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Posts Tagged ‘Hiap’

Hiap Seng Engineering wins 3-year integrated plot contract by Singapore Refining Company

Hiap Seng Engineering, the specialist engineering group for the oil and gas, petrochemical and pharmaceutical industries, says it has clinched a three-year term integrated plot contract by Singapore Refining Company for plant maintenance works on Jurong Island on a cost-plus/unit rate basis.

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Hiap Hoe appoints Wyndham Group to operate hotels at Zhongshan Park in Balestier

Niche property developer Hiap Hoe, and owner and manager of leisure and commercial properties SuperBowl Holdings, have through their 50-50 joint venture company, HH Properties, appointed Wyndham Hotel Management, Inc., to operate the two hotels located on the JV’s Balestier site. Wyndham Hotel Management is part of the Wyndham Hotel Group, which is the world’s largest hotel company with more than 7,000 hotels and 11 brands.

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Yeo Hiap Seng (Malaysia) unit says Red Bull sales and distribution deal teminated

Yeo Hiap Seng (Malaysia) Berhad says wholly-owned subsidiary Yeo Hiap Seng Trading Sdn Bhd will terminate its sales and distribution agreement with Allswell Trading for Red Bull products in Malaysia from April 1.

Yeo Hiap Seng Bhd unit in talks with Red Bull franchise holder Allswell after receiving …

Yeo Hiap Seng (Malaysia) Berhad says wholly-owned subsidiary Yeo Hiap Seng Trading Sdn Bhd has received a termination notice from Allswell Trading, the franchise holder of the energy drink Red Bull in Malaysia, for the sales and distribution of the beverage in Malaysia. Yeo Hiap Seng’s management says it is currently discussing the matter with Allswell.

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Dec 3: Noble, Olam, ComfortDelgro, Hiap Tong, Parkway

The following companies may have unusual price changes in trading today, say Thomson Reuters and Bloomberg. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index gained 0.9% to 2,796.34.

The Nasdaq rose last night as strong online holiday sales boosted shares of retailers, including Amazon.com (AMZN.O), and relieved some concerns about the consumer.

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Hiap Seng Engineering posts 279% surge in 1H net to $15.5m

Hiap Seng Engineering, the specialist integrated engineering group for the oil-and-gas, petrochemical and pharmaceutical industries, today reported a 279.3% surge in net profit attributable to equity holders to $15.5 million for the first half ended September 30, 2009 (1HFY2010), from $4.1 million in 1HFY2009.

This was achieved on the back of a 24.4% growth in revenue to $126.6 million from $101.7 million over the same corresponding period.

Quarter-to-quarter, Hiap Seng recorded a 34.5% increase in revenue to $70 million in 2QFY2010 as compared to $52 million in 2QFY2009 as a result of a higher percentage of completion in a number of projects, as well as savings from continued efforts in cost controls and improved productivity during the period under review.