Malaysia theme park operator seeks Singapore listing to fund Shandong attraction

(Oct 10): Sim Leisure is planning a Singapore initial public offering of its Malaysian theme park business, which offers water slides, dunk tanks and tree swings at its Penang location.

A sale of new and existing shares could raise about $10 million to $12 million, said Sim Choo Kheng, the company’s founder and chief executive officer. Proceeds from the deal, which could take place by January, will be used to fund a new park in eastern China’s Shandong province, he said in an Oct 8 interview in Singapore.

Bond buyers blacklist some Chinese provinces after run of defaults

SHANGHAI (April 27): Investors are becoming more discerning when it comes to the origin of Chinese debt.

China saw its worst start to a year on record for corporate defaults, with companies headquartered in two eastern provinces -- Liaoning and Shandong -- responsible for the lion’s share. Money managers are taking notice, with a run of messy, high-profile company scandals helping sour sentiment toward certain regions. Beijing’s de-leveraging drive, which has been ramped up this month and has boosted borrowing costs, is also a factor.

China Everbright Water wins $628.6 mil water supply project contract in Shandong

SINGAPORE (March 31): China Everbright Water, the Bermuda-incorporated investment and operation company focusing on integrated environmental water services, has won a bid for a water supply project in Shandong Province, China, which commands a total investment of approximately RMB 3.1 billion ($628.6 million).

Sunpower wins $70 mil project in Liutuan Shandong

SINGAPORE (Jan 16): Sunpower Group says on Monday evening that its wholly owned subsidiary Sunpower Technology Jiangsu has been awarded a build-own-operate centralised heat transfer oil project worth RMB 338 million ($70 million).

The project was awarded by the Management Committee of the Shandong Changyi Binhai Economic Development Area Liutuan Industrial Park in Changyi City, Shandong province, China.

OPEC's crude too sour for oil-market upstart

Brent crude

SINGAPORE (Sept 7): OPEC’s biggest producers are playing second fiddle to smaller suppliers in a coveted corner of the oil market.

China Everbright Water’s new wins sign of more to come?

SINGAPORE (July 15): CIMB is maintaining its add recommendation for China Everbright Water (CEWL) with a target price of 81 cents, as the group wins a second wastewater treatment plant project in Shandong Province.

To recap, CEWL recently announced its acquisition of Ju County Shudong wastewater treatment (WWT) project in Rizhao City, Shandong Province.

China Everbright Water secures Shandong waste water treatment project

SINGAPORE (July 14): China Everbright Water has secured the Ju County Shudong Waste Water Treatment Project located in Rizhao City, Shandong Province, from Ju County Government.

China Everbright Water will construct the project on a Build-Operate-Transfer (BOT) basis, with a designed daily waste water treatment capacity of 20,000 m³ with a concession period of 30 years.

Teo Ser Luck leads delegation of 30 business leaders in Shandong

Minister of State Teo Ser Luck and Shandong Vice-Governor Xia Geng

SINGAPORE (May 18): Minister of State for Manpower, Teo Ser Luck, has led a delegation of over 30 Singapore business leaders to explore business opportunities with enterprises in China’s Shandong province.

Teo, the Singapore co-chairman of the Singapore-Shandong Business Council (SSBC), on May 17 called on Shandong vice governor Xia Geng, his Chinese counterpart in the SSBC, after hosting an Industry Roundtable Session.

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