Latest stock news

Zhongguo Pengjie Fabrics Limited reported results for half year ended 30 June 2008. Group revenue increased by RMB 17.7 million or 7.9%, from RMB 224.0 million in 1H2007 to RMB 241.7 million in 1H2008. Gross profit increased by RMB 7.5 million or 17.3% from RMB 43.3 million in 1H2007 to RMB 50.8 million in 1H2008. The increase in gross profit was in line with the increase in revenue. profit before tax increased by RMB 9.4 million or 28.5%, from RMB 32.9 million in 1H2007 to RMB 42.2 million in 1H2008. Net profit increase 21.5% from RMB 29.1 million to RMB 35.4 million.

Showy International Limited announced the proposed acquisition of the entire issued share capital of Fortune Court Holdings Limited (“Fortune Court”) and the issue and allotment of the Consideration Shares to the Vendors as consideration for the acquisition, resulting in the reverse takeover of Showy, that was announced on 7 July 2008. Through Fortune Court, Showy will own approximately 94.0 per cent of the paid-up registered capital of a leading Chongqing property developer, Chongqing Yingli Real Estate Development Co., Ltd.

First Ship Lease Trust announced it has filed a registration statement with the United States Securities and Exchange Commission (“SEC”) for the establishment of a Level 1 American Depository Receipt (“ADR”) program. If the registration statement is declared effective, FSL Trust intends to seek quotation of the ADRs on the PrimeQX Tier of International OTCQX.

MacarthurCook Industrial REIT announced that the Manager has obtained new independent 􀂃 Valuations for seven of MI-REIT’s properties as of 1 September 2008. The revaluations have resulted in a carrying amount of S$554.1 million for MI-REIT’s portfolio, up from the book value of S$553.6 million reported on 30 June 2008.

KARIN Technology Holdings Limited announced the signing of an authorized distributor agreement by Compucon Computers Limited (a wholly owned subsidiary of KARIN) (“Compucon”) with Lexmark International (China) Limited.

Asiatravel.com Holdings Limited announced the partnership with Singapore Tourism Board (STB) to promote the Uniquely Singapore Weekends 2+1 Bonus Campaign hotel package. The objective of the campaign is to enhance Singapore as the top-of-mind and value-for-money weekend destination for visitors in the region that need a quick weekend getaway. 􀂃 Anwell Technologies Limited announced that a group of Singapore investors have invested S$10 million in Anwell’s Solar Business. The Group’s wholly-owned subsidiary, China Bright Int’l Enterprises Ltd (“China Bright”) will issue 3-year interest bearing redeemable notes to these investors. As the notes are not issued by the holding company, there will be no dilution effect to the listed shares of the Group.

Rickmers Maritime announced it has accepted delivery of its 12th vessel, MOL Dedication. The newly built vessel is the second of 13 additional vessels that Rickmers Maritime had entered into an agreement to acquire in March 2008. These two vessels compliment the initial contracted fleet of 10 containerships.

Swiber Holdings Limited announced that CUEL Limited, one of the region’s foremost offshore EPCIC fabrication contractors, has formally awarded Swiber a contract to provide offshore installation services in the Gulf of Thailand.