Executive Chairman Mr. Christopher Borch and his wife Mrs. Andrea Borch are offering some of their company shares to employees under an Employee Share Gift Programme.
The programme is meant to reward employees for their contributions to the company and motivate them to even better performance for the group.
Eligible employees are entitled to purchase
1000 company shares at discounts of over 50 percent under two alternatives.
The Group is engaged principally in the design and manufacture of precision tools, assemblies and consumable products for the semiconductor industry, focusing on the semiconductor assembly an test process. Their core products are used in the die attach process and wire bond process and can be grouped into three main categories, namely, die attach tools, wire bond tools and custom tools. It has manufacturing facilities in Singapore, Malaysia, the Philippines and Thailand. In addition to the sales teams in these countries, it also has sales and marketing offices in USA, Switzerland, Taiwan and China. It has also appointed distributors to market and distribute its products in Japan, Switzerland, Germany, Austria, Italy, Malta, France, Spain, Portugal, Morocco and the UK.
The companies along with its subsidiaries and associates have signed a Strategic Partnership Agreement with Baotou Steel to provide technical knowledge of galvanization technologies to upgrade the R&D capabilities as well as production quality of Baotou.
Baotou will in return commit its supply of galvanised steel coils to help the companies expand market share and penetration into international markets.
Baotou will also commit to supply 488,000 mt of cold rolled steel coils as feedstock to the companies.
The Group is a manufacturer of heavy gauge galvanized steel coils with thickness ranging from 0.6mm to 4.2mm and width ranging from 660mm to 1550mm. Currently, the Group has one galvanization production line with an annual production capacity of 300,000 tons for the manufacturing of its products. The Group is expected to expand its capacity to 700,000 tons a year when its second galvanization production line is put into commercial production by end May 2005. The Group's customers are mainly steel trading companies, steel structure engineering companies and steel processing factories in China.
Sembawang Music Holding's direct subsidiary Falcon Energy Group Limited has established a subsidiary based in Mexico to provide services to oilfield companies.
The company, known as Astanient SA DE CV, has a paid up capital of 500,000 pesos.
This move is in line with the parent company's strategy to seek out new business opportunities in the marine and oil and gas industries.
Sembawang Music Holdings is the largest music and visual products retail chain store operator by number of stores in Singapore. As at the Latest Practicable Date, our Group operates a chain of 20 Sembawang Music retail outlets offering Audio CDs, DVDs, VCDs and related audio and visual products.
Esmart Holdings and subsidiary E-smart Technology expect to double India headcount by end 2008.
E-smart Technology is setting up a Design Centre in Kolkata in order to provide customers with the latest technology products from the company.
The subsidiary has also appointed H.S. Luthra as Vice President, Sales/ Country Manager to spearhead the growth in India, and Indranil Majumdar, as Vice President, India Design Centre & Technical Support.
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.
The company's subsidiary Paperich Pte. Ltd. has secured the paper copier business for the first quarter of 2007 at revenues of $23m.
The copier paper business has become a regular quarterly source of business for the company since starting in FY2006.
The copier paper business is a high volume but lower margin office product compared with the company's other branded dated products.
Nippecraft Limited is an established and leading provider of Personal and Business Organizing Tools which includes a wide range of paper based diaries, organisers, stationery and related products.
Midas Holdings Limited has signed two Siemens contracts to provide aluminum alloy profiles for the Valero Rus Project in Russia and the Desiro Mainline Project, targeting at the European and ex-European markets.
The first contract worth1.8m euros involves the supply of aluminum profiles to build 8 high speed passenger service trains for the Valero Rus Project in Russia.
The second contract valued at 1.2m euros is for the German Desiro Mainline Project where Midas will supply an initial order of 16 train sets to be used on the European and ex-European markets with a total of 300 train sets to be built in total eventually.
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 aluminum 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 aluminum alloy extrusion products are undertaken by its Aluminum Alloy Division (Jilin Midas).
CNA Group Limited has entered a joint venture agreement with An Tay Corporation and Eng Lim Construction Company Pte Ltd. to carry out civil and construction projects in Vietnam.
The respective companies will contribute their areas of expertise for the projects. CNA will be involved in the areas requiring control and automation works.
The inves™ent capital for the venture is US$1m with 30 percent cash and 70 percent in loan facilities. CNA holds a 51.2 percent stake in the venture.
CNA is principally engaged in the provision, design and implementation of integrated control and automation systems and IT solutions for buildings and facilities. Its systems are found in intelligent buildings in the commercial and public sectors, industrial facilities including semiconductor and wafer fab, pharmaceutical and water and waste trea™ent plants and infrastructural facilities including airports, MRT stations and expressway tunnels and flyovers.
Bestworld is in the process of setting up its first regional centre in China.
The centre is expected to be fully operational by FY2007. Best World is currently setting up a subsidiary which will be headquartered in Changsha.
Best World is also training a team of experienced managers to supervise the operation of distribution outlets across the country.
The Group is principally engaged in the sourcing, formulating, branding and distribution of a range of health and lifestyle products under its own brands, "bwL", "Avance", "DORS", "DR's Secret" and "DRS Seager". Its products may be categorised as cosmetics, skin care, nutritional supplements, personal care and healthcare equipment. The Group also distributes a range of third-party cosmetics and skin care products under the brand "C'bon". The Group distributes its products via 3 distribution channels, namely, direct selling, retail and export.
9 Key Medical Institutions have confirmed the effectiveness of Asiapharm's Ximingting drug in treating menopausal symptoms.
10 months of extensive clinical trials conducted by institutions like Beijing Union Medical College Hospital, Shanghai Fudan Gynecological Hospital, Beijing Gynecological Hospital and Beijing University Gynecology Hospital, validating earlier research findings on the benefits of XiMingTing.
Released by Asiapharm in H1 FY2006, the drug is presently distributed in 27 hospitals in cities like Beijing, Shanghai, ChongQing and Xi'an.
Asiapharm is in the business of:
(1) research, development, production and sale of pharmaceutical drugs for the fields of orthopedics, neurology, gastroenterology and hepatology, focusing on natural drugs and chemical drugs with new formulations;
(2) distribution of products of other pharmaceutical manufacturers in China;
(3) processing and sale of active ingredients, mainly chondroitin sulphate, for the manufacture of pharmaceutical drugs;
(4) sale of R&D results and/or patents of new drugs and provision of research services on a contract basis.
"…In supplying parts and equipment to a wide network of oil majors, rig owners and drilling contractors over the last 30 years, we have established close working relationships with them. Our in depth knowledge of the condition and availability of their vintage capital equipment allows us to fulfill demand for specific capital equipment by procuring and refurbishing these used equipment. We strengthened our unique business model of providing refurbished capital equipment in the last few years by recruiting suitable talent to boost our management and technical capabilities as well as acquiring numerous companies to enhance our engineering capabilities and improve our product offering."
Chew Thiam Keng, Chief Executive Officer