Tat Seng Packaging Group Ltd announced
that on 6 June 2008 the Company has entered into a conditional sale and purchase agreement
(the S&P Agreement) with United Paper Industries Pte Ltd (the Vendor) for the acquisition of the business (Business), fixed assets and stocks of the Vendor (the Assets) (Proposed Acquisition).
The Company has incorporated a wholly-owned subsidiary, United Packaging Industries Pte Ltd (United Packaging), in Singapore with an issued and paid up share capital of S$1 each.
The principal activities of United Packaging are the manufacture and sale of corrugated paper products.
Tat Seng Packaging Group Ltd is one of Singapore's leading manufacturers of corrugated paper packaging products. With operations in Singapore, Suzhou and Hefei, China, we serve a wide range of industries. Our customers include Multi-National Corporations and local manufacturers in electronics and electrical industry, plastic and metal stamping industry, pharmaceutical and chemical industry as well as the printing, publishers and converting industry. Our key products include corrugated paper boards, corrugated paper cartons, die-cut boxes, assembly cartons and heavy duty corrugated paper products.
Global Voice Group announced that it has upgraded its fiber optic network in Düsseldorf (Germany) to meet the ever-increasing networking requirements within and beyond the borders of the state capital. Via this highly improved network, the company will supply a range of new on-demand and bespoke high performance services, such as pan-European datacenter and stock exchange connectivity, to enterprises, carriers and service providers.
Global Voice Group has pre-provisioned over a terabit of capacity throughout their
Düsseldorf and pan-European network to enable extreme performance data services on demand. Düsseldorf’s businesses can now draw down instant connectivity between cities, bourses, datacenters or Internet exchanges with dedicated Ethernet (1GigE to 10GigE), Wavelengths (10G for customer bespoke applications) or IP (multi-homed to deliver true scalability and redundancy).
One of the products which customers are now able to use is datacenter|nex; connecting hundreds of datacenters across Europe at a fixed price. Services are delivered either on demand for instant connectivity across Global Voice Group’s European infrastructure, or over dedicated fiber, which is built and managed exclusively for the customer.
cloud|nex enables Düsseldorf’s businesses to exploit the power of cloud computing, virtualisation, web-services or content delivery through on-demand 1 to 10Gig Ethernet or dedicated fiber between corporate locations and datacenters, core and edge hosting environments. Additionally, cloud|nex provides edge connectivity to the internet, wireless or corporate networks over a scalable, high performance IP network. cloud|nex is pre-provisioned in over 100 datacenters across Europe. With peer|nex, businesses in Düsseldorf can now connect to Internet Exchanges in London (LINX, Lonap), Paris (Panap, Sfinx), Frankfurt (DE-CIX), Dublin (Inex) and Amsterdam (AMS-IX,
NL-ix). The solution is delivered on-demand for instant connectivity. Primarily interesting for financial institutions is trade|nex: on-demand Gig, 10GigE connectivity between all major European Stock Exchanges and clearing houses on a near zero-latency network for next generation automated and algorithmic trading.
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 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 Group’s product set ranges from On-Demand Networking and Solutions to Bespoke Networking. We have pre-provisioned over a terabit of capacity throughout our network, meaning we can deliver solutions such as datacenter, internet exchange or stock exchange connectivity in hours, not months. Global Voice Group, traded as euNetworks in Europe, is headquartered in Frankfurt, publicly listed on the Singapore stock exchange (SGX: H23.SI). Global Voice Group 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.
Raffles Education Corporation Limited (REC) is pleased to announce that Raffles Education China Limited, a wholly owned subsidiary of REC has set up 4 wholly owned subsidiaries in British Virgin Islands known as Raffles China College Group (BVI) Ltd, Tianjin Morgan Investment (BVI) Ltd, Value Vantage Investment (BVI) Ltd and Hefei Wanbo Investment (BVI) Ltd, with an issued share capital of US$1/- each respectively.
Listed on the Mainboard of the Singapore Exchange, RafflesEducationCorp is the largest private education group in Asia. Since establishing its first college in Singapore in 1990, the Group has grown to operate three universities and 19 colleges across nine countries in the Asia-Pacific region: Singapore, China, India, Vietnam, Malaysia, Thailand, Mongolia, Australia and New Zealand. The Group also owns the Oriental University City in Langfang, Hebei Province, China - a 3.31 million square metres self-contained campus. Within this campus, there are 19 colleges with 57,000 students.
Sino Environment Technology Group Limited had, on 3 June 2008, entered into an Equity Swap for 36,856,000 notional Shares for a value of S$67,358,026 to facilitate the issue of the Bonds. The Equity Swap is inter-conditional with the issue of the Bonds.
Under the terms of the cash-settled Equity Swap, our Company’s shares are the underlying notional asset and the scheduled termination date of the swap is 8 July 2013. The payer of the swap is Morgan Stanley & Co. International Plc. and our Company is the receiver. Our Company entered into the Equity Swap to facilitate hedging by the Bond investors (the Investors), thereby broadening the investor base for the offering, increasing investor demand and contributing to the offering's success. We believe the Equity Swap increased the value ascribed by Investors to the equity option component of the Bonds by permitting the Investors to hedge their purchase of the Bonds, resulting in more attractive terms for the Company. Moreover, we believe the Equity Swap permitted this hedging without the initial short selling activity by convertible bond investors that is typically associated with the issuance of a convertible bond.
The Equity Swap is also expected to act as a dilution hedge for our Company in the event that the Investors elect to convert the Bonds, as the profit made by the Company under the Equity Swap in such event would offset, either in part or in full, the dilutive impact of new shares issued upon conversion of the Bonds. Since the Equity Swap is cash-settled, there will not be any shares actually issued or received by our Company pursuant to the Equity Swap. As such, there will not be any impact on the issued share capital or the shareholdings of the shareholders of the Company.
Sino-Environment Technology Group Limited (Sino-Env or the 'Company) and its subsidiaries (the "Group") is an environmental protection and waste recovery solutions specialist in the People’s Republic of China (PRC).The Group's business is split into the following main segments:
- Industrial waste gas treatment, management and recovery of volatile organic compounds ("VOC"), in particular toluene
- Dust elimination
- Industrial waste gas treatment and management of sulphur dioxide (SO2) and oxidised forms of nitrogen (NOx) for independent power plants, in particular coal-fired power plants (desulphurisation and de- nitrogenation)
- Industrial waste water treatment and management
“…The vertical integration into the optical disc business enables the Group to pair up our strength in R&D and process know-how, with the extensive distribution channels and customer contacts of our acquisitions. Riding on the upswing in global demand for recordable discs, we will continue to scale up the production capacity to further maximise the Group’s profit through economies of scale and leverage on the synergistic capabilities of the integrated platform. This excellent strategic fit will enable the Group to further strengthen our competitiveness in the global optical disc industry.”
Executive Chairman and CEO
Anwell Technologies Limited