United Test and Assembly Center Ltd has been awarded the 2005 "Supplier of the Year" award from the Medtronic Microelectronics Center Semiconductor Operations Group, a division of NYSE-listed Medtronic, Inc., a global leader in medical technology.
The Medtronic Microelectronics Center division, a leading global provider of semiconductor solutions in medical and commercial applications, develops and provides full custom integrated circuits, IC foundry services and custom microelectronics for a wide range of industries and companies.
Medtronic has partnered with UTAC as their first wafer sort customer since early 1999. UTAC provides full turnkey wafer probe, laser trim, assembly and final test services for Medtronic's range of highly reliable semiconductor solutions. UTAC also provides wafer probing and assembly services for several of Medtronic's medical products and is involved in the development of new products.
United Test and Assembly Center Ltd is a leading independent provider of semiconductor assembly and testing services for a broad range of integrated circuits including memory, mixed-signal, logic and radio-frequency ICs. [+]
Swissco International Limited has entered into a placement agreement with CIMB-GK Securities Pte Ltd to place out 29,000,000 new ordinary shares at $0.355 per share due to demand from institutional investors.
The net proceeds from the Placement are estimated to be approximately $9.9 million. Out of this, approximately $8.0 million will be used to fund the Company's offshore fleet expansion plans. The balance will be used for working capital requirements.
Swissco is one of the leading operators of a young fleet of offshore support vessels, providing marines services to the shipping and offshore oil and gas industries. [+]
Wholly owned subsidiary, COSCO (Singapore) Pte Ltd has on 27th March 2006 entered into four Memorandums of Agreement for the sale of four vessels, M/V Sea Phoenix, M/V Sea Crane, M/V Jurong Sea and M/V Cos Angel. The aggregate sale consideration is US$34 million.
This rationalisation exercise will firstly allow the Company to earn a profit of approximately US$14.2 million and secondly and more importantly enable the Group to renew its fleet of vessels in order to maintain its market presence and competitiveness within the regions where the Group operates.
COSCO Corporation is a diversified group with core activities in shipping and shipping related services. [+]
CNA has formed a limited liability company in Dubai, United Arab Emirates known as CNA Integrated Technologies (LLC), with 49% interest held by the Company and 51% interest held by a UAE national.
The initial paid-up capital of CNA Integrated Technologies is AED 300,000 (approximately S$134,000). CNA Integrated Technologies is deemed to be a subsidiary of the Company as the Company controls the composition of the Board and is responsible for its management.
The principal activities of CNA Integrated Technologies are the provision, design, implementation and maintenance of advanced integrated control and automation systems and IT solutions that enable intelligent buildings and facilities.
CNA is principally engaged in the provision, design and implementation of integrated control and automation systems and IT solutions for buildings and facilities. [+]
Anwell Technologies Limited has entered into a joint venture with New York Stock Exchange listed Global-Tech Appliances Inc. to jointly capitalize on opportunities in the global Organic Light Emitting Diode market.
The Group has signed a Sale and Purchase Agreement with a wholly-owned subsidiary of Global-Tech to establish a joint venture company, Lite Array Holdings Limited, as part of the Group's diversification strategy to penetrate the lucrative OLED market. The joint venture will focus on the manufacture and sale of OLED manufacturing equipment.
Anwell Technologies Ltd. is a global leader in providing integrated solutions for optical disc replication business. [+]
Armarda Group Limited has entered into a Placement Agreement with Chong Choi Fu, Jin Da Gang, Cou Tzi Meng and Lu Zhen Dong on 29 March 2006.
The estimated net proceeds raised from the Placement will amount to approximately S$2.7 million after deducting estimated expenses incurred in relation to the Placement and will be used to finance strategic partnerships or alliances, acquisitions or joint ventures for expanding the range of services offered by the Group as well as the intellectual property rights of the Group.
Armarda Group Limited is a IT and professional services provider focused on serving the People's Republic of China banking and financial services industry. [+]
WBL Corporation Limited has given an irrevocable undertaking to accept the proposed voluntary conditional offer by NASDAQ-listed subsidiary, Multi-Fineline Electronix, Inc. for all of Wearnes' 55.7% effective shareholding of its Singapore-listed subsidiary, MFS Technology Ltd. Wearnes' undertaking is subject to stockholders' approval, if required, under the SGX-ST Listing Rules.
WBL Corporation Limited is a dynamic international group with key activities in Technology Manufacturing, Automotive Distribution, Technology Solutions and Investments. [+]
• Beijing Herocan Environmental Engineering Tech to provide profits of between RMB 40 million to RMB 48 million for FY2006.
• Acquisition allows CNA to leapfrog into the water and environmental market sectors in China.
• CNA to springboard into new geographies by combining Singapore expertise with China technology.
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. [+]
HSBC Institutional Trust Services (Singapore) Limited as trustee of A-REIT has exercised the call option under the put and call option agreement entered into with Sunlight Electrical Pte Ltd on 26 January 2006.
Located within the business and industrial hub of Ubi, the Property comprises a six storey multi-tenanted light industrial building with ancillary offices and a covered carpark on the first storey. It sits on a land area of 6,492 sqm and has a gross floor area and net lettable area of 12,984 sqm and 10,931 sqm respectively.
The Vendor will lease back a total of about 4,400 sqm of space in the Property with two leases of 4 years (2,250 sqm) and 10 years (2,150 sqm) respectively.
A-REIT is the first business space and light industrial real estate investment trust listed on the SGX-ST. [+]
Venture Corporation Limited wholly-owned subsidiary, Univac Precision Engineering Pte Ltd has entered into a Joint-Venture Agreement with Mr Andreas Christen to establish a joint-venture company in Singapore
to be known as Protool Systems International Pte Ltd.
PSI will have an issued share capital of $200,000 divided into 200,000 ordinary shares. Univac will subscribe for 30% of the equity interest in PSI amounting to $60,000. The remaining 60% interest will be held by AC. Following the subscription, PSI will become an associated company of Univac.
PSI will be in the business of designing and manufacturing high cavitation tool fabrication solutions.
Venture Corporation Limited, a leading global electronics services provider, offers an excellent combination of outstanding management, world-class technical capabilities, innovative manufacturing technology, reliable testing capabilities and state-of-the-art facilities. [+]
Asia Water Technology Ltd. has entered into three subscription agreements dated 28 March 2006 with three funds managed by JLF Asset Management, LLC. The Investors have agreed to subscribe for an aggregate of 13,866,918 new ordinary shares in the capital of the Company at the subscription price of S$0.5816 for each Subscription Share.
Asia Water Technology Limited is a water treatment specialist company, offering total engineering solutions for both water purification and wastewater treatments systems. [+]
JEL Executive Chairman and CEO, Mr Tan Boon Yong, Eric has placed out a total 15 million shares to several institutional investors.
The Placement Shares, which has received strong response, were placed out, through CIMB-GK Securities Pte Ltd, to enhance the liquidity of the stock, and to increase the institutional holdings of the Group.
This placement represents approximately 6.85 per cent of JEL's issued capital, and raises the number of shares held by the public to approximately 69.3 million shares.
JEL Corporation (Holdings) Ltd. is an established distributor of fast-moving consumer goods, consumer electronic, IT, photographic and telecommunication products, with distribution networks spanning many emerging markets in Africa, Asia, Middle East and the Americas. [+]
New regulations have been released "Reform Scheme on Sales Price of Aviation Kerosene (Probation)", which will take effect on April 1st, 2006.
Under this new price reform scheme, the pricing system for sales of aviation kerosene for domestic flights within China (i.e. flights entirely within China operated by China's domestic airlines) will be changed from the present system controlled by The Civil Aviation Administration of China to a system under which guidance only is provided. Going forward, CAAC will set a base gross margin. Interested parties may negotiate the sales price within a +/- 8 % range of such base gross margin.
The new price reform scheme also stipulates that the gross margin for sales of aviation kerosene for international, Hong Kong and Macau flights of domestic airlines will gradually evolve into a completely market based system in two years time.
China Aviation Oil (S) Corp Ltd is a Singapore-headquartered, multinational investment and oil infrastructure company. [+]
The ENSCO 107 jack-up drilling rig has arrived in the Block B 5/27 contract area in the Gulf of Thailand in preparation for a minimum six-well exploration program in and around the Jasmine Production Area.
The 60-day drilling program is slated to comprise three exploration wells within the Jasmine PA, and one to the north and two to the south of the Jasmine PA but all within Block B 5/27. The program is designed to assess additional oil prospects in the vicinity of the Jasmine field that may be commercially viable using existing infrastructure.
PEARL contracted the ENSCO 107 jack-up rig from ENSCO Oceanics Company.
PEARL is a Singapore-based oil and gas company engaged in the exploration, development and production of oil and gas exclusively in Southeast Asia. [+]
FerroChina Limited has appointed Mr Nelson Fong Nien Shen to the position of Chief Financial Officer with effect from 1 April 2006.
In a reorganisation of the Group's senior administrative structure, FerroChina has moved to further bolster its internal management and control systems by promoting Mr Fong following the secondment of its current Vice-President of Administration and Finance Division, Mr Ting Chun-Kuang, to Changshu Everbright Material Technology Co., Ltd.
Mr Ting will take the position of acting Financial Controller for Everbright as FerroChina moves to complete the proposed acquisition of a 35.45% stake in the target company.
FerroChina, a PRC-based company listed on the Main board of SGX-ST is a manufacturer of heavy gauge galvanised steel coils, with zinc concentration layers. [+]
"..We anticipate that, with our competitiveness and the combined management strengths of both Anwell and Global-Tech, we will be able to maximize the synergies to generate higher efficiencies and cost reduction for the solution processing techniques used in OLED product manufacturing..."
Mr Franky Fan
Executive Chairman and CEO
Anwell Technologies Limited.