Offshore oil and gas industry service provider Swiber Holding has
secured a charter contract in India worth about US$14 million. The contract from BG
Exploration and Production India Ltd is for the provision of an anchor handling tug and
supply (AHTS) vessel to be used in Indian waters for marine oil and gas works. The threeyear
contract starts in April next year (2007) and includes options for two six-month
extensions. The deal is expected to have a positive impact on the company's net tangible
assets and earnings per share for the financial year ending Dec 30, 2007, said Swiber. BG
Exploration is a subsidiary of BG India, which holds a 30 per cent interest in the Tapti gas
field together with the Panna/Mukta oil and gas fields off the shore of Mumbai. The latest
contract comes on the heels of an earlier letter of intent Swiber signed with BG Exploration
for the provision of transport vessels, a deal which is expected to contribute about US$5.75
million to Swiber's turnover in FY2007.
Showing posts with label kelive. Show all posts
Showing posts with label kelive. Show all posts
Monday, December 04, 2006
UTAC
Semiconductor testing firm United Test & Assembly Center (Utac) said it is
investing US$100 million over the next three years in Thailand, where it will consolidate its
leadframe-based packaging business. The investment will include a 29,100-square-metre
factory - its third in the country - will have testing operations and a distribution centre. The
new investment follows the company's acquisition of NS Electronics Bangkok (1993) in
June for US$175 million. It has been renamed Utac Thai. 'Our Thailand operations are
growing very strongly and have become a significant contributor to the group's growth over
the past two quarters,' said group president and chief executive officer Lee Joon Chung in a
news release yesterday. 'Moving forward, the group's strategy will be to consolidate
leadframe-based assembly in Thailand, with Singapore concentrating on substrate-based
packaging activities. 'The strategy to focus on the respective strengths and capabilities of
our Singapore and Thailand operations reinforces the synergies between both sites.' Utac
Thai will lease the new building, which is near the existing plant in the Wellgrow industrial
park of Chachoengsao province. The plant, expected to begin production in the second half
of next year, will employ more than 1,000 people. Utac Thai has two other factories in the
districts of Bangna and Wellgrow, just outside Bangkok city, with a total of 640,000 square
feet of production space hosting 598 wirebonders and 340 testers, the company said.
investing US$100 million over the next three years in Thailand, where it will consolidate its
leadframe-based packaging business. The investment will include a 29,100-square-metre
factory - its third in the country - will have testing operations and a distribution centre. The
new investment follows the company's acquisition of NS Electronics Bangkok (1993) in
June for US$175 million. It has been renamed Utac Thai. 'Our Thailand operations are
growing very strongly and have become a significant contributor to the group's growth over
the past two quarters,' said group president and chief executive officer Lee Joon Chung in a
news release yesterday. 'Moving forward, the group's strategy will be to consolidate
leadframe-based assembly in Thailand, with Singapore concentrating on substrate-based
packaging activities. 'The strategy to focus on the respective strengths and capabilities of
our Singapore and Thailand operations reinforces the synergies between both sites.' Utac
Thai will lease the new building, which is near the existing plant in the Wellgrow industrial
park of Chachoengsao province. The plant, expected to begin production in the second half
of next year, will employ more than 1,000 people. Utac Thai has two other factories in the
districts of Bangna and Wellgrow, just outside Bangkok city, with a total of 640,000 square
feet of production space hosting 598 wirebonders and 340 testers, the company said.
Wednesday, November 22, 2006
Keppel Land
The waterfront lifestyle is set to get a boost from Keppel Land's $30 million
Marina@Keppel Bay, slated for completion at the end of next year. The marina on Keppel
Island will be able to accommodate almost 200 yachts, with five berths for mega yachts of
between 100 and 200 feet. The marina will also add to the upmarket positioning of Keppel
Land's soon-to-be-launched condominium next to its Caribbean@Keppel Bay. Already,
news of the Sentosa integrated resort has helped push up prices in the area. Caribbean
was launched at about $800 psf in 2000, but prices have since surged almost 50 per cent.
Keppel Land has only a few units left - and its deputy general manager of marketing
(residential) Albert Foo says prices are now around $1,200 psf. Like Sentosa Cove, the
area, with Keppel Land's as-yet-unnamed new condominium development, is being
marketed as a playground for the rich and famous, and Mr Foo says the response from
foreign investors has been good. The condominium is being designed by renowned
architect Daniel Libeskind. 'We have test marketed the design overseas and we are
confident of getting a wider range of foreign investors,' Mr Foo said. At the Caribbean,
about 20 per cent of buyers are foreigners, he said. Prices of the 1,200-unit new
development have not been fixed, but Mr Foo said Keppel Land will take its cue from prices
at Sentosa Cove. He said that apart from this development, Keppel Land has three more
residential sites at Keppel Bay.
Marina@Keppel Bay, slated for completion at the end of next year. The marina on Keppel
Island will be able to accommodate almost 200 yachts, with five berths for mega yachts of
between 100 and 200 feet. The marina will also add to the upmarket positioning of Keppel
Land's soon-to-be-launched condominium next to its Caribbean@Keppel Bay. Already,
news of the Sentosa integrated resort has helped push up prices in the area. Caribbean
was launched at about $800 psf in 2000, but prices have since surged almost 50 per cent.
Keppel Land has only a few units left - and its deputy general manager of marketing
(residential) Albert Foo says prices are now around $1,200 psf. Like Sentosa Cove, the
area, with Keppel Land's as-yet-unnamed new condominium development, is being
marketed as a playground for the rich and famous, and Mr Foo says the response from
foreign investors has been good. The condominium is being designed by renowned
architect Daniel Libeskind. 'We have test marketed the design overseas and we are
confident of getting a wider range of foreign investors,' Mr Foo said. At the Caribbean,
about 20 per cent of buyers are foreigners, he said. Prices of the 1,200-unit new
development have not been fixed, but Mr Foo said Keppel Land will take its cue from prices
at Sentosa Cove. He said that apart from this development, Keppel Land has three more
residential sites at Keppel Bay.
Tuesday, November 21, 2006
China Energy Ltd
The chemical producer’s initial public offering (IPO) in
Singapore is expected to raise as much as $157 million, sources close to the deal
said yesterday. The company is currently on a roadshow and has set an indicative
price range of $0.54 to $0.83 a share, the source told Reuters. A second source
said the IPO would be priced on Nov 29 in New York. China Energy plans to sell
176 million new shares and 13 million vendor shares, the sources said. The total
of 189 million shares to be sold is equivalent to about 16 per cent of the enlarged
share capital. If priced at the top end of the range, the company would have a
value of $976 million. ABN AMRO Rothschild is the lead manager for the IPO.
China Energy Ltd said in its prospectus that it is the country's largest producer of
di-methyl-ether (DME), an alternate fuel for liquefied petroleum gas. It produces
DME and methanol in Linyi, in China's Shandong province. The company plans to
use the IPO proceeds to acquire an additional production facility, to boost existing
capacity and for working capital needs. It plans to boost its DME production
capacity to 600,000 tonnes per year by the first half of 2007, from 150,000 tonnes
per year currently following an acquisition.
Singapore is expected to raise as much as $157 million, sources close to the deal
said yesterday. The company is currently on a roadshow and has set an indicative
price range of $0.54 to $0.83 a share, the source told Reuters. A second source
said the IPO would be priced on Nov 29 in New York. China Energy plans to sell
176 million new shares and 13 million vendor shares, the sources said. The total
of 189 million shares to be sold is equivalent to about 16 per cent of the enlarged
share capital. If priced at the top end of the range, the company would have a
value of $976 million. ABN AMRO Rothschild is the lead manager for the IPO.
China Energy Ltd said in its prospectus that it is the country's largest producer of
di-methyl-ether (DME), an alternate fuel for liquefied petroleum gas. It produces
DME and methanol in Linyi, in China's Shandong province. The company plans to
use the IPO proceeds to acquire an additional production facility, to boost existing
capacity and for working capital needs. It plans to boost its DME production
capacity to 600,000 tonnes per year by the first half of 2007, from 150,000 tonnes
per year currently following an acquisition.
December 5, 2006, 10.28 am (Singapore time)
China Energy's S'pore IPO more than 10 times covered
SINGAPORE - The $160 million (US$104 million) initial public offering for China-based chemicals producer China Energy has been heavily oversubscribed and is due to be priced next week, a source involved with the deal said on Tuesday.
'The order book is looking very good, multiple times covered,' the source said. 'It is more than 10 times covered.'
China Energy -- which plans to sell 176 million new shares and 13 million vendor shares according to its prospectus -- had set an indicative range of $0.54 to $0.83 a share for the IPO, sources said. That would raise between $102 million and $157 million for the company and its vendor shareholders.
The source said the IPO would be priced on Dec 13.
China Energy said in its prospectus that it is the country's largest producer of Di-Methyl-Ether, an alternative fuel for liquefied petroleum gas. It produces DME and methanol in Linyi, in China's Shandong province. -- REUTERS
Luzhou Bio-Chem Technology
Yesterday said it has entered into agreements
to supply high fructose corn syrup to leading food and beverage manufacturers in
China, confirming earlier market speculations. Luzhou shares rose as much as 5.1
per cent to 82.5 cents yesterday after DBS Vickers Securities said in a research
note that the maker of corn sweeteners had won a contract to supply corn
sweetener to a leading carbonated drinks producer in Shanghai. The shares
eventually closed at 81 cents, up 2.5 cents. After the market closed, Luzhou
confirmed the DBS Vickers report that the company plans to supply the high
fructose corn syrup through its plants in Liaoning, Shandong, Henan and Shaanxi.
It also said it has completed enhancements to the production capabilities at its
Shaanxi and Henan plants to produce high fructose corn syrup and high maltose
syrup.
to supply high fructose corn syrup to leading food and beverage manufacturers in
China, confirming earlier market speculations. Luzhou shares rose as much as 5.1
per cent to 82.5 cents yesterday after DBS Vickers Securities said in a research
note that the maker of corn sweeteners had won a contract to supply corn
sweetener to a leading carbonated drinks producer in Shanghai. The shares
eventually closed at 81 cents, up 2.5 cents. After the market closed, Luzhou
confirmed the DBS Vickers report that the company plans to supply the high
fructose corn syrup through its plants in Liaoning, Shandong, Henan and Shaanxi.
It also said it has completed enhancements to the production capabilities at its
Shaanxi and Henan plants to produce high fructose corn syrup and high maltose
syrup.
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