Enviro-Hub Holdings Ltd. (the Company) wishes to announce the incorporation of a wholly owned subsidiary known as Enviro Oil & Energy Pte Ltd (EOE). The principal activities of EOE are investment holding and the conversion, recovery, recycling and trading of oil and energy products and services.
The Company has subscribed for ten ordinary shares in EOE for a total consideration of S$10/-. The establishment of EOE is not expected to have any material impact on the net tangible assets and earnings per share of the Group for the current financial year.
None of the Directors or controlling shareholders of the Company has any interest, direct or indirect in the above transaction.
Enviro-Hub situated on an approximately 850,000 square feet premises at No. 20 Gul Way Singapore is today, one of the largest providers of total environmental management solutions and services for the Global Electrical, Electronic and Equipment industries. It provides a whole spectrum of services such as management and recycling of electronic waste, recovery and refining of Platinum Group Metals, Copper Smelting and Refining, recovery and recycling of ferrous and non-ferrous metals, plastics and chemicals as well as recycling of IC trays and manufacturing of IC trays using recycled engineering plastics. We have a strategic network spanning close to 20 countries worldwide. Our Group today comprises 7 subsidiaries and 1 associated company. These include two newly acquired subsidiaries, Cimelia Resource Recovery Pte Ltd and HLS Electronics Pte Ltd and a restructured e-HUB Metals Pte Ltd.
Advanced Holdings Ltd. (Advanced), a global supplier of proprietary process equipment and technologies, clean energy solutions and environmental technologies, announced that it has secured four new contracts worth a total of S$19.27 million.
These contracts are in addition to the S$63.0 million outstanding orders as of 31 March 2008 announced during the Group’s 1Q08 results. Of the four contracts, two are oil and gas projects in Singapore while the other two are petrochemical projects in China.
These contracts are not expected to have any material impact on the Group’s earnings in the current financial year.
Founded in 1993, SGX Mainboard-listed Advanced is an ISO9001:2000-certified
specialist company with three key business areas encompassing the design and supply of Process Equipment and Technologies to the Chemical & Petrochemical and Oil & Gas industries; the design and supply of Clean Energy Equipment and Technologies; and the provision of Environmental Technologies. Advanced is an established global company with a rapidly growing presence in approximately 15 countries spanning Asia, Europe and USA.
Gems TV Holdings Limited (Gems TV or the Group) announced new channel additions and changes to its UK television programming.
With the latest developments, Gems TV’s programs will be available on four out of the five major television platforms in the UK and have higher visibility across both subscription-free and subscription-based television networks.
Gems TV Holdings Limited (GemsTV) specializes in manufacturing genuine colored gemstone jewelry in exclusive handcrafted designs which are sold directly to customers through a "reverse auction'' system via television home shopping and the Internet. Employing approximately 1,800 staff world-wide, GemsTV delivers exceptional value to customers by eliminating the need for multiple intermediaries through a vertical integration of the traditional gemstone and jewelry supply chain.
Swiber Holdings Limited (Swiber or together with its subsidiaries, the Group), has successfully penetrated Vietnam’s booming offshore oil and gas industry for the first time. The Group today announced that its subsidiary, Swiber Offshore Construction Pte. Ltd., has been awarded a substantial Letter of Intent (LOI), from state-linked company, Vietsovpetro (VSP) to transport and install offshore facilities for one of its offshore oil and gas customers.
The LOI is a landmark achievement for Swiber, being the Group’s first project win since entering a cooperation agreement with VSP in September 2007 to mutually develop and strengthen each party’s position in the oil and gas industry in Vietnam and overseas.
Buoyant market conditions, with high crude oil prices spurring greater oil exploration, have kept the demand for Swiber’s Engineering, Procurement, Construction, Installation and Commission (EPCIC) services strong. With the addition of this LOI, Swiber’s order book is boosted beyond the US$476 million previously announced in May 2008 (amount excludes the conditional LOI for the installation of platforms and pipelines in the Gulf of Thailand for a period of five years which has an estimated value of approximately US$50 million per year).
As part of the contract, Swiber will provide project management, engineering, transportation, installation of two pipelines and Pipe Line End Manifold (PLEM), including tie-in and pre-commissioning. Work for this project is expected to commence at the end of 1QFY09 and targeted to be completed by 2QFY09.
Swiber is a leading, premier world class service provider offering a wide and integrated range of offshore EPCIC, marine support and drilling services across the Asia Pacific and the Middle East. Since its foundation in 1996, Swiber has been dedicated to transforming the company into a world class leader in the Offshore Oil and Gas industry. Swiber is a public-listed company on the Singapore Stock Exchange with an eminent position among global Offshore Oil and Gas engineering and construction organisations. With an extensive and growing fleet of 32 vessels, comprising 12 tug boats, 14 barges, one crane barge (Dalihao), one jack up barge, one accommodation barge, two submersible barges and one pipelay barge (Swiber Conquest), and more than 500 employees in strategically located offices in the region, the Swiber name is synonymous with excellence, safety, innovation and value among its customers.
Multi-Chem Limited (Company) announced the incorporation of a wholly-owned subsidiary under the name M. Tech Products Aust Pty Limited (M. Tech Australia).
The principal activities of M.Tech Australia are those of distribution of hardware and software relating to internet and networks products, and the provision of maintenance services for such products. The issued and paid-up share capital of M. Tech Australia is
A$100,000/- comprising 100,000 ordinary shares of A$1/- each.
The aforementioned incorporation was funded through internal resources.
Multi-Chem is a drilling and routing service provider and a distributor of specialty chemicals and materials to PCB manufacturers. Incorporated in 1985, Multi- Chem was listed on SESDAQ in January 2000 and upgraded to the Main Board of The Singapore Exchange in November 2000.
Asia Environment Holdings Limited (the Company) announce that the Company has entered into a Preliminary Agreement with Danyang Municipal Government to undertake a BOT project involving a group of six (6) wastewater treatment plants in Danyang City, Jiangsu Province, People’s Republic of China (PRC).
The project involves the construction and operation of six (6) wastewater treatment plants in Fangxian, Daoshu, Erling, Xinqiao, Houxiang and Shitu towns and the installation of connecting pipes of approximately 48kilometres long. The total planned capacity of the wastewater treatment plants is 140,000 cubic metres/day, of which Phase 1 capacity is 55,000 cubic metres/day. The concession period is 30 years from the date of signing of the concession agreement.
A project company in the PRC with a registered capital of US$12 million will be established to undertake the project while an intermediate holding company in Hong Kong will be established to hold the investment in the PRC project company. The commencement of construction for the wastewater treatment plants during the financial year 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 Limited (ASIAENV) is the Singapore investment holding company with subsidiaries engaged in the provision of integrated water and wastewater treatment solutions in the People’s Republic of China (PRC).
C2O Holdings announced that ValueRight International Limited (VRIL), a wholly-owned subsidiary of Hadi International Marine Services Pte. Ltd., the Company's associated company, has entered into a charter contract for the charter of a 59-metre Supply/Maintenance vessel to Hadi Hamad Al-Hammam Establishment (HHAE), which is based in Saudi Arabia.
Like the offshore supply vessels owned and chartered out by VRIL, the vessel to be chartered out under the new contract will also operate in Saudi Arabian waters to support the drilling operations of Saudi Aramco, one of the world's largest producers of oil. The Company is in the midst of negotiations for the acquisition of a suitable vessel for the purposes of fulfilling the charter contract. An announcement will be made upon the acquisition of the vessel.
The charter is for a period of three years and will commence in the fourth quarter of 2009, with an option to extend for two further periods of one year each. The charter hire for the vessel will amount to approximately US$6 million for the initial charter period of three years.
C2O Holdings is engaged in the distribution of Printers & Imaging Products, Digital Entertainment Products, Personal Communication Products and Mobile Enhancement Products. We are an established distributor with 18 years track record. We are also engaged in providing Outsourcing Services. We are an Original Design Manufacturer (ODM) licensed by world leading brands such as Nokia and Samsung to design, manufacture and distribute mobile phone wearables. We provide logistics outsource services to the mobile phone manufacturers and telecommunications operators. Our outsource services include managing used mobile phones for the telecommunication operators and providing inventory management services to telecommunication operators. Our business operations are based in Singapore and we have representative offices in Vietnam and Philippines. We are in the process of setting up representative offices in Indonesia and Thailand.
COSCO Corporation (Singapore) Limited (COSCO or the Company) announced that its 51 per cent-owned COSCO Shipyard Group (CSG) had signed Letter of
Intent (LOIs) with two wholly-owned subsidiaries of Sevan Marine ASA (Sevan) listed on Oslo Børs - to exercise the options secured earlier to build two Sevan 650 drilling units.
Separate agreements also provide further options for six more Sevan platforms. Sevan has made prepayment of US$ 7 million to secure the steel materials procurement for the two units under the LOI. Formal agreement is expected to be signed at a later time.
The further two units will be fabricated at COSCO Nantong Shipyard, which is
currently building its first Sevan 650 Drilling unit contracted in March 2007 Sevan Marine has developed a cylinder shaped - Sevan 650 Drilling Units, designed for operations in ultra deep water and all ice-free areas including Barents Sea. The Drilling units will be equipped with 10,000ft of riser storage, internal oil storage capacity up to 150,000 barrels of oil and variable deck load of more than 15,000metric tonnes. The rigs are intended for deployment for ONGC and Petrobras SA.
Listed on the main board of the SGX, COSCO Corporation (Singapore) Ltd (COSCO) is a leading ship repair, shipbuilding & marine engineering and dry bulk shipping group. The Group owns 51% of the largest shipyard group in China, COSCO Shipyard Group, and a fleet of 12 dry bulk carriers. It also operates shipping agencies. COSCO is the listed subsidiary of China Ocean Shipping (Group) Company, the largest shipping group in China.
KARIN Technology Holdings Limited (KARIN or the Group) is pleased to provide a business update for the 3 months ended 30 June 2008 (fourth quarter FY08).
Fourth quarter FY08 is the best fourth quarter ever for the Group in terms of sales revenue. This outstanding performance is mostly attributed to the rapid growth of customers’ requirements in the IT solution and services in the FSI (Financial Services Institution) sector.
Based on this excellent performance, the Board believes that the Group will be able to meet its internal double digit growth rate target for both revenue and net earning for FY08. The Board remains confident in maintaining its plan to grow its core businesses for the next fiscal year and does not observe any significant change in the Group’s performance trend.
Listed on the Mainboard of Singapore Exchange (SGX) in March 2005, KARIN is a leading IT & Components Solutions and Services Group in Hong Kong and the People’s Republic of China with a strong track record of more than 30 years. Since 1977, they have been primarily engaged in the electronic components and computer distribution business for various segments of the electronics industry including the communications, computer, electrical appliances and utility segments. In 1990s, they expanded their business to include outsourcing services such as IC application design solutions and data storage management solutions. Since its listing on the SGX’s Main Board, KARIN has carved out a growing presence in three core segments - Components Distribution, IC Application Design and IT Infrastructure Solutions
– in the PRC and Hong Kong markets.
With these focused segments under its stable, KARIN has witnessed compounded annual growth rates (CAGR) in excess of 30% on its Group revenue performance since 2005. In 2007, KARIN acquired IMI Kabel Pte Ltd, a Singapore-based distributor of data control cables for a variety of industries ranging from industrial automation to port and shipyard facilities.
Swiber Holdings Limited (Swiber or together with its subsidiaries, the Group) announced that its derrick barge, the Dalihao with 2,500 MT lifting capacity, has successfully executed and completed the Mampak platform installation work for Brunei Shell Petroleum Company Sdn Bhd (Brunei Shell).
Swiber’s Dalihao successfully wraps up offshore installation mission for Brunei Shell
This project is part of Swiber’s landmark US$146.6 million contract with Brunei Shell announced in February 20071, under which the Group was engaged to perform offshore work for two major projects including Pipeline Replacement and Mampak Development. During its 45-day campaign in Brunei, the Dalihao installed the 900T Jacket and 1,300T topside in Brunei Shell’s new “Mampak” field; and also installed the 650T Magpie module and the 4th loading arm at the oil giant’s Brunei Liquid Natural Gas (BLNG) terminal. The Dalihao was also utilized to remove the old Living Quarters from the Ampa-6 platform, which was part of the de-commissioning scope of activities for Brunei Shell.
Dalihao is a heavy lift derrick barge capable of lifting up to 2,500T of load. The vessel is capable of installing fixed and floating platforms and other work requiring derrick and heavy lift. It is an 8-point mooring barge and can accommodate up to 236 men. The Dalihao is now de-mobilizing from the Brunei offshore site to embark for its next offshore project in Indonesia for ConocoPhillips, an international, integrated energy company with interests around the world.
Swiber is a leading, premier world class service provider in the offshore industry offering a wide and integrated range of offshore EPCIC, marine support and drilling services across the Asia Pacific and the Middle East. Since its foundation in 1996, Swiber has been dedicated to transforming the company into a world class leader in the Offshore Oil and Gas industry. Today Swiber is a billion-dollar, public-listed company on the Singapore Stock Exchange with an eminent position among global Offshore Oil and Gas engineering and construction organisations. With an extensive and growing fleet of 32 vessels, comprising 12 tug boats, 14 barges, one crane barge (Dalihao), one jack up platform, one accommodation barge, two submersible barges and one pipelay barge (Swiber Conquest), and more than 500 employees in strategically located offices in the region, the Swiber name is synonymous with excellence, safety, innovation and value among its customers.
JEL Corporation (Holdings) Ltd. (JELCorp), an established distributor of fast-moving consumer goods, IT, photographic, mobility products and timepieces, with distribution networks spanning Africa, Asia, and the Middle East announces today that JEL Corporation (Far East) Pte Ltd, a wholly-owned subsidiary, has been awarded exclusive distribution rights for the entire range of Photographic products from Tamron for
Tamron is a global leader in optical technology and has been delivering quality camera lens and accessories for the past fifty over years. They were awarded “European Lens of the Year” for two consecutive years for three times, in 1999 and 2000, 2002 and 2003, and 2006 and 2007.
JELCorp is currently the exclusive distributor for Tamron since FY 2005 for Indochina and Central Asia and since FY 2007 for India. With this appointment, JELCorp and Tamron are adding to what is already a solid business partnership in Asia.
JEL Corporation is a leading distributor of photographic, IT, fast-moving consumer goods, consumer electronic, and telecommunication products. It's distribution network encompasses emerging markets in Asia, Africa and the Middle East, and accesses over 15,000 points of sale. Founded in 1984, the Group is headquartered in Singapore and distributes a wide range of well-established brands such as Nikon, Apple, Acer, Casio, Noritsu, Tag Heuer, Dior, Fendi, Corum, Parker, Waterman, Papermate, Titan, Linksys, Tripp Lite, Olympus, Samsung, Asrock and Foxcomm.
“…The continual expansion of the PRC economy will result in higher consumption spending and rising affluence of the population. The continuous growth of the sporting goods industry will be bolstered by upcoming events such as the 2008 Beijing Olympic Games, the 2010 Shanghai Expo and Guangzhou Asian Games and the 2011 Shenzhen University Games. As greater attention is accorded to sports, fitness and healthy lifestyles, I believe that the prospects of the Group will continue to flourish in the coming years.”
Mr Wu Rongguang
Chairman and Executive Director
China Hongxing Sports Limited