Zhongmin Baihui Retail Group says all 30 million new shares were placed out at 30 cents each at its IPO. This represents 15.3% of Zhongmin Baihui’s enlarged issued share capital post-IPO.
The company owns and operates one of the largest underground shopping malls in Xiamen, Fujian province. The company also manages six other department stores in Quanzhou and Zhangzhou cities in the same province.
Halcyon Offshore, the Singapore-headquartered integrated engineering and construction services provider for the offshore oil & gas industry, has completed its acquisition of Cables International (CI) from SGX-listed King Wan Corporation and CI’s management for $30 million.
CI is now Halcyon Offshore’s fourth business unit of Offshore Electrical & Controls’ (OEC), which will supply and distribute specialty cables to the offshore, marine and mining sectors. Leading OEC are the previous management shareholders of CI – CEO and founder Peter Ong, executive director and founder Brian Sweeney and managing director of Malaysia operations Redzwan Gunasegar.
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Catalist-listed Viking Offshore and Marine says it plans to buy controlling stakes in two companies for a combined $29.8 million to bolster its suite of specialised offshore and marine (O&M) business.
Viking will pay $22.3 million for the entire share capital in Promoter Hydraulics Distributor, Singapore’s largest wholesaler of winches, power packs and marine decking equipment.
Halycon Offshore, the Singapore-headquartered integrated engineering and construction services provider for the offshore oil & gas industry, says it has signed a sales and purchase agreement to acquire the entire issued and paid-up capital of Cables International and its subsidiaries from SGX-listed King Wan Corporation and Cables International’s management for $30 million.
The consideration will be a combination of cash and shares in Halcyon Energy Corporation (HEC), the holding company of Halcyon Offshore.
Mainboard-listed China Taisan Technology Group Holdings, the manufacturer of knitted fabrics used for sports and casual apparel, has entered into an agreement to issue 30 million new shares to Atlantis Investment Management, a boutique asset management firm based in London. The shares will be placed out at 19.5 cents per share, or a discount of 8.6% to the weighted average price of 21.33 cents of the company’s ordinary shares for trades done on 30 April 2010.
IBM opens a 56,000-square-foot facility in New York where new Power and System z mainframe systems will be manufactured, with the first products rolling out later this year. The building also has a number of power-saving features that are similar to ones used in data centers.
– IBM has opened a $30 million
manufacturing facility in New York
that will produce the next generation of high-end
Power and System z mainframe systems.
The Poughkeepsie, N.Y.,
facility, which opened April 13, also will feature an energy-efficient design.
The 56,000-square-foot building, housed…
CWT says wholly-owned subsidiary, Indeco Engineers, has secured a contract with the Singapore Armed Forces to maintain military vehicles and equipment. The six-year contract for the maintenance services is estimated to be worth more than $30 million.
The contract requires proactive engineering, maintenance and management services such as maintenance scheduling, servicing and repair for a fleet of military trucks. The contract is effective from Jan 20.
Liverpool have reached an agreement to sell midfielder Xabi Alonso to Real Madrid, subject to a medical.
The fee for the Spanish international is reported to be in the region of £30m but Liverpool said the terms of the deal would remain confidential.
The 27-year-old joined Liverpool from Real Sociedad in August 2004.
More to follow.
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