Tagged with " keppel corp share price"

Singapore Company Highlights 10/10/2011

Oct 10, 2011 No Comments    Posted under: Breaking News

LVMH Moët Hennessy and the Koh family, the founders and controlling shareholders of Heng Long International Ltd. have reached an agreement to jointly own and control Heng Long. Under this agreement, HLI Holding Pte. Ltd., a dedicated holding company, will make a cash offer for 100% of the outstanding shares in Heng Long for a total consideration of S$160.8 million (i.e. approximately €92million). HLI has received irrevocable undertakings from the Koh family to accept the Offer in respect of their entire shareholding interest of Heng Long shares, representing approximately 74% of the total issued share capital of Heng Long. Following the close of the Offer, the Koh family will re-invest a substantial portion of their proceeds from accepting the Offer and, as a result, HLI will be owned 51% by LVMH and 49% by the Koh family. (S$0.56, -%)

China Aviation Oil (Singapore) Corporation Ltd announced that it has entered into a stock subscription agreement with Oilhub Korea Yeosu Co., Ltd (“OKYC”) to subscribe for a 26% equity stake in OKYC for a consideration of KRW34 billion (approximately US$32 million). The company also announced the appointment of Ms Jean Teo Lang Lang as Chief Operating Officer of CAO from 1 November 2011. (S$0.91, +6.4%)

Qingmei Group Holdings Ltd announced that its Executive Chairman and CEO, Mr. Su Qingyuan had sold 23 million vendor shares in Qingmei to private investors. The vendor sale of 23 million shares, representing approximately 3.6% of Qingmei’s issued capital of 640 million shares, was carried out at a price of S$0.1685 per share, representing a discount of approximately 8.9% to the closing price of S$0.185 on 5 October 2011. Upon completion of the vendor sale, Mr. Su will hold 61.35% of Qingmei’s issued and paid-up share capital. (S$0.169, +0.6%)

Tiong Woon Corporation Holding Ltd announced that it had inked a contract for heavy lifting and installation works with leading global engineering company JGC Corporation at a Singapore refinery project related to an oil major. The exact contract amount cannot be specified for competitive reasons. (S$0.200, -%)

Keppel Corporation Ltd announced that its subsidiary, Keppel FELS Limited has secured a contract to build an enhanced KFELS Super A Class harsh environment jackup rig from Ensco plc (NYSE: ESV) for US$245 million. The rig is scheduled for delivery in 3Q 2014. This contract arose from the exercise of an option which was part of Ensco’s order of two KFELS Super A Class rigs on 10 February 2011. (S$7.90, +5.6%)

Singapore Company Highlights 03/10/2011

Oct 3, 2011 No Comments    Posted under: Breaking News

Keppel Corp Ltd announced that its subsidiary Keppel FELS Limited is on track to deliver Vietnam’s first semisubmersible drilling tender (SSDT) to PetroVietnam Drilling & Well Services Corp (PV Drilling) ahead of schedule, within budget and with a perfect safety record. Built to Keppel’s award-winning KFELS SSDT 3600E design, the rig is well-suited for harsh environments and will be deployed on a multi-year charter to PetroVietnam’s Bien Dong Petroleum Operating Company.

Advance SCT Limited wishes to announce that the Vendor and the Company have mutually agreed to terminate the proposed acquisition of the entire equity interest of Aton Environmental (Anqing) Co., Ltd. and Aton Sludge Treatment Centre (Jiangyin) Co., Ltd. and 50% of the entire equity interests of Aton Environmental ( Shenyang ) Co., Ltd. The consensus to terminate was reached after taking into consideration the current circumstances of the parties involved as compared to the time when the transaction was first mooted in mid 2010.

Lippo Malls Indonesia Retail Trust announced it has entered into conditional sale and purchase agreements to acquire two strategically located quality retail malls in Indonesia for an aggregate purchase consideration of approximately S$388 million. To partially fund these acquisitions, the Manager has proposed a one-for-one renounceable rights issue (“rights issue”) of 1,086,516,497 new units in LMIR Trust at the issue price of S$0.31, representing a 42.6% discount to the closing price of S$0.54 on September 30, 2011. This rights issue is expected to raise gross proceeds of approximately S$337 million1. The balance of the purchase consideration will be drawn from the S$150 million 30-month term loan (secured on September 28, 2011) as well as internal cash.

Tiger Airways Holdings Ltd reported that it for the period July 2011 and August 2011, it had carried 32% and 22% lower passengers compared to the same period last year. Load factor declined 3ppt and 10ppt for the same periods. The Group expects to record a net loss for the current fiscal quarter ending 30 September 2011 as compared to a net profit of S$14.1 million recorded in the same fiscal quarter in 2010.

Teledata (Singapore) Limited announced that the Company is proposing to undertake a renounceable nonunderwritten rights issue (the “Rights Issue”) of up to 610,765,000 new ordinary shares in the capital of the Company (the “Rights Shares”) at an issue price of S$0.005 (the “Issue Price”) for each Rights Share, on the basis of one (1) Rights Share for every two (2) existing ordinary shares in the capital of the Company (the “Shares”) held by the shareholders of the Company (the “Shareholders”) as at a time and date to be determined by the Directors for the purpose of determining the Shareholders’ entitlements under the Rights Issue (the “Books Closure Date”), fractional entitlements to be disregarded.

Singapore Company Highlights 14/09/2011

Sep 14, 2011 No Comments    Posted under: Breaking News

Keppel Corp Ltd announced that Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly-owned subsidiary, Keppel Nantong Shipyard Co. Ltd (Keppel Nantong) in China has secured a contract worth S$143 million to build a heavy lift sheerleg crane vessel for Asian Lift Pte Ltd (Asian Lift).Scheduled to be completed in 3Q 2013, the 5,000-tonne floating crane will be the largest and most versatile heavy lift sheerleg crane vessel of its kind in the world.

ST Engineering today announced that its land systems arm, ST Kinetics, has won a contract worth S$68m from the Singapore Ministry of Defence (MINDEF) through an international tender, to supply its new generation Spider Light Strike Vehicles (Spider LSV) and spares. Delivery is expected to take place over 2013-14.

Technics Oil and Gas Limited announced that it has secured another EPCC contract from JV Vietsovpetro for the provisioning of the topside equipments for wellhead satellite platforms named GT-1 for the “White Bear” and MT-1 for the “White Cat” oilfields in offshore Vietnam , worth an estimated S$32 million. The two platforms from this latest contract are expected to produce up to a total of 84,000 barrels of crude oil per day. Project planning will commence in September 2011 and the platforms are targeted for completion in June 2012.

Singapore Medical Group Ltd announced the intention to establish a JV with Zhong Ji Shi Jia, a subsidiary of the Jing Hong Group in China and the setting up of its first flagship eye surgery centre in Beijing , China by 31st December 2011. An agreement has already been entered to set up this first eye surgery centre at Gateway Building in theprestigious Beijing Caoyang district.