Singapore stocks and shares related news 16oct

AVI-TECH : AGM will be held on the 30th of October, 07

EI NETS : AGM on 31th of October


CHINA LIFESTYLE : Will be launching another 10 tonnes of LaBiXiaoXin
brand of jellies

CHINA SUN BIOCHEM TECHNOLOGY GROUP: Excercise company share option.
No of issued and paid-up ordinary shares of the Company is increased to 811,015,055 ordinary shares.

STRAITS ASIA : In Principle approval of placement of 94,485,000 new ordinary shares


* Fraser & Neave Ltd - MR LEE HSIEN YANG assumes the Chairmanship of the Company with effect from Monday, 15 October 2007. He succeeds Dr Michael Fam who retired from the position on 14 October 2007.

* Allgreen Properties Ltd - APL, through its wholly-owned subsidiary Allgreen Properties (Chengdu) Pte. Ltd., has successfully tendered for a site situated in the Hi-Tech Industrial Development Zone, Chengdu, Sichuan Province, PRC together with Million Palace Limited, a company incorporated in Hong Kong and indirectly owned by Kerry Properties Limited and Kerry Holdings Limited. The CD site area is approximately 56,916.49 square metres which is capable of being developed into a mixed development for residential and commercial use. The purchase price of the site is approximately S$203.1 million.

* See Hup Seng Ltd - GOH KOON SENG resigns as CFO wef 1st Dec 2007 to pursue other career opportunities

* Jade Tech Ltd - Usage of private placement net proceeds of S$5.12M for general working capital, repayment of bank loans with accrued interest as well as 10% deposit payment for purchase of land in JB, Malaysia by its wholly-owned subsidiary, Jade Real Estate Pte. Ltd.

* Great Eastern Holdings Ltd - will be announcing its financial results for the third quarter ended 30 September 2007 on Friday, 2 November 2007 (after trading hours).

EMS Energy: Company proposed the disposal of the entire equity interest int he capital of Yunnan Asia Eco Hydro power development to the purchaser, Kunming Character Science and Tech Explorer. Price will be at sgd207k, all within 30days.

SKY China Petro: Trading query. Usual answers.

Novena Holdings: Halt.

Mermaid: Starts trading today.

FIRST REIT - SIGNS MOU TO ACQUIRE THE WUXI NEW DISTRICT PHOENIX HOSPITAL, JIANGSU, CHINA

OKP - awarded contracts for the civil and piling works in respect of the SI Group Asia AP Project, worth of S$5.1m, by Rotary Engineering Limited. No material impact on current year financial.

NOL: Liner operating performance for 4 wks from 25 Aug - 21 Sept 07. Volume
(FEU) YOY increase 15% to 191,800 FEU. Avg. revenue per FEU increase 10% to
US$2,922

Silverlake: AGM to be held on 31 Oct 07 @ 11.30am

UniAsia: Query regarding trading activity.

HourGlass: Special interim dividend 8 cents. Scheme to interim dividend in lieu of the cash amount of dividend is new shares issue at S$1.55. Dividend to be paid on 29 Nov 07

Nomura: Exit from US Residential mortgage-backed securities business.
Reduce from US$2.3B to US$119M of which US$1M is subprime related. Expect to cut regional headcount from 1,300 to 900 & reduce annual expenses by US$213M. Restructuring cost US$128M, of which US$85M book in 2Q on top of losses from operation approx. US$621M. As a result, expect to post consolidated pre-tax loss in 2Q US$340M - US$ 511M.

China Haida: Coy entered into a placement agreement with Westcomb to place out 25mil new shares at pr .282 per placement share. Shares to be placed out within 7 market days from 15 OCT 07.

SINGLUN: Lifting of halt

CAMBRIDGE INDUSTRIAL TRUST:Close of book orders and price determination of 00.70 per share. LIsting of new units on 18 Oct 2pm. Sucessfully raised 193.9mill thru this global offering. 1.6X oversubscribed by over 50 institutional investors

LMA INTERNATIONAL: Acquires innovative patient warming device for US 3.7mill

HUPSOON: Secures exclusive distribution rights for Mitsubishi forklifts in Msia for 5 yrs with option to extend for another 3 yrs. Appointment is in line with the company's plans to expand material handling business regionally.

BERLIAN LAJU: Proposed acquisition of Chembulk LLC for US 850 mill.
Chembulk is one of the ten largest owners and managers of stainless steel chemical tankers in the world. Chembulk's vessels operate globally and transport a wide range of chemical products for "blue chip" oil and chemical majors, government agencies and trading houses. NTA will decrease from US0.1215 to US0.0689, EPS increase from US 0.027 to US0.0328.

China Haida Ltd. announced that the Company had entered into a placement agreement on 4 October 2007 with Westcomb Securities Pte Ltd pursuant to which the Placement Agent has agreed, on a best endeavours basis, to procure subscription of up to 25 million new ordinary shares ("Shares") in the Company, at a placement price of S$0.282 for each Placement Share.

Ho Bee wishes to announce that it will release its unaudited results for the Third Quarter ended 30 September 2007 on Tuesday, 13 November 2007.

Yongnam has acquired a piece of land in Johor for RM22m. The Group intends to use the Land to construct a new fabrication factory. Subject to any unforeseen circumstances, the new factory is scheduled to commence operation by first half of financial year 2008. The acquisition of the Land and construction of the factory will cost approximately S$22 million.

Digiland has an MOU with with PT Indonesia Prima Commodity & Mining tyo acquire their tin mining businesses. an indicative valuation of the Business Assets which the Company has expressed an interest to acquire is estimated to be in the region of at least S$500 million. Expected to be funded by new shares.

Ascott will sell (the "Divestment") the property comprising the 32 apartment units at 6 Sarkies Road Singapore to an unrelated party.
Divestment of S$43.9 million, to be received in cash, was agreed to on a willing buyer willing seller basis. The expected net gain on Divestment of approximately S$20 million will be recognised upon completion in 2008.

STX PO has increased it's investment by JPY101,000,000, in the capital of STX Pan Ocean Japan Co., Ltd. Subsequent to the additional investment, the Company's percentage of equity in STX PO Japan will be 40% with the other 60% held by STX Corporation. No financial impact.