C&O Pharmaceutical Technology (Holdings) Limited (C&O or the Group) announced that Changao Investment (BVI) Limited (C&O BVI), a wholly-owned subsidiary og C&O entered into a Joint Venture Structure Agreement with XenoBiotic Laboratories Inc. (XBL) to establish a US Good Laboratory Practice complaint laboratory in Nanjing, PRC and to operate a contract research organization (CRO) in Nanjing and Shanghai that specialises in various preclinical and clinical supporting pharmaceutical and biotech research services.
C&O BVI will hold a 37.5 per cent interest in the joint venture. The investment will be funded by internal resources and is not expected to have any material impact on the earnings per share and the net tangible assets per share of C&O.
Listed on the Main Board of the Singapore Exchange in October 2005, C & O Pharmaceutical Technology (Holdings) Limited (C&O) is an established and integrated pharmaceutical group in China. Our business model spans the entire value chain in the pharmaceutical industry, from research and development, to manufacturing, as well as marketing and distribution of C&O branded and third party pharmaceutical products via an extensive distribution network covering all parts of China. Our product portfolio comprises C&O branded products, imported products (to which we hold exclusive distribution rights) and third party products. Most of our own products are included in the National Health Insurance Scheme, focusing primarily on anti-infection and gastrointestinal drugs, drugs for ageing adults, as well as other specialised drugs. With a strong emphasis on research and development, we continually expand the range of our C&O branded products with a deep pipeline of generic and patented drugs. At the same time, we relentlessly source for new pharmaceutical and healthcare products to be carried under our extensive distribution network in China. With an integrated business model, we offer one-stop solutions to other pharmaceutical companies both in China and outside of China with our Contract Research (CRO) and Contract Manufacturing (CMO) services, as well as product registration and distribution services.
Epure International Ltd. (Epure) is pleased to announce that its subsidiary, Beijing Sound Environmental Engineering Co., Ltd (Beijing Sound), has secured an EPC contract in Xi’an amounting to RMB45 million.
The contract is with Xi’an Huqing Water Co., Ltd (Xi’an Huqing). Xi’an Huqing is a BOT joint venture project in which Epure and Beijing Sound Environment Group Co., Ltd (BJ Sound Enviro) hold 18 per cent and 82 per cent equity stakes respectively. The contract entered into with BJ Sound Enviro is subject to the guidelines and review procedures under the general Shareholders’ Mandate for transactions with BJ Sound Enviro approved on 15 August 2007.
The project is for the construction of a wastewater treatment system with a capacity to treat 30,000 tonnes of wastewater, of which 20,000 tonnes will be recycled for use per day. Beijing Sound’s contract is to construct, fabricate, install, test and commission the equipment for the entire wastewater treatment system. Completion is expected by third quarter of 2009. Taking this contract into account, the order book stands at approximately RMB738 million. This order book is for recognition as revenue, based on the percentage of completion of each project, mainly in 2008. Barring unforeseen circumstances, the project, by itself, is not expected to have a material impact on the net earnings per share and the net tangible assets per share of Epure for the financial year ending 31 December 2008.
Epure International Ltd. is widely recognised as one of China’s leading turnkey water and wastewater treatment solutions providers. Backed by extensive R&D, technical expertise, and a proven track record of over 12 years, it has successfully completed many award-winning large-scale and complex projects in the PRC. The Group develops proprietary water and wastewater treatment technologies and customizes them into effective turnkey solutions for industrial and municipal projects. Epure has a strong marketing network in the PRC, making the Group much sought after for its strong design and engineering project management capabilities. In 2006, Epure diversified into the management of water treatment plants with a 20 per cent stake in Shanghai Chenghuan Water Operation Co. The Group also intends to venture into capital investment, having taken a 15 per cent stake in Anyang Mingbo Water Operations Co. It looks to other BOT and TOT projects for co investment. Both investments were done through Epure’s wholly-owned Beijing Sound Environmental Engineering Co.
Swiber Holdings Limited (Swiber or the Group) announced that it has been awarded a conditional Letter of Intent (LOI) from CUEL Limited (CUEL) for the installation of platforms and pipelines in the Gulf of Thailand for CUEL’s various clients for a period of 5 years.The value of the services is estimated to be in the region of US$50 million per year.
Under the terms of the latest LOI, Swiber’s project scope includes installation engineering, transportation and installation of jackets, piles, topsides and pipelines for offshore facilities in Thailand. The scope also includes the supply of all personnel, equipment and services necessary for the execution of the project work. CUEL Limited is one of the region’s foremost offshore EPC fabrication contractors having executed full EPC and EPCI contracts primarily for operations within the Gulf of Thailand.
The project will commence in Q1 2009 with completion targeted for Q4 2009. This will be repeated for the next 4 years until Q4 2013.
Established in 1996, Swiber is today an integrated offshore Engineering, Procurement, Construction, Installation and Commission (EPCIC) contractor with supporting in-house offshore marine capabilities.
- Offshore EPCIC Services: Leveraging on our strong engineering capabilities, we provide a full suite of EPCIC services which can be customized according to project requirements.
- Offshore Marine Support Services: We charter support vessels, including logistics support, to customers both on a time charter and bareboat charter basis. As at 17 September 2006, we have a fleet of nine operating vessels, comprising five tug boats and four barges.
By integrating our complementary services, we are able to provide customers with one-stop solutions for all the relevant stages of their offshore oil and gas projects.
Led by a team of professional and market-oriented management, Swiber has grown its business due to its quick response to market trends and opportunities. In 2002, Swiber strategically shifted its focus away from pure-play vessel chartering towards offshore EPCIC services. The tactical move augured well for Swiber as offshore EPCIC services, together with the offshore marine support services supporting the EPCIC services, now account for the Group’s main revenue and earnings drivers.
DMX Technologies Group Limited (DMX or the Group) announced its continuing prominent presence at CCBN 2008 - China Content
Broadcasting Network‘s 16th annual Conference - the largest trade show of broadcast and broadband network industry in the region. The three-day exhibition from March 21 to March 23 will be staged at the Chinese International Exhibition Center in Beijing, turning the city into a meeting ground for networking and business opportunities for the world’s digital broadcasting industry. CCBN is the only international exhibition of broadcast, cable and satellite technology and equipment in China. Since the first convention in 1993, CCBN has developed into one of the largest and foremost exhibitions in Asia, attracting more than 60,000 professional visitors and over 1,000 businesses from countries all around the world. With a space spanning an area of 60,000 square metres across 13 exhibition halls, CCBN sees over US$1 billion of business transactions being made each year.
According to statistics provided by CCBN, annual global output of digital TV and supporting industries has been forecast to reach US$300 billion by 2010 and China is expected to be the largest market to contribute to this growth. DMX has been a consistent exhibitor at CCBN for over four years, and will once again participate in CCBN 2008 (Hall 3, Booth 3403). DMX will showcase live demonstrations of their latest developments and solution offerings during this event, including its popular proprietary multi-media software recently adopted by several cable TV operators in China.
CCBN’s findings also show that China has the world’s largest subscriber base in cable TV, currently 130 million and has been rapidly upgrading its digital broadcasting infrastructure. Under the government’s mandate to digitise all broadcast services by 2015, China is forecasted to have over 180 million digital TV household subscribers by 2015. This transition from analog to digital broadcasting is expected to create a market of several billion US dollars. As the country with the largest radio and television audiences in the world, with television audiences standing at a staggering 1.2 billion, China’s transformation into a digital giant will lead to a boom in the digital market business in tandem with the rapid growth of a huge Internet market, where there are currently 200 million users.
DMX Technologies is a leading information technology enabler and provider of a wide range of digital media content, software and solutions. The Group specialises 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 optimisation, to providing systems that enable digital media services. The Group owns a suite of proprietary 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.
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 it has successfully secured a 3-year US$15 million syndicated loan facility (the Loan Facility) from three Singapore banks, namely China Construction Bank Corporation, Singapore Branch (which also acted as the facility and security agent), CIMB Bank Berhad, Singapore Branch and United Overseas Bank Limited, Head Office (collectively, the Lenders).
The interest rate for this Loan Facility is set at 1.5 per cent per annum over and above the three months US$ LIBOR (London inter-bank offered rate for United States Dollars). The Loan Facility will be used to refinance part of the Group’s existing debts which have been borrowed from PRC lenders at higher interest rates, as well as to expand the Group’s working capital base.
The Loan Facility is secured by Sinopipe and its subsidiaries, namely, Best Connect Resources Limited, One Sea Development Ltd. and Eagle Super Associates Limited collective 99.1 per cent shareholding interest in Fujian Aton Advanced Materials Science and Technology Co. Ltd. The Loan Facility is also guaranteed by Best Connect Resources Limited, One Sea Development Ltd. and Eagle Super Associates Limited and the Lenders shall have the right to retain the Guarantee for a period of 6 months after the Loan Facility has been completely discharged. In addition, Sinopipe’s Executive Directors, namely, Mr Chen Li Hui and Mr Chen Que, together with the Non-Executive Director, Mr Kusnadi Lybianto, have undertaken whether directly or indirectly, not to own less than 20 per cent shareholding interest in Sinopipe and to form the single largest and controlling shareholding group in Sinopipe throughout the term of the Loan Facility.
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.
We have 10 production facilities located across the People’s Republic of China (the “PRC”) and we sell our products through a distribution network comprising eight subsidiaries, nine branch offices, three independent provincial distributors and various independent sub-distributors with smaller geographical coverage within the PRC. Our products are sold under our registered brand names of “Aton” and “SUN”. Aton targets at the higher-end market while SUN caters to customers from the rural areas or projects with lower budget.
We carry a wide range of plastic pipes and fittings, of which more than 20 of our products have obtained the “New Product and New Technology” certification from the relevant provincial and national authorities in the PRC. We undertake our own research and development and hold more than 36 registered patents with the State Intellectual Property Office of the PRC for the technological know-how for our products.
Anwell Technologies Limited (Anwell or The Group), the world’s only vertically integrated optical disc equipment maker with a disc-manufacturing arm, has sold their Blu-Ray Disc (BD) replication system – Smart BD to US Listed InfoSmart Group, Inc (InfoSmart). The BD system will be installed in InfoSmart’s Hong Kong plant - making it the first Blu-Ray Line in commercial use in China and Hong Kong.
Anwell and InfoSmart have also agreed to collaborate and leverage on each other’s strengths. They will share the Blu-Ray disc manufacturing process know-how with each other. In addition, InfoSmart will allow Anwell’s potential customers to view the machine in action.
Anwell and InfoSmart are poised to benefit from the conclusion of the optical disc format war between Sony’s Blu-Ray and Toshiba’s High Definition DVD (HD-DVD). On February 19th 2008, Toshiba announced that it had bowed out from the format war. According to research firm Understanding & Solutions, it is estimated that global demand for Blu-ray discs are expected to increase from 0.13 billion in 2007 to over 1.5 billion in 2011.
In addition, continuous consolidation of the optical disc equipment industry in Europe may further entrench Anwell’s position as a market leader within the industry. Taken together its decision to vertically integrate and diversify its operations into the manufacturing and distribution optical disc products, the Company is set to fan out and strengthen its foothold in the optical disc manufacturing industry.
Anwell Technologies Ltd. (Anwell) is a global leader in providing integrated solutions for optical disc replication business. The Group’s activities include the design, manufacture and sales of integrated optical disc replication systems and peripherals. Besides providing customers with the necessary technical expertise, business knowledge, production systems and service support, Anwell is also involved in the trading and manufacturing of blank optical discs. Currently, Anwell has business relationships with over 120 optical disc replicators all over the world.
WesTech Electronics Limited (WesTech or the Group) announced that it has been awarded the Global Trader Programme (GTP) status by the Ministry of Trade & Industry, for a period of 5years from 1 January 2008 onwards.
By clinching this GTP status, WesTech will partner the International Enterprise Singapore Board (IE Singapore) in facilitating international trade. Besides raising the profile of WesTech, income derived from qualifying trading transactions of approved products by the Group will also enjoy a concessionary rate of 10 per cent.
To crystallize a vision of delivering enhanced electronics solutions through focused management expertise, good market knowledge, efficient logistic capabilities and a strong entrepreneurial spirit, WesTech Electronics was first incorporated in Singapore in March 1986. Starting out as a distributor and manufacturer’s representative for electronics products in Singapore and the region, the company has since expanded its business scope to include systems integration and consultancy for turnkey electronics solutions. The company’s ongoing mission is to provide outstanding value, service and quality to delight its customers. This is exactly what WesTech Electronics has endeavored to accomplish since its incorporation, a trait that continues to stand it in good stead in the course of all its business dealings.
HG Metal Manufacturing Limited (HG
Metal or The Group), one of the largest steel stockists in Singapore and Southeast Asia, and
Novo Group Ltd. (Novo), a global steel supply chain management company with integrated value-added services, are pleased to announce that HG Metal and a subsidiary of Novo, have entered into a strategic cooperation to facilitate steel operations in Singapore.
Under the Memorandum of Understanding (MOU), which is legally non-binding in nature and is subject to the execution of a definitive agreement within three (3) months from the date of the MOU by the parties, Novo will make provisions to HG Metal on at least a combined total 156,000 metric tons per year on various steel products. These include steel products such as hot rolled plate, ship plate, hot rolled sheet, deformed steel bar, angle and channel products.
Founded in Hong Kong by two highly experienced steel traders, Mr Dicky Yu, Executive Chairman, and Mr Mark Chow, CEO, Novo is a dynamic company, with a turnover of over US$300 million, which recently completed its reverse takeover (RTO) of SGX SESDAQ-listed Neocorp International Ltd. The latter had been under judicial management since 2005. Upon the relisting of Novo’s shares, targeted on 2 April 2008, Novo will become a SGX Mainboard listed company.
HG Metal and Novo recognize mutual benefits for both parties in their partnership based on their operational advantages. As Singapore’s largest steel stockist, HG Metal will be able to secure an additional committed source of steel products, while on the other hand, Novo will be able to leverage on HG Metal’s local network for the distribution of its products.
HG Metal is a premier stockist and manufacturer of steel products. With more than 30 years in the steel business, HG Metal offers more than 2,000 different types of steel products of various dimensions for a wide variety of industrial and engineering applications. With their “one-stop supermarket” strategy, HG Metal is able to satisfy the needs of their customers with one visit to their extensive stockyard and manufacturing facility.
HG Metal has also differentiated itself from its peers in its strategic move to custom-manufacture steel products. HG Metal currently manufactures customized flat steel bars in a wide variety of engineering processes and mild steel lip channels commonly used as roofing support in commercial and industrial buildings. The Directors believe that HG Metal is the only steel stockist in Singapore with such manufacturing capability. This gives HG Metal a distinct competitive advantage against their competitors, as they can fulfill their customers’ requirements more quickly and completely, especially for specifications that are not readily available in the market.
Swissco International Limited (Swissco or the Company) wishes to announce that Company has set up an associated company known as P.T. Swissco Indonesia (P.T. Swissco), in Indonesia.
The Company holds 49 per cent in the share capital of P.T. Swissco. The balance 51 per cent of P.T. Swissco is held by local Indonesian partners.
The initial paid-up share capital of P.T. Swissco is U$300,000.00 consisting of 300,000 shares of US$1.00 each. The principal activity of P.T. Swissco is that of ship owner and ship operator.
Swissco International is a Singapore-based marine service provider for the shipping and offshore Oil and Gas industries. With vessel deployment spanning from Indonesia, Malaysia, Vietnam and Thailand-even as far as East Africa, Japan and Russia-our Group is renowned for providing complete marine and shipping solutions to a wide variety of customers. Our Group owns and operates a young fleet of offshore support vessels, OPL boats, tugs and barges. Our investments also include a private waterfront facility that handles fabrication and warehousing in Singapore; a ship repair yard with a 3,000 DWT and two slipways which has the capacity to provide dry dock and afloat repairs for mid-sized support vessels.
Kingsmen Creatives Ltd (Kingsmen or the Group) announced that it has been awarded a S$14.5 million contract by Resorts World at Sentosa Pte Ltd to fabricate and construct show sets and props for the Waterworld Attraction for RWS Universal Studios Singapore.
A subsidiary of Singapore-Exchange listed Genting International, Resorts World at Sentosa is a collection of resorts and attractions spanning 49 hectares. The S$6 billion mega-resort will be home to Southeast Asia’s first and only Universal Studios theme park, the world’s largest oceanarium and the region’s first integrated destination spa.
The Group’s contract for the Waterworld Attraction is expected to be completed by September 2009 and will contribute positively and materially to the earnings per share or net tangible assets per share of the Group and its subsidiary companies for the financial year ending 31 December 2008 and 2009.
Listed on the Singapore Exchange in 2003, Kingsmen is a leading communications design and production group in Asia Pacific and the Middle East. Established in 1976, its four business segments comprise Exhibitions & Museums, Retail & Office Interiors, Research & Design, and Integrated Marketing Communications. Kingsmen offers a “one-stop-shop” solution through a vertical and horizontal integration of services, giving their clients the benefits of convenience and cost savings. Building on its design-led, quality and service-driven culture, the Group has established a visible brand name that is synonymous with creative and innovative solutions. Together with its affiliates, Kingsmen has a regional network of 16 offices and full service facilities in Asia Pacific and the Middle East. The Group has a long-standing base of clients from diverse industries including well-known names such as BMW, Burberry, DBS Bank, Dickson Group, Esprit, FJ Benjamin, Gucci, Nokia, Robinsons Group (including John Little and Marks and Spencer), Tiffany and Wing Tai.
AusGroup Limited (AGL or AusGroup or the
Group), announced that it has secured a new contract amounting to approximately A$26 million.
AusGroup secured the new contract from a global mining & resources firm to fabricate, supply and install structural, mechanical, piping and electrical systems for a new iron ore facility in Western Australia.
The work is scheduled to commence in May 2008 and will be completed by Nov 2008.
AusGroup Limited is a mainboard-listed energy & resources specialist. It is primarily based in Australia, where it is a dominant player in the supply of total engineering solutions, which includes fabrication, mechanical installations and maintenance. Being involved in the building, maintaining and upgrading of infrastructure, plant and equipment used in the extraction and processing of energy & resources, AusGroup is well positioned to benefit from the increasing capital investments in these industries. Through its acquisition of Cactus Engineering, AusGroup has established a presence in Singapore, which will be used as a platform to more regional growth.
Asia Enterprises Holding Limited (AsiaEnterprises or the Group) announced that the Group has been awarded the Global Trader Programme (GTP) status by International Enterprise Singapore (IE Singapore).
The GTP status is awarded by the Singapore government to major companies that use Singapore as the nerve centre for their principal business to conduct substantial offshore trading. To be selected for the GTP, companies have to be well-established international players in their industries and responsible for international trading, procurement, distribution and transportation of qualifying commodities and products.
With the GTP status, the Group will benefit from significant tax savings as it will enjoy a concessionary tax rate of 10 per cent on qualified offshore income for the next three years.
With roots that date back to 1961, Asia Enterprises Holding Limited is a major distributor of a wide range of steel products to industrial end-users in Singapore and the Asia-Pacific region. Over the past 33 years, our Group has successfully expanded its product range and enhanced its value-added services to offer a ‘one-stop' solution to its customers. Today, we supply over 1,200 steel products to more than 600 active customers involved primarily in the shipbuilding and marine-related activities, oil and gas, construction, as well as the precision metal stamping, manufacturing and engineering/fabrication industries. To complement our steel distribution business, our Group also provides value-added precision steel processing services through our steel service centre, which is a joint venture with Marubeni-Itochu Steel Inc. The Group was listed on the Main Board of the Singapore Exchange Securities Trading Limited ("SGX-ST") on 1 September 2005.
Natural Cool Holdings Limited (Company or Group) announced that its subsidiary Natural Cool Investments Pte. Ltd. (NCI) has today entered into a Memorandum Of Understanding (MOU) With Cambridge Industrial Trust Management Limited (MIT) for the proposed sale and leaseback of the Group’s designated new headquarters at Tai Seng Street/Tai Seng Avenue (Property).
At the Extraordinary General Meeting held on 9 November 2007, approval had been sought from the shareholders of the Company on various transactions including the proposed sale and leaseback of the Property and other transactions related thereto. Under the terms of the MOU, NCI and MIT (collectively the parties) shall conclude the Option Agreement for the proposed sale and leaseback of the Property at the purchase price of S$55.20 million (exclusive of goods and services tax) and subject to other conditions set out in the MOU. Upon exercise of the put/call option, the parties shall enter into a Sale & Purchase Agreement and the completion of the proposed sale and leaseback of the Property shall take place on the same day. Upon completion, NCI will leaseback the Property from CIT for seven years, with an option to renew a further term of three years at an annual average rent of $3.93 million for seven years.
The sale of the Property is in line with the Group’s efforts to adopt an asset-light strategy. The proceeds from the sale of the Property will be used as working capital to fund the Group’s future growth and expansion.
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.
Rickmers Trust Management Pte. Ltd. (RTM), the trustee manager of Rickmers Maritime, announced that it has today signed conditional memoranda of agreement (MOA) to acquire the previously announced 13 new container vessels from Polaris Ship management Company Limited (Polaris). The MOA follows preliminary agreements (MOUs) concluded with Polaris to acquire the new vessels, which were announced on 16 August 2007, 12 September 2007 and 11 October 2007.
The acquisitions will increase Rickmers Maritime’s fleet of ships from an initial portfolio of 10 vessels to 23 vessels, boosting its total contracted fleet capacity by over 220 per cent. This underscores Rickmers Maritime’s strategy to increase distributable cash flow through accretive acquisitions. Rickmers Maritime expects to increase distributions per Unit as the vessels are delivered.
Five 4,250 TEU vessels will be chartered to Mitsui O.S.K. Lines, Ltd., four 4,250 TEU vessels to Hanjin Shipping Co., Ltd., while the balance of four 13,100 TEU vessels will be chartered to A.P. Møller-Mærsk A/S. Scheduled to be delivered between 2008 and 2010, these modern and highquality vessels will commence service upon deliver with long term, fixed-rate time charter contracts of between seven and 10 years.
The aggregate purchase price of US$1.35 billion is a discount to current valuations and will be paid upon delivery of the respective vessels to Rickmers Maritime. The vessels were offered to RTM as part of the Right of First Offer Agreement1 with the Rickmers Group. The purchase of the Vessels will be an interested person transaction under the Listing Manual of the Singapore Exchange Securities Trading Limited and is subject to the approval of Unitholders at an extraordinary general meeting, to be convened. A circular in relation to the acquisition containing more detailed financial information, a notice of the extraordinary general meeting and the recommendation of the audit committee will be dispatched to Unitholders in due course.
Rickmers Maritime is a Singapore business trust (Trust) formed to own and operate container ships under long-term, fixed-rate charter contracts to leading container liner shipping companies. Its objectives are to offer first class services to its customers, grow the fleet, provide stable and growing cash flows and maximise value for its Unitholders.
Managed by Rickmers Trust Management Pte. Ltd. (Trustee-Manager), the Trust aims to provide its Unitholders with regular quarterly cash distributions, while reinvesting a portion of its operating cash flow, to ensure long-term growth and sustainability of the Trust. Rickmers Maritime is sponsored by the Rickmers Group, which is based in Hamburg, Germany. Rickmers Group was founded and is controlled by Mr. Bertram R.C. Rickmers, whose family has more than 170 years of experience in the shipping industry.
Sarin Technologies announced that its subsidiary, Sarin Polishing Technologies, was granted a patent (South African patent 2006/3574) in South Africa for its invention of the disposable polishing disc.
Equivalent patent applications have been filed in additional countries. This patent is part of Sarin Technologies’ ongoing strategy to protect its intellectual property rights in all regions of interest to its business worldwide.
Established in 1988, SarinTechnologies is a worldwide leader in the development and manufacturing of advanced planning, evaluation and measurement systems for diamond and gemstone production.
"…In the highly competitive technology industry, change is an inevitable consequence due to shifting trends that are constantly pushing and pulling the global markets. To be in a better position for success in the long term, it is imperative that companies not only embrace this natural evolution, but also have the foresight to identify and seize the many opportunities that come along. Indeed, this is exactly the progressive mindset that we have adopted at ElectroTech Investments Limited as our management is fully committed to ensuring that the Group remains at the top end of the echelon. We believe this unwavering stance towards achieving world class excellence will lead to the Group's long term success and ultimate value enhancement for our shareholders."
Dato' Larry Low Hock Peng
Electrotech Investments Limited