The opening of Best World’s Regional Centre in Causeway Bay, Hong Kong that provides administrative, sales support and training facilities, marks the Group’s firm commitment to develop Hong Kong into a key market. The Group expects the Hong Kong market to contribute to its FY2006 performance for the period ending 31st December 2006.
Progress shown by the Group’s Hong Kong operations has provided the Group with good justification to set up a RC in bustling Causeway Bay. The Hong Kong RC will also be able to serve consumers from the neighbouring PRC province of Guangdong and acts as an important springboard for the Group’s entry into China.
Best World International is a health and lifestyle product company, which specializes in the distribution of their products through the direct selling channel. [+]
Based on StarHub’s total issued share capital as at 31 May 2006, comprising approximately 2.14 billion shares, the proposed capital reduction will involve the cancellation of about 306 million shares or about 14.3% of StarHub’s total issued share capital.
The proposed capital reduction exercise will involve one StarHub share cancelled for every seven StarHub shares held by each shareholder.
For each StarHub share cancelled, shareholders will receive S$2.13. The per share amount is based on the average closing price of StarHub shares that were traded on the Singapore Exchange from 25 May 2006 to 31 May 2006.
StarHub is Singapore's second largest info-communication company and the sole operator delivering a full range of information, communications and entertainment services over fixed, cable, mobile and Internet platforms. [+]
Sun Business Network will continue to expand its print publishing activities in China, the Company will be venturing into the digital media space to exploit the growing importance of digital media. And, it aims to be a leading global online media information and services company within the next 3 years.
The primary objective of the new venture is to assist traditional publishing media owners around the world, especially in China and other emerging economies in Asia, in exploiting the rapidly expanding digital media industry.
The new venture will be spearheaded by Ms Theresa Yang, who has been appointed President of SBN Digital Media Services Pte Ltd. SBN Digital Media was incorporated specifically for the new venture.
Sun Business Network is a well-known publisher of niche magazines in Asia, with over 15 titles in three languages in fast-growing sectors such as business finance, leisure and tourism. [+]
Advanced Holdings Ltd. has incorporated two wholly-owned subsidiaries, Advanced Clean Fuels Pte Ltd in Singapore and Advanced Biofuel Technologies Sdn Bhd in Malaysia.
At the same time, Advanced also announced that it has signed an agreement with E.I. Du Pont De Nemours and Company for an extension of agreement to include Thailand, Singapore and South Korea for DuPont’s STRATCO® proprietary alkylation process to meet the increasing criteria in pollution controls.
The Group’s latest developments signal its commitment to advance the adoption of clean fuel process technologies and equipment, including biofuel process technologies.
Advanced is a ISO9001:2000 certified specialist company which designs and supplies process equipment and process technologies to cater to the different needs of its customers in the chemical and petrochemical, oil and gas, power generation and micro-electronics industries. [+]
Aztech Systems Ltd has appointed Mr Chia Heok Miin, Martin and Mr Mun Weng Hung, Jeremy as Executive Directors of the Board of Directors of the Company. In addition, Mr Jeremy Mun, will also be appointed as Executive Director of the Board of Directors of the Company’s subsidiary, Aztech Systems (Hong Kong) Ltd.
Following the appointment of Mr. Martin Chia and Mr Jeremy Mun, the Company has seven directors on its current board.
Aztech Systems Ltd is a multi-national company providing OEM/ODM design and manufacturing services, contract manufacturing and retail service. [+]
• Stronger outlook lifted by higher prices of hot-rolled steel coils which have risen 18% by end-May over 1Q2006 average selling price.
• Prices of raw materials have remained relatively stable.
• 2Q2006 net profit margin expected to be at least 15%, sustaining sequential growth.
Delong Holdings Limited is a steel manufacturing and trading group headquartered in Beijing, People’s Republic of China. [+]
1Q2006 net profit soar 47.1% from RMB10.0 million a year ago to RMB14.8 million, against a 63.1% rise in revenue to RMB124.6 million, compared to RMB76.4 million in the corresponding period.
Based on the latest 1Q results, earnings per share increased to RMB 4.39 cents from RMB 2.98 cents in the previous corresponding quarter. Net asset value per share was also higher at RMB 0.46 as at 31 March 2006, compared with RMB 0.17 as at 31 December 2005.
Hengxin Technology Ltd. is one of the leading manufacturers of radio frequency coaxial cables series for mobile communications and other telecommunications equipment in the PRC, with a strong focus on research, design and product development. [+]
Asian Micro Holdings Limited is incorporating a new wholly owned subsidiary in Wuxi, China, called Wuxi Asian Brite Technology Co.,Ltd.
ABT shall carry out business activities for the collection, re-cycling and precision cleaning of used clean room packaging trays, media cassettes and other packaging materials in Wuxi, China.
ABT has leased a 31,000 square feet factory in Wuxi for a 3 years term and has commenced construction of the clean room facilities to be operational by end August 2006. The Company intends to invest approximately S$1 million over the next 6 months for the new set up.
Asian Micro is engaged in the recycling of precision trays and media/disk cassettes, pallets, foam packaging boxes used in HDD industry to help customer on cost saving and re-use of packaging materials. [+]
• Profit After Tax for FY2005 and 1QFY2006 up 118% and 100% respectively.
• Production capacity expansion and growth in demand for FRP products to drive growth in FY2006.
Midsouth Holdings Ltd is a leading manufacturer of fibreglass reinforced plastic products and air-conditioning ventilation systems in the People’s Republic of China. [+]
Vita Holdings Limited has on 8 June 2006 entered into a sale and purchase agreement with Mr Wong Siu Kay, to acquire 51% of the issued share capital of J.L Chancellor Pte Ltd.
JLC is a company incorporated in Singapore and has, as of 8 June 2006, an issued and paid-up share capital of S$2,981,614 consisting of 2,981,614 ordinary shares.
JLC had previously entered into a joint venture agreement dated 18 May 2006 with P. T. Nusantara Rimbayu Coal to jointly develop, mine and trade in the coal mines in Samarinda and Kutai Kartanegara, East Kalimantan, Indonesia.
Vita Holdings Limited is a growing Shipping group, focused on Ship Chartering in the PRC market. [+]
China Aviation Oil (Singapore) Corporation Ltd has appointed its current director Mr Zhao Shousen as its Deputy Chairman. Mr Zhao has long working experience with various Chinese petroleum establishments, beginning with the Shengli Petroleum Administration in 1986 and culminating in his present post of Chief Accountant with the China Aviation Oil Holding Company.
Mr Ian Springett, director and a member of the Audit Committee and the Risk Management Committee, had resigned consequential to his job reassignment within BP. He was replaced by Mr Paul Reed, a nominee of BP, as director. Mr Reed has worked for BP for 26 years, currently serving as Commercial Director for Global Gas, Power and Renewables, and for Integrated Supply and Trading, a position previously held by Mr Springett.
China Aviation Oil (S) Corp Ltd is a Singapore-headquartered, multinational investment and oil infrastructure company. [+]
"..This capital reduction exercise is in keeping with our capital management policy to operate within an efficient capital structure and to return surplus cash to shareholders as soon as practical..."
Mr. Terry Clontz
President & CEO