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PEC Ltd. achieved net profit of S$10.0 million on a revenue of S$439.7 million for the financial year ended 30 June 2014. The operating profits in FY14 increased by S$7.1 million as compared to FY13, which included a one-off capital gain of S$8.4 million. Revenue from the Group's projects segment came in at S$298.7 million, while the maintenance segment achieved revenue of S$140.2 million. Gross profit rose 6% to S$96.5 million, largely attributable to the recognition of variation works on projects. The Group's net cash flow from operating activities in FY14 was S$22.3 million as... Full Story »
OSIM International Ltd is pleased to announce that S$170 million in principal amount of zero-coupon unsecured convertible bonds due 2019 have been fully placed to institutional and accredited investors. The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch has been appointed as sole bookrunner and sole lead manager for the issue. The Singapore-dollar convertible bonds, which have a term of 5 years, will be convertible into new OSIM ordinary shares at an initial conversion price of S$3.525 per new Share. The initial conversion price has been set at a 25% premium over the closing price of S$2.82 per Share on 26 August 2014.... Full Story »
Advanced Integrated Manufacturing Corp. Ltd.'s subsidiary, Advanced Manufacturing Corp (Penang) Sdn Bhd, has been awarded a Third Party Logistic Services project from Honeywell International Inc. for a period of 5 years. The transition activity in relation to the 3PL Project will take place from 26 August 2014 to 13 October 2014. With effect from 14 October 2014, AMC Penang will take over the existing employees in Honeywell Aerospace Avionics Malaysia Sdn Bhd's logistics department with approximately 40,000 square feet and manage it within Honeywell Penang's facility... Full Story »
OSIM International Ltd proposes to issue S$150,000,000 in principal amount of Convertible Bonds and up to an additional S$50,000,000 pursuant to an upsize option granted by the Company in favour of HSBC, which shall be exercisable up to the Closing Date. Pricing of the Convertible Bonds is expected to take place on or about 26 August 2014... Full Story »
Ascendas Real Estate Investment Trust wishes to announce that HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee, has issued HKD620,000,000 1.67 Per Cent. Notes Due 2018 to institutional investors. The Notes are issued under the S$1,000,000,000 Multicurrency Medium Term Note Programme established by the Issuer on 20 March 2009. The Hongkong and Shanghai Banking Corporation Limited has been appointed as dealer of the Notes. The Notes will mature on 26 February 2018 and will bear a fixed interest rate of 1.67% per annum payable quarterly in arrear... Full Story »
Sino Construction Limited was incorporated in Singapore on 11 September 2006 as a private limited company under the name of Sino Construction Pte Ltd. The Company was converted to a public limited company and changed its name to Sino Construction Limited on 16 April 2008.
The Group comprises its Company and its subsidiaries, Daqing Xinyuan, Dazheng Building and Daqing Baixinyuan. The Group is principally engaged in building construction and civil engineering activities in Daqing City, China.
The Pacific Radiance Group of Companies is an established owner and operator of offshore vessels and a provider of subsea services, shipyard services, marine equipment as well as project logistics to the global oil and gas industry.To become a global and best-in-class integrated marine solutions provider in all our business segments. Our mission is to consistently meet or exceed our commitment to customers? requirements, whilst providing sustainable value to our stakeholders and developing our people.
Our Group, comprising Yongmao Holdings Limited and our PRC subsidiary, designs and manufactures a wide range of towercranes and towercrane components and accessories. Our Group has history tracing back to 1992 when a company held by our controlling shareholders engaged in the business of selling and distributing construction materials and metal casting parts. Towercranes are used mainly in construction sites to lift building materials and equipment.
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The Company was incorporated on 18 September 2001 under the Act as a private company limited by shares under the name "JEL Corporation (Holdings) Pte Ltd". On 14 July 2003, the Company was converted into public limited company and change its name to "JEL Corporation (Holdings) Ltd". On 24 May 2012, JEL Corporation (Holdings) Ltd has adopted a new name and corporate identity, GSH Corporation Limited. GSH is the acronym for Global Strategic Holdings and reflects the Company's growth strategy - reinforcing its global reach in distribution and strategic positioning in emerging markets. GSH Corporation Limited and its group of companies ("GSH Corporation") are established distributors of IT, photographic, timepiece and healthcare products, with distribution networks spanning many emerging markets in Asia, the Middle East and Central Asia, for renowned brands such as Apple, Fujifilm ,Tamron, Marumi, Velbon, Metz, Titan, Corum, Wenger, Nixon, Nichiban and Hakuzo, as well as its two in-house brands, efiniti and Ecochem. As part of its inorganic growth strategy, GSH Corporation is seeking to diversify into property development in the PRC.
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