Strong Interest in Keppel DC REIT IPO
Keppel DC REIT Management Pte. Ltd., a wholly-owned subsidiary of Keppel Telecommunications & Transportation Ltd has received overwhelming demand from institutional and retail investors for its initial public offering of 261,138,000 Units. The Offering comprised an international placement of 207,375,000 Units1 to investors, including institutional and other investors in Singapore (the "Placement Tranche"), and an offering of 53,763,000 Units to the public in Singapore (the "Public Offer"). Due to strong demand from institutional investors during the book-building process…
Rexonic Secures $10m NOC Contract
Rex International Holding Limited, one of the largest companies listed on the Catalist of the Singapore Exchange Securities Trading Limited, is pleased to share that a 100 percent subsidiary of Rexonic AG, in which the company holds an indirect 66.7 percent stake, has secured a first and ground-breaking contract with a reputed and large National Oil Company (NOC). The contract is expected to start in end 2014 and the contractual value is approximately $10 million if fully executed over the next 24 months. Rexonic will provide its unique environment-friendly, ultrasonic well stimulation technology on selected wells owned by the NOC.
EOC Takes Full Ownership of OSVs
On 26 August 2014, EOC Limited agreed to acquire 50% of the entire issued share capital of Lewek Antares Shipping Pte. Ltd. (the "Target") , a company incorporated under the laws of Singapore, from Konquest Marine Pte Ltd ("KMPL"). Completion of the Acquisition shall take place on or around 28 August 2014. Prior to the Acquisition, the Target was jointly owned by KMPL and Ezra Holdings Limited ("Ezra"), the largest shareholder of the Company, in a 50-50 proportion. Upon completion of the Acquisition and post completion of the Proposed Business Combination (as referenced in the stock exchange release by the Company on 10 July 2014…
Rex IH Gives Norway Drilling, License Updates
Rex International Holding Limited, one of the largest companies listed on the Catalist of the Singapore Exchange Securities Trading Limited, shared its latest developments in its Norway portfolio, held through its 65 percent owned indirect subsidiary, Lime Petroleum Norway AS and investee company, North Energy ASA. Måns Lidgren, Chief Executive Officer of Rex International Holding, said, “Besides growing our portfolio through farm-ins, participation in government award of licenses and investment holdings in other exploration and production companies, we also recognize the importance of having an active drilling plan.
Nam Cheong Clinches 2 Accommodation Work Barge Contract
Nam Cheong Limited a leading global offshore marine player listed on the Main Board of the Singapore Exchange Securities Trading Limited and Malaysia’s largest Offshore Support Vessel builder, today announced that it has sold two Accommodation Work Barges (“AWB”) worth approximately US$84 million (approximately S$105 million) with the option to purchase another two vessels, to a repeat customer, Bursa-listed Perdana Petroleum Berhad (“Perdana”). In July last year, Nam Cheong sold one AWB of a smaller size, to Perdana…
