Yangzijiang Establishes JV with Qatar Investment Corp Yangzijiang Shipbuilding (Holdings) Limited Monday announced that it has entered into a joint venture agreement with Qatar Investment Corporation to set up two companies. The group said it will invest US$150.0 million in one of the companies, YZJ Offshore Engineering Co Ltd (YOECCL), representing a 60-per cent stake...

Proserpine Creditors Approve Sale of Sugar Mill to Wilmar’s Sucrogen Sucrogen, the Australian-based sugar subsidiary of Wilmar International Limited, has become the new owner of Proserpine Sugar Mill after a majority of Proserpine creditors voted on Friday to approve Sucrogen’s purchase of the mill. Sucrogen CEO Ian Glasson said the creditors’ vote was a great...

Rotary Engineering Signs MOU to Build Deepwater Storage Terminal in Malaysia Rotary Engineering Limited Thursday announced that it has signed a Memorandum of Understanding (MOU) with Malaysian firm Benalec Holdings Berhad to develop an independent deepwater storage terminal for oil products at Tanjung Piai in Johor, Malaysia. The proposed terminal will be a petroleum storage...

Hu An Cable Clinches RMB154.9 million Worth of New Contracts from State Grid Corporation of China China-based wire and cable manufacturer Hu An Cable Holdings Limited Wednesday announced that it has secured new contracts worth RMB154.9 million (S$31.3 million) from Jiangsu Electric Power Company (JSEP), a subsidiary of State Grid Corporation of China ‒ the...

Sunpower Secures US$6.8-million Middle East Deal with CTCI Corporation Sunpower Group Limited, a China-based heat transfer technology specialist, Tuesday announced that its wholly-owned subsidiary, Jiangsu Sunpower Technology Co Ltd, has signed a US$6.8-million (S$8.4-million) contract with CTCI Corporation, the largest engineering, procurement and construction company in Taiwan. Under the contract, Sunpower Technology will supply high-end...

UE E&C Bags Two Contracts Worth S$183 million UE E&C Limited Monday announced it has been awarded two contracts worth S$183.0 million. The group’s unit, Greatearth Construction Pte Ltd, clinched an S$89.0-million design and build contract from HUGE Development Pte Ltd. HUGE is a joint venture company owned by UE E&C’s wholly-owned subsidiary, Maxdin Pte...

Grand Banks Placed Under SGX Watchlist Grand Banks Yachts Limited on Friday announced that it has been notified by SGX that it will be placed under watchlist with effect from 5 December 2011. Under Rule 1314 of the SGX listing manual, the company may apply to be removed from the watchlist if it satisfies any...

CCM Unit Clinches S$5.9-million Contract CCM Group Limited on Thursday announced that its wholly-owned subsidiary, CCM Industrial Pte Ltd, has secured a S$5.9-million contract for a temple at Philip Street. Under the contract, CCM Industrial will act as the main contractor for the proposed restoration and addition works to Yueh Hai Ching Temple. Work commenced...

STX OSV Clinches Shipbuilding Deal for NOK1.2 billion Shipbuilder STX OSV Holdings Limited Wednesday announced that it has secured a new contract for the construction of a research vessel for the Norwegian Defence Logistics Organisation. The contract is worth NOK1.2 billion (S$264.8 million). The vessel’s delivery is scheduled on the fourth quarter of 2014. STX...

SIA Engineering Secures Six-year Contract from Airbus SIA Engineering Company Limited (SIAEC) Tuesday announced that it has signed a six-year Tailored Support Package (TSP) contract with Airbus S.A.S to maintain Singapore Airlines’ (SIA) additional fleet of 15 A330-300 aircraft being acquired from Airbus. Under the contract, SIAEC will provide a wide range of maintenance, repair...

Great Eastern to Put S$500 million in New China Life IPO Great Eastern Holdings Limited (GEH) Monday announced that it will invest S$500.0 million in New China Life Insurance Company (NCI) through NCI’s proposed public offering in Hong Kong. The offer price has not been fixed. GEH said the investment will increase its representation in...

FirstLink to Delist from SGX on November 30, Shareholders Say No to Voluntary Liquidation FirstLink Investments Corporation Limited on Friday announced that it will be delisted from SGX on 30 November 2011. The company said it will make necessary arrangements for the return of share certificates to all shareholders and warrant certificates to all holders...