OSIM International Ltd are pleased to announce that it has increased its shareholdings in its subsidiary Global Active Limited (GAL) from 82.76% to 82.77% through cash purchase of shares from minority shareholders of GAL.
The aggregate cash consideration for the acquisition of shares is S$9,120.00 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.
OSIM International aspires to be the global leader in healthy lifestyle products. We intend to enhance your quality of life through our four focuses - Health Focus, Hygiene Focus, Nutrition Focus and Fitness Focus. Currently, OSIM has established an extensive distribution network of more than 500 strategically located stores and shop-in-shops in Singapore, China, Hong Kong, Malaysia, Taiwan, Australia, Brunei, Canada, Indonesia, Ireland, Kuwait, Macau, Philippines, Saudi Arabia, South Africa, South Korea, Thailand, Ukraine, UAE, UK and USA.
Aztech Systems Ltd (Aztech) announced that it has received one of the most coveted design prizes worldwide: the ‘red dot’.
The achievement was for its design concept of LIVE First Aid Suit, a unique idea that transforms conventional perceptions of a rescue tool for the masses. With more than 6,000 entries that spans across 3 different categories (product design, concept design & communication design), the red dot design award is one of the leading and largest design competitions worldwide.
The Aztech team of aspiring designers embarked on the task to conceptualise an intelligent solution, packaged in clean unique design to address a critical need in today’s common emergency situation. Stemming from a exploration of the first aid apparatus that is already on the market, the Aztech’s LIVE First Aid Suit was designed to exceed the basic rescue functional requirements, while adding advanced usability and easier adoption to the form. When an accident happens, time is everything. Immediate attention and first aid are critical to prevent permanent disability and loss of life. The LIVE First Aid Suit offers first aid solutions for different emergencies, but is best catered to give first aid to physical injuries. Integrated with inflatable cell lining, LIVE Suit is equipped with multiple functions with each playing an important role when first aid is required.
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.
Sinopipe Holdings Limited (Sinopipe), announced that it has completed verification of an industrial test bed at a verification meeting convened by the Technology Development Centre of the Ministry of Construction, People’s
Republic of China (the PRC) on 27 September 2007.
Back in August 2002, Fujian Atontech was the only company in the PRC to be nominated to conduct the “Industrial Test Bed for New Technology in Plastic Pipes” by the Ministry of Construction. The industrial test bed was one of the highlights of projects undertaken by the Ministry of Construction, where the focus was upon the implementation of new technology for plastic pipes. For this industrial test-bed project, Fujian Atontech collaborated with Sichuan University, China Agricultural University, Water-saving and Irrigation
Technology Engineering Research Centre in Yangling, as well as the Fujian Province Light Industry Research Centre. The test-bed set out to improve and develop big-diameter lightweight UPVC (unplasticised polyvinyl chloride) double-walled corrugated drainage pipes, HDPE (high density polyethylene) / UPVC spiral pipes, HDPE silicon core pipes, UPVC drainage and water supply pipe fittings, PPR (polypropylene random) pipe fittings and several more advanced product types.
Fujian Atontech had successfully completed scientific research in 12 projects, of which they are considered cutting edge products in the PRC. The test-bed also sought to develop a one-stop integrated service centre ranging from the design, development and mass production of these cutting edge plastic pipes and fittings. An advanced information system has also been developed to continuously consolidate and share information about these latest products within the construction and plastic pipe industries.
Established since 1994, we (Sinopipe Holdings Limited and its subsidiaries) are primarily engaged in the design, manufacture, distribution and installation of a variety of plastic pipes and pipe fittings for use in various types of piping systems and networks in applications such as drainage and sewerage, water supply, telecommunication, power supply, water-saving irrigation and gas supply.
Global Voice Group announced it has signed a contract with DENIC eG for the provision of a private fiber network, premium co-location in Global Voice Group’s datacenter in Amsterdam and dedicated Tier 1 Internet transit capacity. DENIC will utilise this mission critical communications solution to operate the electronic and automated registration platform provided for all domain names under the .de (Germany) domain, and ensure the uninterrupted availability of information and data 24 x 7.
DENIC is the central registry for all domains under the Top Level Domain .de, providing an automatic electronic registration system for administering .de domains. In this capacity, DENIC also runs the name servers for .de domains which provide information that is of crucial importance for the operation of the Internet. The operation of this system requires highly sophisticated technology and the highest levels of availability and security. In order to fulfill these exacting requirements, DENIC demanded a provider of superior Internet Transit and premium co-location. Global Voice was one of the few providers capable of fulfilling these demands and providing the 24 x 7 management necessitated. Under the terms of the agreement, Global Voice will deploy a private fiber network in Frankfurt, redundantly connecting DENIC’s office to their datacenter facilities and exchange points. This highly flexible solution not only enables DENIC with a scalable network for future projected growth but also offers highest levels of availability and security. Global Voice furthermore provided DENIC high standard co-location in Global Voice Group’s premium datacenter facility in Amsterdam.
Additionally, Global Voice will enable DENIC with premium Internet connectivity via a dedicated Gig-e port, with the ability to burst and scale as demanded. DENIC required the highest levels of reliability, redundancy, flexibility and, above all, scalability to cope with the anticipated future growth. Global Voice Group, through its global peering agreements, is uniquely positioned to deliver the highest quality IP Transit connectivity with minimum hop, minimum latency and minimum packet loss all under the highest industry service level agreements.
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 Group’s all-fiber optic network uniquely combines ‘longhaul’ inter-city network linking Europe’s largest economies, with high density ‘last-mile’ metropolitan fiber networks in 15 of Europe’s leading cities. Global Voice 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 Group, traded 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 unique collaboration of fiber providers to deliver infrastructure and next generation networking solutions connecting Eastern, Central, Western Europe and North America.
OSIM Korea, Inc. (OSIM Korea), an affiliate of OSIM International Ltd. (OSIM), announced that on December 6, 2007 it will execute strategic sales and distribution agreement with LG International Corporation (LG), a unit of the LG Group of companies, for the South Korean market.
The agreement covers a range of OSIM’s healthy lifestyle products that will be co-marketed and sold by LG in Korea through various distribution channels.
Established in 2004, OSIM Korea maintains a nationwide network of 13 locations within
Korea’s premium department stores.
SGX mainboard-listed OSIM is a global leader in branded 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.
Its business currently comes under 4 complementary focuses - Health, Hygiene, Nutrition and Fitness. Each focus carries the fundamental theme of well-being, lifestyle and positive attitude. Together, they reflect OSIM's holistic and integrated approach to healthy lifestyle. Today, OSIM operates a wide point-of-sales network with more than 1,100 outlets in more than 360 cities across 30 countries in Asia, Australia, Africa, the Middle East, United
Kingdom and North America.
Asia Water Technology Ltd. (Asia Water or the Company) announced that it has been informed that several of its shareholders (Shareholders) have entered into separate sale and purchase agreements with WH-Water Investment Pte. Ltd. (WH-Water) for the disposal of an aggregate of 6,000,017 ordinary shares, representing approximately 3% of the existing issued share capital of the Company, at S$0.665 per ordinary share, for a total cash consideration of approximately S$4 million.
WH-Water, a company incorporated in Singapore, was recently set up by various middle and senior management staff of Asia Water, including the Company’s Chief Executive Officer and Executive Director, Mr Huang Hanguang and Executive Directors, Mr Wang Yaoyu and Mr Wang Peigang, for the purpose of holding shares in Asia Water, on behalf of the staff.
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.
Swissco International Ltd, a SESDAQ-listed company (Swissco or the Group) announced that its wholly-owned subsidiary, Swissco Offshore Pte Ltd has placed orders for 4 more offshore support vessels worth S$18.5 million including owner supplied equipment.
The first order is for 2 identical units of 26 metre Aluminum Crew/Utility Vessels, placed with a local shipyard which specializes in aluminum shipbuilding. Designed to carry both cargo and offshore personnel, these vessels are expected to be deployed in the region’s oil and gas fields by 1Q09.
Swissco has also ordered 2 other vessels from an Indonesian shipyard. The first unit is a 57 metre Landing Craft (LCT), designed with a 1000-tonne cargo capacity that is fully equipped for oilfield work. The second unit is a 48 metre Multipurpose Accommodation Workboat. This vessel is designed and equipped for work such as diving support, maintenance work and towing, etc to meet the demand for offshore support vessels. Both units are expected to join the current fleet in 1Q09. Funding of these new vessels is expected to be from a mixture of internal funds and bank borrowings. The Group presently operates a fleet of 26 vessels and expects to take delivery of one vessel for the rest of 2007, 11 in 2008 and 9 in 2009.
With a history that dates back to 1970, Swissco is today one of the leading Singapore marine company that provides a modern fleet of offshore support vessels and specialized marine transport solutions to the oil and gas industry within South East Asia and beyond. Our Group also operates tugboats, barges and boats for charter in the Out-Port-Limit (OPL) catering to the ships passing Singapore on route to next ports. Swissco also operates a 3000DWT dockyard and 2 slipways in Singapore with the capabilities to carry out dry-docking and afloat repairs for its own fleet as well as for customers operating smaller to
mid-sized vessels. Swissco received an award for “Most Transparent Company Award 2007” during the SIAS INVESTORS’ CHOICE AWARDS 2007.
Midas Holdings Limited (Midas or the Group) announced that it has signed a Framework Agreement with Aluminum Corporation of China (Chinalco), the largest aluminium producer in the PRC and one of the largest producers of aluminium and alumina in the world. Chinalco is one of the key state enterprises that is directly managed by the PRC Central Government. It is also the parent company of the publicly traded Aluminium Corporation of China Limited (Chalco).
The agreement provides a framework of terms and conditions under which future contracts and projects between Midas and Chinalco will be structured. Under the agreement, both parties will actively explore collaboration in the business development of aluminium alloy plates, sheets and profiles. The 2 Groups will leverage on each other’s competitive strengths and support each other in strategic co-operations that would be mutually beneficial to both parties.
Under the agreement, the first collaboration by both parties will be in respect of China Northeast Light Alloy Co., Ltd.’s (NELA) “thick aluminium alloy plates and sheets project”. Chinalco has a controlling stake in NELA and detailed terms of the collaboration will be finalised at a later date. In addition, Chinalco will also seek collaboration with Midas in the development & investment of aluminium alloy extrusion profiles for rail car bodies.
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 3 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.
Kingsmen Creatives Ltd. (the Company) wishes to announce that the Company has been awarded a contract to fabricate and construct some of the Grandstands and Corporate Suites for the upcoming FORMULA 1TM event in Singapore by Singapore GP Pte Ltd (the Contract).
The Contract is valued at about S$5 million annually, and will run for the next 5 years. The
Contract will commence immediately.
The Contract is expected to contribute positively and materially to the earnings per share and net tangible assets per share of the Company and its subsidiary companies for the next financial year ending 31 December 2008.
Established in 1976, Kingsmen has grown from a local outfit to a regional group with offices in 16 major cities across the Asia Pacific and Middle East regions through its affiliates.
The Group designs and produces exhibits for events, tradeshows and even museums and visitor centres. Kingsmen is also reputed for quality interior design works, and has carved a niche in the mid to up-market retail sector. To provide value-added services to clients, the Group offers integrated marketing communications services, enabling Kingsmen to function as a one-stop-shop solutions provider. Kingsmen's reputation for creative and quality design and production works can be credited to its entrenched design-led, quality and service driven culture. Its ability to offer complete solutions to clients from design to production and marketing promotions is a competitive strength. The Group has a long-standing base of clients including names such as Robinson & Co (S) Pte Ltd, DFS Venture Singapore (Pte) Limited, the Dickson Group, FJ Benjamin Holdings Ltd, Burberry Asia Ltd, Asian Aerospace Pte Ltd and Reed Exhibitions Pte Ltd. Its clients also enjoy overseas support from Kingsmen through its regional network and global connections.
Multi-Chem Limited (Company) wishes to announced that on 30 November 2007 the Company has acquired 230,000 ordinary shares representing 100% equity in M.Tech Products TW Pte. Ltd (M.Tech TW), a company incorporated in Singapore on 23
October 2007, at a cash consideration of S$230,000.
The principal activities of M.Tech TW include the distribution of hardware and software relating to internet and network products and provision of maintenance services for such products.
The acquisition was funded by internal resources. The acquisition is not expected to have any material impact on the earnings per share and net tangible assets per share of the Company for the financial year ending 31 December 2007.
Multi-Chem is a drilling and routing service provider and a distributor of specialty chemicals and materials to PCB manufacturers. Incorporated in 1985, Multi-Chem was listed on SESDAQ in January 2000 and upgraded to the Main Board of The Singapore Exchange in November 2000. Already established in South East Asia, we expanded to Suzhou, China in 2002. In 2003, we expanded into Wuxi, China and commenced the provision of routing services to our customers in both China and Singapore. In 2004, we moved into laser drilling in China which complements our strengths in mechanical drilling and allows us to drill microvia of sizes not achievable by mechanical drilling. In 2006, we expanded into Kunshan, China. We are currently the leading PCB drilling and routing provider, in terms of both capacity and technology, in Singapore, and in the Huadong area in China (Eastern China, in particular, Shanghai, Suzhou, Kunshan and Wuxi regions). In May 2002, we diversified into the business of IT distribution where we carry internet security and network storage products from industry leading vendors.
DMX Technologies Group Limited (DMX or the Group) announced that its Beijing office has been appointed by Beijing Gehua Cable Networks Holdings Co., Ltd. (Beijing Gehua), as a total solutions provider for digital TV broadcast. Beijing Gehua, 1 of the 3 cable operators listed in Shanghai Stock Exchange, is the only cable TV operator in Beijing. Beijing Gehua serves over 3 million subscribers in Beijing, a city of more than 17 million in population. Under this appointment, DMX shall design, supply and implement the total solutions for a digital TV broadcast system, which consist of infrastructure from third party technology vendors together with its own proprietary software solutions - Vision TV – a digital TV middleware and MOSS - a media operation support system.
Branded under BEE MediaSoft, a wholly owned subsidiary of DMX, Vision TV and
MOSS enable Beijing Gehua to offer and manage sophisticated interactive TV services
to their digital TV subscribers. While MOSS provides operation support features such
as services enabling, set-up box provisioning, service billings and subscriber management, Vision TV provides the interactive services architecture. This includes back office management and front-end user interface, through which subscribers can enjoy the interactive value-added services.
Besides the catalogue of interactive TV services such as video-on-demand (VoD), gaming and interactive information services, Vision TV and MOSS are open platform software based on the ISA and NGOSS standards. As such, there is added flexibility for other interactive service platforms from 3rd party service providers to be integrated into the systems of Beijing Gehua, hence expanding the range of their service portfolio and revenue streams.
DMX Technologies is a leading information technology enabler. The Group specializes
in providing integrated IT solutions to enable telecom operators, cable TV operators, mobile operators, media corporations and enterprises to deliver enhanced services to their end-users. The Group’s solutions range from providing service operators and enterprises with network security, network management and optimization, to providing systems that enable digital media services. The Group owns a suite of proprietary software, Digital Video Software, which provides a platform for the delivery of enhanced TV and interactive value-added services over broadband, cable, mobile or other network media. Established in 1999 and listed on the Singapore Stock Exchange, DMX
has built an extensive regional network of offices in Asia, including Greater China,
Indonesia, Korea, Malaysia and Singapore. The Group was awarded the Best Investor
Relations Award 2006, Silver category in the mid-cap category at the Singapore Corporate Awards organized by The Business Times in collaboration with UBS, and supported by Singapore Exchange.
Guangzhao Industrial Forest Biotechnology Group Limited (Guangzhao or the Group) is announced that it has been awarded the license to harvest poplar from its plantations in Jiangxi Province. Guangzhao received
4 licenses from the Gao An City Forestry Bureau of the Jiangxi Department of
Forestry, People’s Republic of China (PRC).
Authorised approval has been given to Guangzhao to commence logging and harvest approximately 55,000 cubic metres of poplar timber across 480 hectares of the Company’s plantations in Jiangxi Province. Harvesting will take about 2 to 3 months to complete. The above harvest and sale of poplar timber is not expected to have a material impact on the net tangible assets and earnings per share of the Group for the financial year ending
31 December 2007 (FY2007).
As pine and poplar are cultivated in 18,600 hectares of the Group’s plantations across 8 provinces in the PRC, the Group will continue to apply for harvesting licenses from the respective forestry bureaus as part of its plans to begin harvesting its biological assets in late FY2007 or early FY2008.
Based in Shanghai, China, Guangzhao Industrial Forest Biotechnology Group Limited (Guangzhao or the Group) is engaged in the tissue culture and propagation of plantlets and saplings, of which its main product is the Guangzhao Fast-Growing Poplar. This unique poplar is able to grow at twice the normal rate and can also thrive in conditions where the soil is arid or saline. Currently, its tissue-cultured poplar is planted in over 18,600 hectares spread across 8 provinces in China for eventual harvest and sale for the pulp or timber industries. Building upon its successful commercialisation of tissue culture for poplar trees, the Group has in recent years begun supplying plantlets and saplings for other plant species both within China and Southeast Asia. These include jatrophas, orchids, tropical fruit such as banana and non-poplar trees such as the Oriental Fir. Established in 1999, Guangzhao was listed on the Singapore Exchange in July 2004. The Group’s founders believe that tissue culture of plants will not only yield commercial rewards for its shareholders and other stakeholders, but will also contribute positively to environmental preservation.
Tiong Woon Corporation Holding Ltd (the Company or TWCH) is pleased to announce that the Company has obtained the commercial
registration license for its new wholly owned subsidiary, TWC Arabia Ltd (TWCA) in Al
Jubail, Saudi Arabia.
TWCA has a paid up capital of 500,000 Saudi Riyals and it shall engage in the execution
of contracts in relation to:-
(i) Installation, lifting, maintenance services for Oil, Gas, Petrochemicals and other Electric Power related projects.
(ii) Marine transportation services.
The capital injection in the new subsidiary was funded from the Group’s internal resources and it is not expected to have any material impact on the consolidated net tangible assets and earnings per share of the Group for the current financial year.
Tiong Woon Corporation Holding Ltd is a specialist and total integrated services provider in heavy lift, heavy haulage and marine transportation mainly serving the Oil & Gas, Petrochemical and Power industries. The Company manages turnkey projects for International Builders and Contractors from planning and design of heavy lifting and haulage requirements to the execution stage in which the heavy equipment is transported, lifted and installed at customers' facilities.
Natural Cool Holdings Limited (Company) announced that its subsidiary, J2 Pte. Ltd., which is 51% owned by the Company’s wholly owned subsidiary, Natural Cool Investments Pte. Ltd., has formed a wholly owned subsidiary known as “J2 Manufacturing Sdn. Bhd.” with an issued and paid up capital of RM$2.00.
The principal activities of J2 Manufacturing Sdn. Bhd. are those relating to trading and manufacturing of furniture.
The formation of the above subsidiary is not expected to have any material impact on the earnings per share or the net tangible assets per share of the Company for the current financial year.
Established in 1989 and listed on SGX-SESDAQ in May 2006, Natural Cool provides installation, maintenance, repair and replacement services for air-conditioning systems to the residential segment, both public and private; and commercial sectors, which include factories, offices, condominiums, schools and hospitals, in Singapore. In addition, the Group sells air-conditioning components and tools used for the installation and servicing of air-conditioning business. The Group also manufactures and sells switchgears through mechanical and electrical (M&E) contractors to public and private property developments. Started in 2003, the Group’s switchgear division designs and manufactures switchgear products customised to meet specific requirements of its customers. In just 4 short years, it has expanded to become a vital part of the Group’s operations. The Group has extended its geographical reach into the region since 2005 and now has a presence in China, India, Cambodia and Vietnam, with over 600 staff regionally.
Autron Corporation Limited (Autron or the Group) announced that the Group had signed the Agreements with CEI Contract Manufacturing Limited (CEI) to divest the Group’s business and assets of its wholly owned subsidiary, I.C. Equipment Pte Ltd, and its 100% equity stake in IC Equipment (Shanghai) Co., Ltd. (collectively, I.C.
Equipment Group), for a total consideration of S$5.1 million (A$4.0 million). I.C. Equipment Group was acquired in October 2002 by Autron at a cost of S$3.0 million (A$3.05 million) and is currently carried in the financial statements at these values. Autron is expected to record a gain of approximately S$1.5 million (A$1.2million).
The total consideration of S$5.1 million (A$4.0 million) is arrived on a willing buyer willing seller basis and is made up of 30% cash consideration and 70% will be by way of shares consideration of the CEI’s 19,833,333 ordinary shares at an issue price of S$0.18 (A$0.14) per share.
I.C. Equipment Pte Ltd was established in 1984, as a company in the high technology business of designing, engineering and manufacturing of Electro-Mechanical modules and machines for different segments of the industry. The proceeds from the disposal will be utilized as working capital.
Autron Corporation Limited is the largest fully integrated supplier and exclusive distributor of assembly equipment and services to some of the world's most recognizable names in the electronics industry today — including Philips, Motorola, Nokia, Acer, Flextronics, Seagate, Haier and more. With an established network of Sales and Service Centres that is reputed to be the most extensive in Asia, a resolute and determined management team, and the confidence and backing of some of the most influential institutional shareholders in the region, Autron Corporation is your ready gateway to the heart of the fastest growing markets in the region today.
Rickmers Trust Management Pte. Ltd. (RTM), trustee-manager of Rickmers Maritime announced the early delivery of the 8th vessel (Vessel) of its initially contracted fleet.
The 4,250 TEU container ship was originally scheduled to deliver from Dalian Shipyard (Shipyard) in China on 31 January 2008. The Vessel, CMA CGM Jade, will commence an 8-year fixed rate time charter to the world’s 3rd largest liner company, CMA-CGM and will be initially deployed in the growing trade route between the Far East and the Black Sea.
RTM has at the same time announced the possible early delivery of the next new building from Dalian Shipyard. The 9th vessel is expected to be delivered within the next month, ahead of the original scheduled date of 1 March 2008.
Rickmers Maritime is a Singapore business trust formed with the objective of owning and operating container vessels under long-term, fixed rate charters to container liner shipping companies. Rickmers Maritime’s asset portfolio, owned, contracted and committed, consists of a fleet of 23 container vessels. The fleet comprises 7 vessels in operation, ranging between 3,450 TEU and 5,060 TEU, and a further 15 contracted or committed vessels, ranging between 3,450 TEU and 13,100 TEU. Rickmers Maritime has also been granted a purchase option on one additional vessel, which is exercisable in January 2008. All of Rickmers Maritime’s vessels have, or will have at the time of acquisition, long-term, fixed rate time charters in place. This allows Rickmers Maritime to maintain stable operating cash flows and high utilisation rates. Managed by Rickmers Trust Management Pte. Ltd., Rickmers Maritime aims to provide its Unitholders with regular quarterly cash distributions. Rickmers Maritime also intends to grow its fleet through accretive acquisitions in order to increase distributable cash flow per Unit.
Bio-Treat Technology Limited (Bio-Treat or the Company) is pleased to announce that it has secured a Build-Operate-Transfer (BOT) project (the Project) in Shishan Town, Nanhai District of Foshan City, Guangdong province in People’s Republic of China (PRC).
The Project involves the construction of a wastewater treatment plant capable of treating up to 50,000 tonnes of wastewater per day. The total investment cost of the Project is estimated to be approximately RMB 60 million and will be funded through the Group’s internal resources.
The Company believes that its success in securing the Project will give it a head start in the wastewater treatment industry in Foshan City which is at in its infant stage. The involvement in the Project will present Bio-Treat with a first mover advantage and pave the way for success in securing more projects in the city. In addition, the Company expects the Project to be profitable and have a positive impact on the Company’s recurring revenue during the period of its ownership. Under the contract relating to the Project, Bio-Treat will operate the wastewater treatment plant for 23 years, which includes the construction period. Thereafter, the plant will be transferred back to the government at nil consideration. Construction of the Project is expected to commence by early next year, and is scheduled for completion 12 months later.
Biot-Treat Technology Limited is principally engaged in:
the development of our proprietary technology, known as ``BMS Biological Process Technology''; and
the application of our BMS Biological Process Technology in:
(i) the provision of our BMS wastewater treatment services, comprising consultancy and design, installation, commissioning and project management of wastewater treatment systems; and
(ii) the development, manufacture and sale of our BMS wastewater treatment and waste management products; and sale of third party waste and wastewater treatment equipment and accessories after undertaking modification processes.
Esmart Holdings Limited (the Company) is pleased to announce that the Group has received a letter of intent from Vuppalamritha Magnetic Components Ltd (VMC) for the Group to supply fixed wireless terminals. The contract amount is expected to be in the region of US$6.9 million to US$7.8 million. Subject to the final technical approval by VMC and other terms and conditions being finalised, the contract is expected to be delivered in 2008.
Established in 1972, VMC is a leading supplier of superior grade magnetic components for the power and telecom applications. VMC has grown into a confident, mature, challenge seeking, techno leader, capable of supplying precision products of high reliability. Being highly recognized in the India market, it has had the privilege of receiving Best Import Substitution Award twice and excellence awards for its contributions to the Component Industry. Esmart focuses on designing and supplying intermediate products for the following segments of the electronics industry, namely:
- Multimedia Infotainment
- Data Communications
- Wireless Applications
- Digital Video Services And Systems
Esmart designs and supplies solutions ranging from designing the entire subsystems of electronic products:
- hardware design, firmware development, and PCB layout design.
- to supplying the main active devices, chipsets and other electronic components.
We collaborate closely with our principals to develop intermediate products for our customers who would otherwise have to commit resources to develop and design their own subsystems, before being incorporated into the electronic products. We have developed subsystems for television, DVD players, GPS / GSM location tracking, video streaming, video surveillance, and video-ondemand end-products. We also distribute electronic components for various principals from the US, Europe, China, Japan, Korea and Taiwan.
“..The elimination of trade quotas in 2005 has created a dramatic transformation to our industry as retailers now have the advantage to consolidate their sourcing base. As an one-stop integrated apparel services provider, we are confident that we have the pieces in place to take on the challenges posed by this transformation. Through our production capabilities, extensive reach and a full suite of integrated Supply Chain Management ("SCM") services from design to distribution, we are able to translate our actions into significant operational excellence to deliver on our promise to our customers.”
Mr Edward Ang
Chairman and Chief Executive Officer
Oceansky International Limited