Company highlight

Wilmar International Limited
announced establishment of subsidiaries and associated company:

1. Wilmar Switzerland SARL (Swiss Subsidiary), a direct 100% owned subsidiary of Wilmar Europe Holdings B.V., which is in turn, a direct whollyowned Wilmar subsidiary. WSS has an initial issued and paidup capital of CHF20,000. The principal activity of WSS is holding partnership interest.

2. Wilmar Ghana Properties Limited (Ghana Subsidiary), a direct 100% owned subsidiary of Wilmar Europe Holdings B.V., which is in turn, a direct wholly-owned Wilmar subsidiary. WGPL has an issued and paid-up capital of GHS882,000. The principal activity of WGPL is property development and investment.

3. Wilmar PZ International Pte. Ltd. (Singapore Associated Company), a direct 50% associated company of KOG Investments Pte Ltd, which is in turn, a direct wholly-owned subsidiary of the Company. WPZI has an initial issued and paid-up capital of
US$2. The principal activity of WPZI is intellectual property management. Acquisition of new subsidiary:

4. PT Bangun Inti Kencana (Indonesian Subsidiary), an indirect 95% owned subsidiary of Wilmar acquired by way of purchase of a total of 9,500 ordinary shares by Tradesound Investments Limited, a direct whollyowned subsidiary of Wilmar, from four independent shareholders. The acquisition of the 9,500 ordinary shares (representing 95% of issued and paid up capital of PT BIK) was made on a willingbuyer, willing-seller basis. The principal activities of PT BIK are that of processing, refining and sale of coconut oil, copra and related vegetable oils. (Closing Price: S$4.790, -0.622%)


CapitaLand Limited
announced an increase of more than 1% in its deemed interest in Ascott Residence Trust (“Ascott Reit”) from 48.49% (comprising 544,639,785 units) previously reported on 31 March 2011 to 49.02% (comprising 556,231,110 units) as of 4 May 2012 (the “Increase”). The Increase arose from the issue of a total of 11,591,325 new units of Ascott Reit to Ascott Residence Trust Management Limited, the manager of Ascott Reit (“ARTML”) at a total consideration of approximately S$12.8 million in payment for management fees for the quarters from 1 January 2011 to 31 March 2012. ARTML is a whollyowned subsidiary of CapitaLand who is therefore deemed to have an interest in the units of Ascott Reit held by ARTML. (Closing Price: S$2.730, -1.799%)


Sembcorp Industries Ltd
 announced that Sembcorp Development, a wholly-owned subsidiary of Sembcorp Industries, has through its joint venture company, Singapore-Sichuan Investment Holdings (SSIH), entered into a joint venture agreement with its Chinese partner, the Chengdu Hi-tech Investment Group Co (CHIG). Under the terms of the agreement, SSIH and CHIG will incorporate a joint venture company, Sino-Singapore (Chengdu) Innovation Park Development Co, in China with a combined investment of RMB1.86 billion in equity capital for a 50% stake each. Sembcorp holds a 50% share in SSIH.The agreement signifies the development of the Singapore-Sichuan Hi-tech Innovation Park (HTIP). A groundbreaking ceremony was held today witnessed by Mr Lim Swee Say, Singapore Minister, Prime Minister’s Office and Singapore Advisor to the Singapore-Sichuan Trade and Investment Committee (SSTIC); Mr Liu Qibao, Sichuan Party Secretary; Mr Jiang Jufeng, Sichuan Governor and Sichuan Advisor to the SSTIC; Mr Huang Xinchu, Chengdu Party Secretary and Mr Ge Honglin, Chengdu Mayor. (Closing Price: S$4.910, +0.204%)


Oxley Holdings Limited
announced that the Company has incorporated a wholly-owned subsidiary in Singapore, namely Oxley Changi Pte. Ltd. (the “Subsidiary”), with an initial issued and paid-up share capital of S$1. It is intended that the Subsidiary will undertake new property development projects in line with the Group’s expansion plans. The aforementioned investment in the Subsidiary was funded by internal resources and is not expected to have any material impact on the net tangible assets per share or earnings per share of the Company for the current financial year ending 30 June 2012. (Closing Price: S$0.360, -4.000%)