Pacific Healthcare Holdings says unit Pacific Healthcare (Indonesia) has entered into a joint venture agreement with PT Plaza Medical Nusantara to set up PT Pacific Healthcare Services Indonesia to operate and manage an integrated medical specialist and dentistry centre (including laboratory, pharmacy, and diagnostic, imaging and day surgery facilities) in downtown Jakarta to be known as Pacific Healthcare @ The Plaza.
Cosco Corporation (Singapore) says Cosco (Guangdong) Shipyard Co. has delivered a 57,000 dwt bulk carrier Marine King to its Asian buyer. The bulk carrier measures 189.99 meters in length, 32.26 meters in breadth and 18.00 meters in depth.
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Iran has launched its first cyber police unit, with more planned in the near future, euronews reports. Its main role will be to patrol the web to prevent opposition groups contacting each other and organising the kinds of protests seen after the contested 2009 presidential election.
The transaction is likely to be completed this quarter, London-based Standard Chartered said in an e-mailed statement today. Ashia Razzaq, the bank’s head of investor relations for Asia, and Lisa Farrugia, a spokeswoman for GE Capital in Southeast Asia, declined to provide the financial terms. The bank paid $850 million to $900 million for the asset, Dow Jones reported, citing a person it didn’t name.
Sky China Petroleum Services says unit Sky Petroleum Technology Development (Tianjin) Co. has won a RMB 85.28 million ($16.6 million) contract to build a 8,800 dwt vessel to carry refined oil. The vessel be built by Fansun Shipbuilding Co. at Wenzhou, China, and is scheduled for delivery in the first quarter of 2012. The payment will be satisfied in cash, adds Sky China.
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Hutchison Whampoa’s sale of Chinese port assets may raise more than Singapore’s combined 31 initial public offerings last year, boosting the city’s efforts to compete as a financial centre.
Hutchison, controlled by Hong Kong billionaire Li Ka-shing, said yesterday it will sell a stake in a trust holding container ports in Hong Kong, Macau and Guangdong province, along with associated businesses and some Chinese river ports. The sale may raise US$6 billion ($7.7 billion), the IFR news service reported yesterday.
Li Ka-Shing’s Hutchison Whampoa, the world’s biggest container-terminal operator, will sell deep-water port holdings in Hong Kong and southern China, hubs of record global trade, in what may be Singapore’s largest-ever initial public offering.
The company will retain a stake of about 25% in the trust that will own terminals in Hong Kong and neighboring Guangdong province, port operations along the Pearl River and shipping-support businesses, it said in a statement today.
The company will retain a stake of about 25% in the trust that will hold deepwater container port operations in Hong Kong and Guangdong province, along with associated businesses and some Chinese river ports, it said in a statement today.
Mainboard-listed CNA Group says Mitsubishi Electric Asia Pte Ltd (MEAP), the wholly-owned Singapore subsidiary of Mitsubishi Electric Corporation (MELCO), has agreed to subscribe to 35 million new CNA shares or 14.8% or of CNA’s enlarged share capital for $6.7 million.
This works out to be 19 cents per subscription share, a 3.8% discount to the weighted average price of CNA’s shares traded on Jan 17.
Singapore Telecommunications says wholly-owned subsidiary, SingTel Innov8, has acquired a 28.57% stake in 2359 Media, for $800,006.40.
As at Nov 30, the unaudited net asset value per share of 2359 Media was $3.50.
2359 Media is a Singapore-based mobile marketing provider whose core product offering is MobDis, a HTML5-based mobile advertisement creation platform that allows marketers and designers to rapidly create, publish and share engaging mobile advertisements.
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EULEX Spokesman Hanns-Christian Klasing said on Tuesday that the mission had formed a special police unit to be in charge of northern Kosovo. Klasing told Tanjug that, although the unit had been formed in November, the recruiting of the staff was still underway.
United Overseas Bank said today its UOB Asset Management unit had been approved to set up a joint venture fund management firm in China with China Ping An Trust Co. and Sanya Yingwan Tourism Co.
The joint venture, named Ping An UOB Fund Management Co., will have a paid up capital of 300 million yuan ($59 million), in which UOB Asset will hold a 25% stake.
Ping An Trust, a unit of Ping An Insurance (Group) (2318.HK), and Sanya Yingwan will hold 64% and 11% of the remaining shares respectively.
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Adventus Holdings unit Adventus NZ says it is terminating a sale and purchase agreement signed with Medha International.
This was because less than 8 million tonnes of recoverable coal reserves were found by its geologists as agreed upon under the deal.
Adventus says it is taking steps to recover the deposit of US$1 million ($1.3 million).
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Wilmar International said a unit signed an agreement with Kerry Properties (China) and Shangri-La China to set up joint ventures to develop properties in China’s Liaoning province. The unit’s investment in the venture will be about 889.2 million yuan ($176 million), based on a maximum total investment by the venture of 2.57 billion yuan.
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ST Electronics says it has been awarded a contract to supply an Automatic Fare Collection System (AFCS) for the extension of the Bangkok Mass Transit System (BTS) Sukhumvit Line in Bangkok, Thailand.
The contract was awarded by The Krungthep Thanakom Company Limited (KT), a Bangkok Metropolitan Administration Enterprise.
ST Electronics is the electronics arm of public-listed ST Engineering.
