Singapore Companies Stock Market News

Posted by admin on July 18, 2009 under Articles | 2 Comments to Read

Yanlord: Breaks Ground For Its RMB 4.0 Billion Landmark Integrated Development – Zhuhai Yanlord Marina Centre; Extends Leading Presence Within The Pearl River Delta Region. – Yanlord Land Group Limited announcedthe ground-breaking for its RMB 4.0 billion integrated residential and commercial development in Zhuhai, China – Zhuhai Yanlord Marina Centre. Conducted amidst much fanfare, the ground-breaking ceremony signifies the beginning of the development of approximately 300,000 square metre gross floor area of integrated residential and commercial development consisting of high-end residential apartment units, retail mall, Grade A office space and a five-star hotel…

A-REIT: Achieved 15.8% Year-On-Year Increase In Net Property Income For 1Q FY2009/10. – Ascendas Real Estate Investment Trust is pleased to announce a Net Property Income of S$80.7 million for 1QFY09/10 which is 15.8% higher than 1QFY2008/09 due mainly to an enlarged portfolio. Distribution per unit of 3.62 cents, based on a larger unitholder base, compares favourably to a proforma DPU of 3.07 cents in 1QFY08/09 taking into account units issued as at 30 June 2009…

Midas: Share Placement Meets With Overwelming Response; S$90.6 Million Raised To Fund Expansion Plans. – Midas Holdings Limited is pleased to announce that it has successfully raised gross proceeds of S$90.6 million through a private placement of 120 million new ordinary shares representing 14.2% of the existing share capital of the Company, at the price of S$0.755 per share. The placement received strong demand from investors, including tier one global funds, long and hedge funds and support from existing shareholders…

Ezra: Enters Next Expansion Phase With Vibrant New Strategy That Will Pump Up Growth. – Ezra Holdings Limited has unveiled a vigorous new strategy that will ramp up growth, to fully mine the Group’s assets and propel it forward into its latest expansion phase. Ezra aims to significantly enhance its value-add across the Group by layering even more services onto the manifold offerings already provided by its young and sophisticated fleet. By doing so, it will be able to offer customers complete solutions and widen its operations in ways that go far beyond the acquisition of new assets…

ECS Holdings: Appoints China’s ICT Industry Veteran Mervyn Mao As Chief Executive Officer, ECS CHINA To Accelerate Growth. – ECS Holdings Limited announced a new appointment to boost its senior executive management team. The Group has appointed a 20-year veteran of China’s ICT industry, Mr Mervyn Mao, as the new Chief Executive Officer of the Group’s 100%-owned China subsidiary, ECS Technology (China) Limited. Mr Mao’s appointment underscored the Group’s focus on channelling more resources to drive continued growth in its single largest and most important market, China, which accounted for 51% of Group revenue and 48% of Group profit before interest and tax for FY2008…

Design Studio: Wins S$27.03 Million Contract From One Of The Largest Township Developments In Abu Dhabi. – Design Studio Furniture Manufacturer Ltd has successfully clinched a contract from one of the largest urban development projects in Abu Dhabi. The Group secured a S$27.03 million residential project at Rihan Heights within a township development called Arzanah located at the capital of United Arab Emirates, Abu Dhabi. Arzanah is conceived by world-renowned award-winning master planner Sasaki Associates of the USA and SMC Alsop of the UK. This new township, developed by Capitala, a joint venture between Capitaland and Mubadala, is a USD$6 billion development on Abu Dhabi island…

StarHub: Terry Clontz To Retire As CEO In January 2010. – StarHub Ltd announced that Terry Clontz will retire as its CEO in January 2010, but he will continue as a Director with the Group. Succeeding him as CEO is telecommunications industry veteran, Neil Montefiore. Terry, 58, joined StarHub in January 1999 as its founding President and CEO. He also serves as a Director on StarHub’s Board…

Swiber: Invite You To Our First WalktheTalk Seminar On 27th July 2009. – WalktheTalk is Swiber’s avenue and venue for learning and inspiration. We want to harness the endless source of ideas and inspiration that is inherent in the human spirit. We believe in the power of talk and its ability to make us take the first step towards the right direction and towards new and exciting journeys…

Advanced: Successfully Clinches S$17.0 Million In Refinery And Petrochemical Contracts. – Advanced Holdings Ltd. announced that it has successfully secured three new contracts totaling approximately S$17.0 million. Two of these projects, which were awarded to Advanced by the PRC’s largest oil and gas producer, Petrochina, are for petrochemical plants located in the country’s Sichuan and Liaoning Provinces, while the third is for an oil refinery, owned by India’s flagship national oil company and downstream petroleum major, Bongaigaon Refinery and Petroleum Limited., in Assam, India…

SPH: Reports Third Quarter Net Profit Of $127 Million. – Singapore Press Holdings Limited reported its results for the third quarter ended 31 May 2009. Recurring profit declined marginally by 2.8% to $131.3 million. The Group’s investment portfolio recorded a gain of $17.6 million compared to $25.7 million in the corresponding quarter last year. Overall, net profit of $126.7 million was lower by 5.0% compared to $133.4 million achieved in the corresponding quarter last year…

Midas: Secures Additional Fabrication Contract Worth RMB48 Million. – Midas Holdings Limited is pleased to announce that its Aluminium Alloy Division, Jilin Midas Aluminium Industries Co., Ltd has secured an aluminium alloy train car body fabrication contract worth RMB48 million. Awarded by Changchun Railway Vehicles Co., Ltd, the contract involves the provision of fabrication and welding services for large component panels used in the flooring, sides, front, back and roofing of metro train cars. The contract value represents solely processing fees for fabrication and welding services…

HG Metal: Business Associates To Snap Up S$22.5 Million New Shares. – HG Metal Manufacturing Limited has entered into 11 separate subscription agreements to allot and issue an aggregate of 225,000,000 new ordinary shares in the capital of the Group. The total consideration would amount to S$22.5 million. When completed, the subscription will increase the existing issued share capital of HG Metal from S$89.5 million comprising 550,671,962 shares to S$112.0 million comprising 775,671,962 shares…

SG Companies News
Bid to delist CK Tang hits another road block – IT’S not victory yet for the Tang brothers looking to delist CK Tang in their third attempt.

A-Reit’s Q1 property income up 15.8% – ASCENDAS Real Estate Investment Trust (A-Reit) yesterday posted a net property income of $80.7 million for its first quarter ended June 30, 2009. This is 15.8 per cent more than that a year ago, due mainly to contributions from a bigger portfolio.

Guangzhao appoints agent to sell assets – TROUBLED S-chip Guangzhao Industrial Forest Biotechnology Group yesterday announced the appointment of a non-exclusive agent as part of its bid to pay its bills. Ferrier Hodgson in Shanghai will facilitate and administer the sale of part of Guangzhao’s forestry assets.

Wong Pakshong gives up another directorship – BANKING veteran Michael Wong Pakshong has relinquished another directorship – this time with Bukit Sembawang Estates.

OSIM price surge sparks query – A SPIKE in price and unusually high trading activity for OSIM’s shares – less than a week before the release of the company’s Q209 financial results – sparked a query from the Singapore Exchange (SGX) yesterday.

Best World sets up China unit – HEALTH and wellness company Best World International has incorporated a subsidiary in China with registered capital of US$12 million.

Tough times ahead for refiners – REFINERS will face tough times until demand for oil products starts to recover, Fitch Ratings has warned.

OUE expects Q2 net loss – OVERSEAS Union Enterprise (OUE) said it will report a net loss for its second-quarter results as it writes down two development properties in its portfolio.

Cambridge Reit drops purchase of property – CAMBRIDGE Industrial Trust is not taking up an option to buy and lease back a $55.2 million industrial property at Tai Seng Street.

MAP Tech posts Q2 net loss – MAP Technology Holdings yesterday reported a net loss of US$21.5 million on revenue of US$38.9 million for the second quarter to June 30.

Profit warnings from four companies – AT LEAST four companies yesterday issued profit warnings. HLN Technologies said it expects to report a ‘significant loss’ for the financial year to June 30.

Reits seen posting lacklustre Q2 results – REAL estate investment trusts (Reits) are expected to report lacklustre earnings for the second quarter on the back of falling occupancies and rents across their portfolios.

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