21 January 2008      
Volume '000 
Weekly movement as at 18 January 2008
HSI 29500DBePW080229
HSI 28000DBePW080131
Weekly movement as at 18 January 2008

Mapletree Logistics: Looks to acquire South Korean warehouse for S$17.7 million.
E3 Holdings: To expand into China in areas of property, infocomm and solar energy.
Pacnet: Focuses on Singapore government's Next Generation National Broadband Network.
Pacific Shipping Trust: Reports that its present fleet of eight ships has increased in value by 15 percent.
ecoWise Holdings: Enters JV with Holcim (Singapore).
Hoe Leong Corp: Takes 60 percent stake in Supreme Energy Pte Ltd for US$600,000.
Genting International plc: To sink additional $200 million in investment for second Singapore IR project.
SembMarine: Ships final 6 container vessels ordered by Taiwan-based Wan Hai Lines.
CapitaLand: Along with NUS sell both their 50 percent stakes in Hitachi Tower.


Asiatic Group: Subsidiary wins another power supply contract worth $14 million in Cambodia.
Samko Timber Ltd: Sets indicative IPO price range between $0.63 to $0.81 per share
Pacific Star Group: Fund proposes $1 billion acquisition of Singapore Power Building.
BH Global Marine: Picked as Asia-Pacific sole distributor by Prysmian Group for irs Prysmian range of marine cables products.
Keppel Land International: Inks MOU with Bellingham to design and construct  premier marinas at Kepland's waterfront properties.
Las Vegas Sands Corp: Draws down $2 billion credit facility to build a casino in Singapore.
Allco: Sees value of 3 Reit properties net a total gain of $121 million.
BBR Holdings: Clinches $6 million contract from LTA to upgrade vehicular bridges in 7 Singapore locations.


Investor Relations Alert

Global Voice Group Deploys High Performance Gaming Platform For Megaspace Internet Services GmbH

Global Voice Group, announced that it has concluded an agreement with managed hosting provider Megaspace Internet Services GmbH (Megaspace). Under the terms of the agreement, Global Voice will deploy IP¦nex – a next generation suite of massively scalable, high-performance IP solutions.

Megaspace, one of the foremost international providers of managed hosting solutions, was facing an ever-increasing demand of online gamblers worldwide. Operating in one of the most demanding and highly sensitive sectors, Megaspace required the utmost levels of scalability, latency and availability in their global IP solution.

Taking these criteria into account, Global Voice designed and deployed IP|nex, a Next Generation suite of massively scalable, high performance, zero-downtime IP solutions comprising Tier 1 IP transit for the fastest, most reliable Internet access in the industry.

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'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 is a member of euro-one, a unique collaboration of fiber optic network providers to deliver infrastructure and next generation networking solutions connecting Eastern, Central, Western Europe and North America (www.euro one.com).

CIT Executes S$100 Million Revolving Credit Facilty

Cambridge Industrial Trust Management Limited (the Manager), the Manager of Cambridge Industrial Trust (CIT), is pleased to announce that CIT's trustee, on behalf of CIT, has entered into a facility agreement with the Hongkong and Shanghai Banking Corporation Limited (HSBC) for a revolving credit facility (the Revolving Facility) up to an aggregate of S$100 million. The Revolving Facility has a term of two years.

Interest payable on the Revolving Facility will be a margin above the Singapore Dollar Swap Offered Rate (SOR) with interest periods of one, two, three or six months at the option of CIT. The facility is secured by the six properties in Singapore acquired by CIT in its successful October 2007 Equity Fund Raising, namely:

  • 1 Tuas Avenue 3
  • 7 Ubi Close
  • 9 Bukit Batok Street 22
  • 120 Pioneer Road
  • 120 Strata Units in 48 Toh Guan Road East, Enterprise Hub
  • 23 Woodlands Terrace

The facility will be used to fund the acquisition of future properties for CIT, including the two properties currently under option, namely 6 Tuas Bay Walk and 21B Senoko Loop, as well as for working capital purposes. The facility is in addition to CIT's existing debt facilities, which are a revolving term loan facility of S$390 million provided by Orchid Funding (Singapore) Limited and an overdraft facility of S$10 million provided by ABN AMRO Bank N.V., Singapore Branch. The Manager's intention in the medium term is to refinance both the existing facilities and the Revolving Facility with a Commercial Mortgage Backed Securities program (CMBS) or other long term financing structure, subject to market conditions.

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 $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.

Liquidation Of Klassno Foods Limited And Express Food And Beverages Limited

Food Empire Holdings Limited (the Company) wishes to announce that Klassno Foods Limited (Klassno Foods) and Express Food and Beverages Limited (Express Food and Beverages), wholly-owned subsidiaries of Future Enterprises Pte. Ltd, which is a wholly-owned subsidiary of the Company, have commenced members' voluntary liquidation.

Klassno Foods and Express Food and Beverages have been dormant since December 2001.

Mr Chow Sheung Bing and Ms. Chau Suk Yee have been appointed as liquidators of Klassno Foods and Express Food and Beverages.

The liquidation of Klassno Foods and Express Food and Beverages are 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 2008.

Food Empire Holdings is a leading food and beverage company that manufactures and markets instant beverage products, frozen convenience food and confectionery. It also has a wholesale business that trades in frozen seafood. Food Empire Holdings' products are exported to over 50 countries in markets such as Russia, Eastern Europe, Central Asia, China, Indochina, Australia and the US. The Group has 18 offices (representative and liaison) in countries including Russia, Ukraine, Kazakhstan, Uzbekistan, Iran, Poland, Turkey, Belgium, Bahrain, Mongolia and Vietnam. Food Empire has more than 200 types of products under its own brands - MacCoffee, Klassno, FesAroma, Bésame, OrienBites, MacCandy, Kracks, MacFood, Zinties and Hyson.

Advanced Holdings Incorporates Subsidiary In Singapore

Advanced Holdings Ltd. (the Company) announced that the Company has incorporated a wholly-owned subsidiary Advanced Resources Holdings Pte. Ltd. (ARH) in Singapore. The principal activities of ARH will be investment holding.

ARH has an issued and paid-up share capital of S$2/- divided into 2 ordinary shares.
The investment in ARH will be funded through the Company's internal resources.

The incorporation of ARH is not expected to have any material impact on the Group's earnings or the net assets for the financial year ending 31 December 2008.

The Group was started in 1993 to create a niche business by combining our engineering expertise in the supply of process equipment and process technologies to cater to the different needs of our customers in the Petrochemicals & Chemicals, Oil & Gas, Power Generation and Micro-electronics industries.

Backed by an experienced engineering team, Advanced leverages on the latest available models and technologies and collborates closely with our principles, most of whom are world-renowned equipment manufacturers and process licensors, to provide customised process equipment solutions for niche applications to its customers. With offices strategically located in Singapore, Malaysia, the PRC (Shanghai and Beijing), Hong Kong, South Korea (Seoul) and Thailand, Adanced is well-positioned to tap into the further growth of these industries in the region.

Asia Water Invests In A RMB330 Million Wastewater Project In Dongxihu District, Hubei Province, PRC With First Series Bond Proceeds

Asia Water Technology Ltd. (Asia Water or The Group), announced that it has invested in a new RMB330 million (approximately US$45 million or S$66 million) wastewater treatment project in the Dongxihu district, Wuhan City, Hubei province, in the People's Republic of China (the PRC), following the successful completion of the first series bond issue of US$30 million to strategic financial investors.

The Group has entered into a concessionary agreement with the Dongxihu district government to jointly invest in the wastewater treatment project. The Build-Operate-Transfer (BOT) contract will involve the construction of a 101 square kilometres drainage network, which includes 73.8 km of sewage pipelines, eight pumping stations and other related facilities. Upon completion, the network will link several key commercial, industrial and agricultural areas in the Wuhan Dongxihu district and the wastewater thus collected will be treated by another of the Group's associated company — Wuhan Hanxi Waste Water Treatment Co.,Ltd. (Wuhan Hanxi), before being discharged into the river. Wuhan Dongxihu has been granted an exclusive license to manage the project for a period of 25 years, including the construction period of approximately 18 months. Both Wuhan Hanxi and Wuhan Dongxihu will charge the Dongxihu district government or related parties a fee for the wastewater treatment and wastewater collection/transportation respectively.

The Group's wholly-owned subsidiary, Asia Water Investments Pte. Ltd. (AWI), together with government-owned Wuhan City Dongxihu District Development Investment Co., Ltd (Wuhan City Development) will incorporate a new subsidiary company, Wuhan Dongxihu Kaidi Waste Water Management Co., Ltd (Wuhan Dongxihu), with a registered capital of RMB100 million (approximately S$20 million) to undertake the Project. AWI will hold a 70% stake in Wuhan Dongxihu with an investment amount of RMB70 million (approximately S$14 million), and Wuhan City Development will hold the remaining 30% stake with an investment amount of RMB30 million (approximately S$6 million).

The Group raised net proceeds of US$25.4 million (approximately RMB185.4 million or S$37 million) from its first series bond issue, which was completed on 13 December 2007. It has utilised US$3.9 million (approximately RMB28.5 million or S$5.7 million) from the said bond issue to repay the outstanding balance of its US$11.5 million (approximately RMB84 million or S$16.8 million) credit facility from Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank), which was granted on 1 September 2005 and RMB70 million (approximately US$9.6 million or S$14 million) to fund the Dongxihu project. The balance of US$11.9 million (approximately RMB86.9 million or S$17.3 million) will subsequently be utilised for additional investments in water projects, financing of the Group's internal restructuring and working capital requirements. Material deployments of the remaining US$11.9 million will be announced periodically in due course.

Asia Water Technology Ltd. provides comprehensive and integrated engineering solutions for water purification and wastewater treatment, which includes engineering, procurement and commissioning of such systems. Leveraging on its in-house expertise in designing high-quality automated control systems, Asia Water procures technologies from international partners to develop complete water treatment systems for power plants as well as large scale municipal and industrial projects. Riding on China's economic growth and increasing environmental awareness, Asia Water is poised to expand its market share in the PRC and fulfil our commitment towards preserving Earth's precious water resources.

Asia Water Secures Third Nuclear Power Plant Water Treatment Project Worth Approximately RMB 59 Million In Liaoning Province, PRC

Asia Water Technology Ltd. (Asia Water or the Group or the Company), a water purification and wastewater treatment specialist listed on the Singapore Exchange, announced today that it has secured a water treatment project worth approximately RMB59 million (approximately S$12 million) for the first nuclear power plant to be constructed in the People’s Republic of China (PRC) which utilises advanced saltwater desalination technology. Slated for operation by the fourth quarter of 2009, the plant will be the first nuclear power plant to be constructed in Dalian City, Liaoning Province. With an initial power generating capacity of 4x 1,000 MW, the plant will be the largest nuclear power plant to be built in the PRC with such capacity in a single phase. The total investment quantum for the nuclear power plant is estimated at around RMB50 billion (approximately S$10 billion).

Due to the scarcity of fresh water in the Hongyan River region, seawater will be the main water source for the nuclear power plant. Hence, the Group will apply advanced seawater desalination technology, based on the double membrane process, in the construction of the water treatment system. This will be the first nuclear power plant water treatment project to be built in the PRC with such a revolutionary system. This will be the Group’s third nuclear power plant water treatment project, with another two projects secured in Shenzhen and Qinshan, and firmly establishes Asia Water as one of the largest contractors for nuclear power plant water treatment system in the PRC.

According to the National Development and Reform Commission (NDRC) during the announcement of its 11th 5-year plan in 2005, the PRC government is planning to increase nuclear power generation capacity from 8.7 gigawatts currently to 40 gigawatts by 2020. This will translate to about another 30 new reactors, pumping power to China’s most important cities, in addition to the nine operating today.

Asia Water Technology Ltd. provides comprehensive and integrated engineering solutions for water purification and wastewater treatment, which includes engineering, procurement and commissioning of such systems. Leveraging on its in-house expertise in designing high-quality automated control systems, Asia Water procures technologies from international partners to develop complete water treatment systems for power plants as well as large scale municipal and industrial projects. Riding on China’s economic growth and increasing environmental awareness, Asia Water is poised to expand its market share in the PRC and fulfill our commitment towards preserving Earth’s precious water resources.

ASL Marine Secures Shipbuilding Contracts Worth S$96 Million

ASL Marine Holdings Ltd. (the Company or ASL Marine) is pleased to announce that the Company’s wholly-owned subsidiary, ASL Shipyard Pte Ltd has secured new shipbuilding contracts worth a total of S$96 million for the construction of seven vessels:

  • 2 units Emergency Response and Rescue Vessels
  • 1 unit Water Injection Dredger and
  • 4 units Rotor®tug of 80 tons bollard pull

All seven vessels are secured from existing European customers. The two units of Emergency Response and Rescue Vessels and the Water Injection Dredger are expected to be completed in 2009. Of the four units of Rotor®tug, three vessels are expected to be completed in 2011 and one vessel is expected to be completed in 2012.

Revenue from these new shipbuilding contracts will be recognised over the contract period in accordance with the Group's revenue recognition policy, which is based on the percentage of completion method. These contracts are not expected to have a material financial impact on the net tangible asset and earnings per share of the Group for the financial year ending 30 June 2008.

ASL Marine Holdings Ltd is a vertically-integrated marine company principally involved in shipbuilding, shiprepair, shipchartering and other marine related services, catering to customers mainly from Asia Pacific, South Asia, the Middle East and Europe. The Group started operations as a trader of scrapped steel material in 1974, and subsequently rode on the 1980s construction sector boom by undertaking building construction works. Guided by its vision to be a key player in the marine sector, the Group undertook ship-breaking activities in 1986 before venturing into shipbuilding and shiprepair - where it successfully constructed its first barge and tugboat in 1988 and 1990, respectively. In 1989, the Group started to tap the growing market for ship chartering by providing charter of tugboats and barges and other marine logistics services. Headquartered and listed in Singapore, the Group owns and operates three shipyards in Singapore, Indonesia (Batam) and China (Guangdong), providing a comprehensive range of marine engineering services including the building and repair of increasingly larger and more sophisticated vessels. Equipped with a fleet consisting mainly of tugboats and barges, ASL Marine has also carved a niche in providing shipchartering services to the marine and offshore infrastructure sector such as dredging and land reclamation, transportation of heavy equipment and materials. 

Reyoung Ups Antibiotics Output With RMB32 Million New Plant

Reyoung Pharmaceutical Holdings Ltd (the Group or Reyoung), a leading manufacturer of pharmaceutical products in China, announced plans to invest RMB 32 million in a new production facility to increase output of non penicillin based antibiotics. Occupying 4,000 square metres, the new facility will be built adjacent to the Group’s Shandong plant and is scheduled to complete in June 2008.

The new plant will raise the Group’s non-penicillin based antibiotics by 20,000 kilogrammes to 63,500 kilogrammes when it reaches full capacity in 2H08. It will house fully shielded clean rooms designed to meet national clinical standards for safe and efficient drug production and furnished with the latest hi-tech laboratory and manufacturing equipments. Capital expenses for the new facility will be financed by a combination of internal resources and external bank loans amounting to RMB22 million and 10 million, respectively.

Cephalosporin based antibiotics accounted for approximately 36% of total antibiotic output and approximately 30% of total pharmaceutical output. Besides antibiotics, the Group also produces Traditional Chinese Medicine (TCM) formulations and other western medicines. Altogether, about 60% of Reyoung’s drugs are listed on the government’s National Medicine Catalogue, which is a list of drugs subsidized by the PRC’s medical insurance fund.

In the third quarter to 30 September 2007 (3Q07), Reyoung reported a 12.1% year-on-year (yoy) rise in revenue to RMB184.5 million and a net attributable profit of RMB19.8 million. Pharmaceutical products segment contributed about 80% of total revenue while the remaining 20% came from its personal hygiene products segment. The Group expects positive contributions from its latest investment starting in 2H08.

Reyoung Pharmaceutical is a leading manufacturer of pharmaceutical products in China. It develops its western medicine (antibiotics, painkillers, vitamins) and TCM formulations in collaboration with reputable research partners. The Group enjoys a strong track record in successfully commercializing its highly rated products, distributed under the Reyoung brand, directly to hospitals, licensed wholesalers, and local pharmacies via its extensive sales network in 29 cities, provinces, and autonomous regions across the PRC. One of Reyoung’s top-selling antibiotics, mezocillin sodium, commands about 80% of the market share for penicillin-based antibiotics. The Group sees great growth potential in cephalosporin-based antibiotics where it intends to maintain its leadership in product innovation and sales. Reyoung believes it is one of the few China groups with the technology to make cephalosporin active ingredients. Leveraging on its strengths in medicinal R&D, Reyoung branched into the design, manufacture and distribution of personal hygiene consumer products in 2002. Its sanitary napkins and disposable baby diapers respectively sold under the Yimoo and Yibei / Tiaopidan brands have since evolved into a household name in China. The Group was listed on the Main Board of the Singapore Exchange in September 2005. In a recent survey by Sino Medical Economics Infonet, Reyoung was ranked 6th for product innovation in China’s pharmaceutical industry.


Shenzhen Sihuan Pharmaceutical Acquires Hainan Xinfucheng Technology Pharmaceutical Co., Ltd. Of Yangpu, Hainan

Sihuan Pharmaceutical Holdings Group Ltd. (the Group) wishes to announce that its wholly-owned subsidiary, Shenzhen Sihuan Pharmaceutical Co., Ltd (Shenzhen Sihuan) has today acquired a 100% equity interest comprising 2,000,000 shares of RMB1.00 each in the capital of Hainan XinFuCheng Technology Pharmaceutical Co., Ltd. (Hainan XinFuCheng). Shenzhen Sihuan will pay the vendors, Zhang Xiao Ming and Zhang Ai Lin, a total cash consideration (the Consideration) of RMB 1.9 million.

The Consideration, which is paid in full on completion of the acquisition, is arrived at on a willing buyer, willing seller basis, and is based on the valuation of the net assets of Hainan XinFuCheng as at 23 July 2007. This valuation was determined by an independent valuer, Hainan Haixin Accountant Affairs Office.

The abovementioned transaction will be funded by internal resources and is not expected to have any material impact on the earnings per share and net tangible assets per share of the Group for the financial year ending 31 December 2008.

A leading pharmaceutical company in the field of cardiocerebral vascular drugs in the PRC, Sihuan Pharmaceutical Holdings Group Ltd focuses on the research and development (R&D), production as well as sales and marketing of cardiocerebral vascular (CV) and noncardiocerebral vascular (NCV) drugs in different forms and dosages.

Sarin Triumphs In Patent Opposition Proceeding

Sarin Technologies announced that the Israeli Patent Registrar rejected OGI Systems’ opposition to its Israeli patent application No. 138347 entitled “Laser Marking on Diamonds”. Equivalent patents have already been granted to Sarin in the United States and Belgium.

The decision concludes a four-year opposition proceeding which Sarin anxiously waited to see resolved. Since Israel is the headquarters and manufacturing center of both Sarin Technologies and OGI Systems, the decision is of great importance to both companies, because having its patent granted in Israel will allow the company to enforce this patent against all infringers in Israel.

The patent registrar’s decision also awarded Sarin Technologies costs and legal fees, to be paid by OGI Systems. According to Israeli Patents Law, OGI may now appeal the decision to the District Court.

Sarin Technologies Ltd deals in the development, manufacture and sale of precision technology products based mainly on automated three-dimensional geometric measurement (metrology) for the processing of diamonds and gems. Our systems combine various hardware technologies, like electro-optics, electronics, precision mechanics and lasers. At the heart of these systems is the computer software that combines three-dimensional modelling and advanced mathematical algorithms. Our products provide smart solutions for every stage and aspect of diamond design and manufacturing, from determining the optimal yield from a rough stone, laser markings for cutting rough stones, measuring and analysing polished diamonds, inscription on polished diamonds to technology that assists sales in jewellery stores. Hence, our products increase the profit margins at all stages of the trade between the purchase price of rough stones and the price of polished diamonds. We believe that over the years, our products have changed the manner in which rough stones are processed into polished ones and in which polished diamonds are bought and sold, and have established a brand name for ourselves in the diamond industry.

Samudera Acquires 2 Bulk Vessels

Samudera Shipping Line Ltd (the Group) is pleased to announce that the Group has entered into contract to acquire two bulk carriers from Korea-based STX Shipbuilding for a total consideration of US$ 97.6 million. The carriers will each have a carrying capacity of 57,700 dwt (deadweight tonnes) and are scheduled for delivery by the first half of 2011. Upon delivery, the carriers will be deployed on time-charter contracts.

The Group currently operates a total of 20 vessels under its industrial shipping division. Of these, five are bulk carriers. The addition of these new buildings will enable the Group to gear up for the dry bulk boom, in view of the upsurge in demand for global resources and will help the Group to better serve its expanding customer base.

The Group had also previously entered into two other separate agreements to purchase three container vessels worth US$ 111.9 million in all. The Group’s aggregate investment in purchase of these 5 vessels – 3 container vessels and 2 bulk carriers, thus stands at US$ 209.5 million.

Samudera Shipping Line Ltd (Samudera) was incorporated in Singapore in 1993. The Company was converted into a public company on 2nd October 1997 when its shares got listed and quoted on SESDAQ. Following an approval from the Singapore Exchange Securities Trading Limited, its shares have been transferred from SESDAQ to the MainBoard, where Samudera's shares are now listed and quoted since July, 2000. Samudera is a regional Container Shipping line serving the Middle East and the Indian Sub-continent in the west, South East Asia and Indo-China at the center and the Far East to the north. This extensive network of services is run from its headquarters in Singapore, with able support from its own offices in Dubai and Mumbai for the Middle East and the Indian Subcontinent operations, Bangkok, Klang and Jakarta for the South East Asia and Indo-China operations, and Shanghai for the Far East operations. Samudera provides feeder services to Main Line Operators between the deep-harbor "hub" ports and the outlying "spoke" ports. It also provides inter-region and intra-region Container Shipping services to the end users, i.e. the manufacturers, buyers, exporters, importers etc.

Asia Environment Enters Into BOT Concession Agreement To Build And Operate A Wastewater Treatment Plant In Anqing City, Anhui Province

Asia Environment Holdings Limited (the Company) wishes to announce that the Company has entered into a Build-Operate-Transfer Concession Agreement (the BOT Agreement) with Lishui County Government to build and operate a wastewater treatment plant in the Anqing Economic Development Zone, Anhui Province.

The project involves the construction of a wastewater treatment plant with a capacity of 10,000 cubic metres aday. The concession period is for 30 years commencing from the date of the commercial operation of the plant. The construction of the wastewater treatment plant is expected to be completed by end 2008. A special purpose vehicle, Anqing Penyao Wastewater Treatment Pte. Ltd., has been established as a wholly owned subsidiary of the Company in PRC to undertake the project.

The construction of the abovementioned wastewater treatment plant will have a positive impact on the consolidated net tangible assets and earnings per share of the Company for the financial year ended 31 December 2008.

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. Since its IPO in 2003, the group has also undertaken Build-Operate-Transfer (BOT) projects in water and wastewater treatment for municipals and townships. Strategically located in Yixing, a government-designated environmental hub in the PRC, we are fully qualified to undertake large-scale turnkey projects. The Group has been awarded a Grade 1 Certificate for Contracting of Environmental Protection Projects and a Grade A Certificate for Special Project Design from the PRC's Ministry of Construction as well as a Grade A Certificate for Project Consultancy from the National Development and Reform Commission and an Operation Certificate for Environmental Protection Facilities Qualification from the PRC's State Environmental Protection Administration. These coveted certificates and qualifications allow the Group to undertake projects of unlimited size and engineering complexity.

World's First OSIM 'Travel Well-Being' Store Takes Off From Singapore Terminal 3

OSIM International Ltd announced the opening of its first Travel Well-Being concept outlet in Changi Airport’s new Terminal 3. ‘Travel Well-Being’ by OSIM brings together a full array of its products targeted at air travelers, featuring innovative travel essentials for travelers’ comfort and wellness. The store is dedicated to the well-being of travelers, and offers a handpicked range of travel innovations catering to their physical, mental and emotional well-being. These innovative and portable items are designed to help make their travel more comfortable – before, during, and after a long journey.

The OSIM store will appeal to virtually all types of air travelers – the holidaymaker, the global nomad, as well as the frequent flyer and discerning business traveler. There is something for everyone, from First Class to Economy, with products providing the ultimate comfort and relaxation for pre, during, and post flight sense of well-being.

OSIM Travel related products available in T3:

  • NAP Travel U-Pillow, NAP Massage Wrap, NAP Cuddle Blanket, NAP Dream Blanket, iPen, iCare 200, iBrush, Hot/Cold Gel Pad, uMoments, iGogo, iTango, uVibe, uMist, Sona Pillow. In addition to the wide range of Travel Well-being products, OSIM’s signature massage chairs and other popular products like uSqueez and iGallop will also be on display and trial. While one can’t take a massage chair home, one can place an order to be delivered to any address in the world. Goods and Services Tax is waived for outbound travelers with boarding passes.
  • The flagship store occupies pride of place in the departure hall amongst other global brands like Bvlgari, Ferrari, and Vertu.

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 four 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 31 countries in Asia, Australia, Africa, the Middle East, United Kingdom and North America.

COSCO Expands Rig-Building Capacity

COSCO Corporation (Singapore) Limited (COSCO or the Company), a leading ship repair & marine engineering and shipping group, is pleased to announce that its 51%-owned COSCO Shipyard Group (CSG) had today signed an investment agreement with Jiangsu Qidong Municipal Government (Nantong, Jiangsu Province) for the expansion of the offshore construction base of COSCO (Nantong) Shipyard Co. Ltd (COSCO Nantong), CSG’s subsidiary.

The new yard is located at the entrance of Yangtze River and covers an area of 2 million square meters along 2 kilometres of coastline. It will focus on offshore projects including the construction of oil & gas related equipments such as semi-submersible rig, jack-up rig and other floaters. Development work on the yard will be carried out in 4 phases. Work on Phase 1 expansion will begin immediately and will complete in about one year. Upon completion of the entire construction, the new yard is expected to have one 120 metre x 120 metre offshore drydock, two skidways and eight berths. It will be capable of handling up to about 6 different kinds of rigs annually.

Listed on the main board of the Singapore Exchange, COSCO Corporation is a diversified group with core activities in shipping and shipping related services. The Group owns bulk carriers and majority stake in the largest shipyard group in China, operates shipping agencies as well as provides marine engineering and ship repair services. COSCO Corporation is the listed subsidiary of China Ocean Shipping (Group) Company, the largest shipping group in China.

OKP Holdings Wins S$7.1 Million LTA Contract To Build Linkways, Upgrade Pedestrian Bridges

OKP Holdings Limited continues to make its mark in the public sector in the new year with its latest win of a S$7.1 million contract from the Land Transport Authority.

The contract, secured through wholly-owned subsidiary, Eng Lam Contractors Co (Pte) Ltd, is for the construction of covered linkways, covers to pedestrian overhead bridges and bus shelters.

Work has started and the works are expected to be completed by mid-July 2010.

OKP is a leading home-grown infrastructure and civil engineering company in the region, specialising in the construction of airport runways and taxiways, expressways, flyovers, vehicular bridges, urban and arterial roads. In the past two years, the company has taken on projects in the Oil and Gas sector, providing civil construction work for petrochemical plants and oil storage terminals.

Banyan Tree Launches Resort In Deserts Of Dunhuang, China

Banyan Tree Holdings Limited (Banyan Tree or the Group) announced that it has signed a Memorandum of Understanding with the Dunhuang Government to deveop and operate a resort at Dunhuang county, in the northwestern Gansu province in China.

Banyan Tree Dunhuang is the latest addition to the Group’s growing portfolio of fifteen resorts and city hotels across China which includes the award winning Banyan Tree Lijina g and Banyan Tree Ringha resorts in Yunnan province.

The initial phase of the development will comprise a Banyan Tree resort and an Angsana resort. Later phases will see the addition of up to three more resorts. The Group will also tap into the site’s spectacular sand dune features to create unique dining and recreational guest experiences for guests. Both the architectural and interior design aspects of the development will be undertaken by the Group’s in-house architectural division, Architrave Design and Planning. The development is slated for completion in 2011.

Banyan Tree Holdings Limited is a leading manager and developer of premium resorts, hotels and spas in the Asia Pacific, with 23 resorts and hotels, 61 spas, 71 retail galleries and two golf courses. We manage and/or have ownership interests in niche resorts and hotels. Each resort typically has between 50 and 100 rooms and commands room rates at the high end of each property’s particular market. We have six operating business segments: hotel investment, hotel management, spa operations, gallery operations, property sales, design fees and others (design and project management, golf course operations and other businesses).

Trek2000 Acquires 20% Equity Stake In Tracer Technology (Suzhou) Co. Ltd.

Trek 2000 International Ltd (Trek2000) today announced that it has acquired a 20% equity stake in Tracer Technology (Suzhou) Co. Ltd., (Tracer) for a cash consideration of US$632,000.

The consideration was arrived at on a willing buyer-willing-seller basis. Following this acquisition, Tracer has become an associated company of Trek2000.

Tracer was established in June 2002 and specialises in manufacturing of high quality precision plastic mould & tooling and sub assemblies for consumer, both for industrial and commercial application. This investment in Tracer is in line with Trek2000's strategy to grow its business in the China market.

Trek 2000 International Ltd, an industry leader, innovator and patent owner of the ThumbDrive® (i.e. USB flash Drive) offers state-of-the-art design solutions ranging from Mobile Media Solutions, Wireless, Anti-piracy, Compression and Encryption to sophisticated Enterprise Solutions all catering to the fast changing digital industry. Trek is represented all over the world and has offices in the U.S., Malaysia, Thailand, India, Hong Kong, Singapore, the Netherlands, China, the Philippines, Vietnam and Japan to serve the rapidly expanding markets in all regions. A public company on the Singapore Stock Exchange (SGX:TREK), Trek 2000 International Ltd is named by Forbes Global as one of the Best Small Companies in the World for 2000 and 2002. Trek 2000 International Ltd is also ranked as the Best Managed Small Company in Singapore by AsiaMoney (of Euromoney).

Trek Introduces SDD Drive

Trek 2000 International Ltd (Trek or the Group) today announced the introduction of the first SSD IEEE 1667 compliant drive in anticipation of the new IEEE 1667 standard that will soon be incorporated into operating systems that are commonly used in computers, electronic and other similar devices.

The SSD Drive provides an option to the commonly used hard disk drive (HDD). It uses the solid-state memory i.e the NAND FLASH and therefore has no moving parts. As such, it is a more reliable device with the ability to deliver higher performance in terms of data transfer and its random read-write performance is significantly enhanced by more than 1,000 times compared to the conventional HDD, which is an optical media and is therefore relatively sensitive.

Trek will be unveiling its IEEE 1667 SSD Drive at the forthcoming CeBIT exhibition planned for the first week of March in Hanover, Germany.

Trek 2000 International Ltd, an industry leader, innovator and patent owner of the ThumbDrive® (i.e. USB flash Drive) offers state-of-the-art design solutions ranging from Mobile Media Solutions, Wireless, Anti-piracy, Compression and Encryption to sophisticated Enterprise Solutions all catering to the fast changing digital industry. Trek is represented all over the world and has offices in the U.S., Malaysia, Thailand, India, Hong Kong, Singapore, the Netherlands, China, the Philippines, Vietnam and Japan to serve the rapidly expanding markets in all regions. A public company on the Singapore Stock Exchange (SGX:TREK), Trek 2000 International Ltd is named by Forbes Global as one of the Best Small Companies in the World for 2000 and 2002. Trek 2000 International Ltd is also ranked as the Best Managed Small Company in Singapore by AsiaMoney (of Euromoney).

Biosensors Receives CE Mark Approval For Its BioMatrix® Drug-Eluting Coronary Stent System

Biosensors International Group, Ltd. announced that the Company has received Conformite Europeenne (CE) Mark approval for its BioMatrix® drug-eluting stent system, enabling commercialization of this product in the European Union and the countries in Asia and Latin America that recognize the CE Mark.

The BioMatrix drug-eluting stent system, developed internally by the Company, consists of a unique drug-eluting stent that incorporates a biodegradable polymer and the Company’s proprietary drug, Biolimus A9®, which inhibits restenosis, or re-narrowing of the arteries, following stent implantation.

Terumo Corporation (Terumo), a licensee of Biosensors’ BioMatrix technology, also announced CE Mark approval for its NOBORI™ drug-eluting stent system. In October 2003, Biosensors and Terumo entered into a licensing agreement that granted Terumo the rights to sell the NOBORI drug-eluting stent system exclusively in Japan and non exclusively in countries outside Japan excluding the United States. Under this agreement, Terumo will share a portion of the revenues from the sales of NOBORI with Biosensors. In May 2007, Terumo commenced the clinical trial of the NOBORI drug-eluting stent system required for Japanese regulatory approvals.

Biosensors develops, manufactures and markets innovative medical devices used in interventional cardiology and critical care procedures. Biosensors is well-positioned to emerge as a leader in drug-eluting stents and has developed a pipeline of next generation products that are set to gain market share from traditional therapies such as conventional Drug Eluting Stent, bare-metal stents and open-heart surgery. Biosensors has internally developed technology to address each components of a drug-eluting stent system, including a stent, a stent delivery catheter, a biodegradable polymer and a proprietary anti-restenosis drug. It has three separate drug-eluting stent programs, BioMatrix®, Axxion™, and BioMatrix® Freedom™, a polymer-free drug eluting stent, and has licensed aspects of its drug-eluting stent technology to four companies.



CEO's Walk The Talk

“..Expansion and growth, however, must not be achieved at the expense of quality and safety. OKP is mindful of this, and we continue to demonstrate this commitment and adhere to the highest level of quality.”

OR Kim Peow
Group Chairman
OKP Holdings Limited

Singapore's Most Promising Company Profile

One of the key challenges facing mankind today is the supply of clean water. Though 80% of the earth's surface is water, less than 1% is suitable for consumption or industrial use.

At Asia Water Technology Ltd, we specialise in driving large scale municipal and industrial projects, offering innovative and effective engineering solutions for water purification and wastewater treatment systems. While we strive for technological excellence, we remain dedicated to the protection of our environment and the conservation of the world's precious water resources.

Growing with the flow
Asia Water Technology was successfully listed on the Singapore Exchange in March 2005 and has been on a growth path since, securing breakthrough projects in the tap water and wastewater treatment business and nuclear power plant water purification arena in the People's Republic of China.

We conduct our business primarily in Wuhan in the PRC through our subsidiary, Wuhan Kaidi Water Services Co., Ltd. (Kaidi Water) which was incorporated in 1996. Kaidi Water provides water purification treatment and wastewater treatment systems through our close working relationships with international partners to ensure the needs of municipals and industries for purified water are met.

To fuel further developments, we carried out three rounds of share placements in 2006. Our EPS was maintained and returns were not compromised. Instead these have significantly propelled our growth and expansion plans.

Waves of Progress
In June 2004, together with three other partners, Asia Water Technology incorporated an associate company which obtained a license to build and operate a municipal wastewater treatment plant west of Han Kou within the Hubei Province (the Hanxi Project). Currently, the wastewater treatment plant serves an estimated population of 600,000, and treats up to 400,000 tonnes of water daily.

In May 2005, we were awarded another RMB 193 million contract for the procurement, installation and commissioning of the wastewater treatment system of this mega municipal wastewater treatment plant.

In the same year, we incorporated another subsidiary in Huaiyuan, Anhui Province, operating a tap water plant, with a daily capacity of 10,000 tonnes per day, under its wing. We also secured a tap water treatment contract worth RMB 111.7 million in Tianmen City, Hubei Province.

2006 proved to be a watershed year for us. We secured a second nuclear power plant contract, while Kaidi Water, invested in a build-operate-transfer project in Linghai City, Zhejiang Province. When operational, this plant will treat the industrial wastewater generated by the nearby Zhejiang Pharmaceutical Park.

In October 2006, we secured a build-own-operate water project worth RMB 256 million in Lv Liang City, Shanxi Province. To be completed by the end of 2007, this plant is expected to supply up to 20 million tonnes of water annually to the region.

We began 2007 with the successful acquisition of Tianmen Kaidi, a tap water treatment specialist in central Hubei Province. This gives us the monopoly of being the sole provider of tap water to the people of Tianmen City.

Making a Splash with Technology
Our in-house research into biochemical wastewater treatment process was given a boost when the PRC and Wuhan City Science and Technology bureaus awarded us a total of RMB 8 million in research grant, covering its total cost. It was a vote of confidence in our technological capabilities as Kaidi Water is one of the only two water treatment companies in China to have been awarded such a grant.

In 2006, the PRC's Ministry of Science and Technology accepted a bio-treatment wastewater research project conducted by Kaidi Water. This new technology will be applied to selected municipal water treatment projects once its patent is approved.

Refreshing Outlook
China's huge appetite for electricity and the increasing need to treat wastewater to curb its water shortages are favourable opportunities for Asia Water's expansion. We are focused on expanding our capabilities for large-scale municipal and industrial projects. While we hold market share in the power plant water treatment segment, we will continue to explore this area as well as source for seawater desalination prospects.

With the flood of opportunities before us, Asia Water is well positioned to ride high on the wave of growth.



Historical Price Data
 Date Open High Low Close

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Historial EPS ($) a
Rolling EPS ($) e
NAV ($) b
Historical PE
Rolling PE f
Price / NAV b
Dividend ($) d
52 Weeks High
Par Value ($)
Dividend Yield (%) d
52 Weeks Low
Market Cap (M)
Issued & Paid-up Units c
a Based on latest Full Year Results Announcement
b Based on latest Results Announcement (Full Year, Half Year or Interim)
c Rounded to the nearest thousand. Updated on 08/08/2007. Please click here for more information.
d Dividend is based on latest Full Year results announcement and excludes special dividend.
e Summation of the earnings from the latest 4 Quarter (or 2 Half Year) results announcement, adjusted for the current number of shares.
f Based on rolling EPS


15 Jan 2008

Asia Water Invests In A RMB330 Million Wastewater Project In Dongxihu District, Hubei Province, PRC With First Series Bond Proceeds

15 Jan 2008

Asia Water Secures Third Nuclear Power Plant Water Treatment Project Worth Approximately RMB 59 Million In Liaoning Province, PRC

15 Jan 2008

Update On Utilisation Of Net Proceeds From Series 1 Bonds Issue

15 Jan 2008

Asia Water Invests In A RMB330 Million Wastewater Project In Dongxihu District, Hubei Province, PRC

07 Jan 2008

Asia Water Expands Foothold In Tianmen City, Hubei Province, PRC, Through Latest Tap Water Project

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