justjoin corner

Chuan Hup: Acquisition Of Land In Western Australia For A$16.7 Million.

Chuan Hup Holdings Limited wishes to announce that its wholly-owned subsidiary, Ventrade Maylands Pty Ltd, has on 23 August 2013 entered into a Contract for Sale of Land with Mr Christopher Damian Dodd to purchase a 17,256 square metre site located on the corners of Tenth Avenue, Kennedy Street and Railway Parade in Maylands, Western Australia for a purchase price of A$16,710,000, excluding government taxes. The Land is prime development land located 4.5 kilometres from the Perth CBD, adjacent to public transport and in very close proximity to urban amenity...

Jaya: Scoops US$20 Million Contract In East Africa.

Jaya Holdings is pleased to announce it has signed a contract to charter its new build DP2 Platform Supply Vessel " Jaya Vigilant" for a long term operation in the Indian Ocean, offshore Mozambique. The two year contract, which includes charterer's options has a value of more than US$20 million. Jaya Vigilant, designed as a large PSV, is now being upgraded with additional equipment required for the charter's work scope prior to delivery from Jaya's own yard in Batam, Indonesia at the end of September 2013...

Interra Resources: Chauk Development Well CHK 1171 Completed As An Oil Producer.

Interra Resources Limited wishes to inform shareholders that its jointly controlled entity, Goldpetrol Joint Operating Company Inc., has completed drilling development well CHK 1171 in the Chauk oil field in Myanmar as an oil producer...

Tiong Woon: Revenue Rose 36% To S$200.5 Mllion With S$17.6 Million Of Net Profit For FY2013.

Tiong Woon Corporation Holding Ltd announced its results for the 12 months ended 30 June 2013. Revenue rose 36 per cent to S$200.5 million with net profit attributable to equity holders of the Company of S$17.6 million. The Board has proposed a final one-tier tax-exempt dividend of 0.4 cent per ordinary share, representing a dividend payout ratio of about 11 per cent based on FY2013 profits, payable in November 2013...

China Minzhong: Glaucus Research Strong Sell TP: S$0.00.

Glaucus Research - China Minzhong Food Corporation Limited is a People's Republic of China based producer of fresh and processed vegetables. In our opinion, Minzhong closely resembles Chaoda Modern Agriculture, another Fujian-based vegetable producer that has been halted since September 2011 under widespread allegations of fraud. We believe that Minzhong, like Chaoda, has so significantly deceived regulators and investors about the scale of its business and its financial performance that we expect trading in its shares to be halted and its shares to be worthless...

Silverlake: FY2013 Net Profit Up 21% To RM196 Million.

Growth mainly driven by higher margin business activities, namely software licensing and maintenance & enhancement services. Gross profit margin improved to 64% with change in revenue mix. Group cash position is strong at RM362.4 million as at 30 June 2013. Including proposed final dividend of Singapore 1.1 cents, total dividend in FY2013 would amount to Singapore 3.1 cents, an increase of 63% over total dividend of Singapore 1.9 cents paid for FY2012...

CIVMEC: 4Q13 Net Profit Up 9.7% To S$9.2 Million.

Record FY2013 revenues of S$406 million, an increase of 23.5% on FY2012. 4th Quarter NPAT increased 9.7%, Q42012 on Q42013. FY2013 NPAT margin remains steady at 8.9%. Earnings per share up from 6.05 to 7.20 cents. Propose dividend of 0.7 Singapore cents per share...

KS Energy: To Set Up Joint Venture With Pertamina Drilling.

KS Energy and PT Pertamina Drilling Services Indonesia to set up a new joint venture company to own and operate drilling rigs in Indonesia. KS Energy and PDSI currently jointly operate two high specification land rigs for a major oil company under a contract worth approximately US$98 million. KS Energy and PDSI currently jointly operate an offshore jack-up rig in the West Madura oilfield under a contract worth US$87.6 million. The new joint venture company intends to take over the contracts held by the existing joint operations and tender for new contracts in Indonesia...

Cedar Strategic: Termination Of Reverse Take-Over.

Following the entry into the Reverse Take-Over Agreement on 22 May 2013, Cedar Strategic Holdings Ltd. had conducted due diligence on Trechance Holdings Limited and its subsidiaries. Having considered the due diligence findings and the current conditions of the PRC real estate market, the Vendor and the Company entered into further discussions where they concluded that certain conditions precedent under the RTO Agreement were unlikely to be fulfilled by the long-stop date of 22 November 2013. Accordingly, the Parties agreed to revisit the transaction structure and agreed that the Company shall acquire only certain assets in the Hua Cheng Group, being the Target Assets...