Noble Group Limited wishes to announce that the Company has on July 14 2014 agreed to make a capital investment of US$150 million in exchange for a total of 15,000,000 Series A preferred units of Harbour Energy, L.P. These units will comprise 75% of the total issued capital upon completion of the Capital Investment. The remaining 25% of the total issued capital will be held by Harbour Energy Investments, L.P., an affiliate of EIG Global Energy Partners, LLC, who has agreed to make a contribution of US$50 million to the Habour Energy in exchange for the common units. The capital investment is in connection with a joint venture between Noble and EIG to acquire a portfolio of upstream, midstream and energy-related infrastructure assets. (Closing Price: S$1.375, -0.362%)
Viking Offshore & Marine Limited said today that it has secured a 50-month bareboat charter for a land rig system worth approximately US$32 million. Under the contract, SGX-listed Viking’s wholly owned subsidiary Viking Asset Management Pte Ltd will acquire from and leaseback the newbuild 1,500 horsepower train-type land rig and related drilling equipment system to a Chinese land rig specialist from September 2014. (Closing Price: S$0.127, +1.6%)
Vard Holdings Limited is pleased to announce that it has secured a contract for the design and construction of one Platform Supply Vessel for E.R. Offshore. The vessel is a multifunctional PSV of VARD 1 08 design with a total length of 81 meters, beam of 18 meters and a cargo deck area of 830 m2. The vessel will be prepared for standby, rescue, firefighting and oil recovery operations. Delivery is scheduled from Vard Vung Tau in Vietnam in 2Q 2016. (Closing Price: S$1.06, -1.852%)
OCBC Bank wishes to inform shareholders that, pursuant to settlement of acceptances which
have been tendered in respect of the Share Offer on or prior to 4 July 2014, OCBC has today acquired more than 50 per cent. Of the entire issued share capital of WHB. Accordingly, WHB has become a subsidiary of OCBC. (Closing Price: S$9.56, +0.844%)
CapitaLand Group clinched the top three Best Annual Report awards in the REITs & Business Trusts category at the Singapore Corporate Awards 2014. CapitaLand’s real estate investment trusts (REITs) - CapitaCommercial Trust, Ascott Residence Trust and CapitaRetail China Trust - were accorded the gold, silver and bronze awards, respectively. Aside from the Best Annual Report award, CCT also scored gold with the Best Investor Relations award. (Closing Price: S$3.25, +0.309%)
Midas Holdings Limited today announced that its subsidiary, Jilin Midas Aluminium Industries Co., Ltd has won RMB52.2 million in orders from CNR Changchun Railway Vehicles Co., Ltd The first contract, worth approximately RMB25.5 million, will see Jilin Midas supply aluminium alloy extrusion profiles used in the manufacture of metro train cars for Nanchang Metro Line 1. This contract is slated for delivery in the second half of 2014. The second contract is worth RMB26.7 million and is for the supply of aluminium alloy extrusion profiles used in the manufacture of metro train cars for Wuhan Metro Line 3. This contract is slated for delivery between 2014 and 2015. With these latest orders, the total value of contracts Midas has secured in the year-to-date is now valued at over RMB589 million. (Closing Price: S$0.44, 0%)
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