Bio-Treat Technology Limited (Bio-Treat or the Company announced that it is looking into setting up a business trust that will contain all its water-related infrastructure assets. The Group currently has an extensive portfolio of large-scale Build-Operate Transfer (BOT) and Transfer-Operate-Transfer (TOT) projects in first-tier cities in the PRC, with 7 out of 15 projects already completed. The Group expects to complete all its planned projects by the end of FY2009 at which point its water treatment capacity is anticipated to be at least 1,000,000 metric tones per day.
The Group’s decision follows a series of meetings Bio-Treat had with major financial institutions, private equity funds and key players in the water-related infrastructure industry. By embarking on a strategy to build a trust containing all its water-related infrastructure assets, the Group feels that it can extract maximum value for its shareholders and facilitate growth of the business. In light of this, the Group will not proceed with its renounceable right issue.
The Group currently has an extensive portfolio of large-scale Build-Operate-Transfer (BOT) and Transfer-Operate-Transfer (TOT) projects in first-tier cities in the PRC, with 7 out of 15 projects already completed. The Group expects to complete all its planned projects by the end of FY2009 at which point its water treatment capacity is anticipated to be at least 1,000,000 metric tonnes per day. The Company has already received expressions of interest in potential direct sales or securitization of some of the Group’s BOT and TOT projects and firmly believes that these approaches reflect its sound business fundamentals and strong asset portfolio.
Bio-Treat Technology Limited (Bio-Treat) is the PRC’s leading water and wastewater treatment company. Bio-Treat develops and applies biotechnology for the treatment of water and wastewater. Its unique and proprietary BMS Biological Process Technology (BMS Technology) synergises a BMS blend of micro-organisms and effective engineering design to form a highly cost-effective and efficient alternative to treating of wastewater in the most environmental friendly way. BMS Technology meets the effluent standards set out by the State and local Environmental Protection Administration in the PRC. Since its first trial in 1993, BMS Technology has been applied to over 500 wastewater treatment projects in the PRC - ranging from residential to commercial and municipal projects. Bio-Treat has a first-mover advantage in environmental protection in the PRC. With its innovative BMS Technology and products, Bio-Treat is poised to become the water and wastewater treatment stock of choice.
Design Studio Furniture Manufacturer unit DDS Contracts & Interior Solutions Pte Ltd (DDS), an interior fit-out specialist company offering total solutions to fitting-out projects today announced that it has been awarded its first contract in Singapore for the fit-out of 716 guest rooms, including its guest corridors & lobbies in Hotel Tower 1 from 6th to 49th floors of the prestigious Marina Bay Sands™ Integrated Resort. This fit-out project has a contract value of S$69.1million.
Being the appointed Nominated Interior Design Sub-Contractor for Hotel Tower 1, DDS will be working with South Korean main contractor, SsangYong Engineering and Construction Co., Ltd (SsangYong) on Marina Bay Sands™, which is located on Singapore’s vibrant Marina Bay waterfront within close proximity of the Central Business District. The Marina Bay Sands™ will combine world-class convention and exhibition facilities, a luxury hotel, an iconic ArtScience Museum, Las Vegas-style gaming, state-of-the-art theatres, entertainment and an unparalleled spread of shopping and dining outlets in one landmark structure.
This project win was signed only a few months into the establishment of the joint venture between Depa, the world’s largest interior contracting company, and Design Studio, Singapore’s leading Furniture Manufacturer, Product and Interior fit-out specialist. DDS, in which Depa holds 55% and Design Studio 45%, is a specialist company poised to be a significant player offering a comprehensive fit-out suite, including turnkey and retrofitting services, to new and existing hospitality and commercial projects. The joint venture targets interior contracts in the hospitality & commercial segments within Singapore, Malaysia, Thailand, Indonesia and Vietnam.
Design Studio has three complementary and versatile core businesses that yield positive outcomes in a wide spectrum of residential and commercial developments across major countries around the world. The core business are the supply and installation of manufactured furniture products to private residential developments, interior fit-out services to hospitality and commercial projects and distributorship of renowned imported brand names and exporting two premium in-house brands to overseas markets. In addition, Design Studio’s core competitive advantage as a specialist in the area of paneling and thermoformed products provides its clients with relevant advice on designs, material usages and costing during the planning stage of the project, right through to final execution. With high-end luxury projects like the Burj Dubai, Trump International Hotel (US), St. Regis Hotel (Singapore) and Ritz Carlton Hotel and Apartments (in the Dubai International Financial Centre) under its belt, Design Studio has created a niche in the premiere segment of this industry.
Zhonghui Holdings Ltd. announced that its wholly-owned subsidiary in the PRC, Shaanxi Zhonghui Environmental Conservation Co., Ltd. (Shaanxi Zhonghui) has signed the agreement in respect of the provision of technical advisory, project planning and design, construction of civil structures, fabrication and installations of equipment for a 100 tonnes/day integrated municipal solid waste treatment plant (Contract) in the County of Gaoling, Shaanxi Province of the PRC.
The Contract will be for a period of 15 months (including the design period). Shaanxi Zhonghui is expected to submit the design plans by the end of the 3rd quarter of 2008.
The total investment value of the Project is RMB22 Million which will be funded by the Gaoling County government.
Zhonghui Holdings Limited provides a suite of waste management systems solutions that include technical advisory services, design, supply, delivery, installation, commissioning and after sales support. Our customers are primarily municipalities. Our waste management systems are designed with specialised technologies. We utilise our patented technologies and proprietary know-how to design our systems and solutions to satisfy our customers' need for an efficient and integrated waste management system.
CNA Group Ltd. (CNA or the Group) announced that it is acquiring a 51 per cent stake in a leading provider of Mechanical Engineering and Plumbing (MEP) services in Vietnam via a subscription of new shares as part of its efforts to accelerate growth of its control and automation (C&A) business in overseas markets.
CNA said it is buying the controlling stake in HTE Engineering (Vietnam) Co. Ltd. (HTE), which provides MEP services to the residential, industrial and commercial sectors in Vietnam for US$2 million.
The acquisition, to be entirely funded by internal resources and to be completed on or by 31 July 2008, follows CNA’s Vietnam joint venture, ACE in 2007, and builds upon its strategy to tap the opportunities in Vietnam’s infrastructure, industrial, commercial and residential growth which continues to be fuelled by foreign investment, remaining optimistic of the country’s long term growth prospects.
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. CNA’s associate level stake in Herocan is held through China Water Holdings Pte. Ltd. and Standard Water Ltd. CNA’s strength is in combining its domain knowledge and expertise with its proprietary SIRIUS™ system technology to build high-level and fully integrated Intelligent Building Management Systems (IBMS) and Intelligent Facility Management Systems (IFMS) that are able to integrate, monitor and control a diverse range of mechanical, electrical, security and climate control systems within a building or facility. Headquartered in Singapore, CNA has a direct presence in China and the Middle East, serving an impressive list of customers in Singapore, Malaysia, Myanmar, Philippines, Thailand, India, China, Dubai, Qatar and Oman.
Advanced Holdings Ltd. (the Company) is announced that the Company has incorporated a wholly-owned subsidiary 蓬溪爱文思 水务有限公司 (蓬溪爱文思) in the People’s Republic of China.
蓬溪爱文思 has an issued and paid-up share capital of US$3,000,000.
The investment was funded through the proceeds from the private share placement exercise in August 2007.
Advanced Holdings Ltd. 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 collaborates 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.
The Lexicon Group Limited (Lexicon or the Group) announced that the Group has secured a licensing agreement to publish a
Singapore edition AMICA – a popular 46 years old Italian women’s fashion magazine
which carries news on the latest trends in fashion of high end designers like Roberto
Cavalli, Salvatore Ferragamo, Bruno Magli and Miuccia Prada - to tap into Singapore’s luxury market, which is attracting increasing readership from a more well-heeled population towards high end fashion trends worldwide.
The Group is planning to launch the first issue of AMICA in last quarter of this year. This impending launch of Singapore edition of AMICA follows the Group’s earlier announced review of magazines publishing programme to launch several new titles, essentially targeting the high-end of the demography. As part of the magazine publishing programme review exercise, the Group has also decided to restructure the NewMan magazine by consolidating both the Malaysia and Singapore editions under one arm. This exercise is consistent with the Group’s policy to optimize the use of its resources and to enhance productivity, so as to improve the Group’s bottom line.
Under this new Mal-Sing NewMan publication, both the Malaysia and Singapore teams will be involved in contents development, which comprises production of both articles and advertisements, to ensure that the contents are relevant to both the Malaysia and Singapore markets. Other than improving the Group’s overall operational efficiency, a Mal-Sing publication under one team will ensure that there is no wastage of resources. Incorporating ideas from both the Malaysia and Singapore teams, this restructured magazine will also be a refreshing change, offering readers in both Singapore and Malaysia better value for their money through a consolidated publication.
The Lexicon Group Limited (formally known as Sun Business Network Ltd) is a non-sponsored Catalist-listed company on the Singapore Exchange. Incorporated in Singapore in October 1994, the Group is a leading homegrown publisher of niche magazines, which include more than 20 titles in different languages. The Group also has a considerable presence in the region as its publications are circulated in Singapore, Malaysia and the PRC. In the PRC market, the Group has built its presence with the establishment of Club Calibre Haute Horlogerie, the first and only luxury club in the PRC, to complement the Group’s niche publishing activities that will focus on the luxury watch market. The Group is also involved in mobile media business in the PRC through its acquisition of Delta Digital Limited. In addition, the Lexicon Group also holds substantial investments in NASDAQ OTCBB-listed Nextmart Inc, UK-AIM-listed CECUnet Plc and an about 30% stake in Shareinvestor.com Holdings Pte Ltd.
OKP Holdings Limited (OKP) announced that its shares will be upgraded from the SGX Catalist to the Mainboard with effect from 25 July 2008. The company, which specialises in the construction of airport runways and taxiways, expressways, flyovers, vehicular bridges, urban and arterial roads, as well as civil construction works for petrochemical plants and oil storage terminals in the oil and gas sector, was listed on the SGX second board -- then called SESDAQ -- in 2002.
OKP has been involved in both public sector works as well as private sector projects. Since January this year, it has secured a total of eight public sector contracts totalling $100.9 million including a project it secured from the Land Transport Authority to upgrade and improve the Central Expressway. OKP has also made some headway in the Oil and Gas Sector. It first ventured into this sector in 2005 with its first civil works contract relating to the S$750 million Universal Terminal, a massive petroleum storage facility on Jurong Island, Singapore’s oil refining and petrochemical hub. Since then, it has gone on to secure a number of other civil works projects, including those relating to ExxonMobil’s multibillion dollar petrochemical project, known as the Singapore Parallel Train Project. In a move to strengthen its position, OKP has restructured its workforce according to specialist capabilities to handle projects more efficiently. Currently three such teams are in place, namely, Oil & Gas/Petrochemical, Airport Infrastructure and Road Construction and Road Maintenance.
OKP Holdings Limited 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. It was listed on the Singapore Exchange of Singapore Dealing and Automated Quotation System (SESDAQ), now renamed CATALIST, on 26 July 2002. Established in 1966 by Founder and Chairman, Or Kim Peow, OKP has two core business segments, Construction and Maintenance. The Group tenders for both public and private civil engineering and infrastructure construction projects, which involve the construction of urban and arterial roads, expressways, vehicular bridges, flyovers, airport infrastructure and oil & gas related infrastructure for petrochemical plants and oil storage terminals as well as the maintenance of roads and roads related facilities and building construction-related works. In the past two years, the Group has started to forge a presence in the Oil and Gas Sector. Its foray into the Oil and Gas Sector started in 2005 when it took on its first civil works contract on Jurong Island, Singapore’s oil refining and petrochemical hub. It has since completed that project, relating to the S$750 million Universal Terminal, a massive petroleum storage facility. OKP has since gone on to secure a number of other projects, including civil works relating to ExxonMobil’s multi-billion dollar petrochemical project, known as the Singapore Parallel Train Project.
Yongmao Holdings Limited is set to boost its annual production capacity in a bid to capture a greater share of the growing global crane market. The Group, through its subsidiary Fushun Yongmao Construction Machinery Co., Ltd (Fushun Yongmao) has entered into an 80-20 joint venture with Wuxi Jushen Crane Co. Ltd (Wuxi Jushen), a high-quality crane manufacturer in Eastern China with a 34- year track record.
Under the terms of the agreement, Fushun Yongmao will contribute RMB 24 million in cash for an 80 per cent stake in the JV, while Wuxi Jushen will contribute RMB 6 million worth of assets for the remaining 20 per cent. The JV company, Wuxi Yongmao Towercrane Manufacturing Co. Ltd, will produce towercranes, bridge & gantry cranes, and roof top cranes under Yongmao’s brand name. Apart from this JV, Yongmao is also expanding organically by constructing a new 100,000m² manufacturing facility, which when fully equipped, will be capable of producing 400 tower cranes a year. The Group also intends to produce crawler cranes at the new facility.
Founded in 1992 and listed on the Singapore Exchange in February 2008, Yongmao is a designer and manufacturer of towercranes and towercrane components and accessories in the PRC. The products are sold under its own brands “YONGMAO” and “SUNCRANE”.
The Group has developed some 50 models and sub-models of towercranes, which are broadly classified into four series: Topless STT, ST, Luffing STL and Derrick Q. Yongmao’s towercranes are sold and exported by the Company and/or its customers to countries in the Americas, Africa, the Middle East, Europe, and Asia.
Technics Oil & Gas Limited (Technics or the Group) announced that its 51%-owned subsidiary, Norr Systems Pte Ltd, has won several supply contracts worth a total of S$5.8 million.
The various contracts were secured by Norr Systems on a separate basis: from two international offshore oil & gas engineering and production companies with operations in Singapore and Indonesia, as well as from several shipyards in China. Norr Systems will design and supply Shipboard Automation Systems, which are customised to the respective specifications of each customer. These contracts will be fulfilled and delivered on a progressive basis through end 2009. Norr Systems was set up in 2005 to spearhead the Group’s plans to capitalize on the growing demand for software-based integrated control systems in the offshore oil & gas and marine industries. Its extensive range of products and services range from various marine and shipboard automation applications, to software and PLC panels providing process controls that are required by the oil and gas offshore and onshore segments.
Established in 1990 and listed on the Singapore Exchange since April 2003, Technics Oil & Gas is a one-stop specialist services provider to the oil & gas industries in the Asia Pacific region for both offshore and onshore applications. The Group’s customer base include major oil & gas companies, builders and operators of oil-rigs, semi submersibles and floating production storage and offloading (FPSO) ships. The Group’s two water-front yards located in Singapore and Indonesia’s Batam Island currently extend over 40,000 square metres. Technics’ range of integrated services encompasses project management, procurement, mechanical design, engineering/fabrication, testing and commissioning (“EPCC”) of process equipment and topside modules and gas compression systems (authorised integrator/packager for Ariel and Cameron Compression). The Group also undertakes contract engineering of process equipment and subsea structures such as sub-sea high pressure manifolds, sub-sea protective structures and piping skids; as well as metering skids, mud-gas separators and automation equipment for ships. After-sales support services extend to procurement of spare parts and repair and maintenance.
Integrated property developer Soilbuild Group Holdings Ltd (Soilbuild) won the tender for an industrial site at Woodlands Industrial Park E5 with a bid of S$13.61 million for the 16,800 square metre site (180,835 square feet). Based
on the maximum plot ratio of 2.5 and the maximum gross floor area of about 452,000 square feet, the land cost for the 60-year lease site works out to be S$324.05 psm/gpr. With its track record of having successfully developed, leased/sold a wide range of factories including Pioneer Lot, Senoko Food Connection and Kranji Linc, Soilbuild is targeting small and medium size enterprises (SMEs) for this latest business space development. The Woodlands Industrial Park Factories can be developed for a wide range of uses such as clean/light industry, general industry and warehouse. By leveraging on its expertise in designing functional and efficient spaces, Soilbuild is able to offer SMEs in established industries
specialising in auto parts, hardware, recycling and waste management an attractive business hub. Other businesses can also take advantage of the development’s strategic location near the Causeway to Malaysia in Woodlands. Development of the site is expected to take about 20 months and the factories are targeted for completion by 2010.
With this award, Soilbuild now has six business space projects in the pipeline, consisting of more than 3.5 million square feet in its portfolio of purpose-built business space properties for MNCs and SMEs. This project will be Soilbuild’s tenth business space site since it embarked on making the business space sector as the new engine of growth in 2005 to complement its residential property segment.
The total development cost, including land, is around S$35 to S$40 million. The purchase will be funded by the Group’s internal resources and bank borrowings. The Group does not expect any material financial impact on the consolidated net tangible assets per share and consolidated earnings per share of Soilbuild for the current financial year ending 31 December 2008 arising from this transaction.
Soilbuild is an integrated property developer with an established track record of more than 30 years, whose portfolio includes residential and business space properties. Led by an experienced management team that blends a strong entrepreneurial spirit with extensive technical expertise, the Group enhances returns and manages risks by shortening its investment-to-sales cycle. By leveraging on its strengths in design and innovation, Soilbuild maximises yields on its properties. The Group has successfully acquired and developed a range of residential properties, mainly in prime urban districts. Since 2005, Soilbuild has developed a wide portfolio of properties purpose-built for business use by MNCs and SMEs. It has worked closely with JTC Corporation under the Developer Partnership Programme and leveraged on its expertise in ‘design, build and lease/sell’ schemes to become a leading player in the business space segment.
JES International Holdings Limited (JES or the Group) has concluded negotiations for price increases of eight existing shipbuilding contracts, in view of the increase in raw material prices, in particularly steel, and the weakening of the US Dollar relative to the Chinese Yuan. JES has won approval for increases of between 2% to 12% of the contract values for eight existing contracts, with original total value of approximately US$200 million.
JES would also like to announce that delivery schedules for four vessels that were originally due for delivery in the financial year ending 31 December 2008 (FY2008) are likely to be shifted to FY2009. This is due to additional design changes, delays in equipment delivered to the yard and installation of additional equipment as requested by the customers.
Once the change in delivery date has been confirmed for each of the affected vessels, JES will sign addendums to the contracts for the new delivery date. As a result of the above developments, JES expects contracted revenue for FY2009 and FY2010 to be higher as revenue will be accrued in the respective periods of construction.
JES International is a major PRC shipbuilding company with production facilities capable of producing different types of vessels. We build bulk carriers, containerships and ocean engineering vessels (mainly crane barges for offshore oil sector and offshore construction building works). We have an operating track record of more than 30 years. Our shipyard, which we lease from Jiangsu Eastern under a long term lease, is located at Shiwei Port, Jingjiang City in the Jiangsu Province, People’s Republic of China. Our shipyard has a 720 metre long coastline with access to deep water and stable currents. Our facilities at Shiwei Yard are located on a gross land area of approximately 167,000 sq.m. and include two building docks equipped with gantry cranes, an outfitting slipway, a hull and section steel shop, a sub-assembly shop, a block assembly shop, a metal treatment shop, a paint shop, a pipe shop and an electrical shop which covers every stage of the shipbuilding process. Our current customers include major shipowners based in Europe, Canada and Asia, including the PRC.
“…Right from our starting days in 1987 when we introduced the concept of 3-in-1 instant coffeemixes in Singapore, our emphasis has been firmly on brand building and raising consumer awareness. Today, being the market leader for coffeemixes in Singapore and Thailand, as well as one of the top coffee players in other Southeast Asia countries, we are not resting on our laurels as we continue to build the Super brand.”
Teo Kee Bock
Chairman and Managing Director
Super Coffeemix Manufacturing Ltd