Inter-Roller Engineering Limited hosted a
Signing cum Ribbon-Cutting Ceremony with Winnipeg Airports Authority Inc. on 3
September. This ceremony was held for the supply of S$16.3 million Baggage Handling System (BHS) to Winnipeg James Armstrong Richardson International Airport.
This turnkey contract consists of design, supply and installation of mechanical, electrical and control hardware. It also includes the integration with X-ray security screening machines.
Witnessing this ceremony were The Honorable Jim Rondeau, Minister of Competitiveness, Training and Trade, Minister of Science, Technology, Energy and Mines, from the Government of Manitoba, Canada, and Mr. Ted Tan, Deputy Chief Executive Officer,
International Enterprise (IE) Singapore.
Inter-Roller is a world leader in the provision of airport logistics systems. The Singapore
Main Board listed company specializes in the design, engineering, manufacture, installation
and support of airport logistics systems comprising of Baggage Handling Systems, Air Cargo Handling Systems and In-Flight Catering Systems. Inter-Roller is headquartered in
Singapore and has subsidiaries in Malaysia, China, the Middle East, and the United
Kingdom. Inter-Roller has completed projects around the world.
OSIM International Ltd are pleased to announce that it has increased its shareholdings in its subsidiary Global Active Limited (GAL) from 82.38% to 82.53% through cash purchase of shares from minority shareholders of GAL.
The aggregate cash consideration for the acquisition of shares is S$73,100.00 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.
Samudera Shipping Line Ltd has established its own office, Samudera Shipping Line (Vietnam) Co., Ltd., in Ho Chi Minh City, Vietnam. It is a joint venture in which Samudera holds a 51% stake.
The office will open for business in September, and will provide customers with a full range of booking, operations and other commercial services, as well as access to Samudera’s network in the region.
Samudera has been providing container transportation services to and from Vietnam since 2001. Today, the Group has three direct services connecting Vietnam with Singapore, Malaysia, Thailand, and India. Of the 1.43 million teus handled by the Group last year, Vietnam’s contribution was about 107,000 teus, or 7.5%.
Samudera Shipping Line Ltd. offers efficient and reliable container shipping services in the
Middle East, Indian Sub-continent, South and West Africa, South East Asia, Indo-China and the Far East markets. The container shipping business of the Company can be traced back to 1988 when its parent company started a feeder service between Jakarta and Singapore. From that humble beginning, Samudera has since developed an extensive network of container shipping services, with offices currently based in Dubai, Mumbai, Bangkok, Kuala Lumpur, Jakarta, Shanghai and Singapore. In addition to container shipping, the Group is also engaged in industrial shipping for the transportation of bulk cargo – both liquid and dry.
Global Voice Group, (SGX: H23.SI), owner and operator of one of Europe’s highest capacity fiber networks and provider of mission critical infrastructure and services, today announced it has expanded the existing agreement with AMS-IX (Amsterdam Internet Exchange) to provide an integrated collocation and private fiber network solution to host and network the world’s largest Internet Exchange. Under the terms of the agreement, AMS-IX will now deploy a new EDGE environment – an extension of the existing CORE platform – enabling over 260 existing ISPs, carriers and content providers with global connectivity from Global Voice’s high power density datacenter in Amsterdam and a redundant connection to other AMS-IX sites via dedicated private fiber networks. AMS-IX is the world’s largest Internet Exchange, with over 260 international members including the world’s largest Carriers, content providers, Internet Service Providers
(ISPs), mobile operators and Internet Centric organisations such as Google and Akamai. At the Internet exchange, the networks of Internet Service Providers, telecommunications carriers, content providers, hosting providers and the like, meet to exchange IP traffic with one another. In addition to the traditional data IP peering traffic, AMS-IX also facilitates new traffic types, be that VoIP, IP-TV, broadcasting, multicast peering as well as mobile peering worldwide.
The extended agreement sees AMS-IX deploying a new EDGE environment to support
the existing CORE platform as part of Global Voice’s integrated solution of premium co-location in their premium datacenter facility in Amstel Business Park enabling AMSIX’s members with direct access to Global Voice’s pan-European all-fiber network, connecting the Netherlands to France, Belgium, UK, Ireland and Germany. The multiyear agreement sees Global Voice Group delivering an integrated high power density, secure, co-location facility for the hosting of AMS-IX photonic and Ethernet switches, which are then redundantly connected, via forty four dedicated private fiber networks, to AMS-IX’s distributed exchange locations throughout Amsterdam.
This agreement will enable Global Voice Group to expand the product offering of host¦nex by delivering content providers and ISP’s an integrated solution of hosting, private fiber networks and a range of peering ports connected to AMS-IX measuring from 100 Mbits to 10G, all under a single bill with a single SLA.
Global Voice Group specialises in the delivery of large-scale, bespoke solutions designed and deployed around the fiber and datacenter infrastructure. The expansion into the Amsterdam datacenter enables GVG to provide best-in class collocation services - allied to on-line storage solutions - such as managed storage, online archiving and disk based back up - for its many clients throughout Europe. The datacenter is serviced by multiple carriers, including Global Voice’s own all-fiber
optic network which uniquely combines ‘long-haul’ inter-city network linking Germany, Netherlands, UK, France, and Belgium with high density ‘last-mile’ metropolitan fiber networks in Frankfurt, Munich, Berlin, Stuttgart, Hanover, Hamburg, Düsseldorf, Cologne, Paris, Amsterdam, Rotterdam, The Hague, Utrecht, London and Dublin.
Global Voice Group owns and operates one of Europe’s highest capacity fiber networks and provides mission critical communication infrastructure and services to large corporations, carriers, and service providers. Constructed at a cost in excess of €1.3 billion, Global Voice’s all-fiber optic network uniquely combines ‘long-haul’ intercity network linking Europe’s largest economies, with high density ‘last-mile’ metropolitan fiber networks in 15 of Europe’s leading cities. GVG was recently awarded the prestigious title of “Best New Entrant” by leading telecommunications publication, Capacity Magazine. The award was granted to Global Voice following their acquisition of a pan-European fiber network thus extending their unique proposition of delivering private fiber networks – an offering the judges felt is of immense value to large Corporates and carriers alike. Global Voice, trading as euNetworks in Europe, is headquartered in Frankfurt, publicly listed on the Singapore stock exchange (SGX: H23.SI). Global Voice is a member of euro-one – a collaboration of Europe’s leading fiber optic network providers to deliver infrastructure and next generation networking solutions connecting Central, Eastern, Western Europe and North America.
Swiber Holdings Limited (Swiber or together
with its subsidiaries, the Group), an integrated offshore Engineering, Procurement,
Construction, Installation and Commission (EPCIC) contractor with a complementary
business in the supply of marine support vessels, today announced that its wholly owned subsidiary Swiber Engineering Limited has entered into a contract with Hydralift
AmClyde Inc. (AmClyde), a unit of National Oilwell Varco, to acquire a 4,180 tons M-80 offshore derrick crane for US$53.13 million.
The derrick crane, which is capable of lifting a maximum load of up to 4,180 tons, will be one of the largest heavy lift cranes in the Asia Pacific region. The consideration for the contract will be financed through the proceeds raised from the Group’s recent bond offering in August 2007. Payments will be made according to the work in progress schedule as specified in the contract. Under the contract, the expected delivery of the derrick crane is scheduled for the third quarter of financial year 2009.
When delivered, the derrick crane will be installed onto a yet-to-be-constructed barge designed by the Swiber team. The new crane and barge underscores Swiber’s commitment to expand its fleet of construction vessels with new cutting edge designs and technologies to enhance its offshore marine support and EPCIC capabilities.
Established in 1996, Swiber is today an integrated offshore EPCIC contractor with in-house marine support capabilities (Offshore Marine Support). Through the integration of these two core businesses, we are able to provide customers with one-stop solutions for all the relevant stages of their offshore oil and gas projects.
The Board of Directors of Fu Yu Corporation Limited (the Company) wishes to announce that the Company had subscribed and was allotted 500,000 ordinary shares in the share capital of SolidMicron Technologies Pte. Ltd., (SolidMicron) for a total cash consideration of S$500,000.00.
Consequently, the issued and paid up capital of SolidMicron currently stands at S$4,000,000.00.
The above investment is funded through internal resources and is not expected to have any material impact on the consolidated net tangible assets and earnings per share of the Group for the financial year ending 31 December 2007.
Fu Yu Corporation Limited is now one of the largest manufacturers and suppliers of high-precision injection moulds and plastic parts in Asia. With overseas operations and plants in Malaysia and China, this operating network has allowed the Group to cater to its rapidly expanding customer base. The key markets that we serve include the information technology, telecommunications, automotive, medical, electronics and electrical appliance sectors.
Midas Holdings Limited (Midas or the Group is pleased to announce today that its Aluminium Alloy Division, Jilin Midas Aluminium Industries Co. Ltd. has secured a RMB 37.5 million contract from Nanjing SR Puzhen Rail Transport Co., Ltd (NPRT) to supply aluminium alloy extrusion profiles for 24 train sets (1 train set = 6 train cars), an equivalent of 144 train cars for the Nanjing Metro Line 2 Project.
The contract, which is expected to be fulfilled between 2007 and 2009, will have a positive impact on the Group’s 2007, 2008 and 2009 financials.
Founded in 2000, Midas is today a leading manufacturer of aluminium alloy extrusion products and PE pipes, primarily for the transportation and infrastructure sectors in the PRC. The Group operates three business divisions; namely, Aluminium Alloy, PE Pipe and Agency and Procurement. Midas is the only PRC certified supplier to the world’s largest train manufacturers, ALSTOM
SA, Siemens and Changchun Bombardier.
Midas’ customers include ALSTOM Transport SA, Siemens International Trading Ltd,
Bombardier Transportation, Changchun Railway Vehicles Co., Ltd, etc. The Group is also involved in high profile projects such as the Beijing – Tianjin High Speed Train Project,
Regional Line Phase 1 Project, Shanghai MRT Line 1 Extension Project, Shanghai MRT
Line 1 Extension 2 Project, Shanghai Line 2 Extension 1 Project, Shanghai Yangpu MRT
Line Phase 1, Shanghai Metro Line 9 Project, Shanghai Metro Line 10 Project, Shanghai
Pearl Line Project, Shenzhen MRT Line 1 Extension Project, Guangzhou MRT Line 3,
Tianjin MRT, Nanjing MRT Line 1, Nanjing MRT Line 2, the Circle Line project in Singapore, Metro Oslo MRT in Norway, Valero Rus Project in Russia, Desiro Mainline Project in Germany, Helsinki-St. Petersburg Project, Beijing Airport Terminal 3 and the Shenzhen Exhibition Centre.
Midas also has a 32.5% equity stake in a Sino-foreign joint venture, Nanjing SR Puzhen
Transport Co., Ltd, to engage in the development, manufacturing and sale of metro trains, bogies and their related parts.
China Healthcare Limited wishes to announce that the Company has incorporated a wholly-owned subsidiary company in Singapore known as Air Ambulance Asia Pte. Ltd.
The principal activities of Air Ambulance are to provide air ambulance services eg. Air evacuation of sick or injury to and from overseas and Singapore, and also to provide overseas medical or homecare services.
Air Ambulance has an issued and paid-up capital of S$1 being the subscriber share. The directors of Air Ambulance are Mr Ong Chu Poh and Madam Koh Hin Ling.
Established in 1987, ECON has grown in strength and expanded our range of healthcare services over the years to meet the growing needs of our customers at the community level. As a result of our commitment to provide excellent service to the customers, we are now recognized as the leading healthcare provider in Singapore enjoying more than 30% of market share within the industry. Our proud achievements attest to our high standards of nursing care and quality service which we always deliver to our customers. ECON, together with our strategic partners in Singapore and overseas countries, have more than 200 years of combined experience and expertise in the areas of planning, design, development and management of facilities and services for the medical and healthcare industry. Through our extensive network of business cooperation, we are able to provide our clients a ONE-STOP service in the following areas: plan and build healthcare institutions, manage the operations and facilities of these establishments and provide training to healthcare staff. At ECON, we actively seek to expand our services beyond the shore of Singapore. Currently, we have presences in Malaysia and China.
The Board of Directors of China Angel Food Limited (the Company) wishes to announce that the Company has incorporated a wholly-owned subsidiary, Shenzhen Angel Bakery Chainstore Co., Ltd in Shenzhen, China with a registered capital of RMB5,000,000.
Part of the proceeds raised from the Company's initial public offering has been utilised for the aforesaid purpose.
The principal activity of Shenzhen Angel Bakery Chainstore Co., Ltd is that of manufacture and sales of bread, cakes, biscuits and pastries. It represents part of the future plans of the Company to expand its market presence and distribution channels, as detailed in the Company's listing prospectus dated 2 July 2007.
With a strong focus on brand management and product development, China Angel Food Limited is one of the leading manufacturers and distributors of confectionery and other food products in the Guangdong Province of the PRC. Our products, categorised into three key segments - mooncake, pastry, as well as snack and other food products - are mainly marketed under our own brands, namely Angel, QiWang and WangFuLai. We also produce certain products under the brands of our OEM customers. With our multiple brand and product strategies, we are able to target different customer segments and establish strong market recognition for our brands, especially for our flagship brand Angel.
X SAT, and Singapore-based Addvalue
Communications Pte Ltd, a wholly-owned subsidiary of Addvalue Technologies Ltd,
have signed a master distribution agreement paving the way for X SAT to become a
Master Distributor and roll out Addvalue’s SABRE 1 Satellite terminal across the Middle
East and Africa.
The SABRE 1 Satellite terminal is a highly portable terminal, equipped with a robust design that delivers all-rounded performance. The solution offers cost-effective voice and high-speed data (up to 492 kbps) for remote corporate network access via Inmarsat’s network. As part of the agreement, X SAT FZE will offer the Inmarsat-based solution through its distribution channels, market the product and provide after-sales and technical support through X SAT’s current regional repair centre located in the UAE.
The new alliance with Addvalue reinforces X SAT’s growing commitment to the BGAN business. With Addvalue’s SABRE 1, which runs on Inmarsat’s BGAN platform, X SAT will enhance its services which targets mobile users in need of reliable telecommunications in areas with poor or non-existent infrastructures. The BGAN’s overall benefits include global coverage, simultaneous voice and broadband data, a high level of portability and adaptability over a broad range of solutions. In addition, X SAT will promote AddValue’s SABRE 1 hardware among existing Inmarsat Distributors in the region.
Addvalue Technologies Ltd is a leading one-stop digital, wireless and broadband communications technology products innovator, which provides comprehensive satellite communication solutions, tracking and telemetry communications solutions and digital wireless design services for customers and business partners which include global leaders in the communications, information technology and electronics industries.
Design Studio Furniture Manufacturer Ltd (Design Studio), one of Singapore’s leading premier furniture manufacturer, product and interior fitting specialist, announced that its H1 2007 profit before tax rose to S$5.037 million, from a loss of S$356,000 over the same period in 2006. The Company’s profit before tax for the first half of this year has already exceeded its 2006’s full year profit before tax of S$4.967 million. The profit was achieved on the back of a robust 78% increase in sales revenue of S$32.64 million for H1 2007 from S$18.3 million in 1H 2006.
The Company also reported that its order book as at 10th August stands at a healthy S$132.7 million, comprising orders of S$61.2 million in residential projects, S$28.8 million in interior fit-outs, S$28.2 million in export sales and S$14.5 million in distributorship of imported brands.
Higher turnover from the Company’s export sales contributed to the Company’s impressive performance. Demand for Design Studio’s products and services has been strong, boosted by a buoyant economy and positive property sentiments in the region.
The Company’s strategy of establishing its presence in key markets around the world, where there is increasing demand for quality furniture, interior fittings as well as project management expertise, has paid dividends as it continues to clinch prestigious projects in places such as Dubai, United States and other parts of the global arena. Its overseas projects include contracts to supply kitchens to high-rise residential projects in the United States and Thailand. In Singapore, Design Studio has been the preferred partner in many mid to high-end residential & hospitality projects. Projects secured include Scotts Square and Orchard View by Wheelock Properties, Suites @ Cairnhill & Ford @ Holland by Hoi Hup Group amongst others. We were also awarded the contract to fit-out 320 guest rooms at the new Crowne Plaza Hotel in Changi Airport Terminal 3.
Design Studio is committed to continuously innovate and seek ways to value-add to their in-house brands and services. A key success factor of the Company is its ability to stay relevant to market needs and trends, by constantly developing new products as well as enhancing features in its current products. This has allowed Design Studio to stay ahead of the competition. The Company also invests in technology and stay at the cutting edge of design and innovation, enabling it to adapt at great speed. This technological advantage remains one of the Company’s main strengths. In addition, the Company persists in exerting stringent cost controls, while enhancing its production processes and improving efficiency, which further contributed to its margins.
Design Studio is a premier furniture manufacturer, a product and interior fitting out specialist. She has three complementary core businesses: supply and installation of paneling products to private residential property developments, interior fitting-out services, and distributorship and export of paneling products.
For its residential property projects business, Design Studio manufactures, supplies and installs Paneling and Thermoformed products, such as kitchen cabinets, wardrobes, vanity cabinets, doors and doorframes, for private residential property developments. Design Studio is also involved in interior fitting-out projects for residential, commercial, and retail properties. Design Studio also exports its premium in-house brands of products ie PANELZ and i.FORMZ to key emerging markets like Malaysia, Thailand, Hong Kong, Japan, China, Middle East, Eastern Europe and USA. The company is the exclusive distributor of the upmarket German brand of SieMatic fitted kitchens in Singapore and Brunei. Besides SieMatic, Design Studio also has the sole rights to sell the Italian brand of MAP furniture products in Singapore, Malaysia, Indonesia and Brunei as well as being the distributor and first industrialized fabricator for Dupont’s Corian® solid surfaces products in Singapore.
“..By geographical segmentation, Asia Pacific constituted the highest turnover followed by Europe, North and South America respectively. The Group is also looking to grow its sales channels in countries such as Eastern Europe and South America. Leveraging on our experienced in-house R&D division, Aztech will continue its drive to develop new and innovative products to spearhead Aztech into the forefront of technology in data and voice communications. Looking ahead on cutting-edge technology, the R&D is developing new products that include a low radiation & long-range DECT phone, VDSL2 100Mbps high speed modems, 3.5G wireless broadband adapters, DVB-T settop boxes and 1Gbps Fiber to the Home modems.”
Michael Mun, President and CEO
Aztech Systems Limited