Darco Water Technologies Limited has entered into a Syndicated Loan Facility Agreement with a group of international banks and financial institutions selected by Raiffeisen ZentralBank Osterreich AG, Singapore Branch.
The Company will be using the proceeds from this Facility to fund the Group's projects and other investments as well as refinancing existing borrowings and funding working capital requirements, save for those arising from the municipal wastewater projects in Ker-Ya and Chu-Bei, Taiwan, in respect of which the Group has earlier secured the necessary financing aggregating some S$24 million from ANZ Banking Group and Chang Hwa Bank in Taiwan.
The Facility comprises a 4-year US$9 million multi-currency term loan facility, a 4-year US$12 million multi-currency Revolving Credit Facility and a 4-year S$4 million Revolving Credit Facility. The 2 said Revolving Credit Facilities are extendable at the Borrower's option at the end of the fourth year.
Darco is a provider of integrated engineering and knowledge-based water treatment and environmental engineering solutions. [+]
Luzhou Bio-chem Technology Limited has completed enhancements to the production capabilities at its Shaanxi and Henan plants, enabling the production of high fructose corn syrup and high maltose syrup.
The Company has also entered into agreements to supply high fructose corn syrup to leading food and beverage manufacturers in the PRC. The Company plans to supply HFCS through its plants in Liaoning, Shandong, Henan and Shaanxi.
Luzhou Bio-chem Technology Limited is a corn refiner principally engaged in the production and distribution of various sweeteners to our customers domestically and overseas. [+]
Advance SCT Limited has raised net proceeds of S$21.3 million by way of a placement of 44,000,000 new ordinary shares.
The new shares were placed at a price of 50.25 cents per share, which represents a 8.8% discount from the weighted average market price of S$0.5511 for trades done on 17 November 2006.
ASCT will use about S$11.3 million for working capital, S$10 million for potential future. With this influx of cash, ASCT will strengthen their balance sheet and allow the management to maintain their focus on scaling up their recycling and copper supply chain business.
Advance SCT Limited is a global Copper Supply Chain Management company with related businesses in Printed Circuit Board Testing services. [+]
• Third deal secured from CTCI Overseas to install pressure vessels in Thailand.
• Project expected to be completed by end 2007.
• Order book from overseas market now stands at US$17.2 million, approximately 56% of FY2005 revenue.
PRC-based Sunpower Group Ltd. specialises in the design, R&D and manufacturing of customized energy saving and environmental protection products using heat transfer technologies. [+]
COSCO Corporation (Singapore) Limited 51%-owned subsidiary, COSCO Shipyard Group had secured conversion contracts totaling US$106 million.
The projects will be carried out at the Group's shipyards at Dalian, Nantong and Zhoushan.
COSCO Corporation is a diversified group with core activities in shipping and shipping related services. [+]
Riverstone Resources Sdn Bhd has clinched top spot in Malaysia's equivalent of the Enterprise 50 Awards.
Riverstone has won four consecutive Enterprise 50 awards since 2003 and this is the first time it has topped the list as the highest ranked company.
The annual Enterprise 50 award selects the top 50 companies from participants in a range of industries. Products and services must have at least 40% equity held locally in Malaysia to participate and winners are judged on a range of criteria including entrepreneurial focus and global outlook.
Riverstone manufactures and supplies cleanroom consumables for use in high-tech industries where certain manufacturing and assembly processes are required to be carried out in a highly controlled dust-free and electrostatic-free critical environment. [+]
WBL Corporation Limited achieved record revenue of $2.1 billion for the Financial Year 2006, up 7% from the year before.
Pre-tax profit was up over 70% to $150.1 million while net attributable profit was up over 660% to $58.9 million from $7.7 million in FY 2005. The significant increases in profit were due mainly to a strong turnaround of the Investment portfolio.
WBL Corporation Ltd is a dynamic international group with key activities in Technology Manufacturing, Automotive Distribution and Technology Solutions. [+]
GKE Metal Logistics Pte. Ltd. has secured a contract to provide storage for non-ferrous metals.
GKE Metal will be obliged to provide up to 100,000 metric tonnes of space for an initial period of five years. Although metals stored under the Contract may be removed earlier, they will generally have a storage term of five years.
GKE International Limited is principally engaged in the provision of the integrated comprehensive logistics services. [+]
STAR Pharmaceutical Limited had received the in-principle approval from the SGX-ST for the listing and quotation of the 46,668,000 Redeemable Convertible Preference Shares and 46,668,000 Conversion Shares in the capital of the Company.
The RCPS has also received conditional eligibility for inclusion under the CPF Investment Scheme - Ordinary Account. Upon inclusion of the RCPS under the CPFIS-OA, CPF members may use their CPF Ordinary Account savings of up to 35% of their investible savings to trade the RCPS on SGX-ST after the listing.
The RCPS issue is backed by institutional investors and international fund managers. They include CK Capital Management Pte Ltd, Dresdner Bank Switzerland, Clariden Bank Zurich and clients from UBS AG and DMG & Partners Securities.
STAR Pharmaceutical Limited is specialised in the manufacturing and sale of both western and TCM-formulated prescription drugs. [+]
United Fiber System Ltd has entered into equity placement agreements with a selected group of investors including Stark Investments (Hong Kong) Limited for an aggregate amount of SGD48.6 million. The capital was raised via the issuance of 180 million of new shares of UFS at SGD0.27 per share, representing approximately 15% premium to the five days average closing price prior to the placement.
Upon the completion of the transaction, Stark will hold approximately 5.6% of the outstanding shares of UFS.
UFS operates two business divisions, namely forestry, pulp and wood chip production in South Kalimantan, Indonesia, and construction and property development in Singapore. [+]
FibreChem Technologies Limited has entered into a three-year contract with XiangDa to supply a minimum of 450,000 yards of microfibre synthetic leather every month beginning December 2006. The selling price of the synthetic leather will be adjusted periodically to reflect prevailing market conditions.
XiangDa is currently the largest distributor of non-uniform microfibre sybthetic shoe leather in Quanzhou, which is located in Fujian Province, the PRC. Its customers include major athletic show manufacturers in the PRC such as China Hongxing, AnTa, TeBu and 361 Degrees. XiangDa has been established for more than 10 years under the brand name AnAn.
FibreChem is a chemical fibre manufacturer in the Fujian Province of the PRC. [+]
A-REIT will undertake the development of a partial build-to-suit distribution facility at Plot 7 & 8 Changi LogisPark (North) with Zuellig Pharma Pte Ltd as the anchor tenant. The proposed development is expected to cost about S$32.5 million and is expected to be completed by beginning of 2008.
Located in the eastern part of Singapore, the Property under Development is within Changi LogisPark (North), a new park designated for the logistics, distribution, and aeronautical industries. It is readily accessible to other parts of Singapore via the Pan-Island Expressway and East Coast Parkway.
Sited on a land area of 20,137 sqm, the proposed Property under Development will be a two-storey distribution centre cum office facility. The land tenure is 60 years commencing 1 January 2007 including an option to renew for 30 years.
A-REIT is the first business space and light industrial real estate investment trust listed on the SGX-ST. [+]
Advanced Holdings Ltd. is advancing forward in clean fuel technologies with the inking of a US$3.5 million contract with a major PRC oil company.
The contract represents the first clean fuel process equipment contract ever awarded to Advanced in PRC. The ground-breaking contract involves the supply of alkylation process equipment to a new grass-root refinery in China.
Advanced is an 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. [+]
Starting 1 July 2007, the national Chemical Oxygen Demend index for waste water will be set at 100 points and below. Companies that do not comply with this regulation will face penalties and the possibility of being closed down by the government.
In relation to this, China Paper is working towards achieving this target by building an enhanced waste water treatment plant. The capital expenditure for this facility is estimated at RMB 80,000,000 and will be funded by internal cash flow. Construction will commence on 1 January 2007 and be scheduled for completion by June 2007.
China Paper core business is in the manufacturing and distribution of mixed-pulp based paper products made from a mixture of wood pulp and wheat pulp. [+]
• Optimistic outlook for FY07 due to strong and continued demand from key customers.
• Aims to achieve annual sales revenue of at least $500m in 2009.
• Propose rights issue of two rights for every five shares held.
• Special dividend at 4 Singapore cents per share.
HG Metal is a premier stockist and manufacturer of steel products. [+]
Biosensors International Group, Ltd. will issue up to US$30 million of convertible and unsubordinated notes with a three-year maturity period in two tranches. The additional funds will be used to finance its new research and development programs and to accelerate its existing clinical trials.
Biosensors expects to use the proceeds from this financing to accelerate its existing clinical trials and to finance its new research and development programs. These include its polymer-free BioMatrix® Freedom™ stent that elutes the proprietary anti-restenotic Biolimus A9® drug, as well as its biodegradable stent programs which are now in advanced stages of animal studies.
Biosensors develops, manufactures and markets innovative medical devices used in interventional cardiology and critical care procedures. [+]
Swiber Holdings Limited wholly-owned subsidiaries, Swiber Offshore Pte Ltd and Apecs Engineering Limited have entered into sales and purchase agreements with ASME Marine Pte Ltd, Nomis Shipping Limited and Coastal Offshore (Labuan) Pte Ltd, to purchase 4 vessels, comprising one cargo barge, one 6000 brake horse power anchor handling tug/supply vessel and two 5150 bhp anchor handling tug/supply vessels at a combined contractual value of US$28.1 million.
The purchases are reflective of the Company's commitments to expand its existing spread of vessels to enhance its offshore EPCIC capability and Offshore Marine Support Services.
Swiber is an integrated offshore Engineering, Procurement, Construction, Installation and Commission contractor with supporting in-house offshore marine capabilities. [+]
"…As a responsible corporate citizen, we will continue to play our role in protecting the environment. We believe that we will have enough financial resources to meet the capital expenditure required…"
Mr Chen Yong
China Paper Holdings Limited