Welcome to the Malaysia Sex Forum | Singapore Adult Forum | Gambling, Betting, Escort Forum Indonesia.
Page 2 of 3 FirstFirst 123 LastLast
Results 11 to 20 of 21
  1. #11
    Forum Editor
    Join Date
    Dec 2013
    Location
    CYCBER WORLD
    Posts
    10,263

    19 August 2015 Rex International

    19 August 2015 Rex International to acquire 30% stake in North Sea areaCatalist-listed oil exploration and production firm Rex International announced on Wednesday evening that its jointly controlled entity will acquire a 30 per cent stake in an area in the North Sea known as licence PL410.
    "The licence contains a number of interesting exploration targets that are being evaluated leading to the drill-or-drop milestone in the first quarter of 2016," Rex said.
    "Assuming a positive conclusion, drilling could take place late 2016."
    Rex closed at 10.7 Singapore cents, down 0.2 cent or 1.8 per cent, before the announcement was made.
    19 August 2015 Rex acquires stake in another licence to drill
    SINGAPORE (Aug 19): Oil explorer Rex International Holding announced that Lime Petroleum Norway AS, its jointly-controlled entity, is acquiring a 30% stake in licence PL410 in the North Sea now held by Lundin Norway AS.
    The consideration of the stake was not revealed.
    The licence is located south of the Edvard Grieg field on the Utsira High in the North Sea in water depth of about 100 metres.
    It contains a number of exploration targets, and has a “drill-or-drop” milestone set for the first quarter of 2016. Assuming a positive conclusion, drilling could take place late 2016.
    After the transaction, Lundin, the operator, will hold a 52.35% in the licence, Statoil Petroleum AS will hold 17.65% while Lime with hold the remainder. The transfer is subject to regulatory approval.
    On July 21, the company announced it was abandoning drilling at well 2/11-11 on the Haribo prospect. The estimated post-tax cost of the well net to Rex is US$0.9 million.
    Rex International closed at 10.7 cents, down 0.2 cents.

  2. #12
    Forum Editor
    Join Date
    Dec 2013
    Location
    CYCBER WORLD
    Posts
    10,263

    19 August 2015 Thakral announces real estate investment programme with Aberdeen

    19 August 2015 Thakral announces real estate investment programme with AberdeenMainboard-listed Thakral Corporation announced that it has established a programme with investment management group Aberdeen Asset Management Asia to invest in Australian real estate projects.
    Its subsidiaries, TCAP Investments Limited and Thakral Capital Australia Pty Ltd (TCAP), signed the documents for the TCAP Australian Mezzanine Programme on Wednesday.
    The programme will focus on projects on the East Coast, particularly in the central business districts and developed suburbs of Brisbane, Melbourne and Sydney.
    TCAP, a manager and investor of wholesale and third-party funds, will be the initial investor in these projects, maintaining the right to invest in preferred equity or mezzanine debt.
    The programme is established through a trust in Australia and has a term of six years, although it is subject to extension with the agreement of Aberdeen.
    It has also been agreed that TCAP will manage the programme, with responsibilities including: deal sourcing, due diligence, underwriting, valuations and the management of the investments.
    Jaginder Singh Pasricha, Thakral Corporation's managing director of investments and corporate, said: "The programme gives us better access to capital for our projects.
    "Having Aberdeen as an investor demonstrates that we have the confidence of global fund managers to manage their capital prudently and provide strong returns ... With the backing of Aberdeen, Thakral will have greater flexibility in sourcing capital for deployment alongside our own capital in its projects."

  3. #13
    Forum Editor
    Join Date
    Dec 2013
    Location
    CYCBER WORLD
    Posts
    10,263

    19 August 2015 Thakral and Aberdeen

    19 August 2015 Thakral and Aberdeen Asset Management set up programme to co-invest in Australian property projects
    SINGAPORE (Aug 19): Thakral Corporation (TCL), through its subsidiaries TCAP Investments and Thakral Capital Australia (TCAP), has established an investment programme called the TCAP Australian Mezzanine Programme with Aberdeen Asset Management Asia.
    Thakral says the programme will invest in real-estate projects in Australia with a focus on eastern seaboard markets, in particular Sydney, Melbourne and Brisbane.
    TCAP will be the initial investor in its projects with the programme having the right to invest in preferred equity or mezzanine debt in these projects.
    The programme is established through a trust in Australia and has a term of up to six years, initially.
    The responsible entity for the trust, TCAP Investments, is the holder of the Australian Financial Services licence for wholesale investors.
    The establishment of the programme is a continuation of the business of TCAP as a manager and investor of wholesale and third-party funds.
    TCAP will be responsible for the management of the programme, including deal sourcing, due diligence, underwriting, valuations and the management of the investments.
    Jaginder Singh Pasricha, Thakral's Managing Director, Investments & Corporate, says, “The establishment of this programme with Aberdeen is another milestone in the development of the group’s Investment Division. The programme gives us better access to capital for our projects. Having Aberdeen as an investor demonstrates that we have the confidence of global fund managers to manage their capital prudently and provide strong returns. At the same time it will enable us to continue to provide strong returns to our shareholders. With the backing of Aberdeen, Thakral will have greater flexibility in sourcing capital for deployment alongside our own capital in its projects.”
    As at June 30, Aberdeen has managed assets of US$483.3 billion ($679 billion) on behalf of institutional and private investors.
    On Tuesday, Thakral, through subsidiary TCAP, set up a joint venture company GTH Resorts with PVAP to develop and operate retirement communities in Australia.
    PVAP has a 30-year track record of developing, owning and running retirement communities in South East Queensland under the Living Gems brand.
    Thakral closed 7.3% higher at 29.5 cents on Wednesday.

  4. #14
    Forum Editor
    Join Date
    Dec 2013
    Location
    CYCBER WORLD
    Posts
    10,263

    19 August 2015 Lion Asiapac

    19 August 2015 Lion Asiapac's 4Q losses widen to $48.4 mil on provisions for aborted China property projectSINGAPORE (Aug 19): Lion Asiapac, the steel trader and manufacturer of lime, saw 4Q losses widen to $48.4 million from $0.6 million a year ago due to provisions for an abandoned property project in China as well as impairment losses.
    Revenue for the three months ended June fell 42% to $6.5 million from $11.2 million a year ago as its lime-manufacturing business reported a 19.7% fall in sales to $4.72 million while its steel consumables trading division reported a 67% drop in revenue to $1.76 million.
    During the quarter, the group's property development division made a provision of $37.78 million for putting on hold plans to develop a property in Yangzhou, China.
    “Development work has yet to commence in accordance with due dates stipulated in the land contract, except for some preparatory work; and thus certain charges and penalties might be imposed by the land authority,” says the group in its filing.
    After failing to surrender the land to the Chinese authorities, the group is currently exploring the possibility of divesting its interest in the property project.
    Meanwhile, the lime-manufacturing business incurred an impairment loss on plant and equipment of $7.5 million while its trading division incurred losses of $2.65 million after accounting for an impairment loss on trade receivables of $2.51 million.
    Had these provisions and impairment losses been excluded, the group would have reported earnings of $1.93 million in 4Q.
    In its outlook, Lion Asiapac says it is operating in an environment that is fraught with declining demand and excessive supply, as well as rising costs and price competition.
    “Measures to contain costs are in place, while efforts to ride out these challenges will continue,” it adds.
    Lion Asiapac shares closed flat at 40.5 cents.

  5. #15
    Forum Editor
    Join Date
    Dec 2013
    Location
    CYCBER WORLD
    Posts
    10,263

    19 August 2015 Highlight Soo Kee's

    19 August 2015 Highlight Soo Kee's shares on public offer 2.3 times oversubscribedSINGAPORE (Aug 19): Jewellery retailer Soo Kee Group says its IPO of 112.5 million shares at 30 cents each drew "positive interest" from investors.
    At the close of the invitation at 12 noon on Aug 18, valid applications for 29.9 million offer shares were received for the 9 million offer shares available to the public for subscription. This means the public tranche of the IPO was 2.3 times oversubscribed.
    Meanwhile, the placement tranche of 103.5 million shares was fully subscribed.
    Soo Kee intends to use part of the net proceeds of $31.6 million for the expansion of the group’s network of retail stores and introduction of new product lines as well as capital expenditure for its new Changi Business Park headquarters.
    Based on the invitation price of 30 cents each and Soo Kee's post-invitation share capital of 562.5 million shares, the market capitalisation of the company is $168.8 million.
    Its shares will start trading tomorrow at 9am on the Catalist board.

  6. #16
    Forum Editor
    Join Date
    Dec 2013
    Location
    CYCBER WORLD
    Posts
    10,263

    19 August 2015 Linair Technologies

    19 August 2015 Linair Technologies acquires Active Building Technologies for $1.9 milSINGAPORE (Aug 19): Linair Technologies, the building services and engineering solutions provider which specialises in air-conditioning systems, says the company's wholly-owned subsidiary, Air System Technology (S), has agreed to acquire a 100% stake in Active Building Technologies for $1.9 million.
    Active Building Technologies is a Singapore-based company that is engaged in the business of providing dormitory maintenance services, as well as air conditioning and ventilation works, general building construction services and mechanical and electrical works, mainly in Singapore.
    Linair says the acquisition will help the group expand further into complementary business areas within the civil engineering and mechanical & engineering industry.
    The acquisition will be funded by existing cash and bank borrowings of the group.
    Linair Technologies closed flat at 3.1 cents.

  7. #17
    Forum Editor
    Join Date
    Dec 2013
    Location
    CYCBER WORLD
    Posts
    10,263

    19 August 2015 Religare Health

    19 August 2015 Religare Health Trust acquires land for Mohali Clinical Establishment expansion in Punjab for $15.7 milSINGAPORE (Aug 19): Religare Heatlh Trust Trustee Manager, the trustee-manager of Religare Heatlh Trust, announced that International Hospital, a wholly-owned subsidiary of RHT, was successful in its bid for a piece of freehold land at $15.7 million.
    The site is designated for hospital use and was offered by the Greater Mohali Area Development Authority through a public auction held on Aug 18. The acquisition is subject to the issue of the allotment letter by the authority.
    The land spans 5.1 acres and adjoins the Mohali Clinical Establishment currently owned by RHT. The establishment has an existing capacity of 344 beds and operates at an occupancy rate of approximately 79%.
    With the acquisition of the land, the Trustee-Manager will have room to expand the establishment with the addition of a new block and cater for up to an additional 500 beds.
    The bid price of $15.7 million represents 2.2% of the net asset value of RHT based on its unaudited results for the three months ended June 30.
    Under the terms of the bid, the project will have to be completed within three years from physical possession of the site.
    The acquisition and development of the land will be funded wholly through external borrowings.
    Upon completion of the acquisition and development of the land, RHT’s gearing ratio will be 19.4%.
    As part of the terms of the auction, 5% of the bid price has been deposited with the authority upon the successful bid by IHL.
    A further 15% of the bid price is payable within 60 days of the date of the auction, with the remaining 80% to be paid within 60 days from the date of issue of the allotment letter.
    In addition to the foregoing, an amount of 2% of the final bid was paid by IHL to The Punjab State Cancer & Drug Addiction Treatment Infrastructure Fund.
    The acquisition of the land is not expected to have any material impact on the distribution per unit and net asset value of RHT for the financial year ending March 31, 2016.
    Units in RHT closed 0.5% higher at $1.02.

  8. #18
    Forum Editor
    Join Date
    Dec 2013
    Location
    CYCBER WORLD
    Posts
    10,263

    19 August 2015 Sunningdale Tech

    19 August 2015 Sunningdale Tech acquires Latvian mould manufacturer for $1.2 milSINGAPORE (Aug 19): Sunningdale Tech, the manufacturer of plastic injection moulds and tools and precision assembly company, says wholly-owned subsidiary Omni Mold has agreed to acquire a 100% stake in Skan-Tooling.
    Skan-Tooling is a company incorporated in the Republic of Latvia whose core business is the production and sale of moulds and prototypes to companies that manufacture components for the electronic, automotive and medical industry.
    The consideration payable by Omni Mold to the vendor for the acquisition is EUR 750,000 ($1.16 million).
    As at Dec 31 2014, the book value and net tangible asset value of Skan-Tooling were EUR 932,000 and EUR 932,000 respectively.
    After the acquisition, Skan-Tooling will become an indirect wholly-owned subsidiary of the company.
    Sunningdale Tech rose 0.6% to 17.6 cents.

  9. #19
    Forum Editor
    Join Date
    Dec 2013
    Location
    CYCBER WORLD
    Posts
    10,263

    19 August 2015 Highlight Singapore’s Jurong Aromatic

    19 August 2015 Highlight Singapore’s Jurong Aromatics in debt talks after oil plunge: sourcesSINGAPORE (Aug 19): Jurong Aromatics Corp., operator of one of the world’s largest petrochemical plants, cannot service its interest payments and is negotiating a debt restructuring with bankers amid a plunge in oil prices, people familiar said.
    Operations at the US$2.4 billion ($3.4 billion) plant have been stalled since December as the Singapore-based group remains locked in talks with lenders, including BNP Paribas SA and Standard Chartered Plc, as well as suppliers Glencore Plc, BP Plc and SK Energy Co., the people said, asking not to be identified because the details are private. Production began in September last year, according to Jurong Aromatics’s website, and the plant was targeting to produce 1.5 million tonnes of aromatics and 2.5 million tonnes of transportation fuels per annum.
    Singapore’s national plan to leverage on its geographical position and become a regional refining hub has been dented by the recent falls in commodity prices. From the establishment in 2001 of tax breaks for trading companies to the hollowing of part of the island to store oil, the country has worked to become one of the world’s biggest energy hubs.
    A Singapore-based spokeswoman for Jurong Aromatics, who asked not to be identified, said company officials weren’t immediately able to comment.
    Jurong Aromatics had US$1.53 billion in liabilities and US$68.7 million of accumulated losses as at the end of 2013, according to the company’s latest available financial records. BP, Glencore, SK Energy have secured claims against the firm, while BNP Paribas led a US$1.73 billion loan facility in 2011 that has yet to be repaid, the records show.
    Working capital
    Jurong Aromatics ran out of working capital in December, the people familiar with the matter said. With interest payments delayed and a grace period coming to an end, some lenders have threatened to tip the company into receivership, they said. Shareholders and suppliers, however, are trying to extend the grace period while an agreement is negotiated, the people said.
    The need for fresh capital has prompted BP, SK Energy and Glencore - which combined are owed about US$500 million - to suggest converting some debt into equity, some of the people said. That would dilute current shareholders and result in the trio holding a 75% stake themselves, the people said.
    Jurong Aromatics is currently owned 30% by SK International Investment, 25% by China’s Jiangsu Sanfanxiang Group Co. and 10% by Glencore. Other shareholders include Arovin Ltd., Shefford Investments Holding, UVM Investment Corp., EDB Investments Pte and Essar Ltd., company records filed with Singapore’s Accounting and Corporate Regulatory Authority show. EDB Investments is a unit of Singapore’s Economic Development Board.
    Limited Impact
    Arovin and Shefford Investments, representing about 20% of the company, are understood to have resisted that proposal and had earlier sought to reach an agreement with Dutch commodity trader Trafigura Beheer BV, other people said. Trafigura Beheer would then pay a fee to use the plant itself.
    Economic Development Board Executive Director for energy and chemicals, Damian Chan, said because Jurong Aromatics isn’t “integrated with other plants on Jurong Island, the impact to the rest of the energy and chemicals cluster is expected to be limited.”
    “Nevertheless, in view of the people employed and the assets invested, EDB continues to encourage and be facilitative of discussions among the stakeholders to start up Jurong Aromatics’s operations,” Chan said. “Singapore has developed an extensive chemicals portfolio, of which aromatics is one of them. Unfortunately the aromatics market is currently in a down cycle and aromatics producers are finding it more difficult to deliver returns.”
    Spokespeople for BNP Paribas, BP and Glencore declined to comment. E-mails and telephone calls to media relations officers at SK Energy parent SK Innovation Co. and Standard Chartered went unanswered.

  10. #20
    Forum Editor
    Join Date
    Dec 2013
    Location
    CYCBER WORLD
    Posts
    10,263

    19 August 2015 ST Telemedia

    19 August 2015 ST Telemedia invests in US big data analytics firmSINGAPORE (Aug 19): Temasek-linked company ST Telemedia (STT) has made its entry into the big data analytics market by taking a stake in US-based firm Datameer for an undisclosed amount.
    In a statement on Tuesday, STT says it is the lead investor in Datameer's US$40 million ($56.2 million) current round of financing and will be represented on the company's board. Among the other existing investors that will participate in this current round of financing are Redpoint Ventures, Kleiner Perkins Caufield & Byers, Next World Capital, Citi Ventures and Software AG.
    STT says proceeds "will go into funding Datameer's growth initiatives across all business units and global expansion".
    The San Francisco-based company runs its own big data insights platform, which allows organisations to process raw data to formulate critical insights seamlessly and rapidly. Its customers include financial services firms, such as Citi and American Express. Other customers include British Telecom, Sears and the USA Olympics Team.
    Consulting firm IDC recently forecast that the big data technology and services market will grow at a 26.4% compound annual growth rate to US$41.5 billion through 2018. Meanwhile, Frost & Sullivan expects the global big data market to reach US$122 billion in revenue by 2025 and the global data traffic will cross 100 Zettabytes annually by 2025.

 

 

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Back to top