Share market blog update
- Singapore stock market corporate news and announcements

Multi-Chem reduces investment in wholley owned subsidiary Multi-Chem China.

HPL requesrs trading halt

Fraser & Neave divests Times Printers Ltd (Australia) for a consideration of A$80mil.

Omega Navigation to present at the Jefferies Shipping Conference in New York

* Eastern Holdings Ltd - Requests for trading halt as on 21st Sept @9am, pending announcements

* Suntec REIT - the proposed acquisition of a one-third interest in One Raffles Quay, has been despatched to the unitholders of Suntec REIT.
Following the initial announcement of the proposed acquisition of a one-third interest in One Raffles Quay on 30 July 2007, Moody's Investors Service has in a press release dated 3 August 2007, affirmed the Baa1 corporate family rating and
Baa2 senior unsecured debt rating for Suntec REIT, with a stable outlook.

* EI-Nets Ltd - Proposed Share Subscription By Dr Anthony Soh: Under the Subscription Agreement, Dr Soh will subscribe for 280,000,000 new ordinary shares in the capital of the Company. The issue price of each Subscription Share S$0.035 (the "Issue Price"), which is equivalent to the weighted average price of the shares of the Company for trades done for the full market day on 20 September 2007, being the last full market day preceding the signing of the Subscription Agreement.

* Ezra Holdings Ltd - COMPLETED CONDITIONAL SALE OF SHARES IN EZRA'S SUBSIDIARY, EOC LIMITED: Ezra received orders to buy up to 36,413,500 shares at a price of NOK 22 per share. The price was determined through a book-building process conducted by Pareto Securities manager for the transaction. Ezra will offer additional shares to be placed through a retail offering in the Norwegian market in order for EOC to create the necessary free float and obtaining the number of round lot holders necessary for EOC to fulfil the listing conditions on the Oslo Børs ASA.
The shares conditionally sold in the Private Placement will be settled and delivered subsequent the offer period for the retail offering. In the event EOC does not obtain the necessary number of round lot holders, no shares will be sold by Ezra. The retail offering will further reduce Ezra's holding. EOC expects to list on the Oslo Børs on or about 3 October 2007.

K-REIT Asia - Further to the announcement relating to the proposed acquisition of a one-third interest in One Raffles Quay through the acquisition of one-third of the issued share capital of One Raffles Quay Pte Ltd by K-REIT Asia from Boulevard Development Pte Ltd has received from Singapore Exchange Securities Trading Limited a waiver from Rule 812(1) of the SGX-ST Listing Manual to issue and allot New Units to Directors of the Manager and their immediate family members under an ATM Offering, if any.


Add Value - Addvalue Communications Pte Ltd, a whollyowned subsidiary of Addvalue Technologies Ltd, enters into an MoU with IMST GmbH, a company established in Germany, to jointly develop land mobile and maritime BGAN terminals targeting the fast growing land mobile and maritime markets. In line with co.'s direction to enhance the attraction of our Addvalue satellite communication products family to end-users and potential buyers.

CAO: Voluntary liquidation of Greater China Travel Industry (S) P L as part of company's effort to wind up itz non-core business. No material impact on EPS & NTA for 31 Dec 07

chip ENg Seng: Placement & listing of an aggregate of 60,726,290 new shares been admitted to the official list of the SGX-ST on 20 Sept 07 9am.

Zhonghui Holdings: Approved acquisition 42.06% of Baoji Zhongcheng Machine Tooling Co Ltd for RMB218.89M ffrom Shanxi Guangtai Industry. Option to increase stake to 51% by end '08

Bayan Tree: First city club in asia to launch in Seoul, South Korea. Not expected to have any material impact on group's earnings & NTA for '07

City Spring: Basslink acquisition to increase DPU by 16.7% to 7 cents until mar '09. Basslink expected to provide LT, regular, predictable revenues dervied from a 25 yr contact with Hydro Tasmania

Richland: Its 50% owned subsi acquired PT Global Transport Abadi using a paid up capital of SGD33,333. It would be engaging in logistics business.
This transaction would not have any material impact on EPS and NTA for 31 Dec 2007.

SC Global: Proposed to subdivide every ordinary share into two ordinary share which had just been approved by SGX.

Asiatic: Announced redeemable zero coupon convertible bond issue of sgd30mil. Also, a trading coy, DB Zwirn Mauritius Trading had excercised its right to convert Sgd400k in the initial tranch at a conversion price of
$.1161 for ea share.

Rotary Engineering: Coy takes 45% stake in JV, venturing into LNG biz in china. This allows coy to participate in the energy sector in China. Rotary will make an initial paidup capital of RMB100mil and would engage in transporation of LNG from production field to storage centres. According to coy, china is an energy thirsty and energy dependent country with environmental consideration. Hence LNG, with its environment friendly and affordable characteristics is the best candidate for coy's quest in alternative fuels.

STXPO: Primary listing on Korea Stock Exchange. 343 mill new shares for amount of KRW 590,125mill

TREK: Secures S$38mill order per annum comprising supply of Customized Storage Solution for DVCs to major Japanese MNC like Sony, JVC, Panasonic.
Contributions to commence in final quarter of FY2007 and significant positive impact in FY2008.

FERROCHINA: Completed upgrade of a line that will have an annual production capacity of 300,000 mt and is expected to replace part of the outsourced sales capacity.

AUSGROUP: Ausgroup expands maintenance service at refinery sites. Work valued at approximately A$45.0 million over 3 years.

HMI: Minister for Manpower officiates the launch of HMI Institute of Health Sciences' new training centre and Community Health Care Assistant Course New premises boast of a 13,000 square feet purpose built training centre with skills laboratory facilities. Appointed by WDA to manage new community healthcare assistant training course for step-down care institutions.
Signing of MOUs between HMI and 7 community hospitals and nursing homes

BRC: Trading halt

NIKKO CORDIAL CORP: Forecast of 1st half earnings ending 31 March 2008.
revenue down about 30% yoy and net profit down by about 67%

MAPLETREE LOGISTICS TRUST - Expands Japan Portfolio with Acquisition of Distribution Centre