15 Sep 2008      
Volume '000 
Weekly movement as at 12 Sep 2008
Lyxor Korea 10US$
Weekly movement as at 12 Sep 2008

Air Asia : Goes contrarian by increasing flights, new routes and capital investment despite gloomy economic sentiments.
Creative Technologies : Launches compact N400 USB notebook speakers.
Hyflux : CEO Olivia Lum to leave SGX board of directors to focus on Hyflux's business.
CapitaLand  : Sees a $43 million gain form the sale of Somerset Orchard for $100 million.
SembCorp Marine : Subsidiary PPL Shipyard secures 2 jack-up rig construction projects from Egyptian Offshore Drilling Company for US$425 million.
SC Global Developments : Gets good response from preview of Martin No. 38 project.
OCBC Bank : Increases shareholding in Great Eastern Holdings to 87.02 per cent with a shares acquisition of 582,000 at $8.2 million.
Nera Telecommunications : Secures IP Network Equipment supply, installation and maintenance project from a global telco for $4.4 million.
CapitaLand : Partners Abu Dhabi-based Mubadala Development Company in residential project Rihan Heights in the UAE.
See Hup Seng : Subsidiary Tat Petroleum looks to list on SGX mainboard.


Tiger Airways Singapore : Celebrates 4 years in business with 100,000 seats for 40 cents each.
SPH : Buys 100 per cent stake in ShareInvesto Holdings for a possible consideration of $18 million.
Hong Fok Corporation : Introduces Concourse Skyline residential development at Beach Road.
GMG Global : Expects 51 percent stake in Sinochem International to help it tap into China's huge market for rubber
Pacific Healthcare Holdings :  To invest $3.5 million in an Indonesian medical centre.
Hiap Seng Engineering :  Clinches piping installation and painting project from Shell valued at $16.2 million.
UOB : Introduces credit card offering perks in Japan.
St. James Holdings : Saw subsidiary St. James Pte Ltd rake in net profit of $4.3 million, 27.4 per cent higher than previously forecast at $3.375 million.
OCBC Bank : Increases shareholding in Great Eastern Holdings to 87.02 per cent with a shares acquisition of 582,000 at $8.2 million.
Eng Wah Organisation : To sell off its core leisure and lifestyle business to private company held by its founder and managing director.

Investor Relations Alert

C20 Holdings Incorporates Singapore Subsidiary

C2O Holdings Limited (the Company) announced the incorporation of a wholly-owned subsidiary in Singapore on 28 August 2008 (New Subsidiary).

The New Subsidiary known as C2O Marine Pte. Ltd will have an issued and paid up capital of S$2.00 consisting of two ordinary shares. The principal activity of the subsidiary will be the renting out of water transport equipment without operators.

Mr Robert Chua Swee Chong, a Director of the Company, has been appointed the director of the New Subsidiary. The above investment was funded through internal resources and is not expected to have any material impact on the consolidated net tangible assets and earnings per share of the Group for the current financial year.

C2O Holdings Limited 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.

LottVision’s Web TV Partner, Beijing Online Jiu Zhou Awarded Website Broadcast Right Of Beijing Paralympics 2008 “Live” Coverage From China’s CCTV.com On Successful Debut At Olympics

LottVision Limited (LottVision or the Group) announced that its Web TV partner, Beijing Online Jiuzhou Information Technical Services Co., Ltd (Jiu Zhou), has been awarded broadcast rights from CCTV.com, the government-owned official Olympics Internet broadcaster in the People’s Republic of China (PRC) to provide “live” Beijing Paralympics 2008 (Paralympics) coverage on Jiu Zhou’s website (www.116.com.cn); a noteworthy second successive win on Jiu Zhou’s successful debut at the Beijing Olympics 2008 in August.

Awarded as an extension of the existing commonweal agreement between CCTV.com and Jiu Zhou, this development signals Jiu Zhou and LottVision’s growing reputation and proven capability in the PRC’s Web TV and Internet-related industries. In August, as one of the few PRC-licensed Web TV operators, Jiu Zhou had jointly with LottVision worked on providing an enhanced Web TV broadcast of the Beijing Olympics 2008.

Accessible free to viewers across the country, Jiu Zhou will relay “live” coverage for an Internet-based screening of selected major matches across popular sports categories like cycling, swimming, basketball, shooting and ping pong , as well as a “live” broadcast of the closing ceremony on 17 September, 2008. Having already provided “live” coverage of the opening ceremony on 6 September, Jiu Zhou will additionally replay video clips cut specifically by CCTV.com for those who miss the “live” coverage till 17 September 2008. Under the terms of agreement, LottVision and its 100 per cent-owned subsidiary, Tian Tian Zai Xian Services Limited (Tian Tian), will jointly provide technical services to ensure the stability and availability of Jiu Zhou’s website for its Paralympics-related broadcast. In addition, LottVision will also provide 24/7 support services to Jiu Zhou’s website on an ongoing basis for the entire duration of the Paralympics.

Established in 1986, LottVision Limited (LottVision) is headquartered in Hong Kong and has been listed on the Singapore Exchange Securities Trading Limited (SGX-ST) Main Board since December 2002. LottVision intends to be a “technology enabler” of choice in license-restricted markets providing revenue-generating IT-related solutions and services for various industries including lottery and Web TV in China It is also engaged in the provision of outsourced security and IT-related services, such as video surveillance and online gaming services, and the manufacture of special purpose devices, such as smart identity (ID) card devices.

Ferrochina Inks Deals To Supply 168,000 MT Of Galvalume Steel Sheet To New Customers

FerroChina Limited (the Group) announced that its wholly-owned subsidiary, Changshu Everbright Material Technology Co. Ltd (Everbright), has entered into 2 separate 1-year supply contracts with 2 new customers: Zhangjiagang Free Trade Zone.Jiakuang International Trade Co., Ltd and Shanghai Tsinghen Trading Co., Ltd to supply galvalume steel sheet to them.

With regards to the contracts, Everbright will supply a total of 168,000 metric tonnes (mt) of high end galvalume steel sheet to Zhangjiagang Free Trade Zone.Jiakuang International Trade Co., Ltd and Shanghai Tsinghen Trading Co., Ltd in 2009. This is a significant milestone for the Group as it is a recognition by customers and confirmation on the ability of the Group’s ability to produce higher end products in large quantity and to replace existing imported galvanized, galfan and galvalume steel sheet from nearby countries. In year 2007, China imported approximately 4.4 million mt of galvanized steel sheet to meet its demand in domestic market.

Everbright expects to secure more of such orders with the enhanced product range that it can offer when another 2 galvanize lines enter into commercial production in 4Q2008.

FerroChina Limited, a PRC-based company listed on the Main Board of Singapore Exchange on 19 May 2005, is a leading manufacturer of galvanised steel coils in Asia. Today, under the leadership of an international management team, FerroChina is the largest and one of the most cost efficient independent value-added coated steel processors in China, focusing on the niche segment of coated steel coils. Located in Changshu City, Jiangsu Province, PRC, our customers are mainly steel trading companies, steel structure engineering companies and steel processing companies in the PRC covering diverse industries including construction, agricultural, infrastructure, consumer electronics, automobile spare parts, computer parts, building materials and industrial applications. Our Group was awarded the ISO 9001 certification by the British Standard Institution, for our quality management system as well as the ISOU001 certification for our environmental-friendly technology. The Group's commitment to improve our processing efficiency and product quality has enabled us to increase our sales in the PRC as well as penetrate export markets. The Group leverages on our international sales contacts for exports to more than 40 countries mainly to Middle East, Europe and Asia.

First REIT Signs Option To Acquire Healthcare Logistics And Distribution Centre In Singapore

First Real Estate Investment Trust (First REIT), signed a put and call option agreement to purchase a healthcare logistics and distribution centre in Singapore for a total purchase consideration of $42 million.

The sale and leaseback agreement was entered into with the Vendor- Tech-Link Storage Engineering Pte. Ltd (Tech-Link). Upon completion of the acquisition, First REIT will lease the property to Tech-Link for a period of 6 years at a commencement rental income of S$3,230,000 per annum with a built-in annual rental escalation. There is also an option for Tech-Link to renew the lease for another seven years.

Located along Tuas View Lane, within close proximity of the Tuas Biomedical Park and the Ayer Rajah Expressway, the two-storey warehouse will be used and operated as a logistics and distribution centre for pharmaceutical and nutritional products by multi-national companies. Expected to be completed by July 2009, the warehouse spans a land area of 21,737 square metres and a gross floor area (GFA) of 21,737 square metres (subject to survey). Lease tenure for the land is 30 years with effect from 1 July 2008. Tuas Biomedical Park is home to several global healthcare players including Wyeth, Merck Sharp and Dohme, Lonza Biologics, Pfizer, GSK Biologicals, Novartis, Ciba Vision and Abbott Nutritionals.

First REIT is a Singapore-based real estate investment trust which aims to invest in a diversified portfolio of income producing real estate and/or real estate related assets in Asia that are primarily used for healthcare and/or healthcare-related purposes. Sponsored by PT Lippo Karawaci Tbk, Indonesia's largest broad-based property company listed on the Jakarta and Surabaya stock exchanges (1), First REIT's initial portfolios of four properties are strategically situated in prime locations within Indonesia's two largest cities – Jakarta and Surabaya. First REIT is managed by Singapore-based Bowsprit Capital Corporation Limited, which not only sets the strategic direction of First REIT but also give recommendations to the Trustee on the acquisition, divestment or enhancement of assets of First REIT.

Lexicon Disposes OF Stake In ShareInvestor

The Lexicon Group Limited (Lexicon or the Group) announced that the Group, together with Leong Hong Kah, Christopher Lee Sek Leong, Michele S. Rasanayagam, Lim Dau Hee, Tang Fook Meng, Goh Cher Ngann, Karen Lim Ng Chin and Lee Han Yeong (collectively referred to as the Vendors), has entered into a share purchase agreement with SPH Interactive Pte. Ltd. for the proposed disposal of its entire issued and paid-up share capital of Shareinvestor.com Holdings Pte Ltd (SI.com) (the Proposed Divestment).

Lexicon currently holds 1,894,773 ordinary shares, or a 27.69 per cent stake, of the entire issued and fully paid-up capital of SI.com, which comprises 6,690,157 ordinary shares. SI.com is a company incorporated in Singapore and has a paid-up capital of S$5.9 million comprising 6,690,157 ordinary shares (including 309,739 ordinary shares held as treasury shares). SI.com is an associated company of the Lexicon and is engaged in the business of online investor relations, the provision of stock trading tools, and the operation of a financial portal, www.shareinvestor.com.

The aggregate consideration for the divestment will be between S$3.28 million (the Completion Amount) and S$4.92 million (the Total Consideration), arrived on a willing buyer, willing seller basis. Besides the approximate amount of S$3.28 million payable upon completion, the Completion Amount may be furthered by an approximate range of S$0.54 million to S$1.64 million after SI.com’s financial year ending 31 December 2008 (FY08) and/or 2009 (FY09), depending on the targets achieved by SI.com.

The Proposed Divestment is subject to shareholders’ approval at the next Extraordinary General Meeting (“EGM”).

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 and UK-AIM-listed CEC Unet Plc.

Global Voice Deploys Redundant Private Fiber Solution For Concepts ICT

Global Voice Group has completed an agreement with Dutch Internet Services Provider Concepts ICT. Under the terms of the agreement, Global Voice will deploy fiber|nex, a dedicated private fiber solution in Amsterdam, supporting the rollout of fiber-to the-home and further Internet and hosting services in the Dutch capital.

Concepts ICT focuses on providing internet solutions to high-end consumers as well as small and medium sized enterprises and is one of the foremost providers of fiber-to-the-home services in the Netherlands. Concepts ICT required the highest levels of flexibility and reliability in their solution to support their fiber network solutions in Amsterdam. Global Voice designed and deployed fiber|nex, fully redundant dark fiber to point connections, which form a ring architecture between Concept ICT’s main datacenter locations. Due to the end2end ownership of their networks, Global Voice deliver the highest levels of redundancy and single point of contact Service Level Agreements (SLA) in the industry.

Fiber|nex is Global Voice Group’s unique solution enabling customers with their own private fiber network with virtually limitless capacity. Global Voice Group provides clients with the ability to rollout high-capacity broadband services and bandwidth- intensive applications efficiently and securely with built-in network redundancy. Global Voice Group’s metropolitan fiber infrastructure contains an average of six ducts per city with 432 strands of fiber in each duct. The network is designed redundantly in a dense, mesh configuration to provide 100 percent fail-over, mission-critical reliability.

Global Voice Group is Europe’s foremost provider of mission-critical, extreme performance and capacity data services. We serve large Corporates, Carriers and Service Providers door2door. All our services are delivered over our wholly owned, billion euro 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.

Samudera Acquires Two Container Vessels For Inter-Island Operation In Indonesia

Samudera Shipping Line Ltd (the Company) wishes to announce that its subsidiary in Indonesia, PT Samudera Shipping Services, has acquired two container vessels Sinar Ende and Sinar Ambon with capacity of about 200 teus (twenty foot equivalent units) each. The total purchase consideration is about US$ 3.7 million, and is financed through internal resources and bank borrowings.

These two ships are currently deployed by the Group to serve inter-island container shipping market in Indonesia. This addition in the fleet is in response to a growing demand in that market segment.

The acquisitions will accord the Group a greater flexibility in fleet deployment and provide more stability in its overall vessel operating cost.

Samudera Shipping Line Ltd (SSL) was incorporated in Singapore in 1993. The Company was converted into a public company on 2nd October 1997 when its shares got listed and quoted on SESDAQ. Following an approval from the Singapore Exchange, its shares have been transferred from SESDAQ to the Main Board, where Samudera's shares are now listed and quoted since July, 2000.

Completion Of Placement Of 21,000,000 New Ordinary Shares In The Capital Of HLN Technologies Limited

HLN Technologies Limited (the Company) is pleased to announce that the Placement was completed yesterday, pursuant to which 21,000,000 Placement Shares were allotted and issued to the subscribers procured by Kim Eng Securities Pte. Ltd., the placement agent.

The Placement Shares will be listed and quoted on the Official List of the Singapore Exchange Securities Trading Limited (SGX-ST) with effect from 9 September 2008.

The approval in-principle of the SGX-ST is not to be taken as an indication of the merits of the Placement or the Placement Shares.

Listed on 25 November 2005, HLN Technologies Limited (HLN Tech) is involved in the manufacture and sale of a wide range of customized precision elastomeric and polymeric components as well as metallic precision machining components, which are used in a variety of industries principally in office automation, consumer electronics and automotive industries. HLN Tech has in-house material formulation and compounding facilities where it blends the mixture of elastomers and other ingredients to make rubber compound, a raw material used in the production of its precision elastomeric and polymeric components. Beside the manufacture and sale of customized precision elastomeric and polymeric components, HLN Tech also specializes in providing precision polymeric die-cutting services according to customers’ design specification and requirements.

JELCorp Clinches Distribution Rights For ASUS Brand Products From ASUS Technology Pte Ltd

JEL Corporation (Holdings) Ltd. (JELCorp), announced that JEL Corporation (Middle East) Pte Ltd, a wholly-owned subsidiary, has been awarded distribution rights for ASUS brand products in Uzbekistan, Turkmenistan, Tajikistan, Azerbaijan and Kazakhstan with ASUS Technology Pte Ltd.

ASUS, a technology-oriented company blessed with one of the world's top R&D teams, is well known for its high-quality and innovative technology. As a leading company in the new digital era, ASUS offers a complete product portfolio to compete in the new millennium. With unyielding commitment to innovation and quality, ASUS won 2,568 awards in 2007.

With the ASUS distributorship, JELCorp will now distribute all ASUS brand products within the region of Uzbekistan, Turkmenistan, Tajikistan, Azerbaijan, and ASUS brand Notebook in Kazakhstan.

JEL Corporation is an established distributor of fast-moving consumer goods, consumer electronic, IT, photographic, mobility and timepiece products, with distribution networks spanning many emerging markets in Africa, Asia, the Middle East and the Americas. Headquartered in Singapore, JEL Corporation distributes a wide range of world renowned brands such as Apple, Acer, Targus, Linksys,Nikon, Casio, Samsung, Asrock, Foxconn, Tamron, TAG Heuer, Fendi, Dior, Movado, Armand Nicolet and Corum. The Group also distributes its two in-house brands, efiniti and Ecochem. efiniti, a product line for photographic industry, and Ecochem, a product that offers photoprocessing chemicals, which are able to complement our existing network and our principals' range of products.

AusGroup Awarded A$30M Contract

AusGroup Limited (AGL or AusGroup or the Group), an energy and resources specialist, announced the award of an A$30 million labour supply contract for the Blacktip offshore gas field project.

The contract was awarded to AusGroup’s Australian subsidiary, Ausclad Group of Companies Limited (AGC) by a leading international offshore construction services client and the two will work together on the Blacktip offshore gas field project. The gas field is located in the Bonaparte Gulf, about 250 kilometers south-west of Darwin with the offshore gas gathering system located in approximately 52 meters of water. The scope of work includes providing skilled construction personnel for the execution of installation and pipelay work onboard the client’s derrick lay barge/vessel. This includes installing a wellhead platform jacket, piles and topside; which are currently being fabricated by AGC at its Kwinana and AMC facilities. The work is to commence immediately and is scheduled for completion by the end of January 2009.

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.



Arianecorp Acquires 100 Per cent Equity Interest In Star5 Technologies Pte Ltd

Arianecorp Limited (the Company) announced that it has entered into a Sale and Purchase Agreement (the Agreement) on 10 September 2008 with Mr Ng Kok Kiang Lawrence, Mr Teo Tiang Song, Mr Chua Soo Poh and Mr Cher Kwong Teng (collectively referred to as the Vendors) to acquire 100 per cent of the total issued share capital of Star5 Technologies Pte Ltd (Star5), a company incorporated in the Republic of Singapore. Upon the successful completion of the Agreement, Star5 will be a wholly owned subsidiary of the Company.

The purchase consideration of the Proposed Acquisition is S$1.7 million, arrived at on a willing buyer, willing seller, basis. The purchase consideration will be satisfied in full by the allotment and issue of 37,777,778 ordinary shares in the share capital of the Company at an agreed price of $0.045 per share (the Consideration Shares) to the Vendors. The net asset value of the shares acquired based on the unaudited accounts of Star5 as at 30June 2008 is approximately (S$2.23) million.

Completion is expected to take place within ninety (90) days from the date of the Agreement. The Agreement shall terminate automatically if any of the conditions precedent are not fulfilled within six (6) months from the date of the Agreement, or such other date as the parties to the Agreement shall mutually agree in writing.

ArianeCorp was founded in Singapore in December 1984 as Vikay Industrial Limited. From a factory in Pandan Road, the company began to market and manufacture Liquid Crystal Displays and electronics products under the 'Vikay' brand as well as produce customised Liquid Crystal Displays and LCD modules (LCM) for customers in USA, Europe and Asia. Within four years, the Group established subsidiaries in the United States, Europe, Hong Kong and Malaysia. In 1993, the Group was listed on the Singapore Exchange. In January 2002, after a comprehensive restructuring of its business operations resulted in the disposal of nonproductive and non-performing assets of the Group, the Group was re-listed on the Singapore Exchange. Led by a new board of directors and new management team, the Group sought to diversify its business into high growth sectors to enhance its growth prospect. In July 2004, the Group acquired an integrated 11,119km two-core high bandwidth fibre optic network covering 13 provinces and all principal cities in rapidly growing eastern China. The acquisition of a Pan-China fibre network business heralded ArianeCorp's entry into the telecommunications industry. To better reflect this new focus, the Group was renamed ArianeCorp Limited in August 2004. In August 2006, ArianeCorp made further strides in the telecommunications industry with the acquisition of CarrierNet Corporation Limited, the Asia Pacific market leader in a spectrum of telephony services ranging from prepaid communication services to wholesale voice traffic. With the acquisition, ArianeCorp gained access to CarrierNet's global Voice over Internet Protocol (VoIP) network as well as the products and services offered by CarrierNet including its own VoIP service, VoiceBB, as well as wholesale carrier, retail international direct dial and global calling card products and services.

Lexicon Sets Up Joint Venture With Renowned Local Entrepreneur Establishes Web Portal For Children's Products

The Lexicon Group Limited (Lexicon or the Group) announced that the Group’s wholly-owned subsidiary, TLG Specialist Magazines Pte Ld, has entered into a joint venture agreement with Stampsfree Technologies Pte Ltd (Stampsfree) to form a company (JV Co.) to operate a web portal www.juzkids.com.sg, a directory for children’s products and sponsorship management.

Founded by award-winning serial entrepreneur Goh Kim Siew - the developer of the CalendarONE.com, a pioneering Internet events calendar, Stampsfree aims to build on-line communities and marketplaces to bridge the gap between buyers and sellers across a wide range of shared interest, such as that of work and career, education and training, hobbies and recreation, and a variety of other interests.

The portal not only complements Lexicon’s publications in the education industry, it also marks the Group’s foray into the events sponsorship management market.

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 and UK-AIM-listed CEC Unet Plc.

Jurong Tech Inks Agreement With Spirit Solutions Inc. To Design, Develop And Manufacture High-Precision Infrared Thermal Imaging Medical Device For Breast Cancer Screening

Jurong Technologies Industrial Corpn. Ltd (Jurong Technologies or the Company) announced that it has entered into a joint venture agreement with US-based technology firm, Spirit Solutions Inc. (Spirit Solutions) to design, develop and manufacture a revolutionary breast cancer screening system.

The Thermal Imaging Medical System (TIMS) uses ultra-sensitive high-precision infrared thermal imaging cameras for the detection of breast cancer – a procedure with no radiation side-effects and is non-invasive, thus making it safe for women of all ages and conditions. The Group’s subsidiary, Sirius Medical Innovation Pte. Ltd. (SMI), will manufacture TIMS in-house and market it through another of its subsidiary, Sirius d’Innovation Pte Ltd (SDI), which has developed an extensive sales and distribution channel in the Asia-Pacific region. This development will further augment the Group’s strategy to focus on higher value-added products and penetrate into the healthcare sector – a new market for the Group.

SMI has also entered into an exclusive agreement with Singapore’s KK Women’s and Children’s Hospital (KK Hospital) to commence clinical trials for TIMS, which will test the efficacy of the technology in detecting breast cancer relative to conventional methodologies such as mammography, ultrasound and magnetic resonance imaging (MRI). Should the trials be successful, KK Hospital will be the first hospital in Singapore to offer TIMS to the public.

Established in 1986, Jurong Technologies began providing Electronics Manufacturing Services (EMS) to local as well as overseas electronics Original Equipment Manufacturers (OEMs) in 1988, and has today become a name synonymous with top quality and innovative solutions. Headquartered in Singapore, Jurong Technologies has staff spread across its production facilities in Singapore, Malaysia, China (Suzhou and Tianjin), Indonesia (Batam) and Brazil (Jaguariuna), as well as sales and marketing support offices in Singapore and the United States. We are listed on the Main Board of the Singapore Exchange.

Mermaid Secures Contract For Subsea Installation Job From CUEL In The Gulf Of Thailand

Mermaid Maritime Public Company Limited (Company) announced that its wholly-owned subsidiary Mermaid Offshore Services Ltd. (MOS) has secured a contract with CUEL Limited (CUEL), one of the region’s major Engineering, Procurement, Construction, Installation & Commissioning (EPCIC) contractors, to provide saturation and air diving services supported by remotely operated vehicle (ROV) intervention, all utilising the vessel ‘Mermaid Commander’ for CUEL’s various clients in the Gulf of Thailand.

This latest project which supports CUEL’s 2009 subsea installation program is part of a major long term agreement with CUEL in the Gulf of Thailand for various clients of CUEL with options to extend up to the end of 2013.

In the event that the contract is extended until the end of 2013, the contract’s total estimated value would be US$150-200 million. MOS had carried out work for CUEL’s subsea installation programmes for 2006, 2007 and 2008.

Mermaid Maritime Public Company Limited (Mermaid or the Company) is a leading provider of drilling and sub-sea engineering services for the oil and gas industry in South East Asia. Over the last five years, the Company has grown significantly in the areas of sub-sea engineering, and more recently, drilling services for the offshore oil and gas industry as well as in training and technical services. Mermaid has established itself as a company recognized by the industry for high quality services, delivered safely and efficiently. The Company has developed a strong blue chip client base that includes some of the world’s largest oil and gas-related companies. The Company operates throughout South East Asia, particularly in Thailand, Indonesia, Malaysia and Vietnam.

C&O Disposes Of 70 Per cent Equity Interest And A Shareholder Loan In Cang Nan Province Hong Tai Pharmaceutical Company Limited

C&O Pharmaceutical Technology (Holdings) Limited (C&O or the Company or the Group) announced that its wholly-owned subsidiary, Shenzhen Liancheng Medicine Company Limited (Lian Cheng) entered into an agreement to dispose its 70 per cent equity interest in Cang Nan Province Hong Tai Pharmaceutical Company Limited (Hong Tai) to the remaining shareholder of Hong Tai (Mr Xu) at a consideration of RMB 2,424,450 and RMB 670,000 respectively.

The consideration for the 70 per cent equity interest in Hong Tai will be paid in cash. Mr Xu will also take up the Shareholder Loan, amounting to approximately RMB7,670,000 that Lian Cheng made to Hong Tai. A gain of approximately HK$2,500,000 will be recorded by the Group in the result of the first quarter ending 30 September 2008 as a result of the disposal.

The disposal of Hong Tai is in line with the Group’s strategy to focus on higher-margin exclusive and own-branded products, which will streamline the Group’s structure and enhance cost efficiency.

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.

RafflesEducationCorp Founder Pledges S$100 Million To Chew Hua Seng Foundation In Aid Of Economically-Disadvantaged Students

Mr Chew Hua Seng, the Founder, Chairman and CEO of Mainboard-listed Raffles Education Corporation Limited (RafflesEducationCorp or the Group) officially pledged S$100 million to the Chew Hua Seng Foundation, to be injected over ten years, to support projects related to the Foundation’s cause in Singapore, China and the region. This was announced in conjunction with the UBS Global Philanthropy Forum, to be held in Singapore on September 12 to 13, where over 200 eminent private philanthropists, social entrepreneurs, and other leading representatives from civil society around the world will congregate.

Guided by Mr Chew’s motivation to provide young people with equal opportunities, the Chew Hua Seng Foundation was incorporated in November 2007 to provide basic necessities to economically disadvantaged youths, to motivate them to succeed in school and spur them to perform to their best abilities. Based in Singapore, the Foundation has, over the past year, achieved a credible track record in its charitable efforts. It has contributed to various charitable organisations and supported projects in Singapore and China, starting with the establishment of the Chew Hua Seng Bursary Fund for Dong Hua University Education and Continued Development in November 2007. This was followed by the Chew Hua Seng Bursary Project at Beijing Institute of Technology in January 2008, and the Langfang Municipal Chew Hua Seng Bursary in June 2008, both in aid of students facing economic difficulties.

Closer to home, the Foundation has also contributed positively to Mr Chew’s alma mater, Montfort Secondary School, by financially supporting the construction of Sanctuary @ Montfort – a place for students to rest, read and play, as well as the School’s Indoor Sports Hall Building. To date, the Foundation has committed almost S$24 million to a total of 18 worthy causes, bringing hope and joy to many economically-disadvantaged youths around the region.

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.

Armstrong Registers Wholly-Owned Subsidiary

Armstrong Industrial Corporation Limited (Armstrong or the Company) announced that the company's subsidiary, Armstrong Odenwald (Asia) Pte Ltd (Armstrong-Odenwald Asia) has registered a wholly-owned subsidiary, Armstrong Odenwald Technology (Wuhan) Co., Ltd. (Armstrong Odenwald Wuhan), in China.

Armstrong-Odenwald Asia is a 80 per cent-owned subsidiary of the Company. The balance of 20 per cent shares is held by a German partner, Odenwald-Chemie GmbH.

Armstrong Odenwald Wuhan was establisbed with the registered capital of US$600,000. The principal activity of Armstrong Odenwald Wuhan is that of the production of noise and vibration reduction components for the automotive industry.

Armstrong Industrial Corporation first started out as a contract supplier of rubber foam parts for the marine industrial sectors. Since then, the company has grown to become a leading precision engineering specialist in various industries and regions. In providing precision engineering solutions in Precision Die-Cut, Rubber Moulding, Metal Stamping, Heat Press Moulding & Vacuum Forming for the support of customers in diverse industries, over 300 multi-national clients have chosen Armstrong as their strategic partner for their long-term requirements and operational needs.

AEI Invests In Subsidiary, AEI (China) Holdings Pte Ltd

AEI Corporation Ltd (the Company) announced that the Company has increased its investment in the share capital of its joint-venture company, AEI (China) Holding Pte. Ltd. by subscribing for an additional 749 ordinary shares at the price of S$1/- each in the capital of AEI (China) Holdings Pte. Ltd.

With the increased investment, the Company’s shareholdings in AEI (China) Holdings Pte. Ltd. have increased from 1 share to 750 shares, and from 50 per cent equity interest to 75 per cent equity interest, thereby making AEI (China) Holdings Pte. Ltd. a subsidiary of the Company.

The increased investment of S$749/- was funded through internal resources.

AEI Corporation is principally engaged in the production of quality precision aluminium alloy extruded profiles. As an added service to our customers, we also provide anodising services in order to meet our customers' finishing requirements. Our business is categorised into two broad segments, namely, (a) electronics and precision engineering, and (b) construction and infrastructure building.

Upcoming Debut Of Lincoln Suites - A Luxury Twin Tower Joint Condominium Development Unveiled By KSH Holdings, Heeton Holdings, Koh Brothers, And Lian Beng Group

KSH Holdings (the Company) together with Heeton Holdings Limited (Heeton Holdings), Koh Brothers Group Limited (Koh Brothers Group) and Lian Beng Group Ltd (Lian Beng Group) (collectively known as the Consortium) announced the upcoming debut of their joint development, Lincoln Suites a 175-unit luxury twin tower condominium located in the Newton District.

The Consortium, formed with equal shares each, had in June 21, 2007 announced the acquisition of the prime Lincoln Lodge site at 1/3 Khiang Guan Avenue, off Newton Road, in District 11, for a total consideration of S$243 million.

The transaction was financed through a combination of internal cash resources and bank borrowings.

KSH Holdings Limited 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:-

  1. construction in Singapore and Malaysia; and
  2. property development and property management in the PRC.

We act as main contractors in construction projects for private and public sector customers in Singapore and for private sector customers in Malaysia. Our construction businesses in Singapore and Malaysia are carried on by our wholly-owned subsidiary, KSHEC, and our wholly-owned Malaysian subsidiary, Techpath, respectively. Our clients typically include property developers, land owners and governmental bodies. Our Group has two property developments in the PRC, one being Tianxing Riverfront Square in Tianjin, which was developed by our subsidiary, Tianjin Tian Xing Real Estate, and the other being Liang Jing Ming Ju in Beijing, which was developed by our associated company, Jin Hua Tong Da. Our Group also has a property management arm that manages Tianxing Riverfront Square. Our property management business in the PRC is undertaken by our subsidiary, Tianjin Tian Xing Property Management.

RafflesEducationCorp Establishes New College In Langfang, Hebei Province, China

Raffles Education Corporation Limited (RafflesEducationCorp or the Group), the largest private education group in the Asia Pacific region, today announced that it has received approval from the Hebei Province Education Bureau to establish Langfang Oriental College in Langfang, Hebei Province, China.

The Group will invest RMB3,000,000 (approximately S$621,000) into the new college over the next five years, and the first intake is expected to commence in January 2009. The college will offer Advanced Diplomas in Fashion Design, Multimedia Design, Accounting, Business and Management, Aviation Services and Logistics.

With the addition of this new college, the Group currently operates three universities and 24 colleges across nine countries in the Asia-Pacific region.

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 24 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.


CEO's Walk The Talk

“…Our latest acquisition, a 99% stake in Zhongfa Education in June this year could not have been more timely. Offering vocational and technical education through its Zhongfa College, the institution will serve as a feeder school for our tertiary education system in China. Organically, we continued to build on our successes, opening a new Raffles Design Training Centre in Hanoi and a new Hartford Business Training Centre in Ho Chi Minh. With 4 colleges under the Raffles and Hartford brands in Vietnam, we are confi dent that Vietnam’s burgeoning economy will fuel our strategic growth in the country. Our 55 International Admissions Offi ces that form our regional recruitment network have been increasing their contribution with growing students recruited and is a key driver to the Group’s student enrolment numbers.”

Chew Hua Seng
Chairman and CEO
Raffles Education Corp

Singapore's Most Promising Company Profile

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.




Historical Price Data
 Date Open High Low Close
12 Sep 2008 0.825 0.855 0.825 0.830
11 Sep 2008 0.830 0.850 0.790 0.815
10 Sep 2008 0.850 0.850 0.820 0.825
09 Sep 2008 0.850 0.870 0.850 0.865
08 Sep 2008 0.830 0.875 0.870 0.870

Historial EPS ($) a
Rolling EPS ($) e
NAV ($) b
Historical PE
Rolling PE f
Price / NAV b
Dividend ($) d
52 Weeks High
Par Value ($)
Dividend Yield (%) d
52 Weeks Low
Market Cap (M)
Issued & Paid-up Shares c
a Based on latest Full Year Results Announcement
b Based on latest Results Announcement (Full Year, Half Year or Interim)
c Rounded to the nearest thousand. Updated on 27/08/2008. Please click here for more information.
d Dividend is based on latest Full Year results announcement and excludes special dividend.
e Summation of the earnings from the latest 4 Quarter (or 2 Half Year) results announcement, adjusted for the current number of shares.
f Based on rolling EPS


Sep 11, 2008

RafflesEducationCorp Founder Pledges S$100 Million To Chew Hua Seng Foundation In Aid Of Economically-Disadvantaged Students

Sep 08, 2008

RafflesEducationCorp Establishes New College In Langfang, Hebei Province, China

Aug 28, 2008

RafflesEducationCorp Establishes New College In Yunnan, China

Aug 25, 2008

RafflesEducationCorp Delivers Another Record Net Profit Of S$99.4 Million In FY2008

Aug 25, 2008

Notice Of Book Closure Date For Dividend

Disclaimer: Although every reasonable care has been taken to ensure the accuracy and objectivity of the information contained in this publication, neither the publishers, authors and their employees and agents can be held liable for any errors, inaccuracies and/or omissions, howsoever caused. We shall not be liable for any actions taken based on the views expressed, or information provided within this publication. Information within this publication should not be taken or construed as an offer of, or the giving of, advice to buy or sell securities. The publishers, its associated companies and their officers, directors, employees may own or may have owned or have positions in the securities mentioned or reported in this publication, and may from time to time, add on to or dispose such securities. You should always seek your own professional advice from the appropriate advisor or institution. No part of this publication may be reproduced, stored, transmitted in any form of by any means without the permission of the Publisher.
ShareInvestor Pte Ltd 158 Cecil Street #08-03 Dapenso Building S(069545)
Tel: 62208807 Email: admin@shareinvestor.com