Cambridge Industrial Trust Management Limited (the Manager), the Manager of
Cambridge Industrial Trust (CIT), has identified 6 Tuas Bay Walk (the Property) to be acquired by CIT at a purchase price of S$7,000,000 (known as the Acquisition).
In connection with the Acquisition, RBC Dexia Trust Services Singapore Limited, as trustee of CIT (the Trustee), has entered into a conditional put and call option agreement (the Option Agreement) with BCT Seafoods International Pte Ltd (BCT), to acquire the Property.
The Acquisition is expected to be financed by debt or alternative funding sources in line with the Manager’s capital management strategy in optimizing the funding of the Trust. The above Property will be accretive to CIT’s distributable income.
Cambridge Industrial Trust (CIT), listed on the Singapore Exchange on 25th July 2006, is Singapore's first independent industrial real estate investment trust (REIT), and a conduit for investors to Singapore's high growth industrial sector. The Trust invests in income-producing industrial properties and has an existing portfolio of 33 properties valued at S$689.3 million. They range from logistics and warehousing properties to light industrial properties, all located across Singapore’s key industrial zones. This provides a secure and stable yield to Unitholders. The management team is anchored by experienced professionals with a breadth of expertise in fund, asset and property management sectors regionally as well as locally.
Asia Environment Holdings Limited (the Company) announced that the Company and its wholly owned subsidiary, Jiangsu Penyao Environmental Engineering Contract Co., Ltd, have successfully won in the tender of the acquisition and expansion of a wastewater treatment plant in Xining City, Qinghai Province, PRC.
The project involves the acquisition of an existing wastewater treatment plant with a design capacity of 85,000 cubic metres/day, expansion of treatment capacity to 135,000 cubic metres/day and an operational concession period of 30 years from the date of completion of asset transfer.
A special purpose company with a registered capital of approximately RMB84 million will be established to undertake the project.
Asia Environment Holdings Ltd is one of the leading integrated water and wastewater treatment solution providers in the People’s Republic of China (PRC). Listed on the Singapore Exchange, the Group offers a comprehensive range of products and services that cover the entire spectrum of water and wastewater treatment, from planning and design to manufacturing and fabrication, construction, installation, operations and maintenance. The Group is also planning to undertake BOT (build-operate-transfer) projects in water and wastewater treatment for industries.
CNA Group Ltd. (CNA or the Group), an award-winning enabler of intelligent buildings and facilities, announced that its control & automation (C&A) business continues to maintain its growth momentum.
Over the last 3 months, the Group has secured RMB75 million worth of new C&A projects in China boosting the Group’s China order book to approximately RMB100 million as at 1st December 2007. The orders which represent Intelligent Building Management Systems (IBMS) implementations for high-end residential and commercial premises are expected to strategically enhance the Group’s business in the high-growth region.
These implementations include prestigious local projects like Phase III of the China World
Trade Centre, Residence 8 at the XinTianDi area (one of the most luxurious condominium developments in Shanghai) and Shanghai Pudong Airport Auxiliary Area Development. In addition, the Group will also be working with internationally renowned developer Capitaland on the Beijing Raffles City project.
CNA Group Ltd. is an award-winning specialist in the provision, design, implementation and maintenance of advanced integrated control and automation systems and IT solutions that enable intelligent buildings and facilities. We are primarily focused in the turnkey development of integrated control and automation solutions, the provision of system maintenance and value-enhancement services and the sale of environmental control and engineering products.
SO NGV Singapore has finished setting up its conversion centre in Singapore at 8 Penjuru Place #01-41 as of 10 December 2007. The conversion centre will be starting vehicle conversion services in the third week of December 2007 for petrol powered cars. The expected fuel savings range between S$0.60 to S$0.70 for every litre of petrol that is replaced by Compressed Natural Gas (CNG).
This set up marks the beginning of SO NGV’s presence in Singapore and the parent company (Asian Micro Holdings Ltd) will be setting up another site in Penjuru or Tuas to carry out Dual Diesel Fuel (DDF) conversion for diesel trucks and tractors.
SO NGV Singapore is presently approved to carry out conversions using e-Gas conversion kits from Italy and is in the process of applying for approvals for the use of another 2 conversion kits (either Italian or Argentina conversion kits). SO NGV Singapore also imports and distributes conversion kits and CNG cylinders with valves for sale to other conversion centres.
Asian Micro Holdings Limited (listed in the SGX-SESDAQ in September 1999) provides recycling and precision cleaning of packaging trays and media/disk cassettes used in the hard disk drive and semiconductor industries in Singapore, China and Thailand. Asian Micro recently invested in Natural Gas Vehicle (NGV) conversion business and is now focused towards setting up a chain of network of NGV conversion centres. Though started only in July 2007, the Company has now set up a total of 6 NGV conversion centres in Thailand, Malaysia and Singapore. The Company also imports/exports NGV conversion kits, Compressed Natural Gas (CNG) engines, CNG cylinders, and CNG vehicles to expedite its growth and revenue. Currently specializing and promoting Dual Diesel Fuel (DDF) conversion for heavy duty diesel trucks, buses and prime movers to run on 50% diesel and 50% natural gas, it has become the alternate key business of the Company. Asian Micro intends to grow itself into an energy company entering the oil and gas sector by specializing in alternative and renewable fuels, mainly in Natural Gas.
Asia Water Technology Ltd. (the Company) wishes to announce that the Company has subscribed for an additional 2,377,649 ordinary shares at an issue price of S$1.00 per share in the share capital of Asia Water Investments Pte. Ltd. (AWI), a wholly-owned subsidiary of the Company, for a total cash consideration of US$1,650,000 (equivalent to S$2,377,649).
Following the subscription of shares, the Company now holds 2,377,650 ordinary shares fully paid up in the share capital of AWI.
The above investment is funded by internal resources and is not expected to have any material impact on the Company’s net tangible assets and earnings per share for the current financial year ending 31 December 2007.
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.
Group Ltd. (AsiaPharm or the Group), announced that its wholly owned subsidiary Nanjing Sike Pharmaceutical Co., Ltd. (Sike) has appointed international pharmaceutical conglomerate Sandoz, a Novartis company (Sandoz), as the exclusive distribution partner in the PRC for its proprietary Parkinson’s Disease drug JinSiPing.
Through this latest agreement, Sandoz will leverage on its sales network to expand JinSiPing’s market penetration and product recognition in the PRC over the next 5 years – with particular focus on major cities such as Beijing, Shanghai, Nanjing and Guangzhou – through marketing, seminars and other promotional activities. Underlining this collaboration is AsiaPharm’s business strategy to expand market coverage of its proprietary pharmaceutical drugs.
Listed as an approved drug under the PRC National Health Insurance Scheme (NHI),
JinSiPing is one of the leading anti-Parkinson’s disease treatment drugs in the country. Clinically proven to be highly effective in the treatment of Parkinson’s disease and senile dementia by increasing dopamine levels in the patient’s brain, JinSiPing is well-received in the PRC, which currently has over 1.7 million afflicted patients.
Established in 1994, we are today a leading specialty pharmaceutical group in the People’s
Republic of China (PRC) focusing on the research and development, production and sale of natural drugs and drug delivery systems. Fully equipped, integrated and GMP-certified, our ultra-modern facilities in Yantai and Nanjing enables us to carry out all aspects of pre-clinical evaluation – from pharmaceutical to pharmacology research, drug safety evaluation and clinical trials – as well as full production of our natural and new DDS technology drugs. AsiaPharm currently employs approximately 140 researchers and has close collaborative relationships with renowned universities and research institutions around the globe to complement its R&D efforts, enabling AsiaPharm to stay at the forefront of specialty pharmaceutical developments. To reach our customers, we have established an extensive distribution network of 35 sales support offices, covering 30 provinces, municipals, and autonomous regions, reaching approximately 2500 hospitals. This is further supported by 500 sales and marketing personnel. In line with our
international expansion strategy, AsiaPharm has established a market presence in Vietnam,
Pakistan and Korea.
Thai Beverage Public Company Limited announced that 3 of its wholly-owned subsidiaries, Beer Thai Public Company Limited, Beer Thai Brewery Co. Ltd and Cosmos Brewery (Thailand) Co. Ltd. have each entered into a barley malt supply contract with a maltster.
In addition, the subsidiaries expect to further enter into contracts of a similar nature with another maltster this month. The contracts will provide a continuous supply of barley malt to the subsidiaries for beer manufacturing for the next 4 years.
The price to be paid by the subsidiaries for the supply of barley malt was formulated based on cost plus and negotiated on normal commercial terms with reference to market price for malting barley.
Thai Beverage is the leading producer of beer and spirits in Thailand by sales revenue and production volume, and one of the leading brewers and distillers in Southeast Asia. The Company's major market is still Thailand, but the Company plans to expand abroad in future.
Global Voice Group announced that it has extended its successful collaboration with German securities trading bank N. M. Fleischhacker AG (Fleischhacker). Under the terms of the agreement, Global Voice will deploy ether|nex, an Ethernet based networking solution in Frankfurt/Germany, enabling Fleischhacker with a platform that ensures smooth trading conditions for their expanding international customer base.
Fleischhacker, one of Germany’s most innovative security trading banks, required a highly reliable and scalable solution to connect their headquarters in Frankfurt with their location at FWB, Frankfurter Wertpapierbörse (Frankfurt Stock Exchange). Global Voice
enabled Fleischhacker with ether|nex, a high availability 10 Mbit Ethernet solution for the
real-time sharing of applications and speedy transfer of data.
Under the terms of the extended agreement, Fleischhacker then upgraded to a 100 Mbit connection to further strengthen their solution of highly reliable networking. ether|nex is deployed over Global Voice Group’s all-fiber optic network, providing Fleischhacker with a highly secure and scalable platform to ensure mission critical communications.
Global Voice Group owns and operates one of Europe’s highest capacity fiber networks
and provides mission critical communication infrastructure and services to large
corporates, carriers, and service providers. Constructed at a cost in excess of €1.3 billion,
Global Voice Group’s all-fiber optic network uniquely combines ‘long-haul’ 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 to deliver
infrastructure and next generation networking solutions connecting Eastern, Central,
Western Europe and North America.
Sinopipe Holdings Limited (Sinopipe) and its subsidiaries (collectively the Group), who are engaged in the design, manufacture, distribution and installation of a variety of plastic pipes and pipe fittings, announced today that its subsidiary, Fujian Aton Advanced Materials Science and Technology Co., Ltd. (Fujian Atontech), a sino-foreign equity joint venture enterprise has raised its registered share capital from RMB 85 million to RMB 170 million. This increase in registered share capital of RMB 85 million was subscribed fully by Sinopipe by way of capitalisation of the amount owing to it by Fujian Atontech.
Foreign funds inflow into the People’s Republic of China (the PRC) for sino-foreign equity joint venture enterprise is restricted based on a limit placed on the total investment amount allowed vis-à-vis the registered share capital. Before the increase in registered share capital, the total investment amount allowed and the registered share capital of Fujian Atontech was RMB 212.5 million and RMB 85 million respectively and the foreign funds inflow allowed was RMB 127.5 million.
With the increase in registered share capital to RMB 170 million, the total investment amount allowed is now set at a higher limit of RMB 510 million and correspondingly, the foreign funds inflow allowed is now raised to RMB 340 million.
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.
Courage Marine Group Limited (the Company) is pleased to announce that the Company’s wholly owned subsidiary, Midas Shipping Navigation Corp., (Midas Shipping) has disposed of MV Midas to Elenbulk Shipping Limited (Elenbulk) for a consideration of US$2,475,000 on 11 December 2007.
The Directors are of the view that the abovementioned disposal is in the best interests of the Company and the Group as the proposed disposal price is favourable compared to current market prices of ships of equivalent age and size and the Group would be able to use the proceeds obtained for working capital and/or other acquisitions, depending on the market conditions and the opportunities available.
At the Group level, the disposal of MV Midas would result in a net gain for the current financial year and the net tangible assets of the Group would also increase accordingly.
Courage Marine Group Limited is a Bermuda registered shipping company engaged in the ownership and operation of bulk carriers, with an optimized combination of Handysize and Panamax vessels (the Fleet). Through our Operation Offices in Hong Kong and Taipei, our Fleet provides marine transportation services and logistical support to our customers, carrying bulk commodities such as cement wood chips, coal, iron ore and minerals. The Company owns ten (10) dry bulk carriers, including six (6) Handysize carriers between 25,000 and 40,000 deadweight tonnes (dwt), and two (2) Panamax vessels of about 65,000 dwt. The total tonnage of these vessels is approximately 414,890 dwt. Handysize vessels have the advantage of being flexible whereas Panamax vessels provide efficiency with their larger capacity. The combination of Handysize and Panamax vessels means that we are able to cope with customers’ needs in a flexible and efficient manner, thereby ensuring higher utilization of the vessels in our Fleet and optimizing return of investment on the vessels. The Fleet operates mainly in Asian waters, including China, Taiwan, and elsewhere in Asia. The Company in turn controls the time per voyage per vessel.
Delong Holdings Limited (Delong or the Group) announced that it had on 13 December 2007 commissioned its Number 7 blast furnace, raising its fully integrated annual HRC production capacity by 25% to 3.0 million from 2.4 million tonnes previously.
With an annual capacity of 800,000 tonnes, Number 7 blast furnace will increase
the Group’s annual molten iron production capacity to approximately 3.3 million tonnes and enable Delong to be fully self-sufficient in the production of pig and molten iron.
SGX-listed Delong Holdings Limited is a steel manufacturing group headquartered in Beijing, People’s Republic of China. Its production base is located 430kilometres southwest of Beijing in Hebei Province, placing it in proximity to raw material sources and an extensive client base encircled by the Bohai Economic Circle. As a dedicated hot-rolled coil manufacturer, Delong specializes in the supply of steel in such specifications for the infrastructure, pipe-making, cold-rolled coil, machinery and automotive industries in People’s Republic of
China. The Group also has interests in other synergistic businesses such as resource investment.
Tutt Bryant Group Limited announced the acquisition of the assets of Melbourne-based Bradshaw Ultra Heavy Haulage Pty Ltd (Bradshaw) This acquisition will substantially increase the capacity of TBG’s Project Services Division, the specialised lift and shift operation of Tutt Bryant Crane Hire. All Bradshaw employees will transfer across to Project Services on completion of the transaction. The operation will continue to trade as Bradshaw Ultra Heavy Haulage.
Bradshaw assets include 44 axle lines of Nicolas platform trailers, 4 heavy duty 200 tonne prime movers, support vehicles, various beam sets ranging from 120 tonne to 500 tonne and a comprehensive selection of hydraulic jacks, stools, jacking and skating systems to move heavy machinery and components. TBG Managing Director David Haynes stated that having an additional platform trailer base in Melbourne will assist TBG’s Project Services to increase its operational presence across Australia.
The Bradshaw acquisition, combined with the separate recent purchase of 28 axle lines of Nicolas platform trailers and the expected delivery in 2008 of a further 44 axle lines (which include some self propelled units) will position TBG’s Project Services as one of the major platform trailer operators in
Australia. The mobility of these assets allows them to be easily deployed from coast to coast. The demand for this type of heavy lift and shift equipment is increasing, especially among the oil and gas producers, power generation companies, wind farms, and processing plants. Suitable resources to move large and heavy equipment are in short supply. The expansion of the Crane Hire Division via the Bradshaw acquisition is in line with the group’s strategic plan to meet the needs of specialised niche markets.
Tat Hong was set up in Singapore in the '70s as a supplier of cranes and heavy equipment Over the years, we have grown and progressed to become one of the biggest companies in the region supplying cranes and heavy equipment to the industries. Tat Hong is currently listed on the Singapore and Australia stock exchange and employs about 700 staff. In the annual survey conducted by UK based publisher "International Cranes", we are ranked the world's 1st largest crawler cranes owner and the 9th largest crane rental company in the year 2003 and 2004. In Asia, we are ranked 1st largest in 2003 and 2004.
“..As part of our growth ambitions, the Group will continue to expand our capabilities in water and wastewater treatment, while aiming to secure and carry out more water and wastewater treatment projects. At the same time, we will leverage on Singapore’s position as a hub to penetrate into Southeast Asia, Middle East and other international markets. We aim to expand our footprint overseas through sale of equipment, providing turnkey projects and services as well as securing overseas water and wastewater treatment projects. We begin to see some results of our overseas efforts with a few orders awarded for equipment sales. We believe that the overseas market can potentially contribute to our growth and development in the next few years. Water is the source of life. This fact undeniably justifies our presence as we move into the future. The management will relentlessly grow our enterprise and be committed in providing excellent water and wastewater treatment services to PRC, and the rest of the world.”
Chief Executive Officer
Asia Environment Holdings Ltd