Singapore Company Highlights 05/10/2011

Posted on Oct 5, 2011

Posted under: Breaking News

Zhongmin Baihui Retail Group Ltd, a PRC department store brand that operates one of the largest underground retail malls in Fujian Province , the PRC, has launched a new department store on Jiahe Road in Huli District, Xiamen City on 1 October 2011, which is also the Group’s eighth store in Fujian Province . With this opening, the aggregate gross floor area self-owned and managed by the Group increases by 26% or 251,000 sqf (23,300 sqm) to 1,202,000 sqf (111,700 sqm). (S$1.36, -%)

Artivision Technologies Ltd announce that it has signed an agreement with its strategic partner in China to bring the Company’s proprietary online video advertising technology, AdVision to its partner’s online video entertainment portal. Under the agreement, the partner will provide Artivision’s proprietary AdVision technology, a non-intrusive in-video advertising solution, on its online video content for three years until 22nd September 2014. (S$0.144, +1.48%)

Pacific International Lines (Private) Limited proposes to de-list Pacific Shipping Trust from the Official List of the Singapore Exchange Securities Trading Limited, making an exit offer of US$0.43 per Unit in cash. (US$0.375,-%)

Hiap Hoe Limited announced that it is acquiring a property located at 54 Kallang Pudding Road Singapore 349325 for a total purchase consideration of S$33.5 million. (S$0.405,-%)

Noble Group Limited announced that an application has been filed in relation to a possible spin-off and primary listing of its agriculture business on the Main Board of the Singapore Exchange Securities Trading Limited. (S$1.205, -5.8%)