Singapore stocks and share market related newsw 22oct

A-Reit Results - Distributable income per unit grows 11% yoy. Gross revenue grows 15%. To grow portfolio with new acquisitions and developments.

Fastech Synergy Results- Turnover falls slightly due to lower volume shipped by the company's assembly segment. Registered 9% growth in sales for the 9 months ended. The gross loss improved from $1.29mil for the nine months ended in 06 to $1.16mil for the nine months ended 07

Nico Steel announced setting up of a new wholly-owned subsidiary "Nico Steel Technology (Suzhou) Co., Ltd with a registered capital of US$210,000.

Adv SCT has established a wholly-owned subsidiary company in Singapore called SCT China with paid up capital of S$100,000.

CapitaLand Limited ("CapitaLand") wishes to announce the establishment of the following indirect wholly-owned subsidiary incorporated in The People's Republic of China, Capitaland (tianJin) with a registered capital of US$99.8mil.

* AusGroup Ltd - OCBC Securities Pte Ltd pares down their stake from 5.35% to 4.08% through share placements to institutional investors

* Gates Electronics Ltd - Requests for trading halt on 22nd Oct @0900hrs, pending announcements

* Penguin Boat Intl Ltd - declares a special interim cash dividend of 2.5 cents per ordinary share, less Singapore income tax of 18%, for the financial year ending 31 December 2007

- Deferment of proposed demerger of PSI from PBIL

* ASL Marine Ltd -Its wholly-owned subsidiary, Overseas Investments Pte.
Ltd have made an initial cash injection of US$0.5M towards the paid-up capital of its wholly-owned subsidiary, PT Cemara Intan Shipyard(incorporated in Indonesia), with the principle activities of shipbuilding & shiprepairing

GUOCOLAND: The Group reported a net profit of $27.7 million compared to
$8.1 million in the previous corresponding period.
Revenue and cost of sales increased by 117% to 140.1 M and 61% to $191.0 million as
compared to the previous corresponding period.
Earnings per share increased from 1.32 to 3.62

GUOCOLAND: Enbloc purchase of TOHO Gardens by subisdary GLL Ventures to be completed by feb, 08

OCULUS: Does not wish to continue with the rights cum warrant issue

PARKWAY HOLDINGS LIMITED: The Company confirms that Pantai Holdings Berhad, its 40% associated company, will be upgrading the Pantai Medical Centre from a 300-bed hospital to a 550-bed hospital which is expected to be ready in 2010

CAPITALAND CHINA: Secured a prime commercial site in Hangzhou city of Zhejiang Province,
in a government land tender for
RMB1,021.25 million (S$202.8 million).
This works out to about RMB3,601 (S$715) per square metre per plot ratio

ABTERRA: Has allotted and issued 692,333,686 Rights Shares pursuant to the Rights Issue
can commence trading today, 22th oct

MERMAID MARITIME: On 19 October 2007 issued a letter of award and will be entering into a contract with Kencana HL Sdn. Bhd. ("KNHL") in Malaysia, to design, construct, equip and deliver a newbuild tender rig for MKR1 for an aggregate sum of USD 136 million. The contract signing ceremony will be held on Monday, 22 October
2007 in Malaysia.

Stratech: Announced half year financial statement and dividend announcment for 1H08. Gross profit improved by 200%. Profit before tax has increased from -3.7mil to 151,000. Seems that company managed to reduce COGS significantly, hence improving margin.


Centennial Coal: Coy receives takeover offer documents for Austral Coal for
$1.83 in cash per share. If Centennial accepts the offer, it will receive 479mil for its 86^ interest in Austral and repayment of loans made to Austral Group of approx 170mil.


Australand: Dividend for Sep 07 quarter to be paid on Friday at 4cts per share.