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Posted by admin on July 26, 2009 under Articles | 
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Singapore Listed Company News
Qian Hu: Reply To Management Online Q&A With Investors. – Dear Jayster, you wrote: Hi Kenny, Notable set of 2Q09 results. Well done! I would like to ask some questions about your India JV with Messrs Star Agencies. Can you give us some background about your India partners? How did you get to know them and what value do they bring to the table in the JV? I personally do not think India is a good market for ornamental fish as most of the country is in poverty. I think they would rather eat fish than rear it. What do you think…
Cosmosteel: Extension Of Supply Agreement With ExxonMobil Asia Pacific Pte. Ltd. – Cosmosteel Holdings Limited is pleased to announce that Kim Seng Huat Hardware Pte Ltd, the wholly-owned subsidiary of the Company, has recently secured an extension of a contract to supply Exxonmobil Asia Pacific Pte. Ltd. with pipes, fittings and flanges. Pursuant to the renewed supply agreement, KSH will continue to supply materials to Exxonmobil up to 31 July 2010 at revised prices. The Group expects the contract to continue to contribute to the Group’s revenue for the last quarter of FY2009 and the first three quarters of FY2010…
CapitaMall Trust: Achieves 15.8% Higher Second Quarter 2009 Distributable Income Year-on-Year. – CapitaMall Trust is pleased to announce a distributable income of S$67.9 million for the Second Quarter 2009, which is S$9.3 million or 15.8% higher than S$58.6 million for the Second Quarter 2008. CMT remains committed to maintain an annual 100% distribution payout. Unitholders can expect to receive their Second Quarter 2009 distribution of 2.13 cents per unit on 28 August 2009. The Books Closure date is on 3 August 2009…
Cambridge: Reports 4.2% Growth On DPU For The Second Quarter Of 2009. – Cambridge Industrial Trust is pleased to announce a distribution of 1.345 cents per unit for the quarter 1 April 2009 to 30 June 2009. Our second quarter result reflects the strength of leases and stability of cashflow. DPU has increased 4.2% from the first quarter while our portfolio occupancy has increased 0.3% Q-o-Q to 99.5%. This is consistent with our proactive asset management strategy which involves working closely with our tenants to identify value adding opportunities…
OSIM: Plans To Open More Outlets In China. – OSIM would like to provide further information on plans to open outlets in China. As of 30 June 2009, the Group has about 200 OSIM outlets and 18 RichLife in China. The Group has identified potential growth opportunities in China. Subject to the prevailing economic environment and consumer demand, the Group plans to open between 50 to 80 OSIM outlets per year within the next 3 to 5 years and plans to add another 60 to 100 nutritional supplement outlets per year under the RichLife brand…
CCT: Quill Capita Trust’s 2Q 2009 Profit After Taxation Up By 19.8%, Achieved DPU Growth Of 12.5%. – Quill Capita Trust is pleased to announce that QCT has achieved a profit after taxation of RM8.09 million for the second quarter ended 30 June 2009. This is an increase of 19.8% compared to the RM6.75 million reported for the corresponding quarter in 2008. Profit after taxation for the first half of the financial year 2009 rose by 11.5% to RM15.44 million from RM13.85 million in the same period last year…
Yanlord: Launches Inaugural Batch Of 636 Apartment Units At Nanjing Yanlord Yangtze Riverbay Town Phase 1; Contracted Pre-Sales Of RMB 1.15 Billion Recorded For Initial 597 Units Sold. – Yanlord Land Group Limited announced that it had sold approximately 94% or 597 of the 636 apartment units in Nanjing Yanlord Yangtze Riverbay Town Phase 1 that were launched on 18 July 2009. Average selling price of approximately RMB15, 000 per square metre was achieved for the 76,600 sqm gross floor area launched…
Tat Seng: MoU With Shangdong Weihai New Industrial District Administrative Committee. – Tat Seng Packaging Group Ltd wishes to announce that the Company had entered into a non-binding memorandum of understanding with Shangdong Weihai New Industrial District Administrative Committee of the People’s Republic of China pursuant to which the parties have proposed to build a corrugated plant for production of corrugated boards, corrugated cartons and other packing products in the Shandong Weihai New Industrial District. Under the MOU, the Company has proposed an total investment of USD20,000,000/- over certain number of years…
CRCT: 2Q 2009 DPU Increases By 14.1% Year-on-Year. – CapitaRetail China Trust is pleased to announce a distributable income of S$12.0 million for the financial period from 1 April 2009 to 30 June 2009. The actual income available for distribution in 2Q 2009 is S$12.8 million. To be prudent, the manager has retained 6.3% of the amount or S$0.8 million. The manager remains committed to distribute 100% of the total income available for distribution for the full financial year ending 31 December 2009…
First REIT: 2Q 2009 Distributable Income Up 1.5% To S$5.3 Million. – First Real Estate Investment Trust announced that its distributable income for the three months ended 30 June 2009 rose 1.5% to S$5.3 million. The latest quarterly results confirm First REIT’s resilient rental revenue structure. First REIT’s distribution per unit also rose 0.5% to 1.92 Singapore cents. Based on its closing price of S$0.675 on 21 July 2009 and the annualised DPU of 7.66 Singapore cents, First REIT registered a distribution yield of 11.3% at the end of the period…
Rotary: Secures S$48M Contract To Build Ammonia Storage Tank And Facilities In Thailand. – Rotary Engineering Limited has inked an Engineering, Procurement and Construction deal totalling S$48 million with Thailand’s PTT Tank Terminal Company Limited for the PTT Tank Terminal Project. The contract was secured through Rotary’s Thai unit, REL-TREL Joint Venture, for the construction of an ammonia storage tank and facilities at Map Ta Phut petrochemical hub at Rayong Province, Thailand…
Rotary: Awarded Contracts Totalling S$36 Million For Works At Neste Oil’s Tuas Plant. – Rotary Engineering Limited has signed two contracts totalling S$36 million with Neste Oil Singapore Pte Ltd to undertake works at Neste’s S$1.2 billion NExBTL Renewable Diesel Plant in Tuas. The contracts relate to electrical and instrumentation works as well as mechanical, piping, painting and steel structures works. Rotary will be working with Technip Singapore Pte. Ltd., the party appointed to manage all construction contracts on behalf of Neste Oil…
SG Companies News
Gates Electronics in $105m reverse takeover – IN a season where S-chips have got a bad rap, Gates Electronics is hankering to become an S-chip. It is the first firm this year to have obtained shareholder approval to list a firm with operations in China via a $105 million reverse takeover deal.
Chartered posts US$42m Q2 net loss – CHARTERED Semiconductor Manufacturing has gained more ground along its recovery trek despite staying in the red for its second quarter.
Keppel big winner at workplace safety awards – DESPITE a busy 2008 churning out rigs for the global oil and gas industry, Keppel Corp’s offshore and marine (O&M) division maintained high safety standards, making it a big winner at the Annual Workplace Safety and Health (WSH) Awards held yesterday by the WSH Council and the Ministry of Manpower.
SingTel move to better protect shareholders – SINGAPORE Telecommunications (SingTel) has reduced the amount of shares it can issue without additional shareholders’ approval from 10 per cent to 5 per cent.
CapitaMall‘s Q2 distributable income up 15.8% to $67.9m – AFTER weathering half a year of bleak retail news, CapitaMall Trust’s (CMT) distributable income rose 15.8 per cent to $67.9 million for the second quarter of 2009, year-on-year.
Take up PetroChina’s SPC offer: IDs – SHAREHOLDERS of Singapore Petroleum Company (SPC) should accept the takeover offer by PetroChina, SPC’s independent directors said yesterday on the advice of the independent financial adviser (IFA).
Fragrance Group buys two more properties – PROPERTY and hotel firm Fragrance Group has bought two more properties, taking the total value of its acquisitions in the past month to close to $100 million. The company yesterday announced the acquisition of a 4,453-square-metre plot of land on Telok Kurau Road for $36.5 million and a 2,056-sq-m freehold site on Pasir Panjang Road for $23 million. The company’s two other acquisitions since mid-June cost a total of $33.51 million.
Financial help for former Sesdaq firms – THE Singapore Exchange (SGX) is offering financial assistance and more time to former Sesdaq companies to help them stay listed under the sponsor-supervised Catalist regime that replaced Sesdaq in December 2007.
Etika to buy Viet dairy firm for US$8.5m – ETIKA International is poised to enter Vietnam’s food and beverage market by acquiring a dairy company in Ho Chi Minh City for US$8.45 million. The sale-and-purchase agreement for a 100 per cent equity interest in Tan Viet Xuan (TVX) was announced yesterday.
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