Date: 25 to 26th Aug 2007
Location: SUNTEC Exhibition Hall 4
Aztech booth: C21
Event: Invest Fair '07 was the largest investment exhibition organised by ShareInvestor Pte Ltd and was supported by the Singapore Exchange and Bursa Malaysia. The fair was held on 25th and 26th August 2007 at the SUNTEC Singapore International Convention and Exhibition Centre, Level 4, Exhibition Hall 404, from 10am to 6pm. Free for admission, it was an event for investors to learn and be educated on the latest financial products and services, identify investment trends, understand the market outlook and hear from the experts as to how, where, when and what to invest in.
Objective: Part of Aztech Investor Relations efforts to ensure accurate and quality information is communicated effectively and timely to the investment community.
Investor Relations activity:
1. Exhibition booth to showcase
a. Concise corporate message to inform visitors on Aztech’s businesses, management and latest financial key indicators that have been published to-date.
b. Latest products that Aztech has to offer
i. ADSL2+ Modem/Router
ii. Wireless Networking
iii. SkypeTM DECT
iv. DECT cordless phones
2. Seminar on “Merits of Investing”
a. Michael Lee, Aztech VP Strategic Alliance presented on the merits of investing in Aztech” on Sunday, 10.30am.
i. Overview of Aztech
ii. Group’s different businesses
iii. Financial Highlights
iv. New R&D efforts, products
v. Client network
vi. Updates on manufacturing plant
vii. Industry outlook
viii. Strategy moving forward
The Management wishes to thank ShareInvestor and visitors who participated in the event.
Incorporated in 1986, and listed on the Main board of the Singapore Stock Exchange, Aztech Systems Ltd
specializes in the design and manufacturing of voice and data communications solutions. Headquartered in
Singapore, Aztech today has over 2,500 employees worldwide with strong R&D, design and manufacturing
capabilities. Supported by its six sales offices in Singapore, Hong Kong, China, USA, Germany and
Malaysia, the Company provides OEM/ODM, contract manufacturing and retail distribution business.
Auric Pacific Group Limited announced that the Company has entered into a binding term sheet with Café Holdings Limited (CH) in respect of the proposed acquisition, of the entire issued and paid up capital of Edmontor Investments Pte Ltd.
Edmontor is the holding company of Delifrance Asia Limited, its subsidiaries and associated companies (Delifrance Asia Group). The Delifrance Asia Group operates the Delifrance chain of cafes and bistros with a presence across 6 countries in Asia.
The Proposed Acquisition is subject to further negotiation and the terms of the definitive agreements to be entered into between Auric Pacific and CH.
Listed on the main board of the Singapore Exchange, Auric Pacific Group is a leading distributor of fast moving consumer food and non-food products with operations in Singapore, Malaysia, Indonesia and China.
Auric Pacific has successfully assisted many global consumer goods leaders to build strong market share in Singapore and Malaysia. Its business partners include household names such as Abbott Laboratories, Berri Juice, Goodman Fielder, Heinz, Kraft, Lee Kum Kee, Leggo's, McCain, McCormick, Sara Lee, aSimplot, Amsterdam beer, Grolsch beer and Apollinaris sparkling water. Non-food partners include 3M, Kiwi and Sony in the household and specialised segments ranging from stationery to car-care. The Group is also in the niche business of fine wine distribution in Singapore and the region with exclusive distribution rights to several premium labels including Harlan Estate from California, USA, Aldo Conterno from Piedmont, Italy and Frederic et Michel Magnien from Burgundy, France. Backed by an illustrious century-old history of food trading, Auric Pacific also markets its own popular house brands: Sunshine and Top-One bread and bakery products, SCS butter, Gourmet processed meats and Buttercup dairy spread. Sunshine Bakeries is one of the nation's oldest and biggest bread manufacturers having started in the 1930s. Besides making bread for its own house brands Sunshine and Top-One, the factory also produces delicious buns, cream rolls and frozen food products including frozen pizzas, garlic bread, pies and pastries. In Malaysia, Auric Pacific manufactures and markets Buttercup dairy spread and margarine products, markets SCS Butter and distributes a variety of food and beverage products. Auric Pacific owns One Phillip Street office tower in Singapore's financial district and manages a diversified investment portfolio including strategic investments in growth companies. It holds a 29.9% stake in SGX-listed Robinson and Company, Limited which owns and manages the Robinsons department stores in Singapore and Malaysia and John Little department stores in Singapore. Robinsons also owns and operates the British Marks & Spencer (M&S) franchise in Singapore and Malaysia. Auric also has a 29.9% interest in Sesdaq-listed Food Junction Limited which operates a chain of food courts, Food Junction and Food Culture, in Singapore, Malaysia, Indonesia and China.
United Fiber System Limited announced that it has entered into a memorandum of understanding (MOU) with Abax Lotus Ltd. (the Investor) for the financing of an equity investment by the Company in the amount of
US$200 million in relation to its subsidiary, PT Marga Buana Bumi Mulia (PT MBBM). The financing will comprise of issuances of both notes and warrants. Under the proposed notes issue (the Notes Issue), the Company shall issue notes with an aggregate principal amount of US$200 million, at an issue price of 100 per cent of the principal amount of such notes to the Investor (the Notes).
In connection with the proposed Notes Issue, the Company shall issue 970 million warrants
(the Warrants Issue). 970 million new shares will be issued upon exercise and conversion
of all the warrants.
The parties are in the process of preparing the definitive legal agreements (the "Definitive
Agreements") for the said financing. Both parties have agreed to maintain the exclusivity
period to allow for the preparation of the Definitive Agreements, the fulfillment of conditions required for the execution of the Definitive Agreements and the seeking of necessary approvals.
The Company was incorporated in December 1995 in the Republic of Singapore as Poh Lian Holdings Pte Ltd, a private limited investment holding company working in the construction industry. In conjunction with the initial public offerings, the Company was subsequently converted into a public limited company in May 1997 and changed its name to Poh Lian Holdings Limited. The Company has been listed on the main board of the Singapore Stock Exchange since then. In April 2002, the shareholders of the Company approved a plan to venture into the forestry and pulp businesses. The restructuring exercise involved the acquisition of the entire issued and paid up share capital of Anrof Singapore Ltd group of companies with a forest concession right and extensive forest plantations in Indonesia and with a licence to build and operate a bleached hardwood craft pulp mill in Indonesia with an annual production capacity of 600,000 tonnes of pulp. The Company name was changed to United Fiber System Limited (UFS) to reflect the new core businesses of forestry and pulp production.
China Angel Food Limited a leading manufacturer and distributor of confectionery and other food products in the Guangdong Province of PRC, is making a foray into Singapore’s food and beverage market with the appointment of a new distributor.
Newly-listed China Angel announced today that it has appointed Auric Pacific Marketing Pte Ltd (Auric Pacific), a wholly-owned subsidiary of mainboard-listed Auric Pacific Group Limited, as the sole distributor of its food products in Singapore. Auric Pacific Group Limited is a distributor of fast moving consumer food and non-food products with operations in Singapore, Malaysia, Indonesia and China. The distribution agreement, which commences with immediate effect, will extend the reach of China Angel’s selected products into Singapore for the very first time. Both China Angel and Auric Pacific will work towards achieving a sales target of S$1 million during the length of the agreement.
With a strong focus on brand management and product development, China Angel Food Limited is a leading manufacturer and distributor of confectionery and other food products in the Guangdong Province of PRC. China Angel’s quality products are categorised into three key segments – namely, mooncake, pastry, as well as snack and other food products – mostly marketed under their own brand names Angel, Qi Wang and WangFuLai. They also produce certain products under the brands of their OEM customers.
Middle East Development Singapore Ltd
(MEDS) is well positioned to capitalize on new development initiatives being undertaken by its Dubai-based parent, MED LLC and its substantial shareholders under Al Noor City Holding’s potential projects in Yemen, Djibouti and Syria.
MEDS’ growth in the coming years initially may come from project and construction management and water-proofing contracts, for some of these projects. The recent project management agreements signed with MED LLC in April this year to manage construction of 5 of the former’s projects in Dubai, and one in Bahrain, marked the start of a strategic collaboration between MEDS and MED LLC in property management and investment. Under those agreements, which are subject to shareholders approval, MEDS will coordinate and manage the construction of these developments.
The building projects in Dubai are – The Arabian Crowne and Windsor Tower
in Dubailand and the Red Residence, Kensington Royale and Sports Plaza in
Dubai Sports City. In Bahrain, it is the Diamond Plaza. The total construction value of these projects is AED1.3 billion, and MEDS will be entitled to a management fee of about S$31 million over a period of 24 to 36 months.
Middle East Development Singapore Limited (MEDS), [formerly known as Hitchins Group Limited], is focused on project and construction management and real estate development in the Middle-East Region, Singapore and China. It is also engaged in the manufacture of waterproofing and building protection products under its wholly-owned subsidiary Hitchins International Pte Ltd.
Advanced Holdings Ltd (AHL) has obtained in-principle approval for upgrading to the SGX Mainboard from the SGX-SESDAQ, with effect from 30 August 2007. Trading of the Group’s shares on the Main Board will start on 30 August 2007.
Listed on the SGX-SESDAQ in 2004, the Group recorded a strong compounded
annual growth rate of 10.4% in net profit from S$2.6 million in FY 2004 to S$3.5 million in FY 2006. Net profit surged to S$4.0 million in 1H 2007.
The Group is poised for strong growth, with the Group having an order book of about S$79 million as at 30 June 2007. AHL’s market capitalization also rose significantly from S$28 million when it was listed in 2004 to S$120 million today.
Started in 1993 to create a niche business by combining its engineering expertise in
the supply of process technologies and equipment, SESDAQ-listed Advanced Holdings Limited has today established itself as an ISO9001:2000 certified specialist company which designs, licenses and supplies proprietary process equipment and process technologies to cater to the different needs of its customers in the chemical and petrochemical, oil and gas, power generation and micro-electronics industries. While Advanced’s key markets are the PRC, Middle East, Korea, Thailand and Vietnam, the Group also has a base of global customers having handled projects for customers in Singapore, Malaysia, Europe and India.
Memtech International Ltd. wishes to announce that the Company had entered into an Investment Agreement with VLU, a company incorporated in South Korea and Dr. Jae-Min
Kim (Dr. Kim) in relation to investment in VLU.
The Company shall invest in VLU by subscribing 3,333 ordinary shares with par value of KRW5, 000 each at KRW281, 160 each. Total contribution shall be KRW937, 106,280.
Upon completion of the aforesaid subscription of shares, the Company shall own 25% of the issued share capital of VLU. VLU is a startup company incorporated in October 2006 with principal activities of manufacturing and sale of rheocasting magnesium alloy products. Dr. Kim, a major shareholder of VLU holding 55% shares prior to our investment, has invented a new rheocasting magnesium alloy technology that will improve the production efficiency and composite of magnesium alloy-casted products as compared to the current thixoforming technology. In accordance with the Agreement,
Dr. Kim will assign all rheocasting related technologies to VLU. VLU will apply the technologies to produce mobile phone related magnesium alloy components such as mobile phone casing. The Company will fund the investment in VLU from its existing working capital.
Memtech is an integrated precision moulded components manufacturer for the mobile phone, IT equipment and automotive industries. We are a total solution provider for mechanical components including Keypads, lens and plastic components. In addition, we also design and manufacture antennas.
Adampak Limited, (Adampak or the Group), a manufacturer of high-performance labels, radio frequency identification (RFID) tags, seals
and other precision die-cut components, has received in-principle approval from the
Singapore Exchange Securities Trading Limited (SGX-ST) to upgrade to the SGX Mainboard with effect from 3 September 2007.
The listing and trading of the company shares on the Mainboard will commence on 3
Adampak was listed on SESDAQ in September 2004. Since then, Adampak’s revenue has grown at CAGR of 20.5% from US$22.0 million in FY 0404 to US$ 31.9 million in FY 2006.
Adampak’s net profit has grown at a CAGR of 44.6% from US$2.8 million in FY04 to US$
5.8 million in FY 2006.
Today, Adampak has strategically expanded into a regional group with nine manufacturing facilities in ASEAN countries and China.
Adampak Limited (“Adampak”) commenced operations as a label converter in 1979, producing customized labels for companies in the manufacturing industry in Singapore.
Today, it has strategically expanded into a regional group with manufacturing facilities located in four ASEAN countries and in the People’s Republic of China, serving as a one stop converting solution provider to the electronics, logistics, medical and various other industries. Adampak has also built up an extensive customer base that includes many multi-national corporations in the forefront of technology development and innovation. This, together with the arsenal of skill sets and capabilities acquired over years of operations, has enabled Adampak to expand its product offerings to include labels incorporating special features and precision die-cut components.
Today, Adampak’s advanced label product offerings include RFID (Radio-Frequency
Identification) tags for tracking and control purposes and security labels incorporating optical technology for the purpose of counterfeit detection. In addition, its precision die-cut component offerings include adhesive free zone seals, dampers, insulators and bonding tapes produced in Class 100 Cleanroom.
Aztech Systems Ltd (the Company) wishes to announce that the issued and paid-up capital of its wholly owned subsidiary in Hong Kong, Aztech Systems (Hong Kong) Ltd (Aztech HK), has been increased from HK$60,000,000 to HK$200,000,000, through the subscription of the Company of 140,000,000 ordinary shares of HK$1 each.
This transaction was effected by the conversion of trade receivables amounting to
HK$140,000,000 due to the Company from Aztech HK into capital.
The above transaction is not expected to have a material impact on the net tangible assets or earnings per share of the Group for the current financial year.
Founded in 1986, Aztech is headquartered in Singapore with support offices in USA, Germany, Malaysia and Hong Kong. The Group has an electronics manufacturing and a plastic injection moulding plant located in Dong Guan (China). The Group also has 4 R&D centres namely Singapore, Hong Kong, Shenzhen and Dong Guan, China. With its excellent manufacturing facilities, Aztech is able to manufacture high quality products that meet top worldwide industry standards. With state-of-the-art manufacturing equipment, strong engineering capabilities and facilities, which are ISO9001:2000, TL9000, UL, TUV and CCIB certified, Aztech is able to roll out products that bring the best quality and value to customers. Our R&D centres have more than 20 years of design experience to design products to meet and exceed the demand of new technologies and market requirement. Together with our strong design capabilities specialising in the PC and Telecommunication industry, we have successfully designed a solid line-up of ODM products in the DSL high speed modem, Analog Modem, broadband routers and wireless products. The company's ODM clientele has over the years, drawn on Aztech's superb R&D facilities and engineering expertise to launch revolutionary products and services. Aztech offers electronics manufacturing services to our customers. With complete manufacturing services including design, material management, logistics services and customer program management, we provide customers with seamless, value added service at every stage from product transfer, component procurement, electronics PCB assembly, mechanical assembly, testing and final shipping the products. We play an important role to our customers to reduce their time to market cycle and in delivering product of the highest production standard. Aztech Group EMS services has built up capabilities to serve the manufacturing needs of the Computer and networking, Telecommunication, Consumer electronics and Health care devices market segments.
Magnecomp International Limited (MIL or the Group) announced today that it will sell its approximately 74.3% stake in Magnecomp Precision Technology Public Company Limited (MPT), a leading producer of high-precision suspension assemblies for hard disk drives (HDD) which is listed on the Stock Exchange of Thailand (SET), to TDK Corporation of Japan
(TDK) for US$123 million.
Singapore Exchange Main Board-listed MIL will continue to expand its larger and steadily growing Office Automation and Consumer Electronics Division, Mansfield Manufacturing Company Limited (MSF), and explore new opportunities to deliver sustained shareholder value following the proposed sale of MPT.
Under the conditional sale and purchase agreement, MIL will initially sell a stake in
MPT of approximately 64.3%, with the balance 10% to be sold subsequently. The proposed sale of its stake in MPT is subject to various terms and conditions, including the approval of shareholders of MIL. MIL has been listed on the Singapore Exchange since 1998. A controlling shareholder of MIL has given an irrevocable undertaking to TDK to vote in favor of the sale.
When completed, MIL’s sale of its entire stake of approximately 74.3% in MPT is expected to boost the Group’s proforma net tangible assets per share to 102.6 Singapore cents from 69.7 Singapore cents as at 31 December 2006.
Currently, the Directors intend to propose a special dividend to distribute part of the proceeds from the initial sale of MPT shares, the amount of which will depend on the capital requirements of MIL’s remaining existing business and an assessment of other opportunities.
Magnecomp International Limited manufactures Hard Disk Drive suspension assemblies under Magnecomp Precision Technology Public Company Limited (MPT) for major hard disk drive manufacturers and performs precision stamping, commercial tooling and die, and assembly in Mansfield Manufacturing Company Limited (MSF) for a variety of customers worldwide. The Group became a publicly traded company on the
Singapore Exchange in January 1998. MIL has manufacturing facilities in China and Thailand and a research and development technology centre facility close to its USA customers.
“..In China, the Central Government is encouraging the commercial explosives industry to actively develop new products, adopt new production techniques, import advance technology from overseas, and constantly raise the standards of China's commercial explosive industry and constantly reduce the gap between the standards of China's commercial explosive products and those produced by international explosives companies. In line with the above, the end users of commercial explosive products in China such as mining, energy exploration and infrastructure construction sectors are required to shift from using TNT explosives to environmentally-friendly non-TNT explosives by 2010. We expect to benefit from the trend as our boosters and detonators are devices required to increase the efficiency of an explosion that uses non-TNT explosives.”
Sun Bowen, Managing Director
Lim Seck Yeow, Non-executive Chairman
Fabchem China Limited