Darco Water Technologies Limited is pleased to announce that its subsidiary Darco Engineering Pte. Ltd. has concluded a Memorandum of Understanding (MOU) with The Supreme Council for the Environment & Natural Reserves, Qatar, (SCENR).
After the signing of the MOU, the parties intend to work out an agreement for Darco to carry out a feasibility study and prepare a Master Plan to construct Water Recovery Resource Centers (WRRC) to resolve the waste and wastewater issues in Qatar.
The MOU was signed with the primary intention to form a Business Joint Venture (BJV) between both parties in Qatar. The BJV will provide a platform to execute the construction of the various infrastructure projects outlined in the proposed Master Plan. It includes also the management, operation and maintenance of the completed projects, as well as the acquisition of the assets under the plan - WRRC in particular. Subsequently, the BJV will aim to extend its integrated solutions and management services to other Gulf States as well.
Darco Engineering Private Limited (DEPL) recognizes the business opportunity associated with environmental protection in Qatar, is a wholly owned subsidiary of Darco Water Technologies. It has extensive water treatment expertise and whose core business includes providing integrated environmentally friendly solutions for both the municipal and the industrial sectors across Asia.
KSH Holdings secures a contract for the construction of the luxury, boutique Clifford Pier hotel project awarded by Precious Quay Pte Ltd, a wholly-owned subsidiary of Hong Kong-listed Sino Land Limited. Under the terms of the contract, KSH will provide a wide spectrum of services relating to the construction of a 6-storey hotel, including conservation of the single-storey Clifford Pier and the 2-storey former customs harbour branch building.
The Clifford Pier Hotel will be part of Marina Bay’s newest lifestyle hub and will offer a wide mix of complementary uses including F&B, retail and entertainment outlets. Work on the project will be carried out this month and is expected to be completed within 20 months.
This brings the total value of the construction contracts for 2007 so far to S$279 million.
KSH Holdings is a well established construction, property development and property management group with operations in Singapore, Malaysia and the PRC.
Our Group's principal activities are as follows:-
(a) construction in Singapore and Malaysia; and
(b) property development and property management in the PRC.
We act as main contractors in construction projects for private and public sector customers in Singapore and for private sector customers in Malaysia. Our construction businesses in Singapore and Malaysia are carried on by our wholly-owned subsidiary, KSHEC, and our wholly-owned Malaysian subsidiary, Techpath, respectively. Our clients typically include property developers, land owners and governmental bodies.
Our Group has two property developments in the PRC, one being Tianxing Riverfront Square in Tianjin, which was developed by our subsidiary, TTX Real Estate, and the other being Liang Jing Ming Ju in Beijing, which was developed by our associated company, JHTD. Our Group also has a property management arm that manages Tianxing Riverfront Square. Our property management business in the PRC is undertaken by our subsidiary, TTX Property Management.
Inter-Roller Engineering Limited announced that it has received a letter of award from its consortium partner, FKI Logistex A/S to design, supply and install a Baggage Handling System for the New Doha International Airport at a contract value of S$58 million.
Designed for a capacity of 24 million passengers per year, the New Doha International Airport in Qatar will be one of the largest airports in Middle East.
The Project will be completed by September 2009 and it is expected to contribute to the turnover and profitability of the Group from year 2007 to 2009. Including the above contract, the Group has secured a total of S$126.7 million new orders to date this year.
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 System, Air Cargo Handling System, and In-Flight Catering System. 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.
China Healthcare Limited wishes to announce that the Company through its related companies, signed 2 separate Memorandum of Understanding on 7 September 2007 to form joint ventures (1) to develop an international community project and (2) to develop a scenic recreation park, both projects located in the prime districts of Chengdu, the capital city of Sichuan Province, People’s Republic of China.
The first MOU signed with Sichuan Jinse Laonian Development Co. sets out the understanding and intention of the parties to develop an international community project comprising residential properties, hotels and medicare centres in Chongzhou district sited about 1 hour drive from Chengdu City. The total investment of this proposed project is estimated to be approximately RMB100 million. China Healthcare will own a majority stake of 60% with an investment of about RMB60 million.
The second MOU signed with Chengdu Tianli (Group) Co. sets out the understanding and intention of the parties to jointly develop a scenic recreation park located approximately 96 kilometres west of Chengdu City and about 90 kilometres from Chengdu International Airport. The activities to be offered by the Park will include a mountain ski field, forest walk, river rafting, rehabilitation, 5 healthcare and spa centres. China Healthcare together with 2 other Singapore investors will own 60% equity interest in the joint venture, with China Healthcare taking a 42% stake in the joint venture with an investment of RMB30.66 million.
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 presence in Malaysia and China.
Ezra Holdings Limited is currently holding 97,639,962 shares in EOC Limited, constituting approximately 88% of the share capital. The Board of Directors of Oslo Børs resolved to admit the EOC shares for trading on Oslo Børs at its meeting held on 29 August 2007, conditioned upon EOC obtaining a satisfactory number of round lot holders for Oslo Børs, obtaining a satisfactory free float and that the company’s composition of its board of directors is in accordance with the Norwegian Code of Practice for Corporate Governance.
In order to create the necessary free float, the major shareholder, Ezra, will sell a total of up to 44,492,285 shares in EOC through a private placement directed towards institutional and professional investors in Norway and Internationally.
The price for the shares will be determined through a book-building process conducted by Pareto Securities ASA as manager for the transaction. A nonbinding indicative price range has been set from NOK 22.00-24.00 per share.
The book-building period will run from and including 10 September to 19 September 2007. Members of the Board and Management of EOC Limited will order and will be pre allocated a maximum of 4,500,000 shares. Ezra will subsequently own 53,147,677 shares, constituting approximately 48% of the share capital in EOC, subject to all offered shares being sold.
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 Main board on 8th December 2005. It is 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.
Asia Water Technology Ltd. and together with its subsidiaries (the Group) is pleased to announce that the Group has entered into a concessionary agreement with the Wuhan City municipal government to jointly invest in a RMB840 million tap water project (the Project) to provide potable water to over 1.1 million residents in Huang-Pi District, Wuhan City, Hubei Province, in the People’s Republic of China for a period of 30 years.
The Company’s wholly-owned subsidiary, Wuhan Kaidi Water Services Co., Ltd. has incorporated a wholly-owned subsidiary company, Wuhan Huang-Pi Kaidi Water Services Co., Ltd (Wuhan Huang-Pi) with a registered capital of RMB168 million to undertake the Project.
The Project typifies a Build-Operate-Transfer (BOT) contract and the Project value is estimated to be RMB840 million. This Project is part of the 11th Five-Year Plan introduced by Wuhan City municipal government to address water shortages in the region and it will involve the construction of three new water treatment plants, a 982 km piping system, and enhancement to seven existing water treatment plants. Upon completion, the Project can provide up to 253,000 tonnes of potable water daily to the residents of the Huang-Pi District.
Asia Water Technology Limited is a water treatment specialist company, offering total engineering solutions for both water purification and wastewater treatments systems. Asia Water has also invested in a Build-Operate-Transfer (“BOT”) project for a wastewater treatment plant. Working primarily with clients in the power generation and municipal wastewater treatment industries, we are dedicated to the protection of the environment and the conservation of China's precious water resources.
Portek International Limited has made a successful breakthrough into the Central West African market, the first by a Singapore company. The Company announced today that it has secured a 25-year concession to manage two multipurpose ports in the Republic of Gabon in Central West Africa. The two ports are Port Owendo, located in the country’s capital, Libreville, and Port Gentil, located 160 km south of Libreville, where much of the country’s oil exploration and production activities take place. Portek, through its Gabon-incorporated subsidiary, Gabon Port Management SA (GPM) had participated in the tender for the award of the concession to manage Gabon’s two main ports. Participants in the tender had included other international port management companies. The paid up capital of GPM is expected to be S$6 million. Initial investments upon commencement of operations of GPM are expected to be about S$3 million. GPM also expects to finance its further investments from internal cash flows.
Under the terms of the concession agreement, GPM will derive its revenue through fees charged on cargo handled at these two ports and other services rendered to port users. GPM will be responsible for the management, maintenance and investment in infrastructure of both ports. GPM will further employ appropriate IT systems for various aspects of port operation, install security systems, institute best practices and improve overall efficiency, thereby benefiting the port users. Gabon, located along the Equator in Central West Africa, derives much of its GDP from oil, timber and mineral exports. It is a former French colony that gained its independence in 1960 and has a democratically elected government. Its political and social stability makes it an attractive place for investment, and companies often use Gabon as a base for conducting business in the West and Central African region.
Port Owendo and Port Gentil both play a crucial role in the economy of the country, and will assume even greater importance as the country further develops its vast natural resource and industries in the near future. Along with this latest concession in Gabon, Portek has now built up a growing network of ports in the Western Hemisphere including Algeria, and Malta, and will look to expanding this network further in the near future.
The Portek Group is a turnkey provider of equipment, services and solutions for the global port industry, as well as an operator of container and bulk terminals. Portek’s range of engineering activities include leasing and sale of port equipment, modernization, mobilisation, modification, and maintenance of port equipment and facilities, container terminal software, as well as distribution of components and spares. Portek’s port operation portfolio includes terminals in Indonesia, Algeria and Malta. Headquartered in Singapore, Portek operates globally with offices in Europe, USA, Asia, Middle East and Africa.
Technics Oil & Gas Limited announced that its 51%- owned subsidiary, Norr Systems Pte Ltd, has continued to win more contracts for the design and supply of shipboard automation systems from shipyards in China. The combined orders from 4 shipyards for a total of 18 units are worth a total of S$5.25 million and include another batch of repeat orders for 6 units from a core customer, Cosco Zhou Shan Shipyard, as well as a maiden order from a new customer. These orders will be fulfilled and delivered on a progressive schedule basis, of which S$1.38 million worth of orders are due for delivery in July/August 2008 and the balance S$3.87 million for delivery in December 2008.
Norr Systems was set up in 2005 to spearhead the Group’s plans to capitalize on the growing
demand for software-based integrated control systems in the oil and gas and marine industries.
Established in 1990 and listed on the Singapore Exchange SESDAQ since April 2003, Technics Oil & Gas is a one-stop specialist services provider to the oil & gas industries in the Asia Pacific region for both offshore and onshore applications. The Group’s customer base include major oil
& gas companies, builders and operators of oil-rigs, semi-submersibles and floating production storage and offloading (“FPSO”) ships. Technics’ range of integrated services encompasses project management, procurement, mechanical design, engineering/fabrication, testing and commissioning (“EPCC”) of process equipment and topside modules and gas compression systems (authorised integrator for Ariel and Cameron). The Group also undertakes contract engineering of process equipment and subsea structures such as sub-sea high pressure manifolds, sub-sea protective structures and
piping skids; as well as metering skids, mud-gas separators and automation equipment for ships. After-sales support services extend to procurement of spare parts and repair and maintenance. The Group’s two water-front yards located in Singapore and Indonesia’s Batam Island currently extend over 40,000 square metres.
Celestial NutriFoods Limited announced that 2 awards were presented to the Group for its excellence in branding and strong leadership at the Second Asia Brand Ceremony held in Hong Kong on September 9, 2007.
Celestial’s brand “Sun Moon Star” was awarded “Asia Top 500 Brands” for its overall excellence and innovation in branding. Under the “Sun Moon Star” brand, Celestial markets a wide range of soy protein-based health food and beverages in 29 provinces across the PRC, reaching consumers through an extensive network of over 15,000 supermarkets in 150 cities, and supplies a wide range of soy-based industrial products to the food and beverage manufacturers.
In addition, Celestial’s Executive Chairman and CEO Mr. Ming Dequan received the prestigious “Asia Brand People of the Year” award, for his entrepreneurial spirit and visionary leadership. Inclusive of Mr. Ming, there were a total of 11 business leaders granted this award, including Mr. Lee Ka Shing, Chairman of Cheung Kong (Holdings) Limited from Hong Kong, Mr. Bon Moo Koo, Chairman and CEO of LG Corp from Korea, Mr. Jin Zhiguo, President of TsingTao Brewery and Mr. Zhang Rui Min, CEO of Haier Group from mainland China. In a special feature by the awards committee, Mr. Ming was described as China’s “health foods ambassador” and a role model for agricultural players, given his successful modernisation of agricultural development in the PRC. Having developed a successful business, Mr. Ming also plays an active role in the industry, as the Deputy President of China Soybean Industry Association and Deputy President of the Soybean Food Committee of Chinese Institute of Food Science & Technology. Therefore, he is highly regarded as a pioneer and champion of the soybean-based products industry in the PRC. In 2004, Celestial was the only soy-protein based product manufacturer invited by the Daqing Government to jointly develop the Hi-Tech Soybean Zone Phase 1.
Over the past few years, the “Sun Moon Star” brand has enjoyed growing brand awareness and popularity among consumers in the PRC, as a result of its strong emphasis on branding. Through a holistic and diversified advertising and promotional strategy, which includes nationwide and local advertising, as well as innovative sales promotions carried out with its local distributors, Celestial has successfully raised the brand visibility of “Sun Moon Star” and built a loyal following of customers.
Celestial NutriFoods Limited is a leading manufacturer of soybean protein-based food & beverage products with ISO9002 and NQA-certified manufacturing facilities and an annual production capacity of 213,500 tonnes. Its proprietary technology enables the Group to produce soybean powders that is highly soluble with protein concentration that is 20% higher than those found in natural soybean or soybean milk powder. The Group offers both retail and industrial products and sells all its products under the “Sun Moon Star” brand name. Retail products include health food & beverages, lecithin and soybean oil. Health food & beverages, the key product segment, are widely available in 29 provinces in the PRC, covering more than 150 cities and 15,000 supermarkets. Industrial products manufactured by the Group include soy protein isolate, soybean oil, biochemical feedstuff, lecithin and soy functional protein.
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.
Midas Receives “2007 China’s Top Brand” Award
Midas Holdings Limited is pleased to announce that its Aluminium Alloy Division, Jilin Midas Aluminium Industries Co., Ltd (Jilin Midas) has been awarded “2007 China’s Top Brand” by the General Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic of China (AQSIQ). AQSIQ is a ministerial administrative body directly under the State Council of the People’s Republic of China in charge of national quality and other related matters.
For the 2007 awards, the China’s Top Brand Strategic Promotion Committee reviewed a total of 170 product types for excellence in quality and branding. Under the “Aluminium Alloy Materials (Railway Cars Structural Usage)” category, Jilin Midas was awarded the “2007 China’s Top Brand”, which is valid for 3 years.
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 Pearl Line Project, Shenzhen MRT Line 1 Extension Project, Guangzhou MRT Line 3, Tianjin MRT, Nanjing Metro Line 1 Project, Nanjing Metro Line 2 Project, 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 Rail Transport Co., Ltd, to engage in the development, manufacturing and sale of metro trains, bogies and their related parts.
Tiong Woon Corporation Holding Ltd (TWC), through its wholly-owned subsidiary, Tiong Woon Oil & Gas Services Pte Ltd (TWOG), has secured a maiden shipbuilding contract worth a provisional sum of S$64.8 million.
The deal, signed with Norce Offshore Pte Ltd, is for the construction of a derrick pipelay barge scheduled for delivery in December 2008.
Under this contract, TWOG is mainly responsible for building the hull and major sections of the vessel as well as installation of the owner’s supplied equipment at its 64.3-hectare fabrication yard in Bintan, Indonesia.
The 146.3-metre derrick pipelay barge has a gross tonnage of about 25,100 tonnes and it will be equipped with 7025 KW generators, a 1100-tonne marine crane, mooring system and pipelay equipment capable of operating in water depth up to maximum of 200 metres and handling pipes of up to maximum of 48 inches in diameter.
TWC is an integrated services provider for the oil and gas industry, and is a specialist in heavy lift, and installation of process equipments. The company is currently ranked 11th largest crane owning company worldwide by International Cranes, a reputed trade magazine, in its IC50 2007 survey. It currently has 3 business segments – Heavy Lift and Haulage, Marine Transportation and Trading
– all of which recorded good growth in Financial Year 2007. TWC’s yard in Bintan, acquired in November 2006, has a 372metre-long wharf with a natural water depth of 12 metres that can accommodate vessels of up to
120,000MT vessel. It was acquired with a view to supporting its current fleet of heavy lift equipment, tugs and barges, and eventually, to grow a new income stream from fabrication and engineering projects. The yard can be used for the fabrication of platforms for oil rigs, jackets, modules, as well as for building of vessels and barges.
“..We believe that energy exploration and production will move further into deeper waters, as shallow-water, as well as, landbased oil and natural gas reserves decline. Hence, we expect that the demand for better and larger horsepower offshore support vessels will increase. The outlook therefore is positive and encouraging. Ezra remains committed not only to maintaining an ultra-modern fleet of offshore support vessels capable of supporting all kinds of deep-water oil and gas exploration and production work, but also to our fleet expansion programme. We expect our fleet to double within the next 18 months. Our Marine Services Division also remains committed to expanding its capabilities by providing the shipping and offshore industries with services from vessel and structure construction to fabrication, equipment and replacement parts, complete turnkey projects, and manpower supply.”
Lee Kian Soo, Chairman
Ezra Holdings Ltd