12 December 2012

Singapore Stock Market Daily News - 12 December 2012

12 December 2012

#Petra Foods Ltd announced the disposal of its cocoa ingredients business to Barry Callebaut AG for US$950 million.

#SIA - Delta Air Lines Inc announced that it was purchasing Singapore Airlines Ltd's 49 per cent stake in Virgin Atlantic for US$360 million, ending the Asian airline's 12-year investment in the British carrier.
# ThaiBev, FNN,  - A Thai billionaire has been given another three weeks to propose an improved bid for Fraser and Neave (F&N) after an Indonesian rival offered $10.7 billion or $9.08 a share for the Singapore conglomerate. In a media statement, TCC Assets mentioned the closing date for the F&N offer had been extended to January 2 from December 11.

# China Mining - The company announced that the special resolution on the Proposed Capital Reorganization as set out in the Notice of Extraordinary General Meeting dated 16 November 2012 (the “Notice”) was duly passed at the Extraordinary General Meeting held today. The company would like to emphasize that the completion of the Proposed Capital Reorganisation is  still  subject to and conditional upon the fulfillment of other conditions precedent as set out in the Notice.
# Sarin Technology - The company announced the record date for US$0.02 interim dividend is 18 December 2012. The payable date is 27 December 2012. 
# Centurion - The company had entered into share sale agreements with the Sellers to acquire the entire 100% stake in the share capital of Brave Privilege Sdn Bhd. The company will pay a total of approximately RM4.1 million (S$1.6 million) for the acquisition which comprises the purchase consideration payable to the Sellers and advances to be made to Brave Privilege.
The acquisition of Brave Privilege increases 3,000 beds to the Group’s Malaysia dormitory portfolio and adds its bed capacity  to about 20,300 beds. This acquisition continues to strengthen the Group’s leading position in the Malaysian market since it made its first entry in November 2011.

# Lion GoldLionGold has completed the acquisition of 100% of Vista Gold (Antigua) Corp for US$7 million. Vista Gold owns the  Amayapampa Gold project in Southeast Bolivia which holds 1.28 million ounces of gold resources.  Of these,  787,000 ounces are classified as reserves.  The acquisition of Bolivian assets provides LionGold with an important foothold in South America’s gold industry.


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