John Wong, independent director, Goodpack. File photo by Sim Kih
GOODPACK: John Wong, an independent director of Goodpack, bought 250,000 warrants of the company at 42 cents each on Wed, Dec 16. His purchase amounted to $105,000.
He now holds 1,321,555 warrants.
Goodpack is the No.1 operator in the world in its business of leasing out returnable intermediate bulk containers (IBCs) which are used to transport rubber, apple juice, edible oils, etc.
Mr Wong, who was a former MD of IBM Singapore, also owns 5,357,775 shares of Goodpack, or 1.15% of the company.
Recent story: GOODPACK going for new growth drivers
Chua Cheng Song, CEO, Adampak
ADAMPAK: On Wednesday and yesterday (Dec 16, 17), Chua Cheng Song, the CEO of Adampak, bought a total of 201,000 shares in his company.
That brings his total holding to 8 million shares, or 3.035 % of the company.
Adampak is a Hard Disk Drive component manufacturer, whose 3Q09 sales were in line with DMG & Partners' forecasts although net profit was above its expectations.
The company reaped better economies of scale. With the outlook for hard disk drives still looking bullish, DMG & Partners expect Adampak to record net profit growth of no less than 37% in 4Q09 year-on-year.
"We therefore maintain BUY with an unchanged target price of S$0.295 based on our dividend discount model," according to its report in late November.
Read: My interview with Adampak's CEO by Joe Ong
From waste to electrical energy.
C&G Industrial Holdings: Has been granted in-principal approval by SGX-ST for the acquisition of CUGU Environmental Protection International Limited, a leading developer and operator of waste-to-energy plants headquartered in Hong Kong, with the issuance of 505,023,354 new shares, priced at S$0.24 per share.
The total acquisition amount of approximately RMB563.7 million comprises of an initial consideration amount of approximately RMB360.4 million and additional consideration amount of approximately RMB203.4 million.
The consideration amount is based on CUGU EPIL’s existing concessionary rights for 4 Build-Operate–Transfer projects in Jinjiang, Huangshi, Hui’an and Anxi, which has a total designed annual treatment capacity of 1.3 million tons of municipal solid waste.
Full announcement here.
Recent story: C&G's target acquisition has rising revenue, profit
CWT in advanced talks which could lead to a REIT listing
CWT: The Company is in advanced confidential discussions with relevant parties and documentary preparations (including preliminary submissions to regulatory authorities) in relation to a proposed sale and leaseback of its logistics facilities located at 24 Penjuru Road, Singapore 609128 and 2 Fishery Port Road, Singapore 619746 in connection with a potential establishment of a logistics-related real estate investment trust to be listed on the SGX-ST.
CWT's stock price has more than doubled since its low in March.
However, it should be noted that no definitive agreements whatsoever have been executed and relevant regulatory and third party approvals (including approvals of the Monetary Authority of Singapore and SGX-ST) have not been obtained.
The Company notes that Kim Eng Research Pte. Ltd. has today, in its morning bulletin, issued a favorable recommendation for the Company' shares, with a target price of S$1.11.
Full announcement here.
