Singapore stock market financial news and announcements

Global Voice will deploy IP¦nex a next generation suite of massively scalable, highperformance IP solutions providing Allianz Worldwide Care with the highest performance access to the Internet.

Kian Ann Engineering announces rights issue of 116m new ordinary shares at an issue price of S$ 0.14 per share and the option to elect to utilise the interim bonus dividend comprising an ordinary dividend of S$0.07.

Adroit Innovations announce that the Group has incorporated two wholly owned subsidiaries in Indonesia known as PT. Tyzen Pacific International and PT. Tyzen Pacific Nusantara, with an issued and paid up share capital of USD300,000.00, engaging in investment activities.

SP Chemicals, fourth largest ion-membrane chloralkali producer and the fifth largest aniline producer in the PRC plans to invest approximately
RMB1.1 billion in facilities for the production of styrene monomer, an intermediate raw chemical used in making polystyrene plastics, protective coatings, polyesters and resins.

MMP Reit. Lee Hwa Diamond Gallery and deluxe café by Bakerzin tie-up, a first in Singapore. F irst-in-Singapore shops: Schu from France, Beijaflor from Brazil and Sino London, a new fashion label by Singapore-based Aussino group.

CH Offshore. The Company wishes to clarify that the titles of all the reports are not an accurate interpretation or representation of the comments made by Mr Koh during the interview. US$23 million out of the Company's net profit of US$40.2 million for the Financial Year ended 30 June 2007 had been due to the gain from the disposal of vessels. US$11 million out of the gain of US$23 million had been due to the sale of a new vessel. Mr Koh had said that it would be difficult to predict the gain from the sale of vessels for the Financial Year ending 30 June 2008. It was not meant to be construed as a profit warning for the current financial year.

Hiap Seng wishes to announce that its wholly owned subsidiary, HS Compression & Process Pte. Ltd. ("HSCP") has, on 18 September 2007 issued and allotted 187,500 fully paid ordinary shares in the capital of HSCP to TG Project Consultancy Services Limited at an exercise price of S$1.00 per share. Hiap Seng's shareholdings in HSCP has reduced from 100% to 86.96%.
This is not expected to have any material impact on the consolidated net tangible assets and earning per share of the Company for the financial year ending 31 March 2008.

Creative Introduces Aurvana X-Fi– Noise-Canceling Headphones – Featuring X-Fi Audio Technologies to Improve Audio Playback for the iPhone, iPod and any other Portable Entertainment Device. Suggested retail price of S$499.00.

UNI-ASIA: half year results Revenue up 74% and net profit up 91%. increase in fee income stems from increase in finance arrangement fee and investment returns. More finance arrangment transactions this year aside, the group also disposed of 3 vessels under their principal investments. Launch of Akebono shipping fund boosted topline.

APEX-PAL: Celebrates Sakae Sushi's 19th Anniversary. Global chain to grow flagship brand with new markets in Mongolia, Vietnam and the Middle East

SGX: has invested S$750,000 in a minority stake in a company involved in developing new financial product platforms.No material impact on current FY's results.

SIA: August 2007 operation results out. Achieved 2.0% year-on-year growth in systemwide passenger carriage. P assenger load factor up 1.9 percentage points to 81.6%. The number of passengers carried rose by 5.1% over the same month last year to 1.62 million.

EZRA: Subsidiary, Lewek Shipping Pte Ltd, has awarded a contract to Karmsund Maritime for the design and building of one large 27,000 brake horsepower Multi-Functional Support Vessel at a contractual value of S$162,353,200

KEPPELCORP: Delivers third KFEL B Class jackup rig to Seadrill ahead of time and within budget.

SUNPOWER: Awarded China's Top Brand 2007. Company is a specialist in the design, R&D and manufacture of customized energy saving and environmental protection products

TIMEWATCH: Signed on actor Francis Ng for HK1mill to endorse Balco, one of the top Swiss-imported brands in the PRC. Store debut in SG end year.


OCBC: Aberdeen Asset Management PLC now holds 5.05% of OCBC ordinary shares as of 12 Sept 2007. Given proxy voting rights.

* MIIF - agreed to sell its 100 per cent interest in its wholly owned subsidiary, Macquarie Storage Holdings Limited (MSHL), the holding company of TanQuid GmbH & Co KG (TanQuid) to LODH Macquarie Infrastructure Fund
(LMIF) for €89.0 million (S$184.5 million1) subject to adjustments as announced.

* Serial System Ltd - has entered into 3 shares purchase agreements on 18 September 2007 with the minority shareholders of SMHK, SMTW and TBT respectively (collectively “Vendors”) as part of the corporate shareholding reorganisation of the Group’s semiconductors/ components distribution business.

* Ascott Group - voted the ‘Best Serviced Residence Company’ by readers of Business Traveller UK magazine. The Group is the first company to be chosen the winner for the serviced residence category which was created for the first time by Business Traveller UK magazine.

* Design Studio Furniture Manufacturing Ltd - SGX-ST has on 17 September
2007 granted approval in-principle for the listing and quotation of up to
111,111,111 new ordinary shares in the capital of the Company to be issued upon conversion of the Notes.