Inphyy Corner

Sunvic Chemical's Taixing Plant To Be Acquired By Euronext Paris-Listed Arkema SA For RMB 3.9 Billion

sunvic.listedcompany.com/newsroom/201401...257C6900225B61.1.pdf

Sound Global - Voluntary Delisting Of Sound Global Ltd. From The Official List Of The Singapore Exchange Securities Trading Limited (The "SGX-ST") - (1) Date Of Delisting; And (2) Despatch Of Share Certificates And Trading Of Shares On The SEHK

Jan 23, 2014

DATE OF DELISTING

The Company wishes to announce that the Shares of the Company will be delisted from the Official List of the SGX-ST with effect from 9.00 a.m. on 27 January 2014.

soundglobal.listedcompany.com/newsroom/2...257C69003475DF.1.pdf

Blumont makes takeover offer for Genesis Resources, plans to pay by issuing new shares
www.straitstimes.com/breaking-news/money...ay-issuing-new-share

Ezra Holdings secures subsea projects worth about $102m
www.straitstimes.com/breaking-news/money...-about-102m-20140124

Tiger Airways posts Q3 net loss of $118.5m
www.businesstimes.com.sg/premium/compani...-loss-1185m-20140124

JES's bet on Mineriver leaves no room for error
www.businesstimes.com.sg/premium/compani...-room-error-20140124

GK Goh makes mandatory conditional bid for Boardroom
www.businesstimes.com.sg/premium/compani...d-boardroom-20140124

Ezra: Awarded US$80 Million New Subsea Projects

Ezra Holdings Limited (“Ezra”, the “Group” or 以斯拉控股), a leading global offshore
contractor and provider of integrated offshore solutions to the oil and gas (O&G)
industry, today announced that its Subsea Services division (EMAS AMC) been
awarded projects worth a total of approximately US$80million, including options.

The scope of these projects cover a large spectrum of subsea work, including the
decommissioning and towage of an FPSO in Asia and the deployment of an Inspection,
Maintenance and Repair (IMR) vessel in the Americas. Work for a majority of the
contracts is expected to commence by the first half of 2014.

“We are extremely pleased with these contract wins, which allows us to showcase the
breadth of capabilities that EMAS AMC possesses as well as our global reach,” said
Ezra’s Group CEO and Managing Director, Mr Lionel Lee.

“It is an auspicious start to the new year. We are seeing a good pick up of activities in
the key regions where we are focused on, and we are well -positioned to take
advantage of the upturn in 2014.”

The Group began the year with strong top-line growth with operational profitability,
registering a 22% jump to US$339.8 million in revenue compared to the corresponding
period in FY13. The Group’s subsea orderbook stands at more than US$1.4 billion, and
is still tendering for some US$9 billion in projects worldwide.


ezra.listedcompany.com/newsroom/20140124...257C6900559453.1.pdf

Singapore “Flyer” of the Week: Singapore Medical Group

By Sudhan P - January 24, 2014

Singapore Medical Group Limited (Catalist: 5OT), or SMG, has flown 17.4% so far for the week, closing at S$0.155 on Thursday.

The healthcare outfit provides multi-disciplinary specialist healthcare services across different fields such as ophthalmology, aesthetic medicine, sports medicine and oncology. Some of its clinics include Lasik Surgery Clinic, The Dental Studio, and Singapore Aesthetic Centre.

Last week, on 14 Jan 2014, the company announced that, it had signed a Memorandum of Understanding (MOU) between itself and Ciputra Group in Indonesia on 8 Jan 2014 to establish Ciputra SMG Eye Clinic in Ciputra Medical Centre, located in the Mall of Ciputra World 1, Lotte Shopping Avenue, Jakarta, Indonesia. Ciputra SMG Eye Clinic will focus on “serving patients requiring vision correction and treatment through LASIK surgery and cataract surgery”.

Dr Beng Teck Liang, Chief Executive Officer of SMG, said, “Indonesia is a very important medical tourism market for SMG and we are delighted to be able to continue extending Singapore’s high standards and quality healthcare outside our shores. We are extremely excited to work with Ciputra Group to provide patients in Indonesia with FDA-approved laser vision correction technologies as well as safe and reliable cataract surgery to regain their vision. We are committed to work with Ciputra Group to deliver patient centered medical care and experience to every individual.”

The company has been loss-making for the last two financial years.


Courtesy of The Motley Fool

Falling Knife of the Week: OEL (Holdings) Limited

By Sudhan P - January 24, 2014

OEL (Holdings) Limited (Catalist: 584), formerly known as Oakwell Engineering Limited, fell 11% so far for the week. It closed at $0.112 on Thursday. The company is an investment holding company that provides of a wide range of engineering and procurement solutions to the energy-related industries.

Last week, on 16 Jan 2014, OEL announced that it will be acquiring two companies – Singapore Service Residence Pte Ltd (SSRPL) and Expats Residences Pte Ltd (ERPL) – for a total of around S$54 million. The two companies are indirect wholly owned Singapore subsidiaries of Heng Fai Enterprises Limited, which is listed in Hong Kong.

The acquisition will be funded via the company’s internal resources and issuance of convertible bonds.

One of the rationales for the latest move is to diversify into the property segment in Singapore. SRPL and ERPL own a total of 35 commercial, residential, and small-office-home office properties in North Bridge Road and Dakota Crescent. The total area of the units is 41,585 square feet. The properties have a carrying value of around S$72 million and outstanding bank loans of approximately S$19million, as of 30th September 2013.

OEL made losses of S$29 million in 2012.


Courtesy of The Motley Fool