- Sales grew 23.5% to RMB 301.0 million boosted by rise in sales of bull semen.
- Plans to add another 3,000 dairy cows to its herd by end 2006.
- New dairy processing plant expected to be ready by end 2006.
China Milk’s primary operating subsidiary, Daqing Yinluo Dairy Co., Ltd. is a National Leading Enterprise and has nine dairy farms, with a combined land area of approximately 1.83 million square metres. [+]
- Meghmani posts best full-year revenue and net earnings in Company’s history.
- Revenue rose 16.5% to Rs 3.9 billion.
- Net profit grew 20.1% to Rs 352.7 million.
- Gross profit margin improved to 25.6%.
Meghmani is a manufacturer of pigments and pesticides. [+]
Republic Polytechnic is the first institute of higher learning in Asia to deploy new wireless network technologies from Cisco Systems to enrich its students’ learning experience. The Cisco Unified Wireless Network is part of a S$3.6 million contract awarded to Singapore Computer Systems Limited. SCS designed, built and commissioned a wired and wireless network infrastructure for Republic Polytechnic’s new 20-hectare campus at Woodlands.
The highly secure wireless network infrastructure will connect Republic Polytechnic’s 12 “Learning Pods” (study clusters and dry labs) as well as its Republic Polytechnic Centre.
The Cisco Unified Wireless Network comprises a unified wired and wireless solution that cost-effectively addresses issues such as wireless local-area network security, deployment, management, and control issues. It combines the best elements of wireless and wired networking to deliver highly secure, scalable WLANs with a low total cost of ownership.
Singapore Computer Systems is a leading information and communications technology service provider in Asia. [+]
Ban Yen-2A was plugged and abandoned as an oil and gas discovery on 9 May 2006. Ban Yen-2B was plugged and abandoned as an oil discovery on 15 May 2006. Ban Yen-2C was was plugged and abandoned as an oil discovery on 13 May 2006. Ban Yen-2D was plugged and abandoned as an oil discovery on 19 May 2006.
PEARL is currently undertaking a 60-day exploration drilling program within and around the Jasmine Production Area to assess additional oil prospects in the vicinity of the Jasmine field that may be commercially viable using existing infrastructure.
PEARL is a Singapore-based oil and gas company engaged in the exploration, development and production of oil and gas exclusively in Southeast Asia. [+]
- Chengdu Jinsha Historical Site Museum in Sichuan province will house archaeological treasures which require strict climate control and advanced electronic tagging systems.
- CNA to provide climate control, security and building automation systems that will focus on preserving, protecting, monitoring and showcasing the ancient relics.
- 2nd major project secured by Zillion IBMS following its acquisition by the Group.
- China operations has secured RMB 70.9 million in orders since the start of 2006; demonstrates success of China strategy.
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. [+]
TeleChoice International Limited has appointed Mr Andrew Loh, 50, as its new Group Deputy President with effect from 1 Jun 2006.
Mr Loh will be responsible for TeleChoice’s overall operations and regionalisation, and report to TeleChoice’s President and Executive Director, Mr. Clive Lim. The Group’s 3 business units, Distribution Services, Telecoms Services and Network Engineering Services, will report to Mr Loh. Mr Loh’s focus will be on the overall management and growth of the Group’s businesses in Singapore and around the region. In addition, he will assist the President in overseeing the overall strategic development of the Group.
TeleChoice International Limited is a regional diversified provider and enabler of innovative communications. [+]
lPT KSW Batam, a wholly owned subsidiary of King’s Safetywear Indonesia Pte Ltd which is in turn 100% owned by the Company, has increased its paid-up capital from US$1 million to US$8 million through a conversion of debt to equity. The US$7 million of debt which was converted to equity consists of loans extended by KSWI to KSW Batam for the purchase, set-up and operation of the factories that house the manufacturing facilities in Batam.
Following the construction of the factories in Batam, the Company successfully transferred its Malaysia manufacturing operations to the new Batam facility in FY2005. Upon completion of the consolidation exercise, annual cost savings are expected to accrue to the Company from more efficient logistics, improved work flow and lower work in progress inventory.
King’s Safetywear Limited is a leading manufacturer of industrial safety footwear and personal protective equipment and markets them under its proprietary brands of "King's", "Otter" and "Comfortwear" in Asia, Europe and Oceania. [+]
Prof C C Hang holds a PhD in Electrical Engineering. In January 2004, following the end of his 3-year secondment as Executive Deputy Chairman to Agency for Science, Technology and Research, he re-joined the National University of Singapore as the founding director of the Centre for Management of Science and Technology, Faculty of Engineering.
Mr. Poo, the Group’s Director of R&D, joined Trek on 7 June 1999. His speciality lies in the areas of firmware and software architectures. In his capacity as the Head of R&D, he is responsible for the overall project planning and execution. Mr Poo is also responsible for developing Trek’s patenable solutions which encompass the entire work spectrum commencing from initial conceptualization through to design and eventually product patent registration. He is also responsible for initiating and driving the Group’s adoption of emerging technologies, one of the building blocks of Trek’s prospective R&D roadmap.
Trek 2000 International Ltd, an industry leader, innovator and patent owner of the ThumbDrive® offers state-of-the-art design solutions ranging from portable storage devices, Digital technology, wireless, and encryption to sophisticated Enterprise solutions all catering to the fast changing digital industry. [+]
The resumption of the Company’s traditional procurement process is a key step by the Company in its effort to honour its commitment to recover and improve shareholder value, as well a key milestone in CAO’s rehabilitation process.
Beginning in December 2004, and throughout the Company’s subsequent restructuring period, it conducted jet-fuel procurement activities on an agency basis through its subsidiary, China Aviation Oil Trading.
CAO’s board and management have sought to ultimately re-establish its traditional business model for jet-fuel procurement. Following extensive effort by all relevant parties, having access to sufficient bank facilities, and having received the approval of its newly established Board and Risk Management Committee, the Company believes that the time is right for such a change.
China Aviation Oil (S) Corp Ltd is a Singapore-headquartered, multinational investment and oil infrastructure company. [+]
Wholly-owned subsidiary company, Or Kim Peow Contractors (Private) Limited had been awarded a contract (Contract no: 1-FD-0205/SC-03) for site clearance works - New Polymer Storage for Exxonmobil Chemical Asia Pacific, Singapore Parallel Train Project, Jurong Island, Singapore by Foster Wheeler Asia Pacific Pte. Ltd. and WorleyParsons Pte. Ltd..
The amount of the tender is SGD691,000 and the commencement date for the Contract is 1 June 2006.
OKP Holdings Limited is involved in the construction and maintenance of roads in Singapore. [+]
RSH Limited announced Group revenue for the full-year FY2006 rose by 31.0% to $554.2 million, from $422.9 million previously, boosted by sales growth in its retail business. Relatively higher operating expenses in some markets, in line with the higher business volume, however, shaved off net earnings slightly by 5%, from $16.9 million to $16.0 million. Singapore, Malaysia and the Middle East were the Group’s Top 3 income earners.
Singapore, the Group’s largest market, accounting for nearly a third of Group revenue, grew by 12.8% in sales from $149.7 million to $168.8 million year-on-year. Sales of fashion products contributed to more than two thirds of this sales growth on the back of stronger sales in sports and golf business segments, improved merchandise range and acquisition of new international brands.
RSH Limited has carved a retail network encompassing more than 28 different retail concepts and incorporating over 420 free-standing stores and 570 shops-in-shop in 11 countries. [+]
- Revenue and gross profit up by 24% and 25% respectively; net profit increases 20%.
- Increases in sales volumes and average selling prices of both potato starch and potato starch-based products, as well as enhanced sales mix from higher-value modified starch products are key growth drivers.
- EPS for full year at RMB0.352, from RMB0.300 in the previous year.
- New modified starch products contribute 11.4% to Group revenue for FY ended 31 March 2006.
China Essence is a leading integrated producer of potato starch and potato starch-based products such as vermicelli, starch strips and five-grain noodles in the PRC. [+]
The successful completion of the Plant was marked by the Grand Opening Ceremony that took place on May 20, 2006 in Xianyang City.
It was the Company’s honor to have the Provincial Government Deputy Minister of Shaanxi Province, Mr. Hong Fong, Shaanxi Province’s Director of Environmental Protection
Bureau, Mr. He Fa Li, Party Secretary Chairman of the City, Mr. Zhang Li Yong, Xianyang City’s Vice Director and Mayor, Mr. Qian Jun Chang, Xianyang City’s Director of Environmental Protection Bureau, Mr. Xu Zhong Xin attend and give their speeches. Other provincial and local government officials were also present to celebrate the grand opening of the Plant.
Bio-Treat Technology Limited is one of the PRC’s leading companies in the development and application of biotechnology for the treatment of waste and wastewater. [+]
Proceeds from the Facility will be used to refinance existing debt, finance permanent working capital and for general corporate funding requirements of the Company.
The Facility was fully underwritten by DBS Bank Ltd, The Hongkong and Shanghai Banking Corporation Limited, Rabobank International and Standard Chartered Bank.
Reflecting overwhelming response from the market, the Facility received commitments from 19 international institutions, including the Lead Arrangers.
Olam is a leading global integrated supply chain manager of agricultural products and food ingredients. [+]
- Recognised exceptional gain of HK$81.3 million in 4Q FY2006, following China Fishery listing on Singapore Exchange (based on S$1.25 IPO price); profit after tax up 137.7% to HK$420.4 million.
- Excluding exceptional gain: profit after taxation grew 91.8% to HK$339.2 million on higher contribution from China Fishery; PATMI HK$176.1 million or 13.9% y-o-y increase.
- FY 2006 revenue grew 22.9% to HK$3.6 billion; operating margin improved to 14.86% from 7.92% on better pricing.
- Proposed dividend of S1.82 cents.
Pacific Andes (Holdings) Limited is a leading food supplier, specialising in industrial fishing, global sourcing, transportation and supply of quality frozen seafood products to the international market. [+]
Wholly owned subsidiary, Jiangsu Hengxin Technology Co., Ltd has successfully tendered for and awarded a contract worth about RMB119 million With China Mobile Communications Group Corporation, one of the major telecommunications operators in China.
The contract involves supplying radio frequency coaxial cables of about 3,100 kilometres and other telecommunication equipment and accessories to 31 cities and provinces in China. According to the terms of the contract, it is scheduled to be completed by 30 September 2006.
Hengxin is one of the leading manufacturers of radio frequency coaxial cables for mobile communications and telecommunications equipment in the PRC, with a strong focus on research design and product development. [+]
Meghmani Organics Limited following consultation and in accordance with the mandatory requirements of the Indian Ministry of Finance would be seeking an initial public offer on the Indian Stock Exchange within the next six months.
In accordance with the Indian Listing Rules, a company is required to issue 25% new equity shares (post listing). However MOL will seek an exemption from the Stock Exchange and Securities Exchange Board of India to offer less than 25% of its paid up capital by way of public offering.
Meghmani is principally engaged in the manufacture and sale of Pigments and Agrochemicals. [+]
Wholly-owned subsidiary, Swissco Offshore Pte Ltd has placed orders for two new vessels as part of its plan to expand its fleet to meet the demands of its customers in the buoyant oil and gas industry.
In the first order, SOPL has awarded a contract for the construction of a 45m anchor handling tug to a Chinese Shipyard in Guangzhou, PRC. This new order will be the tenth order to be awarded to this Shipyard for the Group. This vessel which is scheduled for delivery in 2nd half of FY07, will be the 3rd vessel of a similar design to be acquired by SOPL.
The second order for the construction of a 85m offshore barge was awarded to another Chinese Shipyard in Nanjing, PRC. It is designed for heavy deck loading capability that can meet the increasingly heavy loads requirements in offshore work. This barge which is scheduled for delivery in end FY06 is the second vessel of the same design and the third order to be awarded to the Nanjing shipyard.
Swissco is one of the leading operators of a young and modern fleet of offshore support vessels, providing marine services to the shipping and offshore oil and gas industries. [+]
Depa Group of Companies intends to take a 16.8 per cent stake in Design Studio through the acquisition of a total of 35,250,000 shares from Mr Jeremy Koh Kah Liam, Executive Director and Mr Edward Ho Kai Hon, a Non-Executive Director. Part of the shares to be acquired are held through BJE Holding Pte Ltd.
Reputed to be one of the top twenty specialty fit-out contractors in the world, Depa was first established in the United Arab Emirates in 1998. It has now a consortium of 12 diversified subsidiary companies specializing in the full scope fit-out and furnishing of five star luxury hotels, yachts and facilities and has branches in Abu Dhabi, Dubai, Doha, Cairo, Casablanca, Khartoum, Jeddah, Milan and Shanghai, and site offices in various cities in the Middle East & North Africa.
Design Studio is Singapore's premier furniture manufacturer, product and interior fitting out specialist. [+]
Total product revenue increased by 35% to US$7.7 million in 4Q FY06 from US$5.7 million in the prior year’s corresponding quarter, and an increase of 37% to US$28.6 million in the twelve months ending March 31, 2006 from US$20.9 million in the prior fiscal year. The increase in revenue is primarily attributable to growth in the sales of its drug-eluting stents.
Revenue from DES was US$3.2 million in 4Q FY06 compared with US$0.6 million in the prior year’s corresponding quarter, and for the fiscal year, revenue from DES was US$9.0 million compared with US$1.2 million in prior fiscal year.
Biosensors develops, manufactures and markets innovative medical devices used in interventional cardiology and critical care procedures. [+]
- Group set to launch world’s first designed-in-Asia satellite BGAN terminal in June 2006.
- Satellite terminal contract with Immarsat expected to be completed in FY2007.
- Current order book in hand totalling US$6.1 million including contract with Telenor, Norway’s top satellite telecom player.
Addvalue Technologies Limited is a leading one-stop digital, wireless and broadband communications technology products innovator, which provides comprehensive satellite communication solutions, tracking and telemetry communication solutions and digital wireless design services. [+]
- North Asia Strategic Holdings Limited proposes to invest up to US$48.0 million in Autron through new shares and convertible bonds issue.
- Proceeds raised will be used to strengthen balance sheet and expand business operations of Autron.
Autron is a leading total solutions provider of assembly equipment and services to the electronics industry. [+]
“…This shortage of quality raw milk supply and pedigree dairy cows has long been a problem of the milk processing industry, particularly in the PRC. As one of the largest companies specialising in the production of bull semen, dairy cow embryos and raw milk, we see ourselves playing an important role in meeting the escalating demands for milk and milk products in China…"Mr Liu Hailong,
CEO and Executive Director
China Milk Products Group Limited.