28 December 2012

Far East Orchard Appoints Koh Boon Hwee as Non-Executive Chairman

The Board of Directors of Far East Orchard Limited (“FEOrchard” or the “Company”) announced today the appointment of Mr Koh Boon Hwee, 62, as a Non-Executive Director and Non-Executive Chairman of FEOrchard with effect from 1 January 2013.
12 December 2012

Far East Orchard signs MOU with Toga Pty Limited to establish a Hospitality Management Business and Ownership platform in Australia

Far East Orchard Limited ("FEOrchard" or the "Company") has signed a non-binding memorandum of understanding (MOU) with Toga Pty Limited ("Toga Group") to explore the establishment of a Joint Venture (JV) Company in Australia which will own the hospitality management business of the Toga Group and hospitality assets in Australia ("Proposed Joint Venture").
26 November 2012

Far East Orchard signs MOU with The Straits Trading Company Limited to expand its Hospitality Business beyond Singapore

Far East Orchard Limited (“FEOrchard” or the “Company”) has signed a non-binding memorandum of understanding (MOU) with The Straits Trading Company Limited (“STC”) to explore the proposed acquisition of STC’s entire hospitality management business (which includes the trade mark rights to the “Rendezvous” and “Marque” brands). STC’s hospitality management business currently operates hotels in Singapore, Australia, New Zealand and China. As part of the proposed transaction, STC will have the right to subscribe up to 20% of the share capital of the enlarged hospitality management company of FEOrchard.
20 November 2012

Yoma raising S$101 million from equity placement

Yoma Strategic Holdings Ltd. (“Yoma”, “祐玛战略控股有限公司”, or collectively with its subsidiaries, the “Group”) is pleased to announce that the Group proposes to complete a private placement exercise (the “Private Placement”) raising gross proceeds of S$101 million of equity.
14 November 2012

Ocean Sky 3Q2012 net profit up 14.0% to US$5.1 million

Mainboard listed Ocean Sky International Limited's ("Ocean Sky" or "式佳国际有限公司") or together with its subsidiaries, the "Group") cost management initiative continued to prove effective as net profit for the three months ended 30 September 2012 ("3Q2012") increased 14.0% to US$5.1 million with the net profit margin up 140 basis points despite a challenging business environment.
25 October 2012

Koh Brothers Group to acquire substantial stake in Metax Engineering

SGX-Catalist listed Metax Engineering Corporation Limited (“Metax Engineering”, the “Company” and together with its subsidiaries, the “Group”), a home-grown environmental engineering company, today announced that it has signed a subscription agreement (“Subscription Agreement”) with Koh Brothers Group Limited (the “KB Group”).
03 September 2012

Far East Orchard appoints Mr Arthur Kiong as Executive Director and Chief Executive Officer of Hospitality

The Board of Directors of Far East Orchard Limited (formerly known as "Orchard Parade Holdings Limited") ("the Company") wishes to announce the appointment of Mr Arthur Kiong Kim Hock as an Executive Director and Chief Executive Officer of Hospitality of the Company with effect from 1 September 2012.
31 August 2012

New Chairman for NETS

Ms Hwee joined the NETS Board in June 2002. She brings with her 30 years of experience in the financial and IT industry and currently leads UOB’s Group Technology & Operations division. Prior to joining UOB, Ms Hwee held senior positions in several large technology and banking organisations, including at IBM and Citibank N.A. Said NETS CEO Jeffrey Goh, “The payments industry has undergone rapid advancement in recent years with the onset of new technologies and applications. We welcome Susan’s experience and expertise in this field as we look to expand our payment capabilities to deliver solutions that support our merchants’ needs.” Ms Hwee's appointment takes effect from 1 September 2012 and will be for a term of three years. She succeeds outgoing chairman, Mr Ching Wei Hong, Chief Operating Officer, OCBC Group. The Board and Management of NETS would like to thank Mr Ching for the valuable contributions he has made to NETS. "NETS is grateful to Wei Hong for guiding the company these past three years. Under his tireless leadership, NETS introduced several new e-payment channels, including NETS FlashPay, and strengthened its position as Singapore’s preferred e-payments provider. We thank him for his efforts," said Mr Goh.
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14 August 2012

Ocean Sky's 2Q 2012 Net Profit Increased 90.0% With Improved Operational Efficiencies

Mainboard listed Ocean Sky International Limited (“Ocean Sky” or together with its subsidiaries, the “Group” or “式佳国际有限公司”), a fully integrated apparel supply chain provider from design to distribution, has recorded a 90.0% increase in its net profit to US$3.4 million for the three months ended 30 June 2012 (“2Q 2012”) compared to US$1.8 million for the previous corresponding period (“2Q 2011”).
14 August 2012

Get your SISTIC tickets anytime, anywhere at all iNETS Kiosks

NETS, Singapore’s leading electronics provider, and SISTIC, the leading ticketing services provider, today announced the launch of a new fully automated service that allows consumers to select, purchase and collect SISTIC tickets at all iNETS kiosks islandwide. With more than 94 iNETS kiosks situated at convenient locations such as MRT stations and major shopping malls island-wide, consumers will be able to obtain their SISTIC tickets at their convenience, anytime, anywhere. Ms Cynthia Liaw, General Manager, Consumer Services, NETS, said,“We believe this new service will be especially welcomed by last-minute event goers who are looking for something to do after an early dinner. Just pop by any iNETS kiosk, see what’s available and get your tickets on the spot!” SISTIC CEO Mr Kenneth Tan said, “Making show information and tickets available through the iNETS Kiosk network brings an exciting, added convenience to event-goers. Along with our recently updated mobile app and just launched Facebook page, the iNETS kiosks make it even easier to take in the latest events, even at the last minute.” The prevailing SISTIC booking fee applies for every transaction. $6,000 worth of SISTIC vouchers to be won Your next show is on us! Stand a chance to win up to $6,000 worth of SISTIC vouchers when you purchase SISTIC tickets at any iNETS Kiosk! Customers will earn one chance for every $50 transaction. Promotion is from 15 August - 15 November 2012. Terms & conditions apply.
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