Singapore stock market news and announcements 27sept

Hup Soon Global : to acquire 30% to tai kwong yokohoma(listed on the KLSE) to become major player in automotive and battery industry

* Mobile One Ltd - given in-principle approval for the Company's application in respect of the proposed capital reduction exercise of the Company. The Capital Reduction is conditional upon (i) the approval of the shareholders of the Company (the "Shareholders") at the Extraordinary General Meeting to be convened on 24 October 2007; and (ii) the confirmation of the High Court of the Republic of Singapore of the Capital Reduction.

* Equation Ltd - Company and Pacific Capital have mutually agreed to extend the validity period for the Notes Issue to 31 December 2007. By this extension, the Company has been granted further time to submit the application to the SGX-ST for the listing and quotation of the Conversion Shares and to obtain the specific shareholders' approval for the proposed Notes Issue.

* Vibropower Ltd - it has secured overseas projects worth S$10 million in Russia and India. This brings the Group's total orders secured to date this year to S$ 78.6 million, the bulk of which will be delivered by the end of this year.

* Richland Group Ltd - its wholly-owned subsidiary, RichLand Fuyang (S) Pte Ltd, has concluded the Share Transfer and Settlement Agreement and its supplementary version on 24 September 2007 with Hangzhou Huanyu Gift Co., Ltd, in relation to the disposal of the Subsidiary's entire 65% interest in RichLand Global SCM Services (Hangzhou) Co., Ltd. and its settlement thereof RMB4,279,289 (approximately S$857,917) in cash and RMB327,941 worth of fixed assets from HHGC in consideration for the transfer of its 65% equity interest in JV Co to HHGC.

* Samudera Shipping Line Ltd - entered into contracts for the acquisition of two (2) container vessels (“the Vessels”) with a total acquisition price of approximately USD 83,000,000.They are expected to be delivered in fourth quarter of 2008.

MAN WAH: JV bet Man Wah's subsidiary and Xiamen Comfort. Xiamen Comfort is in the business of designing andmanufacturing massage and healthcare products. The objective of the JV is to co-operate and to jointly conduct research and development intoinnovative furniture products. Pursuant to the JVA, the Subsidiary and Xiamen. Funded through internal resources and is not expected to have any material impact on NTA and EPS of group.

FUYU: Proposed sale and leaseback property by subsidiary for 12 years

PACIFIC HEALTHCARE: JV in Mumbai, India for 50% stake in PacHealth Medical Services Pte Ltd valued at 0.59mill SGD. The 5,000 sq ft centre, set up a cost of approximately S$1.2 million, is located in Prabhadevi,a prime residential and commercial district in Mumbai, and fully positions Pacific Healthcare to tap into the growing demand for quality cosmetic surgery and dentistry services by India's fast rising affluent population. NTA and EPS unchanged.

WINGTAI: Rights issue of 72mill new right shares for issue price 2.05, on basis of one to 10.

JADE: Entered into a credit facility agreement of 10 mill with it's major shareholder, Asia Pacific Links Ltd. Entered a sale and purchase agreement to acquire a piece of land in JB for S$17.35mill and selling it at sale price of 27mill. NTA and EPS unchanged.

Richland Group disposes entire stake (65%) in subsidiary Richland Global SCM Services.

Samudera acquires two container vessels worth US$83M

YOMA - company has completed PRPL acquisition, it now holds 52.86% stake in PRPL.

Datapulse. Full Year 07 results. Rev up 16.4%. NPAT up 145%. EPS 0.0249.
DPS 0.02.

China Transcom. Request for suspension.

Darco: Wastewater processing firm. Won a 130mil water purification project in indo with local gov. Under contract, it will provide treated water by the next 18 months. It has also formed a JV with the water authority for the next 20 years. Coy is also trying to secure sizable contracts from Taiwan and Mainland China and Mid East. No front running. Share price increased by close to 10% yest.

Contel: Extends reach to Jap with JP with CIMA, a consumer electronics distributor. This will allow Contel to leverage on CIMA's wide distribution network in Jap. As 90% of coy's rev from US and Europe, this JV will be a good step to diversify into the high growth Asian market.

Magnus: Incorporation of a wholly owned subsi called APAC Coal Limited. The principal activity of APAC is engaging in exploration and evaluation of mineral resources.

KepCorp: Wins 2 conversion contracts worth 100mil from repeated clients.