Singapore Medical Group to Set Up Hospital in Mongolia Singapore Medical Group (SMG) Limited, a provider of specialist and general practitioner healthcare services, announced it is planning to establish a joint venture for a flagship multi-disciplinary tertiary hospital in Ulaanbaatar, Mongolia. The Group signed a Memorandum of Understanding (MOU) with Chono Corporation to set up...

Qualitas Medical Group to Acquire 75 Per cent Equity Interest in GPA Dental Group Qualitas Medical Group Limited, through its subsidiaries Qualitas Healthcare International Sdn Bhd (QHI) and Dr Marcus Cooney & Associates Pte Ltd (DMCA), has entered into an agreement to acquire 75 per cent of shares in GPA Dental Group (Singapore) Pte Ltd....

Hiap Tong Corporation Changes Financial Year End Hiap Tong Corporation Ltd (the “Company”) has changed its financial year end from 31 December to 31 March, after considering administrative efficiency in manpower manage- ment, as well as cost savings on professional fees required to meet statutory audit requirements, the Company said Tues- day. Following the change,...

Kreuz Secures US$7.6 million Subsea Installation Contract Kreuz Holdings Limited, a subsea service provider for the oil and gas industry, signed a US$7.6 million subsea installation contract with a leading offshore construction company in the Middle East. The scope of work mainly comprises subsea installation work, which is scheduled to be completed by 2Q2011. Kurush...

C20 Holdings Completes Acquisition of Swissco International Catalist-listed C2O Holdings Limited, a marine logistics and support services provider, has completed the acquisition of Swissco International Limited. The company will be renamed Swissco Holdings Limited with effect from 23 September 2010. As such, Swissco International will become a wholly- owned subsidiary of the Company. Under a...

Sapphire Forms Strategic Alliance with Sichuan Chuanwei Catalist-listed Sapphire Corporation Limited formed a strate- gic alliance with Sichuan Chuanwei Group Co Limited to increase cooperation on initiatives involving fund-raising, the venturing into trading of related resources, or investments. The signing of the memorandum was witnessed by Singapore’s Mr Lim Swee Say, Minister in the Prime...

PNE Micron Sells Assets to Evergrown Coating Catalist-listed PNE Micron Holdings Limited sold its Macore Technology (M) Sdn Bhd’s plant and equipment to Evergrown Coating Sdn Bhd for RM2.634 million (approximately S$1.126 million) as part of the winding up of Macore Technology’s operations. Macore Technology, which carried out the provision of ED coating for hard...

Asiatic Enters Power Purchase Agreement with Tenaga Nasional Catalist-listed Asiatic Group (Holdings) Limited, through its joint venture company, Maju Intan Biomass Energy Sdn Bhd (MJE), has entered into a renewable energy power purchase agreement (REPPA) with Malaysia’s Tenaga Nasional Bhd (TNB). The agreement permits the selling of electricity to TNB, which is generated from MJE’s...

Heatec Jietong Clinches New Orders Worth S$2.52 million Catalist-listed Heatec Jietong Holdings Limited bagged three new orders, through its wholly-owned subsidiary Heatec Jietong Pte Ltd and 72.5-per cent owned subsidiary, Heatec Chariot Envirobotics Pte Ltd. The three contracts are worth about S$2.52 million. A contract is for the company to engage in the installation and...

ES Group Secures First Direct Offshore Order Catalist-listed ES Group (Holdings) Limited, a marine and offshore group involved in building, converting and repairing of ocean-going vessels, has secured its first direct order from an international offshore engineering and construction contractor and vessel owner, Acergy. The order will be executed by the Group’s wholly-owned unit, Eng...

Silverlake Axis FY2010 Profit Drops 22 Per cent Silverlake Axis Ltd (SAL), a leading provider of core software solutions for the banking and financial services industry, booked RM63.2 million (about S$27.2 million) in net profit for FY2010, down 22 per cent from RM81.0 million in FY2009. The Group said this was due to the doubling...

Natural Cool Climbs Back to Profitability in 1HFY2010 Natural Cool Holdings Limited, a leading provider of integrated climate management and switchgear solutions, climbed back to profitability as net income reached S$0.13 million for the first half ending 30 June 2010, on the back of a tightened lid on the Group’s expenses. Last year, the Group...