24 December 2012

Singapore Stock Market Daily Update - 24 December 2012

Singapore stock market is half day trading today until 12:30pm.


Sound Global Ltd. announced that Sound Global won the bid for Shuanggui Sewage Treatment Plant (BOT) Infrastructure Project in Chongqing City, the PRC. The project will be invested and built by Sound Global, with designed sewage treatment capacity of phase I of the project at 15,000 m3/day and phase II at 30,000 m3/day. The Chongqing Liangping Shuanggui Sewage Treatment Plant will be invested, built, operated and transferred as a BOT project, phase I of the project requires a total investment of approximately RMB50 million. The sewage treatment tariff will be RMB1.89/m3 and the licensed operating term is 22 years. The construction of the project will play an important role in preserving the water quality, ecological environment and water source of the reservoir area in the Three Gorges. It is expected to contribute significantly to Chongqing’s building of an experimental reform zone for balanced urban-rural development, as well as in supporting the energy-saving and sustainable development of Chongqing City.

Enviro-Hub Holdings - The company announced that the issue and allotment of 9,392,220 shares in the capital of the Company at the price of S$0.10 each, pursuant to the conversion of 9,392,220 Warrants on 21 December 2012. The new issued shares rank pari passu in all respects with the existing shares of the Company. The total number of issued and paid-up shares in the capital of the Company has increased from 948,106,503 ordinary shares to 957,498,723 ordinary shares. The outstanding Warrants after the conversion is 124,780,993.

Cosco - The company announced that four shipbuilding contracts signed by COSCO (Zhoushan) Shipyard Co., Ltd (“Cosco Zhoushan”) (a wholly-owned subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co., Ltd) with a Hong Kong ship owner for the construction of four UT771CDL Platform Supply Vessels (PSVs) have been made effective on 21 December 2012 at a value of approximately US$119.2 million in total. Delivery of the above four vessels are expected to commence from first half of 2014.

Ezion - The company announced that the Company has on 20 December 2012 completed the subscription of the Subscription Shares and the Options of YHM and will make a mandatory general offer in respect of all the shares in the capital of  YHM and the Options, other than those already owned, controlled or agreed to be acquired by the Company and its concert parties.

Merry Christmas and Happy New Year!


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