CNA Group Ltd. (CNA or the Group) announced that it has secured multiple core control & automation (C&A) projects worth
RMB60 million in the first quarter of 2008, boosting its China order book to RMB142 million as at end-March 2008 thereby demonstrating the continued growth momentum of its C&A business in that market.
Most of these new projects which are slated for completion in FY2008 are expected to contribute to FY2008 performance. In addition to CNA’s impressive track record and reputation in China, the Group’s concerted efforts to strengthen its position in China through recent technological and business alliances have been the key to CNA’s success in securing prestigious higher value-added projects which include, among others, Rouy Chai International Group’s Hotel and Golf Resort Club House in Beijing, and QingDao HaiEr Moulding Factory in QingDao.
These projects involve CNA as an Extra Low Voltage (ELV) integrator to integrate various functions such as CCTV security system, card access system, conference room system, public address system, car park system and lighting control for facilities and buildings.
CNA Group Ltd. (CNA) 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. In late May 2006, CNA added a new dimension to its business strategy when it acquired a stake in Beijing Herocan Environmental Engineering Tech Co. Ltd (Herocan) a leading one-stop provider of water and waste treatment solutions in China. The move which allowed the Group to springboard into the fast-growing water and environmental sector in China is in line with CNA’s efforts to expand into or invest in businesses with strong growth potential.
Yongnam Holdings Limited (Yongnam or the Group) will form a joint-venture with leading Japanese engineering firm JFE Engineering Corporation (JFE), to undertake a S$50.3 million contract for the construction of the sky park, a one-hectare park set atop the three hotel towers at the Marina Bay Sands™ Integrated Resort. The contract was awarded to the joint venture by Marina Bay Sands Pte Ltd (MBS), a subsidiary of Las Vegas Sands Corp.
With a deck 194.3 metres above ground level, the sky park is located atop the development’s three hotel towers at a width of 38 metres and length of 343 metres, including a 60-metre long cantilever. Upon completion, the sky park will offer an expansive 360-degree view of the downtown, cityscape and skylines of Singapore amid 12,408 square metres of lush greenery, beautifully sculptured gardens, restaurants and facilities such as a spa and swimming pools.
The steel frames weigh approximately 5,200 tonnes. JFE together with Yongnam plans to employ the mega lift method to jack-up the steel frames pre-assembled at the ground level, weighing as heavy as 700 tonnes per piece.
With over 30 years of experience in steel fabrication, Yongnam excels in adding value to steel construction. Its Singapore operations are housed at its mega-site in Tuas. Together with its production facilities in Pontian, Malaysia, the Group has a total annual production capacity of 42,000 tons of steel fabrication. The Group has also purchased a piece of industrial land in Nusajaya, Johor, Malaysia and is currently constructing a new fabrication factory with annual production capacity of 42,000 tons of steel fabrication. The factory is scheduled to commence operation by the first half of FY2008. The Group utilises the latest fabrication technologies and design innovation to offer solutions to its clients on a fast-track basis. Its modular strutting system continues to give the Group a strong competitive edge in meeting increasingly more stringent design and project requirements in infrastructure and construction projects.
HG Metal Manufacturing Limited (the Company) refer to the announcement made
by the Company on 18 January 2007 (the January 2007 announcement), in relation to the lease from JTC of the parcel of land known as Private Lot A0790800 at L0790800 Jurong Port Road in Jurong Industrial Estate (the Land). As stated in the January 2007 announcement, subject to obtaining all necessary approvals, the Company intends to develop the Land for use as a warehouse and manufacturing facility.
The Construction Contract is valued at approximately S$19 million and is not expected to have any material impact on the net tangible assets or earnings per share of the Company for the financial year ending 30 September 2008.
HG Metal Manufacturing Limited was founded in 1971 as a small retailer of steel products. Today, we are one of the leading steel stockists in Singapore, and arguably the first local steel stockist to provide state-of-the-art manufacturing capabilities. At our extensive "one-stop supermarket" stockyard and manufacturing facility, we carry more than 2,000 types of steel products, of various dimensions and for a wide range of industrial and engineering applications. In addition, with over 30 years of experience in steel business, we are confident of meeting, and exceeding, our customers' requirements and expectations in steel products. We source our steel products from cost efficient producers in Turkey, Russia, Ukraine, and other Eastern European countries. While our primary market is Singapore, we also export to Malaysia, Indonesia and other Southeast Asian countries. In 2000, the Group diversified into the manufacturing of steel products through our wholly owned subsidiary, Oriental Metals. We started with the manufacturing of customized flat steel bars and mild steel lip channels, commonly used as roofing support. In mid 2003, we expanded our manufacturing capacity to include pipes and hollow sections through the installation of a new pipe line. With enlarged manufacturing capabilities, HG Metal possesses a distinct advantage over our competitors – that of being more capable of and more completely equipped for fulfilling the customers' stringent requirements for steel products.
Global Voice Group announced that picturemaxx AG (picturemaxx), one of the world’s leading online providers of digital images, has extended their existing contract. Under the terms of the expanded agreement, picturemaxx upgraded the existing storage arrays to form a fully redundant storage and back-up solution. This bespoke solution supports the archiving of picturemaxx’s growing database of digital images and their purchase and transaction to more than 500 newspapers and magazines, advertising agencies and industrial enterprises worldwide.
picturemaxx is one of the world’s leading online providers of digital images for the professional media market. With a rapidly expanding database of images and a burgeoning demand for 24x7 availability, picturemaxx required the highest levels of security and availability for the storing and archiving of in excess of 50 million images and the online purchase of these images globally.
Global Voice designed and deployed a storage and backup solution including highly secure firewalls and extremely reliable internet access. The solution is synchronously mirrored on a private fiber infrastructure between two datacenters, a back-up is operated additionally. The extended agreement sees picturemaxx upgrade the existing storage arrays to a completely redundant, fully mirrored state-of-the-art EVA6100 solution. This bespoke concept seamlessly encompasses all the necessary storage elements and enables picturemaxx with an extended performance up to 200 TB and 99.999% availability.
Global Voice Group is Europe’s foremost provider of mission-critical, extreme performance and capacity data services. We serve large Corporations, Carriers and
Service Providers door2door. All our services are delivered over our wholly owned €1.3 billion pan-European all-fiber optic network. Our infrastructure 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 awarded the prestigious title of “Best New Entrant” in 2006 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 Corporations 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.
China Fishery Group Limited (China Fishery or the Group) announced that it has acquired its eighth fishmeal plant in Peru. For a purchase consideration of US$19.9 million (the Consideration), the Group will acquire the entire issued share capital of a Peruvian company Epesca Pisco S.A.C., which owns one fishmeal plant and three fishmeal depots built on land totalling 80,431 m2 in area (the Acquisition).
With a Peruvian Anchovy processing capacity of 110 tonnes per hour, the new plant is China Fishery’s single largest steam-dried processing facility in Peru. Steam-dried fishmeal is considered a product superior to standard flame-dried fishmeal, and commands a higher market price. With this Acquisition, the Group’s total Peruvian Anchovy processing capacity is increased to 655 tonnes per hour, further reinforcing its market position as one of the largest processors in Peru. The plant is located in Pisco, approximately 231 kilometres south of Peru’s capital, Lima. With most of the Group’s existing plants concentrated in Central and Northern Peru, the new plant will strategically enhance the geographical spread of China Fishery’s fishmeal plants. Under Peru’s current fishing system, increasing plant density along the coast is critical to improving operating efficiencies, as it allows fishing vessels harvesting in the nearby fishing ground to shorten transit and unloading times of raw material. Thus, the Group will be able to reduce turnaround time in its Peruvian Anchovy fishing operations, and also increase its sourcing capabilities from third parties. This, in turn, will optimise utilisation of the Group’s fishmeal processing capacities.
China Fishery, which enjoys a strong cash inflow from its operations, intends to fund the Acquisition from internal resources. The Group has reached an agreement with the seller for payment to be made in seven (7) quarterly installments from June 2008 to December 2009.
Listed on the Singapore Exchange Mainboard on 25 January 2006, China Fishery Group Limited (China Fishery) is a global, integrated industrial fishing company with governmental rights to fish in some of the world's most important fishing grounds. Employing state-of the-art supertrawlers, China Fishery harvests, onboard processes and delivers high quality catch to consumers the world over. In 2006, China Fishery also established fishmeal processing operations in Peru, where it has fishmeal processing plants and purse seine fishing vessels deployed strategically along Peru's coastal areas. Riding on an ever growing global demand for fish, China Fishery is committed to continually securing access to this limited and valuable marine resource, and fulfilling consumer needs through sustainable fishing practices. For FY2007, the Group more than doubled its revenue year-on-year to US$406.0 million and achieved an 84.5% rise in net profit to US$88.5 million.
C&O Pharmaceutical (Holdings) Limited (C&O or the Group) announced that its wholly-owned subsidiary, Shenzhen Liancheng Medicine Company Limited has acquired 100 per cent equity interest in Nanjing Xinaokang Pharmaceutical Limite (NXPL) for a total cash consideration of RMB 40 million
The Consideration was arrived at after arm’s length negotiations between the buyer and seller, on a willing buyer, willing-seller basis, and also takes into account the business and future prospects of NXPL that could complement C&O’s long-term growth strategy. NXPL, a distributor of medicines and health products in Nanjing, has signed up contracts for the procurement of pharmaceutical products for their related pharmacies.
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.
Asian Micro Holdings Limited (AMH or the Company) wishes to inform that the Company has signed a Memorandum of Understanding (MOU) with PT Citra Nusantara Gemilang (PT CNG) to secure an order for 2 units of 25 tons/day of small scale Liquid Natural Gas (LNG) plants from PT CNG worth at least US$9 millions.
PT CNG has selected a site for the potential LNG plants and both parties also wish to consider having a Joint Venture jointly for the production of LNG in Indonesia. The MOU is due to expire on 31st May 2008, to enable both parties to work out the requirements for detailed designing of the LNG plants based on the analysis of gas composition submitted by PT CNG.
PT. CNG is a private limited liability company duly incorporated under the Law of Republic Indonesia, and has interest in purchase, distribution and transportation of natural gas, especially by means of Compressed Natural Gas in Indonesia. PT CNG is the first company to deliver CNG to the industrial end-users in Indonesia and has an existing capacity of 6 mmscfd with business area in West Java, East Java and Sumatera.
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.
KSH Holdings Limited (KSH or the Group) announced that it has secured its first contract from Lippo Marina Collection Pte Ltd (Lippo). The contract worth approximately S$126.8 million is for the construction of Lippo’s luxury condominium housing development, Marina Collection, at Sentosa Cove.
With this additional construction project, the existing order books of the Group’s construction business exceed S$770 million. The unfulfilled contract value for all existing contracts on hand is expected to be completed by December 2010. Kim Seng Heng Engineering Construction (Pte) Ltd (KSHEC), the Group’s 100% owned subsidiary in Singapore, was awared the contract by Lippo for the construction of a condominium housing development with 3 blocks of 4-storey residential flats. The condominium comes with attached attics, a basement carpark, swimming pool and communal facilities.
Construction work is scheduled to commence in April 2008 and is expected to be completed within 26 months.
KSH Holdings Limited is a well established construction, property development and property management group with operations in Singapore, Malaysia and the PRC. Our Group’s principal activities are as follows:- construction in Singapore and Malaysia; and property development and property management in the PRC.
“…We are confident about the outlook for municipal water treatment in China, however administrative peculiarities, project execution difficulties and political risks must be properly addressed. Our experience has shown us they are not insurmountable. For Taiwan, even though margins for civil construction in the municipal sector are supposedly lower, we believe that this is a strategic move to further penetrate the Taiwanese water industry. Barring unforeseen circumstances, our performance for FY2007 is likely to improve significantly.”
Thye Kim Meng
Chairman and Managing Director
Darco Water Technologies Limited