Mainboard-listed Rotary Engineering has secured a $14.6 million Engineering, Procurement and Construction (EPC) contract to add new facilities to an existing plant on Jurong Island for chemicals company Stepan Asia Pte Ltd.
Posts Tagged ‘Jurong’
Rotary wins $14.6m EPC deal to build new plant and upgrade existing facilities on Jurong Island
January 19th, 2011 |
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Jurong Aromatics $2.1b financing closes oversubscribed: Update
November 30th, 2010 |
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Jurong Aromatics Corporation’s (JAC) US$1.56 billion ($2.1 billion) financing deal to build its Singapore petrochemicals plant has closed oversubscribed with 11 banks committing to the syndicated portion, banking sources said on Tuesday.
Jurong Aromatics $2.1b financing closes oversubscribed
November 30th, 2010 |
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Jurong Aromatics Corporation’s (JAC) US$1.56 billion ($2.1 billion) financing deal to build its Singapore plant has closed oversubscribed with 11 banks committing to the syndication, banking sources said on Tuesday.
Singapore Press Holdings – Corporate moves
October 28th, 2010 |
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Chong Siak Ching has been appointed independent director wef Oct 22
Work experience: Deputy CEO, Jurong Town Corp; assistant CEO, Jurong Town Corp
Bankers launch $2.08b Jurong Aromatics financing: Update
September 14th, 2010 |
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Joint coordinating banks ING (ING.AS) and Royal Bank of Scotland (RBS.L) launched on Tuesday the much delayed US$1.56 billion ($2.08 billion) debt package for Jurong Aromatics Corp’s (JAC) Singapore plant, the company and its bankers said.
The deal is set to be the biggest U.S. dollar financing in Singapore this year, bankers involved in the funding said.
ING, RBS market $2.08b Jurong loan financing: Update
September 14th, 2010 |
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ING Groep NV and Royal Bank of Scotland Group Plc approached lenders for loans totaling US$1.56 billion ($2.08 billion) to help fund construction of Singapore’s Jurong Aromatics petrochemicals project, according to ING.
“The timing seems perfect now with almost no other deals of this size or quality expected in the market this year,” Bruce Macfarlane, head of the advisory team at joint coordinating bank ING, said in an e-mailed statement today.
ING, RBS launch US$1.56b Jurong Aromatics debt financing
September 14th, 2010 |
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ING Groep NV and Royal Bank of Scotland Group Plc starting marketing $1.56 billion ($2.08 billion) of debt financing to lenders for Singapore’s Jurong Aromatics project, according to an e-mailed statement.
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Jurong Aromatics on track to finalise financing in Q4
August 30th, 2010 |
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Jurong Aromatics Corporation (JAC) plans to finalise its delayed US$1.5 billion ($2.03 billion)debt financing for its Singapore plant by early December, and expects the support of two South Korean government export agencies, sources familiar with the deal said on Monday.
“We are on schedule to complete the financing by late November or early December,” said a source from one of JAC’s shareholders.
OKP wins $1.1m contract for Jurong Island reclamation works
August 30th, 2010 |
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OKP Holdings, the infrastructure and civil engineering firm, today announced that it has won a $1.1 million contract for land reclamation works on Jurong Island.
OKP says the contract was awarded to its wholly-owned subsidiary, Or Kim Peow Contractors. Work on the foreshore reclamation project has already begun and is expected to be completed by the end of this year.
Sembcorp invests $800m to build multi-utilities facility in western Jurong Island
August 25th, 2010 |
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Sembcorp Industries, the energy, water and marine group operating in 17 countries, says it signed a 20-year long-term utilities services agreement with Jurong Aromatics Corporation (JAC) for the supply of steam and other water and wastewater treatment services to JAC’s upcoming aromatics complex located in the west of Singapore’s Jurong Island petrochemical cluster.
Soilbuild to divest Penjuru Logistics Hub for $60m
August 18th, 2010 |
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Integrated property developer Soilbuild Group Holdings has signed a put and call option agreement to divest Penjuru Logistics Hub, a purpose-built logistics warehouse located near Jurong Island and Jurong Port, for $60 million.
The group says it expects to recognise a gain of $16.3 million from the divestment, net of estimated expenses in connection with the sale. Soilbuild had previously recognised a fair value gain of $5.2 million upon revaluation of the warehouse property located at 34 Penjuru Lane following its completion.
Sembcorp to develop $40m wastewater treatment facility on Jurong Island
June 29th, 2010 |
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Sembcorp Industries says its utilities business has secured its first wastewater treatment customer in the new Tembusu district of Singapore’s Jurong Island petrochemical cluster.
Sembcorp will provide industrial wastewater treatment services to German specialty chemicals company Lanxess’ butyl rubber facility from a new integrated industrial wastewater treatment plant to be located in Tembusu.
Capitaland units unveil JCube shopping mall in Jurong Lake District
May 21st, 2010 |
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JCube, Singapore’s newest retail landmark, will grace the Jurong Lake District, serving residents living in the western region of Singapore, says Capitaland.
The new mall, owned by CapitaMall Trust (CMT) and will be managed by CapitaMalls Asia, will stand on the site of the former Jurong Entertainment Centre (JEC).
SGX reprimands Jurong Cement for making false and misleading statements
March 24th, 2010 |
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The Singapore Exchange has reprimanded Jurong Cement (JCL) for making false and misleading statements which relate to the reasons for the resignations of the directors, who are nominees of YTL Cement Berhad, from the board of JCL. The directors on the board at the time of the announcements were Paul Hugentobler, Gerard Letellier, Francis Xavier and Tay Joo Soon.
Wee Hur unit bags $104m contract to redevelop Jurong Entertainment Centre
March 23rd, 2010 |
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Wee Hur Holdings’ wholly-owned subsidiary, Wee Hur Construction, has secured a $103.6 million contract to redevelop Jurong Entertainment Centre at 2 Jurong East Street 13 which is managed by CapitaMall Trust.
Dayen wins $6.6m contract to build industrial water pumping station at Jurong Water Reclamation …
March 18th, 2010 |
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Catalist-listed Dayen Environmental has been awarded a $6.55 million contract by The Public Utilities Board of Singapore (PUB) to undertake the engineering, procurement and construction (EPC) works to construct a pumping station with a capacity of 68,000 cubic metres per day (equivalent to 15 million gallons per day) within Jurong Water Reclamation Plant to deliver additional industrial water to Jurong Island.
Sembcorp Marine unit snags $130m pre-FPSO conversion contract from Petrobras
March 11th, 2010 |
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Jurong Shipyard, the wholly-owned subsidiary of Sembcorp Marine, has secured a $130 million contract to carry out pre-conversion works on the Very Large Crude Carrier (VLCC), the MT Suva, to be renamed FPSO P62 for Petrobras Netherlands B.V.
Weekend Comment Jan 7: Jurong Point plays
GUTHRIE GTS and Lee Kim Tah Holdings are two retail mall plays which are trading below their net asset values. At 50 cents, Guthrie is trading below its NAV of 66 cents, at a price-to-book ratio of 0.75 times. Lee Kim Tah’s book value is 62.7 cents, and it is trading at a price-to-book of 0.9 times. The two companies own a 50% stake each in Jurong Point I, and a 25% stake each in Jurong Point II.
In a research note on Jan 7, Kim Eng Research raises the possibility of Guthrie GTS unlocking value of Jurong Point via a REIT. Following the completion of Jurong Point II, Jurong Point I and II together is Singapore’s largest suburban mall with a nett lettable space of about 750,000 sq ft, housing 450 shop units and adjacent to Boon Lay MRT station and a bus interchange.
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