VARD: Secures NOK 1 Billion Contract For Diving Support And Construction Vessel For Harkand Group
31 Dec 2013 10:05
Vard Holdings Limited has secured a contract with a new customer, Harkand Group, for the design and construction of one Diving Support and Construction Vessel. The value of the contract exceeds NOK 1 billion. The vessel is scheduled for delivery from Vard Søviknes in Norway in 2Q 2016. The hull of the vessel will be delivered from Vard Tulcea in Romania. The contract comprises an option to place an order for a second similar vessel...
Ramba Energy: Extension Of Long-Stop Date To 31 March 2014
31 Dec 2013 12:58
The Offeror, Sugih Energy Pte. Ltd., has consulted with the SIC and the SIC has granted an extension of the Long-Stop Date to 31 March 2014. If the Pre-Conditions are not satisfied or waived by the Offeror by 31 March 2014, the Partial Offer will lapse and the Offeror will not be seeking a further extension of the Long-Stop Date beyond 31 March 2014...
Written by Bloomberg
Thursday, 02 January 2014 15:31
GSH Corp., a Singapore company diversifying into property development, headed for the highest close in 10 months after it jointly bought a majority stake in Malaysia’s Sutera Harbour Group for 700 million ringgit ($270 million).
The stock gained as much as 13.6%, the most in more than 10 months, to 9.2 cents and traded at 8.7 cents as of 2:14 p.m. local time. GSH now jointly owns 77.5% of Sutera Harbour, which operates two five-star hotels in Kota Kinabalu and the Sutera Harbour Marina and Country Club, according to a statement.
GSH bought the stake with TYJ Group, the investment vehicle of its executive chairman Sam Goi Seng Hui, known as the “spring roll king.”
“Kota Kinabalu is a rising property hotspot in Malaysia and we see robust potential for prime real estate in the city, fueled by strong tourism growth from northeast Asian countries such as Korea, Japan, Hong Kong and China,” Gilbert Ee, GSH’s chief executive officer, said in the statement yesterday. “We see great potential in Kota Kinabalu’s luxury hospitality sector as well as premier resort homes.”
Armstrong Industrial Corporation Limited will be delisted from the Official List of the Mainboard of the Singapore Exchange Securities Trading Limited with effect from 9.00 a.m. on 6 January 2014...
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