singapore stocks and shares related news and announcements 2oct

TT International: Coy informed that the comtemplated transaction with Richfield international not completed due to nonsatisfaction of conditions set out in their IOU.

Swiber: Clarified some facts from CIMB's research report under "broker's take" of BT dated 29 - 30 Sept. BT says: The management aims to double its order book to US 500mil by end 2008 from the current US 219mil with an expaned fleet. Swiber clarified that management will be able to significantly increase capacity.

MIIF - has sold all of itsentire limited partnership interest in TanQuid II to LODH Macquarie Infrastructure Fun for a consideration of S$1.3 million

Rotol - The controlling shareholder J.Bridge Corp. is considering an offer for its entire 57.29% stake in the company. Have not ben concluded yet.

* Semb Mar - Jurong Shipyard, a subsidiary of SembCorp Marine, and WTorre Empreendimentos Imobiliários SA (WTorre) have signed a Memorandum of Understanding to form a joint-venture company to own and operate a shipyard in Brazil.

* Olam Intl Ltd - it will acquire a 100 per cent equity stake in PT Dharmapala Usaha Sukses, a sugar refinery based in Indonesia for a total cash investment of US$12.6 million. Of this amount, US$5.0 million will be paid to shareholders of PT DUS while the balance amount of US$7.60 million will be utilised to purchase outstanding debt obligations from Bank Danamon. The acquisition is an all-cash transaction and will be funded by a combination of borrowings and internal accruals.

* Fu Yu Ltd - Trading halt on 2nd Oct 07 @0900hrs, pending announcement

* Union Steel Holdings Ltd - the Company has acquired 36,000,000 ordinary shares at IDR850 per share in the share capital of ATPK for a total consideration of S$4,987,800. The purchase price of IDR850 per ATPK share is less than the market price.

* Vantage Corp Ltd - Entered into a conditional sale & purchase agreement with Universal Healthway Pte Ltd to acquire the entire issued & paid-up capital of Healthway Medical Services Pte Ltd for a total consideration of S$455M, to be satisfied by the issuing of 7,583,333,333 shares in the company @S$0.06/share

PSL: Gets 10mill worth of foundation engineering contracts in 2 months.
Projects include one bored piling contract from Chip Eng Seng for the PARC condominium. PSL has been providing micro-piling services to companies involved in the process and petrochemical projects on Jurong Island.
Current batch of contracts, when combined with the S$18 million worth of foundation engineering and geotechnical works for public and private projects announced previously, would bring PSL's order book for the year to some S$28 million. These contracts are expected to contribute positively to the financial results of the Group.

FREIGHTLINKS: JV with ENg Kong Holdings to invest in container services in Xiamen. Each company will hold 25% of the JV company. remaining 50% held by O&G International. F irst container services joint-venture company in Xiamen to be established by 2 Singapore logistics companies and a China private enterprise. The Company will specialise in container stuffing and quarantine inspection, fumigation, packing, storage and repair of damaged containers. It will raise the overall service level and provide a one-stop value added supply chain services for all the importers and exporters for the southern part of China.

ZHONGHUI: request for trading halt

JEL: Termination of all agreements relating to proposed strategic alliance bet JEL and MDR.

UNI-ASIA: Response to SGX queries as per normal. No additional info given

OKP: Awarded contract by LTA for road works in city centra (phase 1). Value of 2.83mill completed by 17 June 08. Expected to contribute positively but has no material impact on EPS and NTA per share for current FY.

SWIBER: Proposed sale and leaseback of a pipelay barge and 4 AHT vessels.
Net proceeds at US$33mill, will be used to fund new vessels acquisition for future expansion. Disposal changed NTA from 13.29 US cents to 22.25 US cents and EPS from 4.32US cents to 16.11US cents.

PORTEK: Secured orders worth morethan S$25mil from ports all over the world, half coming from Lat-Am.

Datapulse. Trading query regarding the results announcement that "Trade and other payables" has increased by 29%, from S$8.885 million to S$11.460 millionThe increase in trade and other payables was primarily due to increase in trade payables of $0.3 million and higher accrued performance bonuses of $1.6 million. The higher performance bonuses were the result of improved performance and will be paid after the financial year.

Hongwei. In line with the Chinese Government's focus on environmental-friendliness, Hongwei will use the recyclable PET bottle to replace the traditional PET chips in its new modified production process for its POY. Hongwei has since started the modified process on its POY whose quality was found to be of national standards. As a result of the modified process, Hongwei will be able to cut production costs by 5 - 10%. These cost savings will translate into higher margins for Hongwei.

Nico Steel has been appointed as an authorized distributor for Chinalco Henan Aluminum Fabrication Co., Ltd ("Chinalco ? Henan"), a subsidiary of Chinalco in the PRC. This arrangement will increase Nico's range of high-quality materials and allow Nico to strengthen its metallurgical solutions to the consumer electronics and telecommunication industries in China. From this move, mgmt expects revenue and earnings to surpass the
FY2007 levels.

AP Oil's wholly owned subsidiary, Alpha Pacific Petroleum (S) Pte Ltd has signed a 5 year contract with Aegean Marine Petroleum S.A. to provide manufacturing, supply and distribution services of marine lubricants to Aegeanâ??s customers in Singapore and Far East ports.

China Ssine has received a trial order from Michelin's plants in Shanghai and Shenyang for 10 tonnes and 16 tonnes of rubber accelerator CBS, respectively.


AMARA - Wins Prestigious URA Architectural Heritage Awards

HLH: Note issue - 14th conversion. Pacific Capital Investment Mgmt Limited convert S$1M of Tranche 3 Notes @ the conversion Price of 46 cents per share

Albedo: Proposed placement of up to 10,000,000 new ord. shares @ S$0.12.
proceeds to reduce borrowings

Broadway: Proposed acquisition of 44.15% of Compart Asia P L

STX PO: Shipbuilding contact of one additional handy bulker A US$30M to be delivered in 2010

YANLORD: 100% take up rate for 31 duplex apartment units in Shanghai
104 of 150 units in Nanjing Bamboo Gardens presold on launch date

KEPPEL LAND: Enhances prescence in Vietnam with 5th residential proj.
Investment capital 139mill.
First launch 2009.