Yongmao: 1H2014 Attributable Net Profit Jumped Nearly Two-Fold To RMB28 Million.

1H2014 revenue up 36.3% to RMB490.6 million on stronger sales in China and the Middle East. Expects better demand for towercranes from domestic sales in China, as well as from increasing construction activities in Southeast Asia. Joint venture in Hong Kong and Macau likely to contribute positively from the continued growth in the construction market in Hong Kong and Macau...

Falcon Energy: 2Q14 Net Profit Up 19 Times To US$38.9 Million.

Falcon Energy Group Limited posted a 776 per cent rise in Net Profit after tax attributable to shareholders from US$3.9 million in 1H2013 to US$34.4 million in 1H2014. This was on the back of a 511 per cent jump in revenue to US$209.7 million. The Group's overall gross profit improved by 839 per cent to US$90.9 million with a higher overall gross profit margin of 43 per cent compared to 28 per cent in the previous corresponding period. FEG's strong performance for 1H2014 is a confirmation that its growth strategy is yielding positive results. The Group's revenue rose substantially on the back of business expansion by moving up the value chain in oil and gas services industry...

Hiap Hoe: 3Q2013 Reports 150% Increase In Net Profit To S$33.3 Million.

3Q2013 revenue surges 98.6% to S$81.1 million on the back of higher progressive revenue recognised. Remains well-positioned in a potentially challenging environment and focused on strengthening regional property portfolio...

Oakwell: In Preliminary Discussions On Possible Acquisition Of New Business.

Oakwell Engineering Limited wishes to announce that following the completion of the disposal of the Distribution Business, it is currently in preliminary discussions with certain parties on potential business opportunities, including the possible acquisition of new business. The Company wishes to advise that no terms have been finalised, and no legally binding obligations have been created between the Company and any party in relation to the foregoing at this point in time...

Technics: NOG Awarded Its 1st Micro LNG Plant Project Worth S$21 Million For The Supply Of Process Equipments And Accessories For Indonesia.

Technics Oil and Gas Limited announced that its 40.21% associate company, Norr Offshore Group Limited, whose subsidiary, Norr Systems Hydraulics Pte Ltd, has been awarded its 1st Micro LNG plant for the supply of process equipments and accessories for Indonesia. Despite strong competition from other international competitors, the Company was eventually selected due to its excellent technical proposal, experience and proven track record in the related field...

HanKore: 1 For 10 Share Consolidation.

HanKore Environment Tech Group Limited is proposing to consolidate every 10 existing ordinary shares of par value HK$0.10 each in the capital of the Company into 1 ordinary share of par value HK$1.00. As a result of the Proposed Share Consolidation, each shareholder of the Company will receive 1 Consolidated Share for every 10 Shares held prior to the Proposed Share Consolidation as at the Books Closure Date, fractional entitlements to be disregarded...

Ascott REIT: To Raise S$253.7 Million Through An Underwritten 1 For 5 Rights Issue At S$1 Per Unit To Tap Future Growth Opportunities.

Ascott Residence Trust has launched an underwritten renounceable rights issue to raise approximately S$253.7 million. Existing Unitholders will be offered 253.7 million rights units at a ratio of one unit for every five units already held as at the book closure date. The rights units will be issued at S$1.00 each. This is at a discount of approximately 22.5% to the closing price of S$1.29 per unit as at 4 November 2013 and a discount of approximately 19.5% to the theoretical ex-rights price...