Singapore stock market related news and announcements 25sept07

PACIFIC HEALTHCARE - DIVESTMENT OF STAKE IN PACIFIC HOSPITALS PVT LTD, HYDERABAD, INDIA. Net gain of S$2, NTA increase to 9.28cents to 8.31cents, EPS increase to 2.66cents from 1.69cents

CHINA HONGCHENG - NP up 60% due to demand of premium products from overseas customers, Future Expansion Strategy in Higher Profit Margin Product

GLOBAL VOICE - ONLINE TRAVEL COMPANY QCNS SELECTS GLOBAL VOICE as provision of transaction platform

KIAN ANN - Bonus Dividend S$0.07, Right issue of S$0.14 1 for 2

AUSGROUP - wins A$6M iron ore car dumper contract

DBS - JACKSON TAI TO STEP DOWN AS CEO OF DBS

ChinaAOil. China Aviation Oil Spain, S.A. ("CAO Spain"), a wholly owned subsidiary of the Company, has been dissolved. It is not expected to have any material impact on the earnings per share and net tangible assets per share of the Company for the financial year ending 31 December 2007. .

Kim Eng. Kim Eng Securities India Private Limited ("KESIPL"), a wholly-owned subsidiary of the Company, has been elected as a Limited Trading Member (Deposit Based Member) of the Bombay Stock Exchange Limited
("BSE") on 19 September 2007.

* Datacraft Asia Ltd - has won a multi-million contract to design, build and support a next-generation data center infrastructure for Indonesia’s Bank Central Asia (BCA).

* Lee Metal Ltd - its wholly-owned subsidiary, Lee Welded Mesh Singapore Pte Ltd, has on 23rd September 2007 signed an agreement with several parties with a view to establishing a joint venture company in Abu Dhabi, United Arab Emirates, to be named “Readyfix Middle East Limited Liability Company”.

* Reyphron Agriceutical - the company has increased the registered and paid up capital of its wholly-owed subsidiary in the People’s Republic of China, Jiangxi New Reyphon Biochemical Co., Ltd from US$1.23M to US$7.8222M. The increased capital will be used for production capacity expansion, new product development, strengthening sales and distribution network as well as working capital in Reyphon Jiangxi.

* Capitaland Ltd - the sale by its indirect wholly-owned subsidiary, Orthoclase Pte Ltd of its entire 50% stake in Savu Properties Ltd, has been completed today. Following the completion, SPL has ceased to be an associated company of CapitaLand.

- establishment of Chengdu CapitaLand Zhixin Wenjiang Co., Ltd in the principal activity of property development for a registered capital RMB369.92M through a 50:50 joint venture company between Ellery Pte. Ltd., an indirect wholly-owned subsidiary of CapitaLand and Chengdu Tianfu Zhixin Co., Ltd, a party unrelated to CapitaLand.

* Allied Tech Ltd - Lodging of offer information statement dated 24 September 2007 relating to the Rights Issue with MAS on 24 September 2007.
The trading period for the provisional allotments of Rights Shares (or "nil-paid" rights) on SGX commences from 9.00 a.m. on 27 September 2007 and ends at 5.00 p.m. on 5 October 2007.

* HPL - Horizon Partners has today received notification from the vendors’
solicitors that the vendors have extended the time in the Option to Purchase for obtaining the collective sale order up to 11 December 2007.

* Asia Water Ltd - establishment of a wholly-owned subsidiary company, known as Asia Water Investments Pte. Ltd., in Singapore, set up as an investment holding company in connection with the internal corporate restructuring of Asia Water Group of Companies.

Cosco wins shipbuilding contracts worth US$724.36M.

Khong Guan: Right issue of approx 12mil new shares at issue pr of .85 per right. 1 right per 1 share. Rights will start trading today, 9am.

Sinopipe: 8 letters of intent signed to initiate further nego for the award of build-transfer project to Sinopipe, worth RMB365mil for drainage and sewerage and water supply segments. This will allow coy to undertake project management. Once completed, project will be handed over to relevant gov departments.

JEL: 80mil shares have been allocated to shareholders as bonus issue. These bonus issues can be traded as of yesterday, 9am.

Jade: Coy's subsi, JCR will be receiving from FCGIL a discretionary bonus payment of usd 2.5mil for its level of service and in introing an end buyer to FCGIL. Jade share pr drop by 2% yesterday.

Valuetronic: CFO resigned.

Jiutian: Proposed subdivision of each share into 5 shares.

SIA ENGG: Agreement to end discussion on India JV with Wadia Group in India to offer maintenance services.

FREIGHT LINKS: trading halt

BANYAN TREE: Signed an agreement for management of a new exclusive waterfront boutique hotel in Shanghai Bund. THis is following it's recent announcement of 5 projects in China, including 2 new hotels in Beijing.

PINE AGRITECH: Launches new high margin health product. New health product Ditang contains SOS, soybean peptide and tea leaf extract Sales and marketing of Ditang started in September FY07 through SOS distribution network of more than 1000 shops. Plans to commence TV advertising from the end of September FY07. Sales from DITANG wil positively impact the overall profit margin considerably and enhances brand equity.