Hiap Seng Engineering Gets LOI for S$10.3 million EPC Contract Hiap Seng Engineering Limited on Monday announced that it has been awarded a Letter of Intent (LOI) for an EPC (engineering, procurement and construction) contract worth approximately S$10.3 million for the Tembusu wastewater treatment plant project. Under the LOI, the company will perform upfront activities...

PARD’s Net Income Flat at HK$100.8 million in 1QFY2011 Mainboard-listed Pacific Andes Resources Development Limited (PARD), a global frozen fish supplier, reported a marginal 0.4-per cent increase in net income attributable to owners at HK$100.8 million (approximately S$16.5 million) for the first quarter ending 31 December 2010 (1QFY2011) from HK$100.4 million in 1QFY2010. Group revenue...

Azeus Secures HK$69.97 million Contract from Hong Kong Government Azeus Systems Holdings Limited, a provider of IT consultancy services based in Hong Kong, Tuesday announced that it has been awarded a contract worth an estimated HK$69.97 million (approximately S$11.5 million) for application maintenance services for 53 application systems of a major department of the Hong...

SMRT’s 3QFY2011 Net Profit Grows 9.6 Per cent on Higher Revenue, Zero Impairment Charges SMRT Corporation Limited reported a 9.6-per cent year-on-year growth in net profit to S$43 million for 3QFY2011 (ending 31 December 2010) as revenue increased S$19.1 million, or 8.5 per cent, to S$243.9 million. The group attributed the jump in top line...

Ascott Enters JV to Develop Second Serviced Residence in Bangalore, India CapitaLand Limited’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has entered into a joint venture with RMZ Corp, one of India’s leading real estate developers, to develop a 203-unit serviced residence in Bangalore. Ascott will acquire a 50-per cent stake in the...

Starhill Global REIT Reports DPU of S$0.0104 in 4Q2010 YTL Starhill Global, the manager of Starhill Global Real Estate Investment Trust (REIT), on Wednesday reported that its distribution per unit for 4Q2010 (ending 31 December 2010) rose to S$0.0104 from S$0.0097 in 4Q2009. Total revenue for the same period jumped 33 per cent to S$45.6...

SIA Engineering’s 9MFY2011 Net Profit Up 21.8 Per cent to S$197.6 million SIA Engineering Company Limited recorded a profit attributable to shareholders of S$197.6 million for the nine months ending 31 December 2010 (9MFY2011), an increase of S$35.4 million or 21.8 per cent from last year. Revenue rose S$101.1 million or 13.8 per cent year-on-year...

Technics Gets First Deal in Russia worth S$1.7 million Mainboard-listed Technics Oil and Gas Limited, a full service integra- tor of compression systems and process modules for the global offshore oil and gas sector, on Monday announced that it has been awarded a S$1.7 million contract from Caspian Energy Project LLC in Russia. The deal...

Dukang Distillers Gets Approval for TDR Listing Dukang Distillers Holdings Limited on Friday announced that it has obtained the requisite approval from the Taiwan Securities and Futures Bureau (SFB) for the offering and listing of 130 million TDRs (Taiwan Depository Receipts) on the Taiwan Stock Exchange. However, the Group said that the actual offer price...

ST Aerospace Secures S$320 million of Maintenance Contracts in 4Q2010 Singapore Technologies Engineering Limited’s aerospace arm, ST Aerospace, has clinched about S$320 million worth of new mainte- nance contracts in 4Q2010. The contracts, ranging from three to 12 months, will be carried out at its facilities in the Americas, Asia-Pacific and Europe. ST Aerospace said...

PEC Bags S$78 million Utilities Project from Tuas Power Utilities PEC Limited on Wednesday announced that it was awarded a S$78 million contract from Tuas Power Utilities (TPU). Under this contract, PEC will provide engineering, procurement and construction services for a pipe rack and utilities piping reticulation system in TPU’s Tembusu Multi-utilities Complex in Jurong...

Sunmart Postpones KOSDAQ Listing Sunmart Holdings Limited on Tuesday announced it has decided to postpone its proposed dual listing on the KOSDAQ market of the Korea Exchange, after failing to reach an agreement on the subscrip- tion price of its Korean Depository Receipts (KDRs) with the under- writer, Daewoo Securities Co Ltd. Under the proposed...