Mainboard-listed RH Petrogas which is engaged mainly in the business of exploration, development and production of oil and gas resources, says it has signed a sale and purchase agreement with PearlOil Holdings to acquire the entire issued share capital of PearlOil (Basin) (POB) and PearlOil (Island) (POI).
The aggregate purchase consideration for both POB and POI is US$36.7 million ($48.9 million).
Dukang Distillers Holdings, the producer and seller of baijiu formerly known as Trump Dragon Distillers Holdings, says profit attributable to owners of the company dropped 76.2% to RMB25.0 million ($4.9 million) for the financial year ended June 30, 2010 (FY2010).
Groups revenue increased 10.9% from RMB702.9 million in the previous financial year (FY2009) to RMB779.6 million in FY2010, due mainly to revenue contribution of RMB117.4 million from newly-acquired Luoyang Dukang Distillers Group from May to June 2010.
Real-estate-investment company Japan Land (JAL SP) said its third-quarter net loss attributable to shareholders was $4.9 million, compared with a $817 million profit a year earlier. The shares were suspended. They last traded on March 25 at 26.5 cents.
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Yongnam Holdings, the structural steel contractor and specialist civil engineering solutions provider, announced a record profit before tax of $48.8 million for its full year ended December 31, 2009 (FY2009) on the back of a marginal 2.7% increase in revenue to $346.8 million. Yongnam says this is the fourth straight year of record performance since FY2006.
Gross profit rose 18% to $80.4 million compared to $68.1 million in FY2008 but 4Q gross profit was dented by cost overruns and stoppages at the Dubai Metro Rail project which was substantially completed by the end of FY2009.
Progress Software announces its acquisition of Savvion, a maker of business process management software, for $49 million.
– Progress Software on Jan. 11 announced its acquisition of Savvion, a maker
of business process management software, in a deal worth $49 million.
Progress Software announced the acquisition at its Global Field Operations
Conference in Orlando, Fla.
Savvion has more than 300 customers for its stan…
