singapore stock market news and announcements 14dec07
POKKA - To invest HK$9 million (S$1.7 million) to enlarge its central kitchen facilities in Hong Kong to support the expansion of its restaurant business.
CWT - to further expand its logistics footprint in China with a new bonded logistics facility in Yangshan.
Tat Hong - announced that investment in Jiangsu Zhenghe Tathong Equipment Rental Co. Ltd (previously known as Shanghai Zheng He Tat Hong Construction Equipment Rental Co., Ltd) has been completed.
SIA - Houston joins Singapore Airlines Network, also Singapore-Moscow flights go daily.
Sing Holdings - its wholly-owned subsidiary, Sing Development Limited, has today completed the sale of its 48 strata-titled units in EastGate, a commercial building along East Coast Road, on an en bloc basis to Develica
APS2 Pte. Ltd for a consideration of $63m
Delong Holdings- The company commissioned its Number 7 blast furnace, raising its fully integrated annual HRC production capacity by 25% to 3.0 million from 2.4 million tonnes previously.
Allgreen - increasedm paid up capital of subsi allgreen tianjin from S$76,000,000 to S$91,700,000 by the issuance and allotment of 15,700,000 ordinary shares to the company
AsiaPharm: Awards exclusive PRC distribution agreement for its proprietary neurology drug jinsiping to international pharmaceutival conglomerate sandoz, a novartis company
Middle east: MOU for JV with Beijing International Contruction LLC to form JV company in Spore.
Koh Bros: Win $78.9M building contract from MOE - construction of river valley high school and hostel. Commence Dec 07 , end Aug 09
UOB: Various of its subsis have sold their entire respective shareholdings of 100lots of UOB Trustee (Malaysia) BHD at rm10 ea to OSK.
Apex-Pal: BOD announced the incorporation of ApexPal in China. Principally engaged in operation of restaurants, kiosks and cafes.
Labroy: Dubai World increased stake from 83% to 86%. Open market purchase.
Ezion: Coy bought back its shares, increasing stake from 6% to 15%.
HLH: Announced that Pacific Capital Investment Management has excerised to convert the aggregate princicpal amt of $700k at conversion pr of .034 ps.
Lian Beng: Director sold 10mil shares in the open market at roughly around
.68 ps
Chartered: Guidance for forth quarter. Will release results on 1st Feb. Coy progressing in line with what they have expected. Cut and paste from 3Q
results: "Capacity utilization in third quarter 2007 was 85 percent compared to 74 percent in the year-ago quarter, and 79 percent in second quarter 2007. Capacity in third quarter 2007 was up approximately 10 percent compared to third quarter 2006 and was up approximately four percent compared to second quarter 2007. Capacity utilization is based on total shipments and total capacity, both of which include Chartered's share of SMP."
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