IndoAgri: PT Salim Ivomas Pratama Tbk's Shares Are Listed On The Main Board Of The Indonesia Stock Exchange.

PT Salim Ivomas Pratama Tbk's shares commenced trading on the Main Board of the Indonesia Stock Exchange under the symbol "SIMP", following the completion of its Initial Public Offering of 3,163,260,000 ordinary shares at Rp1,100 per share. The net proceeds from the IPO is approximately Rp3.35 trillion, of which approximately 51% will be used to reduce indebtedness, approximately 39% will be used for the Plantation Division to expand new planting and maintenance programs and the construction of processing mills and supporting infrastructure within five years and approximately 10% will be used for the Edible Oils and Fats Division for the... FULL DETAIL

Mermaid: Commences Strategic Initiative To Enhance Shareholder Value.

Mermaid Maritime Public Company Limited considers that its prevailing share price is undervalued relative to its underlying fundamentals. Mermaid is pursuing a two-pronged strategy to unlock this shareholder value. First, Mermaid is planning to consolidate its drilling business through the establishment of Asia Offshore Drilling Limited as a niche owner and operator of high-specification jack-up rigs, scheduled to be listed on the Oslo Axess by the end of June 2011. It is the intention of Mermaid that all key drilling personnel, systems, and documents will be transferred into AOD over the next coming months to manage and prepare for the operation of AO... FULL DETAIL

Midas: Secures RMB62 Million Contract From CNR Changchun.

Midas Holdings Limited announced that its Aluminium Alloy Division, Jilin Midas Aluminium Industries Co., Ltd has secured a RMB62 million contract from CNR Changchun Railway Vehicles Co., Ltd for the Shanghai Metro Line 12 Project. Under the terms of the contract, Jilin Midas will supply aluminium alloy extrusion profiles for 41 train sets, or 246 train cars, with delivery expected to take place from 2011 to 2013... FULL DETAIL

Riverstone: Construction Of 2 New Production Dipping Lines.

Riverstone Holdings Limited would like to announce the award of a contract to a company in Malaysia to build 2 new production dipping lines at its factory located at Bukit Beruntung, Selangor Darul Ehsan, Malaysia at a cost of approximately RM 4.7 million by its wholly-owned subsidiary, Riverstone Resources Sdn Bhd. Completion of the 2 new production dipping lines is expected before end of December 2011. When completed, the Group's annual production capacity will increase from 2.3 billion gloves to 2.52 billion gloves by end of the year 2011... FULL DETAIL

STX OSV: Secures Contracts For Two Platform Supply Vessels For Island Offshore.

STX OSV Holdings Limited is pleased to announce that it has secured new contracts for the construction of two Platform Supply Vessels for Island Offshore. The total value of the contracts amounts to approximately NOK 750 million. The vessels will be of Rolls Royce's UT 776 CD design. The overall length of each vessel will be 96.8 meters with a beam of 20.0 meters, and the deadweight will be 4800 DWT. Deliveries are scheduled from STX OSV Brevik in Norway in the first and third quarter 2013 respectively. The hulls of the vessels will be delivered from STX OSV Braila in Romania. The contract for the second vessel is subject to certain conditions being...FULL DETAIL

OSIM: Raises S$120 Million Unsecured Convertible Bonds Due 2016.

OSIM International Ltd is pleased to announce that the S$120 million unsecured convertible bonds due 2016 have been fully placed to institutional and accredited investors. The convertible bonds, which have a term of 5 years, will be convertible into new OSIM ordinary shares at an initial conversion price of S$2.025 per new share. The initial conversion price has been set at a 25% premium over the closing price of S$1.62 per OSIM share on 7 June 2011. The Singapore-Dollar denominated bonds will bear interest at the rate of 2.75% per annum, payable semi-annually in arrear. Upon full conversion of the bonds, a total of approximately 59,259,259 new OSIM or... FULL DETAIL

Malaysia Airlines: To Join oneworld Alliance.

Malaysia Airlines is to join oneworld, adding one of aviation’s most frequent award winners to the world’s leading quality airline alliance. Malaysia Airlines was unanimously elected a oneworld member designate by the Chief Executives of the alliance’s member airlines, at a meeting on the sidelines of IATA’s 2011 World Air Transport Summit. A formal alliance membership agreement will be completed soon. Malaysia Airlines is expected to start flying as part of oneworld late next year... FULL DETAIL

Pruksa: International Aspirations Focus On High-End Quality.

After six years of building highrise residences, the townhouse market leader Pruksa Real Estate Plc is targeting more foreign condominium buyers and taking the next step to becoming a major global developer. The company's first stage lasted from its establishment in 1993 until 2005 with a focus on townhouses, in which it led the market. The second stage since 2005 has made Pruksa a full-line developer. Internationally, it has developed townhouses, single houses and duplexes in India and low-rise condominiums in the Maldives and Vietnam. In Thailand, it develops condos in a wide price range... FULL DETAIL