Multi-Chem's wholly-owned subsidiary, SecureOneAsia Pte. Ltd. has entered into a joint venture agreement with Mr Rajendra Shah on 11 May 2007 for the expansion of the M.Tech business in India.
Under the terms of the JV agreement, a new company, to be known as M.Tech-Virtual India Pvt Ltd, will be formed with an initial authorised share capital of INR 5,000,000. SecureOneAsia and Mr Shah plan for M.Tech-Virtual India to have an initial paid-up share capital equivalent to US$ 100,000, with SecureOneAsia and Mr Shah owning 51 percent and 49 percent respectively.
The company will be principally engaged in the distribution of IT products, primarily the best-of-breed IT security products other than Blue Coat. The JV extends the reach of M.Tech westwards into India and once fully operational, M.Tech will have a network of 15 offices in 9 countries across Asia.
Multi-Chem provides (1) precision drilling services to leading PCB manufacturers in the region and is the current market leader in terms of production capacity. They are also (2) a major distributor of specialty chemicals and other PCB-related products and equipment.
Yongnam Holdings Limited announced that it has entered into an agreement with CIMB-GK Securities Pte. Ltd. to place out up to 120 million new shares at S$0.33 per share on a best effort basis to institutional and other investors. The placement represents approximately 11.4 percent of Yongnam's issued share capital of 1,057 million shares.
The New Shares will increase Yongnam's current issued and paid up capital from approximately S$48.6 million comprising approximately 1,057 million shares to approximately S$86.8 million comprising approximately 1,177 million shares.
Yongnam Holdings Limited is a leading Singapore based multi-discipline engineering and construction services provider with more than 30 years experience. Its Key business areas are: structural steelworks (engineering coordination, detailing, full service fabrication and erection of steel structures), specialist civil engineering and mechanical engineering. Yongnam currently operates in Singapore, Malaysia, Thailand and Hong Kong.
Hongguo International Holdings Limited wishes to announce that the Company's wholly-owned subsidiary, Best Invent Holdings Limited, has incorporated a wholly-owned subsidiary in Guangdong Province, People's Republic of China known as Dongguan Mayflower Industry Corp. The principal activity of Dongguan Mayflower is the manufacturing of in-house brand shoes and contract manufacturing. Its registered capital is US$1,000,000 and would be funded through internal resources.
The Group is principally engaged in the designing, manufacturing, marketing and retailing of fashion shoes. Its operations are headquartered in Nanjing, China with manufacturing facilities located in Nanjing and Dongguan, China. Its "C.banner" brand of fashion shoes are marketed as quality upmarket shoes and are targeted at the brand and fashion conscious consumer. It has a chain of boutiques dedicated to the sale of its "C.banner" fashion shoes, as well as outlets in major department stores throughout China. Its "C.banner" brand of fashion shoes is well-recognised in China.
In addition to manufacturing of its "C.banner " brand of fashion shoes, the Group also accepts contracts to manufacture shoes for other shoe companies such as "Nine West", which are usually exported to other countries for sale.
Amkor Technology, Inc. and United Test and Assembly Center Ltd. today announced that they have entered into a multi-year cross-licensing agreement under which Amkor will license its MicroLeadFrame® patents to UTAC, and UTAC will license its QFN patents to Amkor. The agreement covers the license of intellectual property rights and transfer of associated packaging technologies.
MicroLeadFrame®, or MLF®, is Amkor's proprietary version of an integrated circuit package with the generic nomenclature of QFN, which stands for "quad, flat-pack, no lead." Amkor's MLF package is a leadframe-based, nearly chip-scale package with an exposed die paddle and leads on the bottom of the package, providing excellent thermal and electrical performance.
The Group is an independent provider of assembly and testing services for semiconductors. It provides assembly of leadframe and array packages and testing, including wafer probing and final testing, on a diverse selection of test platforms. It focuses on thinner and smaller advanced leadframe packages with more leads and advanced electrical and thermal characteristics. The Group also has test capability and equipment to test logic, mixed-signal and memory semiconductors. In addition, the Group provides value-added engineering services for both assembly and testing, including advanced packages development, process design and development, test program development, test-time reduction, yield enhancement; and warehousing and drop shipment services, which are the delivery of semiconductors direct to end-users on behalf of its customers.
Global Voice Group, announced it concluded an agreement with UBL, one of Germany's foremost IT services providers. Under the terms of the three-year-agreement, Global Voice provisioned host¦nex, a highly secure and integrated solution comprising best in class co-location, a range of managed services and Tier 1 IP transit, deployed from Global Voice's high power density datacenter in Frankfurt.
Global Voice designed and deployed an integrated hosting and communications solution redundantly linking both environments via a highly secure and dedicated 100 Megabit managed fiber connection with global IP connectivity for the fastest, most efficient and highly reliable Internet access.
GVN owns and operates one of the largest Metropolitan Area Network businesses (MANs) in Europe. Its fibre networks are located in 14 cities. GVN's uses its highly secure networks to provide its clients with IP products and business continuity services, which include disaster recovery services, online data storage and content delivery. GVN's main target industry sectors are the regulatory-driven banking & insurance industry, pharmaceutical and government.
Sun Business Network Ltd initiates a share consolidation of its existing shares. Under the plan, the Group intends to consolidate every two ordinary shares into one ordinary share. In addition, it has also proposed a bonus warrant issue for shareholders to subscribe for the consolidated shares at an exercise price of $0.08, on the basis of 1 bonus warrant for every 2 consolidated shares.
The share consolidation is complemented by a proposed bonus warrants, given free to all existing qualified shareholders. Proceeds raised from the issue of the consolidated share as and when the bonus warrants are exercised will also strengthen the Company's capital base and working capital position.
As at date of this announcement, the Company has 994,312,848 Shares. Following the implementation of the Proposed Share Consolidation, the Company will have approximately 497,156,424 Consolidated Shares. The Proposed Share Consolidation will have no impact on the issued and paid-up share capital of the Company.
Sun Business Network is a leading homegrown publisher of special interest magazines with publishing activities in Singapore and Malaysia. The company has recently gone through a repositioning and aims to build itself as a leading regional media, marketing and communications company by way of mergers, acquisitions and strategic investments.
Addvalue Communications Pte Ltd and Singapore Telecommunications Limited are to jointly promote and market a cost effective satellite-based Business Continuity Plan communications package.
The package aims to provide a quick operational recovery to businesses in the event of disruption caused by a disaster or emergency.
The portable BCP package uses Broadband Global Area Network, which is a satellite solution that enables voice and broadband communications in regions without adequate communications structures.
Addvalue provides comprehensive satellite communication solutions, tracking and telemetry communications solutions and digital wireless design services. Its customers and business partners include global leaders in the communications, information technology and electronics industries.
Communication Design International Limited wishes to announce that the Company has entered into a sale and purchase agreement with Mr Ian Peter Woodhouse, Mr David Michael Thody and Mr Michael Conrad Hall to acquire the remaining 49 percent of the issued and paid-up share capital of the Company's subsidiary, Above Consultancy Ltd
The purchase price for the Acquisition is £1,225,000 which will be satisfied by the allotment and issue of up to 12,219,253 ordinary shares in the capital of the Company at an issue price of S$0.30 per share The Company presently owns 51 percent of the issued and paid-up share capital of Above Consultancy. Upon completion of the Acquisition, Above Consultancy will become a 100 percent owned subsidiary of the Company. The Acquisition will therefore allow the Company to fully consolidate its control and ownership over Above Consultancy.
The Group's principal business activities are experiential branding and design, outsource marketing services in retail, event management, environmental display and interior architecture of corporate offices and visitor centres. It provides and manages end-to-end marketing communications programmes for its clients.
Inter-Roller Engineering Limited was awarded a S$16.3 million contract to provide a Baggage Handling System for the Winnipeg Airport Authority at the Winnipeg James Armstrong Richardson International Airport. The system consists of the design, supply and installation of mechanical, electrical and control hardware that integrates with 100 percent Hold Baggage Screening. The design covers the security tracking, baggage sortation, automatic baggage tag scanning and high level control systems. The BHS consists of approximately 2 km length of conveyors that cover Horizontal/Incline/Decline Conveyors, Power Curves, Spiral Curves, Merge Conveyors, Vertical Sortation Units, Plough Diverters, Pushers, Incline Carousels and Fire/Security Shutters.
The project commenced on 1 April 2007 and is scheduled to be completed by 1 December 2009.
Inter-Roller specialises in the designing and building of Airport Logistics Systems such as Airport Baggage Handling Systems, In-flight Catering Systems, Air Cargo Handling Systems and Parcel Handling Systems. In addition, Inter-Roller also designs and builds Industrial Automation Systems, Bulk Handling Systems, Automated Car Parking Systems and Air Handling/ Pollution Control Systems.
Swissco International Ltd, owner announces that its wholly-owned subsidiary, Swissco Offshore Pte Ltd has recently clinched contracts worth S$12.7 million.
Swissco secured charter contracts for two of its offshore support vessels, which are currently deployed in the oil-rich Sultanate of Brunei. Both vessels are chartered to different clients for a minimum period of 10 to 24 months with the option for charter extension.
At the same time, another unit of the relatively new fleet of vessels will soon be deployed to the booming oil & gas industry in West Australia. The vessel, an anchor handling tug, will be the Group's third vessel to be working in Australia. She will be on charter with a sale option to the present client.
The Group is a Singapore-based marine company that provides marine logistics services, ship repair and maintenance services for the shipping and offshore oil and gas industries by owning and operating Out-Port-Limit (OPL) supply boats, offshore support vessels, tugboats and barges. Besides operating in South East Asian countries such as Indonesia, Malaysia, Vietnam and Thailand, Swissco's vessels have been deployed by its charteres in regions as far as East Africa and Japan.
Asia Environment Holdings Ltd announced that it has entered into a sale and purchase agreement to acquire 4,505,700 ordinary shares in the issued and paid-up share capital of Nanchang Water Holdings Private Limited, a company established in Singapore, thereby increasing its interest of 75% in the share capital of Nanchang Water, for an aggregate investment amount of S$5.4 million. Nanchang Water is, after the acquisition, a wholly owned subsidiary of the Company.
The aggregate value of the consideration for its shareholding in Nanchang Water is S$5.4 million, on a willing buyer, willing seller basis. The consideration is fully settled in cash.
The net asset value of the shares acquired based on the audited accounts of Nanchang Water as at 31 December 2006, is approximately S$4.4 million.
Asia Environment is an integrated water and wastewater treatment solution provider in China. The Group offers a comprehensive range of products and services that cover the entire spectrum of water and wastewater treatment, from planning and design to manufacturing and fabrication, construction, installation, operations and maintenance. It also starts to undertake BOT (build-operate-transfer) projects in water and wastewater treatment industries.
"..while on the treadmill on a Sunday afternoon (yes, I actually go to the gym), I turned on the TV and saw an interview with Howard Schultz, Chairman of Starbucks Corporation, during which he summed up exactly where I feel we are as Noble Group. Schultz said: "If you want to build a great, enduring company - in America or any other part of the world - you have to invest ahead of the growth curve." This is what Noble Group has continued to do during this year. We have been sowing the seeds of future growth. We have been investing ahead of the growth curve to build a very large and very successful enterprise..."
Richard Elman, Chief Executive Officer