Midas Holdings announced that its JV partner, CSR Nanjing Puzhen Rolling Stock Works and their consortium partners, Shanghai ALSTOM Transport Electrical Equipment Co.,Ltd. and ALSTOM Transport S.A have been awarded a contract.
The contract will be to supply metro train cars, valued at RMB1.25 billion to Nanjing Metro Co., Limited.
Under the terms of the contract, CSR Nanjing Puzhen Rolling Stock Works and its consortium partners will supply 24 metro train sets, comprising 6 train cars per train set, totaling 144 train cars between 2008 and 2010. In addition, subject to further regulatory approval, there is an option to order an additional 10 metro train sets (totaling 60 train cars) under the same terms for the Nanjing Metro Line 2 Phase 1 Project.
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).
Poh Lian Construction Pte Ltd, a wholly-owned subsidiary of UFS has been awarded a building contract for The Solitaire condominium development by City Developments Limited.
The Project which is located at Stevens Road, consists of 3 blocks of 12-storey residential flat with basement car park, swimming pool and communal facilities. The contract value of this condominium project worth about S$41.4 million will commence in mid of May 2007 and is scheduled to be completed by end of September 2009.
With this new project, the total order book will increase from the current S$162.2 million to S$203.4 million. The Project is expected to contribute positively to the Group but not expected to have a material impact on the current year's results.
The Company was incorporated on 2 December 1995 as an investment holding company of the Group to hold the operating companies of the Group. The current business activities include the manufacture, sale, rental and supply of access equipment, construction activities in the public and private sectors, vessel staging, property investment and development, and other construction-related activities. The Company is an investment holding company. The three core business activities which the Group is presently engaged in are access equipment trading and rental and related services; building construction; and property development. In 2000, the Group ventured into the pulp industry by buying into two Indonesian companies, one a forest concessionaire and the other in pulp milling.
Asiapharm Group Limited proposes the acquisition of all the issued and paid-up capital of Solid Success Holdings Limited.
The transaction will comprise 100 ordinary shares of US$1.00 each for an aggregate consideration of RMB345 million and is to be paid for by way of cash of RMB330 million and the issue of 5,000,000 new ordinary shares of US$0.02 in the capital of the Company.
The remaining 3,500,000 Consideration Shares which have been allocated and issued on 2 May 2007 to Hui Tin Cho at a price of US$0.02 per share, pursuant to the Share Transfer Agreement, would be listed and quoted on the Official List of the Singapore Exchange Securities Trading Limited with effect from 9.00 am 3 May 2007.
The Group is in the business of:
(1) research, development, production and sale of pharmaceutical drugs for the fields of orthopaedics, 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.
Thai Beverage Public Company Limited was awarded the Gold Medal for its Archa Beer in the European Style Lager at the 2007 Australian International Beer Awards.
The event attracted 941 beers from 189 breweries in 39 countries. Of the six beers on exhibition from Thailand, only ThaiBev's Archa Beer was awarded the Gold Medal.
The importance of this recognition is to assure investors that as the company continues to promote its products in Thailand and abroad, it is in possession of a portfolio that includes beers recognized globally as the best in the beer industry.
The ThaiBev Group is the leading producer of beer and spirits in Thailand and one of the leading brewers and distillers in Southeast Asia according to Canadean Limited, a global beverage research company. Its main products are beer and spirits, which have a strong brand identity in Thailand with a reputation for quality and taste. The ThaiBev Group also produces drinking water, soda water, industrial alcohol and by-products from the brewing and distilling process. Its signature beer, Chang Beer, is the best-selling beer brand consumed in Thailand. Its well-known spirits brands include Sangsom, Mekhong and Mungkorn Thong. The ThaiBev Group has a far-reaching distribution infrastructure in Thailand and also imports its beer and spirits to 19 other countries.
Ezra Holdings Limited awarded a S$98 million contract to local shipbuilder Pan-United Marine Ltd to build two large Rolls-Royce designed multi functional support vessels.
The two 30,000 brake horsepower large Rolls-Royce designed multi functional support vessels which are capable of service in depths of 3,000m will be built in Pan-United Marine's
Delivery for one is scheduled for the first half of calendar year 2009 and the second one in the second half of calendar year 2009.
The Group provides offshore support vessels and services to the offshore oil and gas industry. It also provides the shipping industry with other marine services such as provision of marine supplies and engineering services. Its business activities are carried out by its offshore support services division and marine services division.
JEL Corporation (Holdings) Ltd is taking a strategic stake in mDR Limited. The strategic investment by JEL opens up opportunities for the companies to engage in business partnerships through their combined networks in respective markets.
JEL will subscribe for new mDR shares representing an interest of approximately 17% in the enlarged share capital of mDR. As consideration, mDR will acquire a 52% equity stake in JEL Corporation (Africa) Pte Ltd, which represents JEL's trading and distribution business in Africa.
The agreements also include an extension of a convertible loan by JEL to mDR for the amount of S$4 million. JEL has also been given the option, for the period of 24 months after the completion of the agreements, to increase its shareholdings in mDR through the issue of new mDR shares to JEL.
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.
Advanced Holdings Ltd wishes to announce that it's wholly owned subsidiary, Advanced Engineering Holdings Pte. Ltd. has entered into a conditional Stock Purchase agreement to subscribe for majority of the New ordinary shares in Guided Wave Inc.
The proposed purchase will take place for aggregate subscription price of approximately US$1.84 million. The Company's share of the consolidated net asset in GWI is approximately US$1.24 million. Upon completion, GWI will become a subsidiary of Advanced.
Advanced will fund this proposed acquisition through proceeds from the private share placement exercise in February
Advanced Holdings Ltd. ("Advanced") is as a specialist company which designs and supplies process equipment to cater to the different needs of its customers in the chemical and petrochemical, oil and gas, power generation and micro-electronics industries. Advanced's key markets are the PRC and Singapore.
Boustead Singapore Limited wishes to announce that the Company's subsidiaries, Prevalent Technologies Pte Ltd and ESRI South Asia Pte Ltd have disposed of their aggregate 60% equity interest comprising 60,000 equity shares in ERDAS India Private Limited.
The consideration for the Sale Shares was Indian Rupees 25,800,000. The consideration was arrived at after arm's length negotiations and is on a willing buyer willing seller basis.
The Group will record a loss of approximately S$36,000 from the disposal of the Sale Shares. The disposal does not have any material impact on the consolidated net tangible asset value and the earnings per share of the Group for the current financial year.
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.
Rowsley Limited, an investment company listed on Singapore Exchange, today announced a $2.7 billion acquisition of China-based Perfect Field Investment Inc., a company involved in the manufacturing of solar energy products.
The acquisition, subject to approval from shareholders and the SGX, followed a conditional put and call option agreement with vendors, Totalpro Group Limited and Dr Ma Xin, a leading Chinese scientist and inventor.
Under the deal, Rowsley will issue 18 billion new shares at $0.15 each to the vendors, representing 92% of the company's enlarged capital. This will result in a reverse takeover of the company by the vendors.
As a condition of the deal, Rowsley has to obtain additional funding of no less than $150 million to meet the expansion needs of the Perfect Field group. Accordingly, Rowsley has entered into a conditional share subscription agreement with Peter Lim Eng Hock, the company's single largest shareholder, for the issue of one billion new shares at a total of $150 million in cash.
Rowsley Ltd's focus includes investments, investment holding, strategic investments and other related activities as part of its core businesses. The countries which the company has identified as growth markets include Indonesia, Middle East and China.
TT International Limited has executed a definitive Sale & Purchase Agreement to acquire the assets and businesses relating to the wholesale and retail of household and custom-made furniture and furnishings assets from Novena Holdings Limited.
The transfer of the Furniture Assets and Businesses to TT International will be effected through the acquisition of all Novena's shareholdings in the following furniture companies, which are wholly-owned subsidiaries of Novena: -
1(a)Novena Furnishing Centre Pte Ltd;
2(b) Castilla Design Pte Ltd;
3(c) The White Collection Pte Ltd;
4(d) Natural Living Pte Ltd;
5(e) Living Lifestyle Pte Ltd; and
6(f) Poya Communications Pte Ltd.
The Consideration will be satisfied through the issue of such number of new ordinary shares at the issue price of S$0.20 each in the capital of the TT International in favour of Novena, rounded off to the nearest thousand, subject to a maximum of 67,500,000 Consideration Shares, with the balance Consideration, if any, to be satisfied by way of cash payment.
TT International is an international trader of consumer electronics with global operations in more than 50 countries covering a range of over 4,000 models. In 1994, TT started assembling and marketing "AKIRA", its own house brand of consumer electronics. TT has also diversified into providing third-party warehousing and logistics services.
"..For our core processing and engineering division, we are going to put in place our RDPA (research, development, pilot-testing and application) scheme, which is expected to further differentiate Sinomem from our competitors. The scheme will enable our Group to provide turn-key solution (including strain improvement, fermentation optimization, membrane separation and purification, crystallization and finalization) not just separation/purification solution. The turn-key solution, by optimizing the whole manufacturing process, not just one component in the process chain, is expected to provide more value-add to our customers. Part of our existing gibberellins production facilities will be used for our RDPA scheme after the gibberellins manufacturing is transferred out into our new plant. Given the fact that there are thousands of products including pharmaceuticals, nutraceuticals, food additives, biodegradable plastics and even petroleum-related products that can be produced by membrane-based fermentation process, our turn-key solution could have huge market potential..."
Lan Wei Guang, Managing Director
Sinomem Technology Limited