environment Entry Of Framework Agreement With Shanghai Excellent Trade Co., Ltd

Asia Environment Holdings Limited has on 18 March 2006 entered into a Framework Agreement with Shanghai Excellent Trade Co., Ltd.

The Company will, through a special purpose vehicle to be established, construct and operate a water supply facility in Fengtai county, Anhui province, PRC, as well as connected water piping network for the Fengtai county and Panji county, Anhui province, PRC.

The total capacity of the plant is designed at 100,000 tons/day and phase 1 involves construction up to 50,000 tons/day. Total investment is estimated to be RMB 140 million, of which phase 1 investment is estimated to be RMB 85 million. The concession period is 40 years from commencement of commercial operation of the facility.

Asia Environment Holdings Ltd is one of the leading integrated water and wastewater treatment solution providers in the People's Republic of China (PRC). [+]

Samudera Acquisition Of Properties

Samudera Shipping Line Ltd and its wholly-owned subsidiary Foremost Maritime Pte Ltd have entered into option agreements for the purchase of 3 floors at 6 Raffles Quay that have a total floor of approximately 30,000 square feet.

The Group intends to move its offices from its current locations to the Properties. The Directors believe that the Properties would cater for the long-term needs of the Group and any future expansion of its business. Pending full utilization of the Properties the Group may lease any surplus space to third parties.

Samudera is a regional container shipping line serving the Middle East and the Indian Subcontinent in the west, South East Asia and Indo-China at the center and the Far East to the north. [+]

MultiVision Invests HK$33.3 Million To Raise Indirect Stake In China-Vision To 40%

China-Vision is a leading developer and manufacturer of RFID and contactless smart card readers in China. China-Vision is one of 10 companies licensed by China's Public Security Bureau to produce card readers for the nation's second-generation identification card project. It is also one of 13 manufacturers certified by the PSB to provide image capturing equipment for the 2GID Card project.

The Group said that it is increasing its indirect stake in China-Vision through a sale and purchase agreement to acquire an additional 33.3% stake in UniVision Intelligent Surveillance Limited from Infinite Sky Holdings Limited, which will raise its stake in UISL to 83.3%. UISL, in turn, owns 48% of China-Vision.

MultiVision currently holds a 24% indirect stake in China-Vision through a 50% stake in UISL held by its 100%-owned subsidiary, Ace Legend Sky Ltd.

MultiVision was established in 1986 and is principally engaged in the provision of outsourced security and IT-related services, such as video surveillance services, and the manufacture of security and private network devices, such as smart ID card devices and point-of-sale terminals. [+]

A-REIT To Acquire Two Properties For S$78.0 Million

A-REIT has signed separate put and call option agreements today to acquire two properties: Sembawang Kimtrans Logistics Centre and Logistics 21 for an aggregate price of S$78.0 million from Sembawang Kimtrans Limited.

The acquisition of the Properties will be accretive to A-REIT's distributable income per unit and the pro forma financial effect of the acquisitions on the DPU for the financial year ended 31 March 2005 would be an additional 0.07 cents per unit.

Sembawang Kimtrans Limited is a 26.10% associate of SembCorp Logistics Ltd. The SKL Group offers a range of logistics services that can be packaged and customized to provide turnkey logistics solutions that are classified into two broad categories of marine and mining logistics; and integrated logistics.

A-REIT is the first business space and light industrial real estate investment trust listed on the SGX-ST. [+]

Esmart Enters Into An Agreement With Bharti Tele-Ventures

E-Smart Holdings Limited subsidiary E-Smart Technologies Pte Ltd has entered into a comprehensive, mutually cooperative Joint Marketing Agreement with Bharti Tele-Ventures Ltd India's largest private Broadband service provider to promote and market Esmart's IP products bundled with Bharti Tele-Ventures' connectivity products.

This agreement will provide Esmart an access to Airtel Broadband customers (which include thousands of enterprise customers) and promote its Video Conferencing and IP Video Surveillance products. The recent years has seen India's economy surging ahead and its enterprises becoming increasingly competitive in a global scenario bringing in huge demand for communication and security products.

Esmart is principally engaged in the design and supply of intermediate products for the multimedia infotainment, data communications, automotive electronics, wireless (GPS/GSM) applications, and digital video services and systems segments of the electronics industry. [+]

CNA Group Wins China Projects Worth RMB70.0 Million

• Significant inroads made in the commercial and residential sectors in China, particularly in Beijing and Shanghai.

• Makes foray into military and automotive sectors in China.

• Aims to build China business around commercial, infrastructure, industrial, residential and water sectors.

CNA Group Ltd. is an award-winning specialist in the provision, design, implementation and maintenance of advanced integrated control and automation systems and IT solutions that enable intelligent buildings and facilities. [+]

EC-Asia International Ranked Among Singapore's Top 1000 Companies For 2006

EC-Asia International Limited has been conferred as a "Singapore 1000" company by DP Information Group, the ranking and certification body of the Singapore 1000 and SME 50, Fastest Growing 50 and Singapore International 100 awards.

The Singapore 1000 is co-produced by Ernst & Young, with support from IE Singapore, SPRING Singapore and The Business Times.

EC-Asia International Limited is an Australian listed (ASX:ECI) company focusing on developing, manufacturing and distributing of DRAMs and Flash Memories needed in the digital world for hyper-demanding computing and entertainment devices. [+]

Sinomen Technology Signs MOU With The National University Of Singapore And Nanchang University To Beef Up Research And Development On Nutriceutical Products

Sinomem, NUS and NCU will establish joint Sinomem-NUS-NCU research and development centres in NUS and NCU. The joint research and development centres will focus on food science and technology, food process and engineering, nutriceutical product development and applied membrane technology.

In addition, NUS and NCU will provide professional attachment of students and staff to Sinomem and, as an exchange, Sinomem's key technical personnel will be engaged in the education, research and development activities in NCU and NUS.

Sinomem and its subsidiaries provide integrated process and engineering solutions for separation, purification and cleaner production purposes for their customers in diverse industries through the use of its proprietary advanced membrane technology. [+]

Noble Group Develops Ethanol Plants In USA

Noble Group has announced that the first ethanol plant under construction by MABE, a Nebraska based holding company specializes in the development of ethanol plants. The 44 million gallon plant located in Madrid, Nebraska is expected to reach mechanical completion by December 2006. Senior lenders to the Madrid plant are lead by Societe Generale, for whom this project represents the first ethanol transaction in the USA.

Noble, a shareholder of MABE, is the assigned marketer of all ethanol output produced by the Madrid plant as well as any new projects including the development of a new ethanol plant to be based in Cambridge, Nebraska.

Noble Group Limited is a market leader in managing the global supply chain of agricultural, industrial and energy products. [+]

Anwell Technologies Limited Entered Into 3 MOU For The Acquisition Of Umedisc (Holdings) Limited, Jilin Qingda Digital Co., Ltd And Henan Kerry Digital Co., Ltd. With Their Respective Shareholders

Founded in 2003, Umedisc is currently one of the leading DVDR media product solution providers in Hong Kong with over 100 customers globally and having manufacturing partners in Hong Kong and China. The services provided by Umedisc includes rental of production machine, DVDR product sales and marketing, logistics and procurement, supply chain management and process IP transfer.

Jilin Qingda and Henan Kerry are two established DVDR manufacturers based in the middle and the north-eastern part of China, which enjoy relatively low labour, rental and energy costs.

It is the intention of Anwell to create a synergistic alliance between Umedisc, Jilin Qingda and Henan Kerry, through these intended acquisitions to export DVDR products into the global market.

Anwell provides integrated business solutions for optical disc replication businesses. [+]

CEO's Walk The Talk

"..By tapping on talents and the world-class facilities in NUS and NCU, we will be better positioned to explore the huge market potential provided by thousands of products..."
Dr. Lan Wei Guang
Founder and Managing Director
Sinomem Technology Limited

Highlighted Company

Established in Linyi City , Shandong Province, the PRC, China Paper Holdings Limited has a vertically integrated paper manufacturing operation equipped with in-house production facilities for the manufacture of wheat pulp, paper products and paper chemical products. The Group's core business is in the manufacture and distribution of mixed-pulp based paper products made from a mixture of wood pulp and wheat pulp. Its close proximity to an abundance of wheat straw farms in Shandong Province ensures ready access to good quality wheat straw, which in turn boosts cost, logistical and operational efficiencies.

The Group's products are sold to over 320 customers comprising publishing houses, printing companies and other paper distributors throughout the PRC. It has an extensive sales and marketing network in regions with high paper consumption like Beijing , Shanghai , Jiangsu and Zhejiang . Its range of paper products includes uncoated printing and writing paper, lightweight packing paper and semi-finished tissue paper. China Paper's also sells chemical products such as sodium hydroxide (commonly used during paper manufacturing) and liquid chlorine (used in the paper manufacturing process as a bleaching agent for pulp).

Our first sales and marketing point originated from Shandong Province and we have since expanded our sales and marketing network extensively towards the northern and southern regions of PRC. Currently our sales and marketing network can be segregated into three regions in PRC:

 • the Shandong Province ;
 • the Northern region of PRC including Beijing , Hebei , Henan , Shaanxi and Tianjin ; and
 • the Southern region of PRC including Anhui , Fujian , Guangdong , Jiangsu , Shanghai and Zhejiang

Historical Price Data
 Date Open High Low Close
 24 Mar 2006
 23 Mar 2006 0.370 0.415 0.370 0.415
 22 Mar 2006 0.380 0.380 0.365 0.365
 21 Mar 2006 0.385 0.390 0.370 0.380
 20 Mar 2006 0.375 0.385 0.370 0.380

EPS ($) *
NAV ($) **
Dividend ($) ****
Price / NAV **
Dividend Yield (%) ****
Market Cap (M)
Par Value ($)
USD 0.040
Issued & Paid-up Shares ***
52 Weeks High
52 Weeks Low
* Based on latest Full Year Results Announcement
** Based on latest Results Announcement (Full Year, Half Year or Interim)
*** Rounded to the nearest thousand. Updated on 28/02/2006. Please click here for more information.
**** Dividend is based on latest Full Year Results Announcement and excludes special dividend

28 Feb 2006 Notification Pursuant To Rule 704(11) Of The Listing Manual For Financial Year Ended 31 December 2005
28 Feb 2006 Full Year Financial Statement And Dividend Announcement
28 Feb 2006 China Paper Post Strong FY2005 Earnings Growth Of 25.2% To RMB 147.7 Million
02 Feb 2006 Reply To Query Regarding Trading Activity
03 Jan 2006 China Paper To Enhance Production Output

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