United Fiber System Limited subsidiary Poh Lian Construction Pte Ltd has been awarded a building contract for Ardmore II condominium development by Actbilt Pte Limited.
The Project which is located at Ardmore Park / Anderson Road consists of 2 blocks of 36-storey residential flats with basement carparks, swimming pool and communal facilities. The contract value of this condominium project worth about S$92.0 million will commence in mid of June 2007 and is scheduled to be completed by end of July 2009.
With this new project, the total order book will increase from the current S$192.6 million to S$276.6 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 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.
Asia Environment Holdings Limited wholly owned subsidiary, AEH Water Investments Pte Ltd, has entered into a Build- Operate-Transfer Concession Agreement with Jingdezhen City
Government to build and operate a wastewater treatment plant in Jingdezhen City, Jiangxi Province.
The project involves the construction of a wastewater treatment plant with a total capacity of 80,000 cubic metres/day. The total investment of the project is estimated at RMB78 million. The concession period is for 30 years commencing from the date of the concession agreement. A special purpose vehicle will be established to undertake the project. The project is expected to commence construction within the next 6 months.
Jiangsu Penyao Environmental Engineering Contract Co., Ltd a wholly-owned subsidiary of the Company has entered into a Build-Operate-Transfer Concession Agreement with Wangcheng County Government to build and operate a wastewater treatment plant in the Wangcheng County, Hunan Province. JSPY Contract is the successful bidder of this project in a tender exercise conducted by the government for this project. The project involves the construction of a wastewater treatment plant with total capacity of 40,000 cubic metres/day. The total investment of the project is estimated at RMB57 million. The concession period is for 27 years commencing from the date of the concession agreement. A special purpose vehicle will be established to undertake the project. The project is expected to commence construction within the next 6 months.
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.
AGVA Corporation Limited a manufacturer of specialty media storage products and lifestyle accessories, today unveiled
their new range of products to be retailed in stores here, under the series – Sport Red,
Blackbird, Rocky Road, Time & Space and Splashpaint.
The products featured from their in house brand, AGVA, include laptop bags, camera cases, and multipurpose pouches for IPod/handphone and messenger bags among others, aimed to provide portable media storage for consumers who are frequently on the move.
AGVA’s core markets are located in Europe and Asia, with the latter comprising of more than 50% of revenue for FY2006 (period ended 31 December 2006). The main markets within Asia include Japan, Singapore and Malaysia and this will serve as an opportunity for the Group to expand their distribution network within Asia, with Singapore as their base.
AGVA is a specialty manufacturer of lifestyle-oriented products and related accessories with a fully integrated supply chain management system. Its business consists primarily of the manufacture and sale of lifestyle-oriented products and related accessories for its own brands including "AGVA", OEM customers and corporate customers as premiums.
Tat Hong Holdings Ltd’s wholly owned subsidiary, Tat Hong Plant Leasing Pte Ltd has incorporated Tat Hong Offshore and Marine Services Pte. Ltd.
The principal activity of Tat Hong Offshore Marine is to provide offshore marine services. The initial paid-up capital of the established subsidiary is SG$2.00 and it will be subsequently increased to SG$2,000,000.00. Contribution to the paid-up capital shall be funded internally.
The abovementioned incorporation is not expected to have any material effect on the net earnings and net tangible assets per share of the Company for the financial year ending 31 March 2008.
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.
Alantac Technology Ltd. wishes to announce has entered a conditional sale and purchase agreement with Adam Lau Fook Hoong alias Joe Lau, Junaidah Bte Mokhtar and EDB Ventures Pte Ltd for the proposed acquisition of 85% of the issued and paid-up capital of JEP Precision Engineering Pte Ltd.
The aggregate purchase consideration payable by the Company for the purchase of the Sale Shares is S$23,800,000. The Purchase Consideration was arrived at on a willing buyer and willing seller basis.
The Purchase Consideration is payable
by the Company to the Vendors partly in cash, and partly in the form of the issue by the Company to JOE of an aggregate of 23,037,975 new ordinary shares in the capital of the Company amounting to an aggregate of S$3,409,620, at an agreed price per Consideration Share of S$0.148.
It is a provider of precision machining services and a contract manufacturer engaged principally in the manufacture of precision machining parts and components, assembly, integration and commissioning of semi-automated lines. It specialises in consignment and turnkey projects for customers in the semiconductor and hard disk drive industries. For consignment projects, it provides precision machining services. For turnkey projects, it will procure materials, provide precision machining and the assembly, integration and commissioning of semi-automated lines.
Delong Holdings Limited’s wholly-owned subsidiary, Dexin Steel Pte Ltd, has incorporated a new subsidiary, Xingtai Xinlong Coal-Gas Limited in the PRC.
Xingtai Xinlong has a registered capital of US$12 million and the investment will be funded by the Company’s internal resources. Dexin Steel Pte Ltd, a wholly-owned subsidiary of the company, owns 100% shareholding in Xingtai Xinlong.
The principal activity of Xingtai Xinlong is coal gas recycling. The incorporation of Xingtai Xinlong is not expected to have any material impact on the earnings per share or the net tangible assets per share of the Company and the Group for the financial year ending 31 December 2007.
Delong Steel Limited, a Wholly Foreign –Owned Enterprise ("WFOE"), is an integrated steel mill manufacturing steel billets and mid-width hot-rolled coils for both domestic consumption and export. Delong Steel Limited in turn wholly owns Delong Yuntong Steel International Trading (Beijing) Co., Ltd, agent for import and export of steel products, mineral ores and related materials, as well as investment in resources-related projects. Dexin Steel Pte Ltd is a steel trading and procurement company incorporated in Singapore where its operation is located.
Olam International Limited has today acquired 6,419,067 ordinary shares in the capital of Open Country Cheese Company Limited representing approximately 17.04 per cent. of the issued share capital for an aggregate consideration of NZ$20,519,512.79
(equivalent to approximately S$23,802,634.84)
OCC is a public company incorporated in New Zealand whose shares are quoted on www.unlisted.co.nz, an Internet-based securities trading facility. Based in Waharoa in eastern Waikato, one of New Zealand’s
prime dairy farming regions, OCC produces and exports a range of commodity cheeses and whey powder to over 20 different countries, including Australia, Russia, the United Kingdom and various countries in Asia and Latin America. For the financial year ended 31 May 2006, the net tangible asset value of OCC was approximately NZ$32.39 million.
The Consideration will be satisfied in cash, and was determined based on an independent adviser’s valuation report on OCC dated June 2007 by Ferrier Hodgson commissioned by the independent directors of OCC.
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.
“..Recycling is and will continue to be our largest revenue driver. We have increased our product range to include electronic waste, commonly known as e-waste, from products such as used computers, PDAs, handphones, and so on. Diversifying our revenue stream with this sector, we are well-positioned to reap the benefits from increasing worldwide interest in ewaste and environmental protection. With global attention on the importance of recycling, and efforts and regulations enacted to spur recycling, we envision healthy prospects for our business. While a growing recycling market will encourage more market entrants, our reputation, skills and network of business associates will continue to positively distinguish us from competitors.”
Ang Yu Seng, Chairman and CEO
Union Steel Holdings Limited