Tat Hong incorporates fully owned subsidiary Tat Hong HeavyEquipment Middle East FZE in UAE.
The subsidiary has a registered capital of UAE Dirhams 150,000 which is to be internally funded by Tat Hong International Pte Ltd.
The group is principally involved in the rental and sale of cranes and the sale of spare parts for cranes. Apart from cranes, the group is also involved in the rental and sale of other ancillary heavy equipment such as excavators, bulldozers, earth-moving equipment, foundation equipment, piling rigs and generators.
China Aviation Oil has sold 41 percent of its 80 percent stake in China Aviation Oil Xinyuan Petrochemicals Co. Ltd to another existing Xinyuan shareholder Shenzhen Juzhengyuan
Petrolchemical Co. Ltd.
With this transaction worth a total of RMB 20.5m, Xinyuan is no longer a subsidiary of CAO.
CAO also plans to enter a joint venture with Juzhengyuan and CNAF to govern and develop the businesses of Xinyuan.
The Company was incorporated in Singapore on 26 May 1993. It became a public company on 6 December 2001 and changed its name from China Aviation Oil (S) Pte Ltd to China Aviation Oil (S) Corporation Ltd ('CAO'). CAO was conferred the Approved Oil Trader (AOT) award (which was later changed to Member of the Global Trader Programme) by the Government of Singapore in 1998.
The largest shareholder of CAO is China Aviation Oil Supply Corporation ('CAOSC'), one of the largest state-owned enterprises in China. CAOSC is responsible for the construction of aviation oil supply infrastructure, purchase of aviation oil supply equipment and the supply of jet fuel to over 100 foreign and domestic airlines (including the purchase, transportation, storage, and into-plane services of jet fuel) at more than 100 civil airports throughout China.
CAO's main business includes Jet Fuel Procurement, International Oil Trading and Oil-related investment. CAO has established a 'three-pronged' strategy, that embrace, 'Strengthen the import jet fuel procurement, Expand International Oil trading business and Develop oil-related investment.' Imported jet fuel procurement is the core business and base of CAO, whilst international oil trading will not only expand CAO's scale but also improve its profits, oil-related investments will ensure CAO continues to achieve steady growth.
Presently, CAO has close to 100 percent market share of the procurement of imported jet fuel for the civil aviation industry in China. CAO succeeded in conducting international oil trade in jet fuel, fuel oil, gas oil, crude oil, petrochemical products and oil derivatives. The company has also expanded its market beyond China to ASEAN countries, Far East and America etc. In April 2002, CAO was successful through an exclusive tender exercise, to secure an offer to invest in Spanish oil logistic and facilities company CLH, which is a leading oil carrier and owner of the largest network of oil pipelines and storage.
Rotary Engineering and OKP Holdings have formed a joint venture to engage in civil engineering projects for Singapore oil and gas industry.
The $1m JV company, to be named OKP (Oil & Gas) Infrastructure Pte Ltd, will be split in a 45 percent and 55 percent manner between Rotary and OKP respectively.
OKP Holdings' two principal business activities are road construction and road maintenance. Road construction refers to the building of urban and arterial roads, expressways, vehicular bridges and flyovers, and road maintenance refers to the reconstruction work done on roads, road reserves, pavements, footpaths and kerbs.
Olam International Limited subsidiary Olam Egypt L.L.C. forms wholly-owned subsidiary Agri Commodities L.L.C.
The new subsidiary has an authorised total paid-up capital of EGP 50,000 divided into 500 shares of 100EGP each.
The core business of Agrifood Commodities will be to engage in the sourcing and supply chain management of agricultural products and food ingredients.
Olam is a leading global integrated supply chain manager of agricultural products and food ingredients. It sources 14 products directly from over 35 origin countries. Its products include:
- Edible nuts, spices and beans
- Confectionery and beverage ingredients
- Food staples and packaged foods
- Fibre and wood products
It supplies its products to over 3,000 customers in more than 50 destination markets worldwide. Its customers include leading multinational corporations which own internationally recognised brands such as Cadbury, Kraft, Lavazza, Mars, and Nestle.
Boustead Singapore Limited's Energy Related Engineering Division lands two North American oil and gas contracts worth a total of S$12m.
The work includes the design, process engineering and construction of key process equipment for large refineries located in North America and South East Asia.
The projects are expected to be finished in March 31st FY2008.
Boustead is a progressive global Engineering Services & Geo-Spatial Technology Group offering an extensive range of specialized engineering services and geo-spatial solutions.
Its suite of engineering services is geared to fulfill the demands of specialized engineering fields such as energy-related engineering (for oil & gas / petrochemicals and solid waste energy recovery), water & wastewater engineering and industrial real estate solutions.
Under its geo-spatial technology arm, the Group provides consulting services and distribute ESRI geo-spatial technology - the world's leading geographic information systems and geo-spatial solutions - to major markets across Australia, South East Asia and South Asia
Chemoil Energy's subsidiary Anand Sea Shipping Limited has purchased a single-hulled Very Large Crude Carrier (VLCC) for use as a floating storage.
The carrier, worth US$17.3m was purchased with IPO proceeds and will be used to support current and potential future global bunker terminal and trading operations.
Chemoil is one of the largest and leading integrated physical suppliers of marine fuel products globally. They purchase fuel oil, diesel oil and blend components from national oil companies, refineries, major oil producers and other sources. They transport, store and blend marine fuel, which they sell and deliver to a broad base of customers. These customers include a diverse group of ocean-going ship operators, international container and tanker fleets, time charter operators, marine fuel traders and other customers. They participate in all key stages of the marine fuel supply chain, enabling them to capture margins at every stage.
Reyong Pharmaceutical Holdings Ltd has just completed construction of its cephalosporin-based antibiotics production plant worth RMB15m.
The plant is expected to be fully operational in March where it will increase annual production capacity of cephalosporin-based antibiotics by 40 percent from 45 tons.
Construction of the facility was funded by proceeds from the company's IPO in September 2005.
The Company is a China-based company engaged in the manufacture and sale of pharmaceutical products including Penicillin-based and Cephalosporin-based antibiotics for the treatment of various illnesses, diseases and infections and personal hygiene products for women and infants. The Group currently has an extensive range of more than 40 types of Penicillin-based and Cephalosporin-based antibiotics. Its products are manufactured and sold principally in China. The Group also manufactures pharmaceutical products for third parties under its brand names for distribution outside China to countries including Germany, Chile, Cambodia, Vietnam, Nigeria, Pakistan and Afghanistan.
WBL Corporation enters first corporate partnership with the South East Community Development Council (SE CDC) as part of the Corporate Outreach Programme.
Under this program which aims to help corporations give back to Singapore communities, the CDC will support Wearnes' Corporate Social Responsibility initiatives, such as fund-raising and staff volunteer events.
In 2006, as part of its centennial celebrations, Wearnes staff had contributed $180,000 from its innovative leave donation scheme, where staff pledged their unused leave to charity. As a result of an extension of the scheme to February, Wearnes has raised another $183,831 for 2007. After SE CDC's dollar-for-dollar matching, the final amount of $367,662 will be donated to the Society for the Physically Disabled.
The group is an internationally diversified Group with three main divisions: trading and distribution; property and leisure; and technology and manufacturing. It manufactures proprietary products in information technology, agritechnology and bio-medical field.
Midas Holdings Limited has secured two major contracts in the PRC worth RMB50m in total.
The first contract of RMB27.6m is with Changchun Railway Vehicles Co. Ltd with the cooperation of ALSTOM Transport SA. The second contract valued at RMB22.4m is with CSR Nanjing Puzhen Rolling Stock Works.
Both contracts involve Midas supplying aluminum profiles to both companies.
The Group's principal activities are as follows:-
i) Design, manufacture and installation on polyethylene pipes for use in various types of piping networks.
ii) Design and manufacture of aluminium alloy extrusion products for use in various industries.
The design, manufacture and installation on PE Pipes are undertaken by its PE Pipe Division (Wanshida) and the design, manufacture and sale of aluminium alloy extrusion products are undertaken by its Aluminium Alloy Division (Jilin Midas).
"..The marine industry is expected to continue its positive industry outlook owing to the increasing offshore oil and gas exploration and production activities, International Maritime Organisation's regulation to phase out all single hull tankers by 2010, new demand and renewal of ageing offshore support vessels (AHT, AHTS, PSV etc) by offshore operators as well as buoyant infrastructure projects in the Middle East.
As the saying goes, "The completion of a thousand mile journey begins with one step, followed by another." For the continual progress of ASL Marine, the management is committed to plan long term and execute with precision. It is a belief that we held since our founding of the business..."
Ang Kok Tian, Chairman and Managing Director