Home THE DAILY EDGE Business In brief: Adventus, China Paper, Keppel Land, Jackspeed, UE, Wilmar
In brief: Adventus, China Paper, Keppel Land, Jackspeed, UE, Wilmar

Tags: Adventus Holdings | China Paper Holdings | Jackspeed Corp | Jackspeed Corporation | Keppel Land | United Engineers | Wilmar | Wilmar International

Written by The Edge   
Thursday, 03 June 2010 08:38
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Adventus Holdings’ unit Adventus Australia has received approval for the SmartCalls application icon to be listed on the Apple App Store.

China Paper Holdings has proposed a renounceable non-underwritten rights issue of up to 349,398,081 new ordinary shares of US$0.04 ($0.056) each in the capital of the company at an issue price of $0.12 for each rights share, on the basis of three rights shares for every five existing ordinary shares of US$0.04 each in the capital of the company.

Keppel Land has used S$75.8 million of the total net proceeds from the rights issue of $700.6 million to fund 25% of the consideration for the site located at Boon Lay/Lakeside Drive in Singapore.

Jackspeed Corporation says the legal action initiated by Jackspeed Leather Special Manufacturer (M) Sdn Bhd against a number of its former employees has been withdrawn on 26 April following an out of court settlement. The company says there would be no financial impact on Jackspeed Malaysia and the group for financial year ending 28 February 2011.

United Engineers says wholly-owned subsidiary, McAlister and Company, has acquired the remaining 25% stake in MPL Pte Ltd from its joint venture partner Michael Chan Kung Yee at a nominal sum of $1. MPL has been established for the purpose of providing turnkey engineering and integrated solutions for the broadcast and telecommunication industries.

Wilmar International says it has issued and allotted 322,500 ordinary shares at $2.45 per share, 25,000 ordinary shares at $2.63 per share and 100,000 ordinary shares at $4.50 per share in the capital of the company, under the exercise of options granted under the Wilmar Executives’ Share Option Scheme 2000 and Wilmar Executives Share Option Scheme 2009.

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Last Updated on Thursday, 03 June 2010 08:40