Noble Group has signed an agreement to purchase two soybean processing facilities in mainland China. One plant, located in Fuling, Chongqing municipality, will be purchased from Singaporean company Great Wall Investments Pte Ltd. The second plant, located in Longkou, Shangdong province, will be purchased from another Singaporean company, Sino Agri-Trade Pte Ltd. The Group will purchase 100% of the shares in both soybean crushing and soybean and palm oil refining ventures.
The aggregate consideration to be paid by Noble for the acquisition is approximately US$18 million. The book value of the assets to be acquired by Noble was approximately US$34 million as at 13 October 2006.
Noble Group Limited is a market leader in managing the global supply chain of agricultural, industrial and energy products. [+]
Thai Beverage Public Company Limited through subsidiary Sura Piset Thipparat Co., Ltd. have entered into a Sale and Purchase Agreement with Sin Surang Karn Sura Co., Ltd. a Thai distillery company engaged in the production of white spirits, for the acquisition of all the distillery assets owned by Sin Surang at a consideration of Baht 1,009,059,600. The fair market value of the Assets is at Baht 1,192,000,000 as at September 15, 2006.
The assets, which operate on Swedish equipments, are of high-quality and modern and are capable of producing both white and brown spirits. The assets use coal as the energy source for its production activities and, therefore, will enable ThaiBev to diversify its distillery production energy sources. The Assets' strategic location in the Kanchanaburi province will also enable ThaiBev to expand its current brown spirit production base in Bangkok to a new geographic region in which its products are gaining popularity.
Thai Beverage is the leading producer of beer and spirits in Thailand and one of the leading brewers and distillers in Southeast Asia. [+]
STAR Pharmaceutical Executive Chairman, Ms. Wong Kai has won the Hainan Province Entrepreneur Excellence Award, Overseas Chinese Role Model and 2006 China Pharmaceutical Industry 10 Innovative Person Excellence Award for her contribution to the success of the company, the pharmaceutical industry and social development.
STAR Pharmaceutical is specialised in the manufacturing and sale of both western and TCM-formulated prescription drugs. [+]
Eu Yan Sang will open a 10,300 square feet lifestyle concept store under its new brand - Red White & Pure™ - in December at VivoCity.
Believed to be the first store of its kind in the world, Red White & Pure™ will offer customers the ultimate wellness and lifestyle experience. Customer will enjoy an integrated range of health focused services including therapy and treatment facilities, retail galleries, learning venues and exciting food and beverage options - all within one store.
Red White & Pure™ will offer a wellness experience that incorporates both the wisdom of the East and the sophistication of the West. With a stunning waterfront location spread over two floors, the store will offer customers a holistic and sustainable approach to wellness. This new concept store complements the design and offerings at VivoCity.
Eu Yan Sang International Limited is a progressive, global healthcare with its core focus in Traditional Chinese Medicine. [+]
United Fiber System Ltd. has appointed Jaka Prasetya, the former Head of Country Banking for Deutsche Bank Indonesia, as its new Chief Executive Officer.
Mr Prasetya has been mandated by the Board of Directors to seek an early closure on the company's bid to acquire Indonesian pulp mill PT Kiani Kertas.
Mr Prasetya, 35, is an Indonesian citizen and holds an MBA from the prestigious MIT Sloan School of Management and has worked as an investment banker in Hong Kong and Singapore since 1998. He has worked for companies such as UBS and Merrill Lynch and his last posting with Deutsche Bank was Head of Country Banking for Indonesia.
United Fiber System Ltd. operates two business divisions, namely forestry, pulp and wood chip production in South Kalimantan, Indonesia, and construction and property development in Singapore. [+]
Union Steel Holdings Limited is expanding into the electronic waste recycling business by striking a deal with Japan's top copper producers, Nikko Shoji Company Limited, a subsidiary of Nippon Mining Inc, which is listed on three of Japan's key exchanges - Tokyo, Osaka, and Nagoya Stock Exchanges. Union Steel will supply electronic waste to the Nippon Mining Group for recycling.
The Nippon Mining Group is looking to expand its operations in Shanghai, Taiwan and Singapore in an effort to provide quick delivery to existing customers and acquire orders from new customers that are setting up operations in those areas. Its strategic agreement with Union Steel will complement Nikko's strategy in Asia.
Union Steel Holdings Limited is an integrated metal recycling company and one of the largest metal recyclers in Singapore in terms of volume of metals recycled. [+]
Enviro-Hub Holdings Ltd had placed out 55 million new ordinary shares at the issue price of S$0.37 per share. The placement, as advised by the Placement Agent, UOB Kay Hian Private Limited, has been fully taken up with keen support from institutional investors.
The proceeds from the placement, after deducting estimated expenses pertaining to the Placement, are estimated to be approximately S$19.6 million. The Company intends to use the net proceeds from the Placement to fund part of the construction cost of the copper melting and refining plant constructed by the Group's wholly-owned subsidiary, e-HUB Metals Pte Ltd, for working capital purposes and for payment of expenses incurred in connection with the Placement.
Enviro-Hub Holdings Limited is one of the largest providers of Total Environmental Management Solutions & Services for the Global Electrical & Electronic Equipment industries. [+]
Vita Property Management Pte Ltd, a wholly owned subsidiary of the Company has incorporated a subsidiary company, Tada e-Parking (S) Pte. Ltd.
Tada e-Parking was incorporated in Singapore with a paid-up capital of S$100,000 and is carrying out the businesses of carpark management and operation services. Vita Property holds 51% interest in Tada e-Parking. Mr Yeo Tiong Boon holds 20% interest and the remaining 29% interest was held by Shandong Tada Auto Parking Co., a company incorporated in the People's Republic of China held in trust by Mr Yeo.
Vita Holdings Limited is a growing Shipping group, focused on Ship Chartering in the PRC market. [+]
China Essence Group Ltd has appointed Mr Shen Jianwei as a Non-Executive Director, and Member of the Remuneration Committee, Audit Committee and Nominating Committees effective from 17 October 2006.
Mr Shen will draw on his strong track record and illustrious background to provide R&D advisory on developing potato-related products, including modified starch. His responsibilities will also include providing strategic corporate advisory and overseeing marketing and production.
Mr Shen lectured at the China Agricultural University since 1992 where he was an Associate Professor of Economic and Management College for 7 years before transferring to the Humanities and Development College in 1999. Beyond his academic duties, Mr Shen was also the project manager at Beijing Dasbro Co. Ltd. from 1993 to 2000, where he successfully established the first complex potato chips production facility in China. He subsequently launched and marketed the first homegrown potato chips product in China under the "Da Jia Bao" brand name.
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. [+]
Guangzhao Industrial Forest Biotechnology Group Limited subsidiary, Shanghai Guangzhao Plant Fast-growing Technology Co Ltd has concluded a Orchid seedlings propagation contract with Shanghai Ding-Han Bio-technology Co Ltd. Ding-Han and related companies are the major supplier of Orchid seedlings to Japan, Taiwan and European countries.
Ding-Han will provide a variety of parent-stock of Orchid seedlings to Shanghai Guangzhao for propagation for a 5 years period commencing from 1 November 2006. The supply quantity will be 1,500,000 seedlings in the first year and increased to 3,000,000 seedlings per year from the second to fifth year. The total contract value is estimated to be RMB16.2 million.
Guangzhao Industrial Forest Biotechnology Group Limited is engaged in the production and sale of the "Guangzhao Fast Growing Poplar". [+]
CapitaMall Trust has announced a distributable income of S$41.23 million to unitholders of CMT for Third Quarter 2006.
CMT's gross revenue for Third Quarter 2006 was S$82.07 million. This is an increase of S$4.23 million or 5.4% over the forecast gross revenue of Third Quarter 2006. Gross revenue at all malls across CMT's portfolio outperformed forecast for Third Quarter 2006.
CMT's net property income for Third Quarter 2006 also exceeded the forecast net property income for Third Quarter 2006 by S$2.41 million or 4.8%. Rental renewal rates for the first nine months of 2006 registered strong growth of 8.7% over preceding rental rates and 5.2% over forecast rental rates.
CMT is the first listed real estate investment trust in Singapore. [+]
AusGroup Limited has finalized the purchase of the remaining 468,085 ordinary shares representing 23.4% of Cactus Engineering's total shareholdings. AusGroup will pay S$3.8 million in cash to Mr Koh Us Sing, one of the eight original shareholders of Cactus.
Cactus Engineering, a niche sub-sea component supplier for the oil & gas sector announced net profit of S$3.4 million for the financial year ended 31 Dec 2005. AusGroup announced net profit of S$13.7 million for the financial year ended 30 June 2006 and expects Cactus to begin contributing this financial year.
AusGroup Limited primarily based in Australia is a dominant player in the supply of total engineering solutions, which includes fabrication, mechanical installations and maintenance. [+]
Wholly-owned subsidiary, Fujian Thumb Env-Tech Co., Ltd has increased its investment in the registered capital of its subsidiary, Fujian Thumb Env-Prot Water Works Co., Ltd from RMB 7,000,000 to RMB 9,000,000. Thumb Env-Tech now owns 92% of the equity interest in Thumb Water Works from 90%.
Thumb Env-Tech has registered a wholly-owned subsidiary, Chongqing Thumb Environmental Engineering Co., Ltd in the People's Republic of China. The registered capital of Chongqing Thumb is RMB 20,000,000, and is contributed by Thumb Env-Tech entirely in cash.
Chongqing Thumb is involved in the treatment, management and recovery of industrial waste gases, and the treatment and management of industrial waste water.
Sino Environment Technology Group limited is an environmental protection and waste recovery solution provider in the PRC. [+] |
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Hengxin Technology Ltd. has bagged approximately RMB113.8 million worth of purchase orders from ZTE Kangxun Telecom Co., Ltd, one of the major telecommunications equipment manufacturers listed in China.
These purchase orders involve supplying ZTE with 2,300 kilometres of radio frequency coaxial cables and 50,000 connectors by the second quarter of FY2007. Approximately one third of the total purchase orders are expected to be delivered in FY2006.
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. [+]
Natural Cool Holdings Limited subsidiary, VNS Manufacturing (S) Pte Ltd, the Group's switchgear division that specializes in the design, manufacture and sale of switchgear products, has been awarded an exclusive distributorship by Indian based, Larsen & Toubro Limited for the exclusive marketing of L & T's electrical standard products in Singapore.
Founded in 1938, L & T is India's largest engineering and construction conglomerate with interests in electrical, electronics and information technology. A technology-driven organization, L & T enjoys a premiere brand image in India and a global spread of over 30 offices and joint ventures with world leaders, such as Komatsu Asia & Pacific Pte Limited and Demag Ergotech GmbH.
Natural Cool Holdings is Singapore's leading air-conditioning and switchgear specialist. [+]
Ascendas Real Estate Investment Trust has renewed and signed new leases including expansions amounting to a total net lettable area of 46,510 sqm for the three months ended 30 September 2006. These leases represent 6.9% of the net lettable area of its multi-tenanted buildings which accounts for about 55.3% of its portfolio value and an annualised rental income of S$9.6 million for A-REIT.
Total new leases including expansions for the Period was 21,512 sqm, of which 44.1% was in logistics and distribution centres, and 37.8% was in hi-tech industrial properties. The remaining 18.1% was in the other 2 asset classes - business and science park and light industrial properties. The net allocation for this Period was 10,928 sqm.
The overall portfolio occupancy rate as at 30 September 2006 is 97.2% compared to 96.1% as at 30 June 2006. The occupancy rate for A-REIT's multi-tenanted buildings has also increased to 94.3% for this Period versus 92.1% at 30 June 2006.
A-REIT is the first business space and light industrial real estate investment trust listed on the SGX-ST. [+]
Best World International Limited has increased its marketing efforts to educate consumers about the benefits of negative ions, especially in view of the current hazy environment.
Being compact in size and light in weight, the BWL Negative Ionizer is elegantly designed to be placed either at home or in the office. The innovative technology behind the BWL Negative Ionizer is in its ability to emit over 2 million negative ions at distance of 10 centimeters and 105,000 negative ions at a 3.2 meter distance, as tested by the Korea Institute of Far Infrared Association.
This emission rate is considerably higher when compared to most conventional air purifiers currently available in the market today. It has also been verified by Korean Testing & Research Institute for Chemical Testing to be ozone free.
Best World International Limited is a company specializing in the development and distribution of quality health and lifestyle products for its regional direct selling members. [+]
A-REIT distributable income for the six months ended 30 September 2006 posted an increase of 20% on the same period last year to $80.1 million.
A-REIT has recorded a DPU of 6.25 cents for the six months to 30 September 2006. This represents an annualised yield of 5.8% based on the closing price of S$2.15 per unit on 30 September 2006.
A-REIT will pay out a DPU of 3.16 cents for the second quarter on 28 November 2006. This DPU represents an increase of 2.3% over the first quarter of this financial year.
A-REIT is the first business space and light industrial real estate investment trust listed on the SGX-ST. [+]
Alantac Technology has entered into a conditional sale and purchase agreement with Koh Pang An, Loh Yook Lin and Toh Choon Kim for the proposed acquisition of the entire issued and paid-up capital of Getech Industries Pte Ltd. The aggregate purchase consideration for the purchase of the Sale Shares is S$5,500,000.
Getech's current business in aluminium die-cast mould making in the Singapore facility and aluminium die-cast manufacturing in the Ningbo facility in the PRC will provide the opportunity for Alantac to move upstream in the value chain.
Getech's mould making technology and capability will give Alantac the added edge to control its main supplies of casting materials, which are currently purchased from third party casting suppliers.
Alantac Technology is a one-stop solutions provider for precision-machining and contract equipment manufacturing services, specialising in consignment and full turnkey projects for customers in the semiconductor, hard disk drive and telecommunications industries. [+]
Sunpower Group Ltd. has clinched an RMB27.9 million contract from GE Infrastructure, Water & Process Technologies, a unit of global industrial giant General Electric Company.
With the GE Contract, Sunpower's order book as at 15th October 2006 stands at RMB 373.5 million, up 23.6% from RMB300.2 million as at 7th August 2006.
Jiangsu Sunpower Technology Co., Ltd. a wholly-owned subsidiary will provide engineering design, technological services and core fabrication works for GE Infrastructure, Water & Process Technologies for a project that is ultimately destined for China Shenhua Group.
Sunpower Group Ltd specialises in the design, R&D and manufacturing of customised energy saving and environmental protection products using heat transfer technologies in the PRC. [+]
AusGroup Limited has secured a 21-month extension of a maintenance contract worth in excess of A$40 million.
The contract is for maintenance work to be undertaken for Murrin Murrin Operations Proprietary Limited who manages the joint venture on the Murrin Murrin Nickel Refining Plant in Western Australia. The Murrin Murrin plant is one of the world's largest nickel producers. AusGroup would be providing management, supervision and labour to assist the plant owner maintain and undertake planned and unplanned shutdowns of the plant.
This contract is an extension of the original 2-year contract awarded to AusGroup in 2004.
AusGroup Limited primarily based in Australia is a dominant player in the supply of total engineering solutions, which includes fabrication, mechanical installations and maintenance. [+]
• Group proceeding to complete acquisition and effect transfer of sale shares upon expected payment of final purchase consideration by 2 November 2006.
• Marginal increase in purchase consideration from US$100.00 million to US$103.58 million reflecting the increase in the value of net assets.
• With the completion, China Fishery's 4Q FY2006 consolidated group results will include the financial results of Alexandra SAC for November and December 2006.
China Fishery is a global, integrated industrial fishing specialist with governmental rights to fish in diverse locations across the world's oceans. [+]
Midas Holdings Limited Sino-foreign joint venture has now been incorporated as Nanjing SR Puzhen Rail Transport Co., Ltd.
Nanjing SR Puzhen is a joint venture of Midas, CSR Nanjing Puzhen Rolling Stock Works, Sanpower Group Co., Ltd, Nanjing New and High Tech Development Zone General Company and Pukou State-owned Capital Operation (Holding) Co., Ltd. It will engage in the development, manufacturing and sale of metro trains, bogies and their related parts.
Midas is a leading manufacturer of aluminium alloy extrusion products and polyethylene pipes, primarily for the infrastructure and transportation industries in the PRC. [+]
Trek 2000 International Ltd has released its latest ThumbDrive® device containing enhanced security features. This new solution - the Chez Solution, effectively blocks access to data contained in computers by unauthorized users.
This new security initiative is in response to the growing demand by financial, defense, healthcare and other sensitive industries, and corporate businesses globally for higher levels of security protection on their data. Increasingly, to mitigate the risk of data pilferage and loss, organizations are demanding data encryption capabilities to be incorporated in their removable storage devices like the ThumbDrive® flash drives for data protection.
Chez is user friendly and can be used by both individual and enterprises to protect both the data stored in their computers and the portable data stored in their ThumbDrive® flash drives. Chez further enhances the biometric and AES security features that are currently incorporated in security-enabled ThumbDrive® flash drives.
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. [+]
TLG Asia Pte Ltd, a wholly owned subsidiary has entered into a joint-venture with two Indonesian partners to operate a joint venture company, Garuda Padang Restaurant (Singapore) Pte Ltd.
Garuda Padang has entered into a master franchise agreement with an Indonesian sole proprietor trading under the name Rumah Makan Garuda and will set up halal Indonesian restaurants and sub-franchise the halal Indonesian restaurant business in Singapore. The term of the Master Franchise Agreement is five years.
Rumah Makan Garuda is one of Indonesia's largest restaurant chains offering a wide variety of Indonesian cuisine including its trademark Nasi Padang. Garuda Padang restaurants are committed to provide quality food and excellent service to Singaporeans who are looking for an authentic Indonesian dining experience.
Tung Lok Restaurants (2000) Ltd is Singapore's leading innovative restaurant chain. [+]
"…I am very honoured to have received these coveted awards as they serve as a timely recognitions of my continuous progress in building a remarkable Company that successfully creates healthier lives through medical innovations. Winning is a team effort. I share these awards with all at STAR who have made this possible…"
Ms Wong Kai
Executive Chairman
STAR Pharmaceutical Limited.
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