Singapore stocks and shares related news - 12oct

ASCOTT: Results announced after on 26 Oct Friday b4 7.30am

GOLDEN AGRI: Increase stake in PT Sinar MAS Agro Resources from 87.31% to 90.79%

SING HOLDINGS: Divestment of 48 Strata-titled units in Eastgate, 46 East Coast Road, for 63mill or 1059/square foot. (enbloc) Sale is expected to result in net gain of approx 15.9mill after transaction costs.

Maple tree logistic trust : will announce financial results after oct 25th

SING HOLDINGS : Will sell east gate commercial space for 63 million. Will
rechannel sales proceeds into property development businesses

Sky China Petroleum: Proposed acquisition of 25% of the equity interest in Song Yuan Tian Xi Harbor Oil Exploration Co Ltd. Consideration of RMB40,000,000 of which RMB30,000,000 in form of ordinary shares and remaining in cash

Radiance: Mandatory unconditional cash offer by K E Capital P L on behalf on Sino Fortune Union Investment Limited to acquire all the issued of Radiance Electronics Limited. Based on conditions stated on announcement made on 7 Oct

Sunlight: Completion on acquisition of 36,000,000 (100%) ord. shares of Media Tech Systems Asia P L through placement of 36,000,000 new shares in Sunlight Group. New shares to be listed on 12 Oct '07

Cougar: EGM to be on 5 Nov 07 @ 3pm. Proposed capital reduction & cash distribution of 13 cents to shareholder

Unionmet: 3Q ended 31 Aug 07. NP decreased 70.3% from US$7.5M to US$2.2M.
EPS decreased from US$0.16 to 0.08. Decrease mainly due to decrease in revenue & profit margin from 17.7% to 3.8%. Due to 15% export taritt by PRC for indium ingot from Jan 07 & removal of tax rebate from Sept '06 and also decline in prodution of by products as under maintenance & repair work of equipment

UANGZHAO IND FOREST BIOGRPLTD - COMPLETION OF PROPOSED PLACEMENT OF 10,526,000 NEW SHARES TO LIBERTY HARBOR, L.L.C, COMPLETION OF PROPOSED ISSUE OF US$8 MILLION 3% UNSECURED CONVERTIBLE NOTES DUE 2011 TO LIBERTY HARBOR, L.L.C.

GUANGZHAO IND FOREST BIOGRPLTD - INVESTMENT ADDITIONAL US$1.6M IN WHOLLY OWNED SUBSIDIARY SHANGHAI SHIZHAO TRADING CO., LTD. No material impact on current year financial.

ELLIPSIZ - JOINT VENTURE IN IRC TECHNOLOGIES LIMITED ("IRCT"), THAILAND. IRCT is a system integrator providing solutions for the electronic manufacturing industry and also carries on the business of trading of instruments and equipment. Its customers include both private companies and government universities and the military. The price S$600k represents a 60% premium over the net asset value of IRCT shares as at 30 June 2007, funded by internal resources no material impact on current year financial

INNOVALUES - joins consortium to venture into US$96 billion automotive closure systems

Rickmers Trust Management Pte. Ltd., the trusteemanager of Rickmers Maritime, is pleased to announce that it has entered into a memorandum of understanding ("MOU") to acquire five 4,250 TEU container vessels. The purchase price of each vessel is US$72.0 million, to be paid upon delivery of the respective Vessels to Rickmers Maritime. Each vessel will commence service upon delivery with ten-year, fixed-rate time charters to MOL, Tokyo. Once delivered, the five new vessels will contribute approximately US$49m per annum of charter hire revenue to the trust.

HPL wishes to announce that the High Court has today allowed the appeal and has remitted the application back to the STB for the hearing to be continued, with the evidence adduced thus far before the STB to stand as part of the record.

Technics Oil & Gas Ltd announced today that wholly owned subsidiary, Technics Offshore Engineering Pte Ltd, has sealed its first contract with BW Pioneer Ltd. The main contract amounts to S$17m for two modules of gas compression systems and one unit of gas treatment and processing module.
The delivery for all three modules is Feb 09. This will not amount to any material impact on the EPS and NTA of the Co. for FY2008 as the substantial portion will be recognised in FY2009.

Aztech Systems Ltd ("Aztech") powers up at Hong Kong Electronic Fair
(Autumn) with its latest innovations in Skype products, RC helicopters and DECT("Digital Cordless Telephony"). 13-16th Oct @ HKCEC.


TMC Edu. Received approval in principle for their rights issue and cash dividend payout.
SPC's wholly-owned subsidiary, SPC Cambodia and its partners have completed acquisition of a combined 10% interest in Block B exploration block in Cambodia

Hersing aims to aggressively expand Storhub self storage operations in Asia

Track record of expanding self-storage business (62% CAGR from 2003 to
2006)

Hyflux and CitySpring mutually agree not to proceed with the sale/purchase of wastewater and water treatment plants and projects in china.

Raffles Edu- Acquires entire equity stake of Oriental University City Development for a consideration of S$392,000,000. aims to add 5 more colleges and another university to its footprint, and aims to be the largest education provider in Asia Pac.

Hyflux gets approval for listing of Hyflux Water Trust Company plans to inject 13 water plants into Hyflux Water Trust

C2O: Coy released 2H07 Financial statements. Profit for the period had decreased over the same period last year by 6.49%. Most of the differences come from financial income which had decreased substantially by almost 99%.

RafflesEdu: Fully acquired Oriental Uni City Dev. Purchase consideration for this peice of asset is worth RMB2bil. Terms of this aquisition is that it will be paid in 4 years of equal installment. Coy will give a pretax profit guarantee of RMB100mil in 08 and RMB140milin 09.