The subsidiary of Novena Holdings Limited has entered an option agreement with O'Connor's Singapore Pte Ltd to acquire the property at 98 Pasir Panjang Road, Singapore 118516.
An Option Fee of S$132, 000 and a total of S$6,600 GST payable was paid upon entering the agreement.
The main reason for the proposed acquisition is to provide space to house the company's existing furniture exhibits which are currently renting space from third-party landlords. Space that is not used for the exhibits will be leased out to external tenants to generate rental income.
The Novena group is in the business of manufacturing, export, wholesale and retail of household furniture and furnishings under four different brands, namely Novena, Castilla, The White Collection and Modern Living. In July 2002, the Group has successfully invested 70% of Leewah Essentials Pte Ltd and NC Essentials Pte Ltd, a leading retailer of beauty and personal care products.
Ascendas REIT purchases Super Industrial Building and 26 Senoko Way for S$49m from Super Coffee Mix Manufacturing Ltd.
The transaction is funded via bank debt.
The REIT has also acquired 27 International Business Park from Primefield Co. Pte Ltd for $18.6m.
A-REIT is the first business space and industrial REIT listed on the Singapore Exchange Securities Trading Limited. Started out with 8 properties and total assets size of $607 million at its listing in November 2002, A-REIT has increased its properties to 59 and total assets size to $2.7 billion as at 31 December 2005. As at 31 March 2006, A-REIT's portfolio had 64 properties and total assets stood at $2.8 billion with an overall occupancy rate of 95 percent. A-REIT owns a portfolio of properties in Singapore comprising :
- Business & Science Parks - Suburban office, R&D space, business HQ buildings
- Hi-Tech Industrial - High office content combined with high specifications industrial space
- Light Industrial - Low office content combined with manufacturing space
- Logistics & Distribution centres - Warehousing and distribution centres
Executive Chairman and CEO of JEL Corporation (Holdings) Ltd Eric Tan placed out 20m shares through CMIB-GK Securities.
The move was done to enhance the liquidity of the stock and represents 7.6 percent of JEL's issued capital.
The shares were sold at S$0.235 each at a discount of 9.6 percent for the closing price on 5th January, 2007. With this, the number of shares held by the public increases to 114.2m.
JEL Corp is a distributor of fast-moving consumer goods, consumer electronic, IT, photographic and telecommunication products, with distribution network spanning many emerging markets in Africa, Asia, Middle East and the Americas. Headquartered in Singapore, JEL Corp distributes a wide range of well-established brands such as Gillette, Oral-B, Duracell, Parker, Waterman, Papermate, Titan, Chupa Chups, Sanyo, Casio, IBM, Acer, Nikon, Konica Minolta and Motorola. The Group also distributes its in-house brands, efiniti and Ecochem. efiniti, carries a range of photographic and consumer electronic products targeted at the emerging markets. Ecochem offers business-to-business photo-processing chemicals, which are able to complement its existing network and its principals' range of products.
The company will be known as Esmart Holdings (Shanghai) Limited and has a registered share capital of US$125, 000.
The subsidiary will engage in the business of the wholesale, export/import and agency of electronics products and devices, computer components and consumables, communications apparatuses, hardware and electrical products as well as glassware and other related services.
The Group is a designer and supplier of intermediate products for electronics manufacturers; and a distributor of electronic components such as ICs (Integrated Circuit) and active and passive devices, various types of PCBs (Printed Circuit Board), mechanical and plastic parts.
Sino-Environment Tech signs a Memorandum of Understanding with the Fujian Huadian Kemen Power Generation Co. Ltd.
Huadian Kemen is building a 2X600 Mw capacity power plant. Sino-Environment will be providing the desulphurization facility for the power plant.
The contract, valued at a minimum of RMB 150m, will be confirmed once technical evaluations are done. The project timeline is tentatively set at 18 months.
Sino-Environment Technology Group Limited is an environmental protection and waste recovery solution provider in the PRC. SinoEnv is the market leader in the treatment, management and recovery of volatile organic compounds ("VOC"), in particular toluene, from waste gas The company's decision to focus on toluene is due to its high commercial value and wide usage by many industries, thereby resulting in good market potential for the treatment, management and recovery of toluene in various industries. In this respect, the company helps customers to achieve the twin objectives of treating polluting waste gas as well as recovering valuable toluene for use in their manufacturing processes.
BioTreat secures a contract to build and operate a waste water treatment facility in the Luhe Economic Development Zone of Nanjing City.
The first phase of the project is expected to start in March 2007 and expected to be completed in 14 months. The second phase will then begin.
The contract will see BioTreat operating the plant for 30 years while receiving regular recurring income payments from the local government of the city.
The Group is principally engaged in (i) the development of its proprietary technology, the BMS Biological Process Technology; and (ii) the application of the BMS Biological Process Technology in the provision of the BMS wastewater treatment services, comprising consultancy and design, installation, commissioning, project management as well as after-sales and maintenance services of the BMS wastewater treatment systems and the development, manufacture and sale of the BMS wastewater treatment and waste management products. Bio-Treat also distributes and sells waste and wastewater treatment equipment and accessories produced by third party manufacturers after it has undertaken modification processes such as drilling and joining to customise these products to its customers' needs.
"…Our ability to maintain our loyal base of blue chip clients representing famous brands is largely due to the design consultancy services that we provide. As we work closely and in partnership with our clients, we become intimately knowledgeable of their brands' specific persona and unique qualities. This enables us to provide the best solutions and ensure continuous success. We are constantly improving our project management capabilities to be cost-effective and therefore provide 'win-win' solutions for both clients and ourselves."
Group Managing Director