Inphyy Corner

Noble Group - presses China's Yanzhou to improve Yancoal offer

MELBOURNE | Mon Oct 28, 2013 11:45am IST

Oct 28 (Reuters) - China's Yanzhou Coal Mining Co is under pressure to raise its $191 million offer to take its Australian Yancoal unit private from Singapore's Noble Group, a key Yancoal shareholder, people familiar with the process said.


in.reuters.com/article/2013/10/28/yancoa...dINL3N0II12O20131028

Tritech - RESPONSE TO SGX-ST QUERY REGARDING TRADING ACTIVITY

The Board of Directors (the “Directors”) of Tritech Group Limited (the “Company”) refers to the queries
rom the Singapore Exchange Securities Trading Limited (the “SGX-ST”) on 28 October 2013 regarding the
substantial decrease in the price of shares of the Company traded today (the “Queries”). The Company sets
out its responses to the Queries as follows:-

Question 1:
Are you aware of any information not previously announced concerning you (the issuer), your subsidiaries or associated companies which, if known, might explain the trading? - If yes, the information must be announced immediately.

Response:
The Company is not aware of any information not previously announced concerning the Company or its
subsidiaries or associated companies which might explain for the trading activity and the decrease in the price of the Company’s shares today, save for the announcement released by the Company today in relation to the marble sales contracts entered into with property developers in China.

Question 2:
Are you aware of any other possible explanation for the trading?

Response:
The Company had on 14 September 2012 and 2 August 2013 announced the proposed restructuring(“Proposed Restructuring”) and the spin off listing of its limestone business on The Stock Exchange of Hong Kong Limited (“Proposed Spin-off”). The Company is still in the midst of resolving certain issues in connection with the Proposed Restructuring and the Proposed Spin-off and will make the necessary announcements as and when there are further developments.Save as disclosed above, the Company is not aware of any other possible explanation for the trading.

Question 3:
Can you confirm your compliance with the listing rules and, in particular, listing rule 703?

Response:
The Company confirms that it is in compliance with the listing rules and, in particular, Rule 703 of the Listing
Manual (Section B: Rules of Catalist) of the SGX-ST.

BY ORDER OF THE BOARD
Dr Wang Xiaoning
Managing Director
28 October 2013


✤✤✤✤✤✤✤✤
me think can train a monkey to do the answering to query regarding trading activity job. All similar answers.

Tritech - MARBLE SALES CONTRACTS ENTERED INTO WITH PROPERTY DEVELOPERS IN CHINA

The Board of Directors of Tritech Group Limited (the “Company” and together with its subsidiaries, the “Group”) wishes to announce that its wholly-owned subsidiary, Qingdao Terratech Resources Pte Ltd (as the supplier) has entered into the following contracts in relation to the sale of marble and marble related products to four unrelated property development companies (“Developers”) in the People’s Republic of China:

(i) Marble Sales Contract dated 21 October 2013 with 青岛金石佳苑置业有限公司;
(ii) Marble Sales Contract dated 21 October 2013 with 青岛世航置业有限公司;
(iii) Marble Sales Contract dated 22 October 2013 with 青岛华恒置业有限公司; and
(iv) Marble Sales Contract dated 22 October 2013 with 青岛华恒翰林置业有限公司

(collectively referred to as the “Marble Sales Contracts”).

Each of the Marble Sales Contracts is for a particular property development project. Pursuant to the Marble
Sales Contracts, the total contract amount is up to RMB88,542,000 (equivalent to approximately S$17.95
million based on an exchange rate of S$1.00:RMB4.9330 as at 22 October 2013) and the marble are to be
delivered progressively commencing from around mid-2014, upon notices from the respective Developers
and according to the construction progress of the respective projects.

The Marble Sales Contracts represent the first significant confirmed sales for the Group’s marble resource
business and is a significant milestone for the Group in this area. The Marble Sales Contracts also shows
the Group’s progress in ramping up sales and marketing efforts to develop a customer base for its marble
products.

The Marble Sales Contracts are not expected to have a material impact on the consolidated earnings per
share and/or net tangible assets per share of the Group for the current financial year ending 31 March 2014.

None of the Directors or substantial shareholders of the Company has any interest, direct or indirect (other
than through their shareholdings in the Company), in the Marble Sales Contracts.

BY ORDER OF THE BOARD
Dr Wang Xiaoning
Managing Director

28 October 2013


info.sgx.com/webcoranncatth.nsf/VwAttach...ct13.pdf?openelement

Tritech - REQUEST FOR LIFTING OF TRADING HALT

Date of Lifting of Trading Halt * 28-10-2013
Time of Lifting of Trading Halt * 1645 hours

Tigerair - hammered by $24m associates losses

Investors' patience may be wearing thin.

According to DBS, 2Q-FY14 results disappoint (core net loss of S$35m) as Tigerair Singapore slips into the red. Associates contributed a further S$24m of losses to the bottomline, with all three operations in Indonesia, Philippines and Australia still in the red, with no visible signs of improvements.

Here's more from DBS:

The Group also recorded S$48m impairment charges on its investments in associates in 2Q14. Despite this, management reiterated their faith in the longer term potential of these ventures by pumping in a further S$71m in shareholder loans.

Contrary to our expectations of continued positive operating results at the Singapore operations, Tigerair Singapore slipped into the red in 2Q-FY14, recording operating losses of S$12.8m.

This came on the back of a 3.6ppts decline in load factor to 78.5% (as the capacity increase did not keep pace with demand) and a 5.6% y-o-y dip in passenger yield owing to adjustments for the higher passenger service charges at Changi Airport.

Costs per ASK, on the other hand, increased by 3.6% y-o-y, as a result of higher ground handling charges at Changi Airport and higher heavy maintenance expenses during the quarter.

Factoring in lower load factors and higher costs at Tigerair Singapore and wider losses from associates, we push up our core loss estimate for FY14 to S$80m from S$11m previously, and we now believe the Group is unlikely to turnaround in FY15 as well.

With Singapore operations showing signs of saturation, Australian losses continuing and the two cubs in Indonesia and Philippines still in the early start up phase without significant market share, investor patience may be wearing thin on the prospects for the counter.

ST Engineering - ST ENGINEERING’S AEROSPACE ARM RECEIVES LINE MAINTENANCE CONTRACT FROM JETSTAR ASIA

info.sgx.com/webcoranncatth.nsf/VwAttach...Asia.pdf?openelement