singapore stocks and shares related news 17oct

HUP SOON GLOBAL: In principle approval of the listing of 5.5mill new shares as part of consideration of the company's proposed acquisition of a 30.5% stake in Tai Kwong Yokohama Berhad.

FEDERAL: Company increased investment in subsidiary, Eastern Jason Fabrication Services Pte Ltd, from 50% to 100%, comprising 225,000 shares of $1 each. Eastern Jason has a net tangible liability of $182k and has been dormat during the financial year. Not expected to have any impact on current FY.

KINGSMEN: Kingsmen Creative entered into a share acquisition agreement with Partners Exhibit International to acquire a further 30% of Kingsmen North Asia from the existing 50.5% already owned. Purchase consideration of $3.044mill shares. EPS will increase from 4.88 cents to 5.17 cents and NTA will be down from 15.69 cents to 14.26 cents

GLOBAL ARIEL - proposed placement of up to 29,400,000 new ordinary shares at S$0.1701

ENG WAH - PROPOSED ACQUISITION OF THE ENTIRE ISSUED AND PAID-UP CAPITAL OF TRANSCU PTE. LTD as annouced in may 2007

TECHCOMP - o benefit from PRC Government's initiatives to improve safety standards of white liquor

Oculus - Proposed Reverse Take-Over of Aretae Pte Ltd worth S$600m.

Ultro: AGM to be held on 31 Oct 07 10am

KS: Sub., KS Oil Rig Services Inc, JV will Mmeer USA, Inc. to form limited liability company known as Mmeer Dixie Patriot. Entity has 25% stake.
Purpose: to enhance market reach & strengthen its market position in USA & Gulf of Mexico

UOB: Incorporation of sub., Croupier Prive Private Equity Partners, a fund management company

GP Batt: Expected a net overall loss for 2Q due to commodity contracts entered for hedging as commodity price is lower in 2Q, this has reduced the mark-to-market value of contract substantially.

Armstrong: Divestment of non-core business in Soon Lee Realty Limited for $8M so as to focus on its core business of manufacturing of precision foam & rubber components for the Automotive & Electronics industry.

AusGroup: Won contract A$16M to expand work on Boddington Gold Mine.
Commerce in Oct 07, completed in March 08

ChinaLifestyle: 3rdQ results to be announce on 5 Nov 07

Banyan Tree: Signed a mangement contract for its first Banyan Tree branded development in the city of Dubai in the United Arab Emirates

* KepLand Ltd - its wholly-owned subsidiary, K-REIT Asia Management Limited as manager of K-REIT Asia, had on 15 October 2007 acquired 492,224 units in K-REIT Asia issued at a price of S$2.5433 per Unit in payment of 100% of its management fees for the period from 1 July 2007 to 30 September 2007.

* ManWah Holdings Ltd - Schieder Cheers GmBH, a company which is 40% owned by Man Wah Industrial Co. Ltd and 60% by the Schieder Group, has been declared insolvent by the German courts as a result of its parent company, the Schieder Group being declared insolvent.

- The Group expects net profit before tax for 1HFY2008 is expected to be significantly better than that of 1HFY2007

* Capitaland Ltd - Establishment of the following indirect wholly-owned subsidiary incorporated in Ho Chi Minh City, Vietnam under CapitaLand Real Estate Management (Vietnam) Ltd, engaging in Real estate consultancy and management services for a registered capital of US$300,000

- Temasek Holdings (Pte) Ltd have pared down their stake from 42.99 % To
41.97 %

* Foreland Fabritech Ltd - incorporation of a subsidiary, Fortune Luck International Enterprise Limited., in Hong Kong on 8 October 2007. The Company holds 100% of the issued share capital of Fortune Luck, being HK$10,000, comprising 10,000 ordinary shares of HK$1.00 each. The principal business activity of Fortune Luck shall be trading of textile products and investment holding

* Ezion Holdings Ltd - OCBC ups their stake from 4.8% to 5.32% through share purchases

SEMBCORP MARINE : results will be released on the 5th of november, 07

OCULUS LIMITED : Proposed reverse takeover of ARETAE

NATURAL FUEL LIMITED : Natural Fuel Signs LOI for Long-term Jatropha Oil Off-take Agreement
with GEM BIOFUELS

Unisteel's subsidiary acquires assets of TPK Precision Engineering.

LC Development's associated company in thailand acquires land in Phuket for the purpose of residential condominium development

Federal increases its stake in Eastern Jason would increase from 50% to 100%.

Kingsmen Creatives acquires additional 30% stake in Kingsmen North Asia bringing total shareholding to 80.5%

Hiap Seng: annnounced that Hai Leck transferred all of its shares to 3 shareholders. Lai Heck ceased to be substantial shareholder of Hiap Seng.

Ezra: earnings surge 68% to $104mil due to one-time gains from the sale of a subsi. MD says that the firm strengthening b/s ahead of heavy capital expenditure. Earnings have accelerated since 2003 listing due to early move to deepwater support and production and construction work. Coy also proposed 7.1cts final div per share. Will start trading today.