Enviro-Hub Holdings Ltd’s wholly-owned subsidiary Cimelia Resource Recovery Pte Ltd has entered into a joint-venture agreement with Asian Electronics Limited (AEL) under which Cimelia and AEL will jointly set up a company in Singapore. The initial paid up share capital of the JV Company will be S$2 million which will be contributed and held by Cimelia and AEL on a 50:50 basis.
The JV Company will be involved in the business of converting mixed waste plastics into fuel using the know-how and technology licensed to and made available by AEL to the JV Company. The JV Company will establish a plant in Singapore for this purpose and thereafter market its services and to sell similar plants to Malaysia, Indonesia, Thailand, Hong Kong, Vietnam, Philippines, New Zealand and Brazil.
AEL is a public limited company incorporated India. AEL’s shares are listed and traded on Bombay Stock Exchange. AEL and its subsidiaries are involved in the Energy Services industry in India. The setting up of the JV Company is in line with Cimelia’s plan to broaden the range of its waste recycling services to include the conversion of mixed waste plastics into fuel.
Enviro-Hub is today, one of the largest providers of total environmental management solutions and services for the Global Electrical, Electronic and Equipment industries. It provides a whole spectrum of services such as management and recycling of electronic waste, recovery and refining of Platinum Group Metals, ferrous and non-ferrous metals, plastics and chemicals, copper smelting and refining as well as recovery and recycling of engineering plastics and manufacturing of IC trays using recycled engineering plastics. We have a strategic network spanning 20 countries worldwide.
Sitra Holdings (International) Limited is pleased to announce that its wholly owned subsidiary Sitra Agencies Pte Ltd, has incorporated a 97% owned subsidiary known as Sitra Ukraine Limited (SUL) in Ukraine.
The authorised, issued and paid up capital of SUL is UAH42, 000. The principal activities of SUL are those of importers and exporters of wood based, lifestyle furniture and other related products.
The establishment of the subsidiary was funded through internal resources and is not expected to have any financial impact on the Company and the Group for the financial year ending 31 December
Sitra Holdings (International) Limited is a brand-centric distributor of quality wood-based products and lifestyle outdoor furniture carrying our proprietary brands. We develop and market our products in two main segments - wood - based products (such as decking, flooring, fencing, door and window components and other moulded products) and lifestyle outdoor furniture.
Jurong Technologies Industrial Corpn Ltd (JurTech) is pleased to announce that it has entered into an agreement to acquire 75% of the outstanding issued share capital in i-Sirius Pte Ltd.
The S&P Agreement dated 10 July 2007 will involve Jurtech acquiring 75% of the issued share capital in i-Sirius.
The shares in i-Sirius will be acquired from Cheang Chee Ming, for a consideration
comprising an initial payment of S$3,000,000, to be satisfied through the issuance of 3,333,333 shares in Jurtech at an agreed price of S$0.90 per share, being a discount of not more than 10% over the last done price of shares of Jurtech traded on the SGX on 9 July 2007, being the last market day preceding the signing of this Agreement.
Established in 1986, Jurong Technologies began providing Electronics Manufacturing Services ("EMS") to local as well as overseas electronics Original Equipment Manufacturers ("OEMs") in 1988, and has today become a name synonymous with top quality and innovative solutions.
Global Voice Group announced that it has concluded an agreement with German Internet Service Provider Aixit GmbH. Under the terms of the 5-year agreement, Global Voice will deploy a fully redundant private fiber network over which Aixit will enable their expanding customer base with a range of ISP and broadband services in Germany.
Aixit, one of Germany’s fastest growing ISPs, required a highly available and scalable networking solution, connecting Frankfurt’s financial center to a redundant datacenter in the west of the city.
Global Voice deployed priva|nex, high availability and redundantly connected private fiber networks, enabling Aixit with a highly secure platform over which to deliver mission critical communications solutions for their customers in the financial sector.
The Global Voice Group (GV) was established in early 2002 and listed on the Singapore Stock Exchange in 2004 through the successful reverse takeover of Horizon Education and Technologies Limited (Horizon). The Global Voice Group Ltd. (GV) owns and operates unique highly secure optical fibre networks and duct infrastructure across 14 leading European cities. GV's optical fibre and duct networks were constructed to consist of an average of 6 sub-ducts throughout each city with at least one sub-duct in each city containing an average of 432 strands of optical fibre. GV's city networks were designed and built to provide access to all the key locations within each city including business and industrial parks, educational centres, financial centres, Government buildings and Internet exchanges.
OSIM International Ltd are pleased to announce that it has increased its shareholdings in its subsidiary Global Active Limited (GAL) from 82.06% to 82.38% through cash purchase of shares from minority shareholders of GAL.
The aggregate cash consideration for the acquisition of shares is S$163,035.00 and the sum of consideration was arrived on a “willing buyer willing seller” basis between the parties after arm’s length negotiations.
GAL is in the business of retailing and distributing nutraceutical products and health supplements. This acquisition is not expected to have any material impact on the earnings per share and the net tangible assets per share of the Group for the financial year ending 31 December 2007.
OSIM is a global leader in healthy lifestyle products. It is the leading Asian brand for healthy lifestyle products. Established in 1980, OSIM is a brand management and niche marketing company with a focus on the consumer. The Group is innovation-driven and is an IP (intellectual property) developer. OSIM uses innovative selling approaches and constantly enhances its innovation capabilities to produce successful products with superior designs, features and quality. As an IP developer, OSIM controls its brands, designs, technologies and concepts. Today, OSIM operates a wide point -of-sales network of over 400 OSIM outlets in Asia, the Middle East, United Kingdom and North America. Our business currently comes under four complimentary focuses. Together, these focuses reflect OSIM's holistic and integrated approach to healthy lifestyle.
Tat Hong Holdings Ltd's wholly owned subsidiary, Tat Hong International Pte Ltd has through its 100% own subsidiary, Tat Hong Heavy Equipment (Hong Kong) Limited has incorporated Tat Hong Heavy Equipment (Macau) Limited.
TH Macau shall be 100% owned by THHE HK and the initial paid-up capital of TH Macau is 25,000.00 Patacas. Contribution to the paid-up capital shall be funded internally.
The principal activity of TH Macau is Rental and Trading of Heavy Equipment and Construction Machinery and Repair and Maintenance of Equipment.
Tat Hong was set up in Singapore in the '70s as a supplier of cranes and heavy equipment. Over the years, we have grown and progressed to become one of the biggest companies in the region supplying cranes and heavy equipment to the industries.
Soilbuild Group Holdings Ltd is pleased to announce the proposed issue of S$60 million Convertible Bonds to help fund its growth. The S$60 million issue includes an over-allotment option of S$10 million to be exercised to meet strong demand from institutional investors.
The Bonds are convertible into new Soilbuild ordinary shares at a conversion price of S$2.0182 per new share, which represents 28% premium above the 30- day Volume Weighted Average Price of Soilbuild shares. The Singapore dollar denominated Bonds will bear a coupon rate of 1% per annum payable semi annually and will mature in 4 years.
Soilbuild expects to use the net proceeds to finance new investments, acquisitions and development of new land sites for residential and business space properties.
Soilbuild is an innovative property developer with a development portfolio of mid-level to high-end residential properties and business space properties for SMEs and MNCs. With an established track record of more than 30 years, the Group was listed on the Singapore Exchange in January 2005, and has successfully acquired and developed a range of residential properties mainly in prime urban districts.
Ezra Holdings Limited announced 10 new charters contracts worth US$127 million.
Ezra is chartering 5 AHTS and 3 Anchor Handling Tugs (AHT) from its existing fleet to various oil majors for operation in Southeast Asia. The charters are worth about US$69 million and are for periods up to 5 years, with options for extension. Besides these, Ezra is also negotiating 3-year charters worth US$58 million for two of its new vessels which are due for delivery in the first half of the financial year ending 31 August 2008.
The Group currently manages 24 vessels – 14 AHTS, 4 AHTs, three crew boats, two heavy lift accommodation crane barges and a deck cargo barge - and is expecting delivery of 10 more vessels by 2009. This includes the world’s first two 30,000 bhp large Rolls-Royce-designed multi-functional support vessels which will further enhance Ezra’s edge in the provision of deep water offshore support services.
Ezra is an integrated offshore support solutions provider for the oil and gas industry. The business was founded in 1992. Today, Ezra is listed on the Singapore Exchange Securities Trading Limited ("SESDAQ") and recently promoted to Mainboard on 8th December 2005. Its headquartered in Singapore. Its offshore support services division provides offshore support vessels for charter, as well as ship management services for its own, and for third party vessels. The Group also has a marine services division that provides marine supplies and engineering services. It has grown to be a market-driven business leader in the offshore support services and marine services industries in the Asia Pacific region.
COSCO Corporation (Singapore) Limited, a leading ship repair & marine engineering and shipping group, is pleased to announce that its 51%-owned COSCO Shipyard Group (CSG) had secured shipbuilding and VLCC (Very Large Crude Carrier) to VLOC (Very Large Ore Carrier)/bulk carrier conversion contracts aggregating US$563 million from several international customers.
The projects will be carried out at COSCO Zhoushan, Dalian and Nantong shipyards.
Each VLCC conversion takes approximately 160-180 days to complete and progressive deliveries are expected by 3Q 2008. The 8 bulk carriers are targeted for progressive deliveries from May 2009 to March 2010.
COSCO Corporation (Singapore) Limited ("COSCO" or the Company) has the largest Ship Repair, Ship Building & Marine Engineering operation in China. A diversified group with activities also in the Dry Bulk Shipping, Shipping Agency and other sectors, it is the SGX Mainboard-listed subsidiary of China Ocean Shipping (Group) Company ("COSCO Group"), China’s largest shipping group and one of the top shipping conglomerates in the world.
ECS Holdings Limited announced today that the Group has been ranked 21st in the SINGAPORE INTERNATIONAL 100 RANKING by International Enterprise Singapore (IE Singapore).
ECS was presented with the prestigious certificate by Singapore’s Deputy Prime Minister, Coordinating Minister for National Security and Minister for Law, Professor S. Jayakumar, Guest-of-Honour of the Gala Dinner in conjunction with the International Enterprise Forum organised by IE Singapore, which was held at the Shangri-La hotel last evening.
The Ranking is based on the contending companies’ audited annual sales revenue from overseas markets. On an individual market basis, ECS snared the 9th and 10th positions for revenue contributions from China and Southeast Asia respectively.
ECS Holdings Ltd, founded in 1985, is one of the top three information & communications technology (ICT) product and services providers in the Asia Pacific. The Group has an extensive network of over 17,000 channel partners with 31 offices in six countries - China, Indonesia, Thailand, Philippines, Malaysia, and Singapore. The Group's three main businesses are Distribution, Enterprise Systems and ICT Services. Enterprise Systems provides enterprise systems tools for ICT Infrastructure. ICT Services offers design and implementation for ICT infrastructure. To enable end-to-end integration, it also offers training, maintenance, and support services. ECS represents leading ICT vendors such as Apple, BEA, Cisco, Hewlett-Packard, IBM, Lexmark, Microsoft, Oracle, Sun Microsystems and Symantec.
OKP Holdings Limited today announced that it has bagged a S$2.9 million contract from the Public Utilities Board for drainage improvement works in the Western and Eastern Watershed regions.
The deal is secured through its wholly-owned subsidiary Eng Lam Contractors Co (Pte) Ltd. The works involve the maintenance of drainage systems such as replacement of scupper drains with scupper pipe conduits, covering back lane drains, installing safety railings and gratings to open roadside drains and installing gratings to central divider drains.
The work is expected to start on 25 June 2007 and is expected to be completed by 24 December 2008. The Western Watershed comprises of the Jurong, Kranji and Pandan catchments and the Eastern Watershed comprises of the Changi, Punggol and Woodlands catchments.
OKP is a leading home-grown infrastructure and civil engineering company in the region, specialising in the construction of airport runways and taxiways, expressways, flyovers, vehicular bridges, urban and arterial roads. The company has recently taken on projects in the oil and gas sector, providing civil construction work for petrochemical plants and oil storage terminals as well as the maintenance of roads and roads related facilities and building construction-related works.
“..In view of the on-going infrastructure developments in Singapore, particularly the new MRT downtown line, Integrated Resorts, Business and Financial Centre in Marina Bay and developments along Orchard Road, outlook for the Group looks promising. Going forward, to capitalise on these business opportunities, the Group will concentrate on further strengthening its core competencies and resources for Structural Steelworks and Specialist Civil Engineering which will also provide better margins.”
Seow Soon Yong, CEO,
Yongnam Holdings Limited