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ETLA is still below IPO Price
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yuehai021
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20-Nov-2007 14:30
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to be surprised, today move up 3 cents, time is coming |
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yuehai021
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15-Nov-2007 11:42
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any news for this counter? so quite since listing |
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jason6833
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16-Oct-2007 14:50
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vested 20 lots still below ipo as of today |
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vlazyguy
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30-Aug-2007 11:02
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vlazyguy
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14-Aug-2007 11:40
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Some Relevant NewsSINGAPORE CONTRACT MANUFACTURERS TARGET HIGH-END MEDICAL DEVICE MARKET IN THE US SMa and IE Singapore lead ten Singapore-based companies to form the Singapore Pavilion at Medical Design & Manufacturing East Exposition and Conference 2006 in New York from 6 ? 8 June. http://www.smafederation.org.sg/LinkClick.aspx?fileticket=fRy0dEspQcQ=&tabid=82 3) Eng Tic Lee Achieve Pte Ltd The newly merged Singapore based company, Eng Tic Lee Achieve (ETLA) has grown rapidly to become a full contract equipment manufacturer for pharmaceutical and medical, semiconductor, and data storage industries. ETLA has been in the business for more than twenty years which we have honed our craft to manufacturing excellence. Combining this wealth of experience with the highest levels of technological expertise and a clear understanding of the industries our customers operate and compete in, we are able to deliver high end fabrication and integrated engineering solutions that our customers have come to appreciate and rely on. ETLA endeavours to deliver a full outsourcing faculty for engineering solutions. In doing so, we combine our expertise in metal fabrication, precision machining, assembly and supply chain management to provide a vertically integrated suite of highly efficient and cost-effective engineering solutions. Our customers also benefit from improved cycle times and enjoy total scalability for their products. Products and Services: Metal fabrication ? Precision Machining ? Assembly & test services ? Value added engineering ? Supply chain management Precision engineering output poised to hit $28b http://ir.asiaone.com/Investor+Relations/Industry+News/Story/A1Story20070619-14851.html 14-06-2007 (SINGAPORE) Singapore's precision engineering industry could generate an output of $28 billion as early as 2010, well in advance of the 2018 target previously projected by the government, Spring chairman Philip Yeo said yesterday. He was speaking at the official opening of a $12 million factory at Changi for contract equipment maker Eng Tic Lee Achieve (Etla). Precision engineering, or PE, which supports the electronics, aerospace and medical technology sectors, generated about 9.6 per cent of Singapore's total manufacturing output and 13 per cent of manufacturing value added in 2006. It is also a large contributor of employment, accounting for one in four manufacturing jobs. After a tour of Etla's facilities, Mr Yeo said: 'Last year we already crossed $21.8 billion. . . I think I will be more ambitious - the faster the better - say, 2010, finish; 2018 is too far for me.' He said growth factors in the precision engineering industry include whether companies upgrade their technology, the pool of skilled technical workers available and the level of management depth, which is critical for expansion possibilities. Emphasising the importance of developing managerial talent in the sector, he said, 'Many of the people here (in precision engineering) are pioneers, founders. We need to attract younger people to join them, to build up the company. For them to expand overseas, they need good management who are experienced in manufacturing.' Mr Yeo said Spring, the agency dedicated to the promotion of Singapore's economic growth and productivity, will begin offering management training next month. 'The limit is really talent,' he said. Some of the recent initiatives Spring has launched for precision engineers are the Medtech Capability Development Programme to help companies tap the high-growth medical technology industry; the Local Enterprise and Association Development programme to provide broad-based assistance to the industry through the Singapore Precision Engineering and Tooling Association; and setting up by early next year, a Centre of Innovation in PE in SIMTech, an A*Star research institute to help companies grow through technological innovation. 'Over 90 per cent of the companies in the PE industry here are SMEs. It is in our interest to grow them. The stronger our capability here, the better for us to anchor multinationals here who outsource the work to them,' Mr Yeo said. Etla's new extension increases the company's manufacturing space and production capacity by more than 50 per cent. Besides catering to an expanding business and consolidating the company's precision machining activities, the extension will house activities for its pharmaceutical and medical equipment customers. The company signed a memorandum of understanding yesterday with SIMTech to promote R&D collaborations in the areas of laser fabrication technology and radio frequency identification (RFID) Eng Tic Lee Achieve invests S$12 million in new facility to raise manufacturing space and capacity by more than 50% ? Expansion to cater to growing demand for CEM solutions and new products http://www.simtech.a-star.edu.sg/Pressrelease_files/NewsRelease13062007.pdf Bridging Technology and Solutions NEWS RELEASE Singapore, 13 June 2007 ? Home-grown Eng Tic Lee Achieve Pte Ltd (ETLA), a contract equipment manufacturing (CEM) solutions provider today marked a significant milestone in its growth roadmap with the opening of a new factory building in Singapore. The new extension raises the company?s current manufacturing space and production capacity at its Changi North premises by more than 50 per cent and costs some S$12 million in total investments. The new building was officially declared open by Mr Philip Yeo, Chairman of SPRING Singapore the enterprise development agency, this morning. Also present at the event was Mr Tobias Uhlmann, Chairman of the Supervisory Board of the Uhlmann Group, a leading German pharmaceutical packaging equipment maker, as well as guests from the local business community. With the extension adding some 52,000 square feet of manufacturing space, the combined production space at ETLA?s Singapore location has been increased to about 130,000 square feet. Construction was fast-track, taking about 15 months from ground-breaking in November 2005. Construction costs came up to S$6.0 million, and the remaining S$6 million were for plant and machinery. An additional 200 staff were employed, taking total current staff strength in Singapore to 540. Besides catering to an expanding business and consolidating the ETLA?s precision machining activities previously located in two locations at Changi North, the extension will also house activities for the Group?s pharmaceutical and medical equipment customers, including German pharmaceutical packaging equipment maker Uhlmann Pac-Systeme which has appointed ETLA as its Asian manufacturing partner in November 2005. ?This building is strategic to our Company?s vision of becoming the partner of choice in providing world-class manufacturing solutions to technology leaders. With all our CEM, precision machining and sheet metal fabrication facilities in one location, we are better positioned to extend our vertically integrated manufacturing solutions to customers. However, expanding the physical space and production capacity is just one part of our growth strategy,? said Mr Derrick Tan, Executive Chairman of ETLA. ETLA-Uhlmann partnership strengthens ?By establishing strategic partnerships with our customers such as Uhlmann, we are better able to support their business needs and to keep abreast of their technology advancements. This is the second pillar of our growth plan,? said Mr Tan. Indeed, the partnership with Uhlmann deepened beyond the memorandum of understanding signed in November 2005 for the transfer of technology to being a substantial shareholder. Uhlmann demonstrated its commitment to its Singapore partner by taking a 6.8 per cent equity stake in ETLA in March this year. From manufacturing machines used for pharmaceutical packaging, the partnership with Uhlmann progressed further with a second product ? the manufacturing of a cartoning machine ? to be transferred for production by ETLA at the end of 2007. SPRING Chairman Mr Philip Yeo, who was Guest-of-Honour at the opening ceremony, commended ETLA for constantly strengthening its innovative process capabilities. ?The key to a company?s growth is the quantity and quality of its people. ETLA puts great emphasis on building up the professional expertise of its management team,? he said. ?ETLA?s growth can be attributed to its moving up the value chain by leveraging on technology and knowhow. Throughout its years of growth, ETLA has constantly built up its innovative process capabilities to achieve competitive advantage.? Signs MOU with SIMTech on R&D applications ?Technology is the third supporting pillar of our growth. Technology is an enabler to enhance our competitiveness and operational efficiency. This is where collaborations with research institutes such as the Singapore Institute of Manufacturing Technology (SIMTech) will play a role in helping us fulfill our vision,? Mr Tan added. In this respect, ETLA has signed a memorandum of understanding (MOU) with SIMTech, a research institute of the Agency of Science, Technology and Research (A*STAR), to promote research and development (R&D) collaborations in the areas of laser fabrication technology and Radio Frequency Identification (RFID) applications. The MOU signing was part of the morning?s Opening Ceremony?s programme. ~~~ End of Media Release ~~~ About Eng Tic Lee Achieve (ETLA) Set up in 1985, ETLA is a vertically integrated solutions specialist for contract equipment manufacturing, precision machining and sheet metal components manufacturing. For more than two decades, it has been assisting its customers to transform engineering innovations into product/system realities by bridging the gap between Technology and Solutions. The Company has its headquarters in Singapore and has manufacturing facilities in Malaysia and the People?s Republic of China. For more information on ETLA, please visit www.etla.com.sg For media enquiries: Seah Mei Kiang, NRA Capital, Tel: 62366885 / 97305816; Email: meikiang.seah@nracapital.com Rebekah Goh, NRA Capital, Tel: 62366895 / 97805498; Email: rebekah.goh@nracapital.com |
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vlazyguy
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13-Aug-2007 23:15
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DJ MARKET TALK: New Lisitng ETLA +3.2%; Upside Capped At S$0.50 0144 GMT [Dow Jones] NEW LISTING: ETLA (C1L.SG) at S$0.485, a 3.2% premium to S$0.47 IPO price after revealing its offering was 12.8X subscribed; upside capped at S$0.50 with broader market plunge limiting gains. Trader says "it's a very difficult market to debut in right now;" adds, "staying in positive territory would be a very good sign for the stock." ETLA, a maker of equipment used to manufacture hard disk drives and package drugs, plans to use net proceeds of S$15.8 million to expand and upgrade its manufacturing facilities. Volume relatively subdued for a new listing, with just 15 million shares traded. (JEM) Contact us in Singapore. 65 64154 150; MarketTalk@dowjones.com (END) Dow Jones Newswires August 09, 2007 21:44 ET (01:44 GMT) Copyright (c) 2007 Dow Jones & Company, Inc. |
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jensonlaw
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13-Aug-2007 10:08
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PLE INVESTMENTS PTE LTD ("PLEI") IS A SUBSTANTIAL SHAREHOLDER OF ETLA LIMITED. EDB INVESTMENTS PTE LTD ("EDBI") AND ECONOMIC DEVELOPMENT BOARD ("EDB") ARE DEEMED TO BE SUBSTANTIAL SHAREHOLDERS OF ETLA LIMITED THROUGH PLEI. EDBI HOLDS CONTROLLING INTERESTS IN PLEI, AND EDB IN TURN HOLDS 100% OF EDBI. THIS NOTIFICATION IS IN RESPECT OF THE DEEMED INTEREST OF EDB INVESTMENTS PTE LTD ("EDBI") IN THE ETLA LIMITED SHARES HELD BY PLEI BY VIRTUE OF SECTION 7(4)(B) OF THE COMPANIES ACT AS EDBI HOLDS A CONTROLLING INTEREST IN PLEI. EDBI IS ALSO DEEMED INTERESTED IN THE ETLA LIMITED SHARES THROUGH ITS WHOLLY-OWNED SUBSIDIARY EDBV MANAGEMENT PTE. LTD. ("EDBVM"), WHICH IS REGARDED AS BEING INTERESTED IN THOSE SHARES, BY VIRTUE OF SECTION 7(6)(D) OF THE COMPANIES ACT, AS EDBVM IS THE DISCRETIONARY FUND MANAGER OF PLEI. EDB is indirectly holding 6.3% stake in ETLA..... should be a good stock to hold for the long term ........... For those who are interested to know the link between ETLA, EDB and Temasek: " PLEI is an investment fund launched in 1999 with a fund size of S$100 million to collaborate and co-invest with Promising Local Enterprises (PLEs) to build world-class capabilities, products and services so as to raise their competitiveness and presence globally. EDB Investments Pte Ltd (?EDBI?) holds 58% of the paid-up share capital of PLEI and the Singapore Economic Development Board (?EDB?) holds 100% of EDBI. Seletar Fund Investments Pte Ltd (?Seletar?) holds 20% of the paid-up share capital of PLEI. Seletar is wholly-owned by Fullerton Fund Investments Pte Ltd (?Fullerton?) which is in turn wholly-owned by Temasek Holdings (Private) Limited (?Temasek?). As such, each of EDBI, EDB, Seletar, Fullerton and Temasek is deemed, through PLEI, to be interested in the shares of ETLA pursuant to Section 7(4A) of the Companies Act. PLEI is managed by EDBV Management Pte Ltd (?EDBVM?), which is also a wholly-owned subsidiary of EDBI and a sister-subsidiary of PLEI. EDBVM has a deemed interest in the shares of our Company by virtue of Section 7(6)(d) of the Companies Act, being the discretionary fund manager of PLEI and having the authority to exercise the rights attached to the shares of our Company held by PLEI. The other shareholders of PLEI include DBS Nominees (Private) Limited, Oversea-Chinese Banking Corporation Limited, United Overseas Bank Limited, Amtek Engineering Ltd, Flextronics Holding (Singapore) Pte Ltd and Mr Sim Wong Hoo. " Caveat Emptor. |
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vlazyguy
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13-Aug-2007 09:51
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As subject title. Any insights for this stock? Good to buy and hold? |
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