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Headliners (YHM Group, Keppel Corp, LionGold Corp, GLP)
Headliners | 27 September 2013
Related stocks:
5QT
BN4
A78
By: Ong Qiuying
Articles (131) Profile

YHM Wins US$183m Contract
YHM Group announced that it had secured a contract worth approximately US$183m over a 3-year period with an additional 2-year extendable option to provide a semi-submersible rig. The rig will be used by a Southeast Asian based national oil company to support its oil and gas activities in the Andaman Sea. To be funded through internal resources as well as bank borrowings, the company is currently in the midst of forming a joint venture company to own the semi-submersible rig, which will be upgraded and refurbished. The rig is expected to be deployed between end 2013 and early 2014.

 
Growing Its Footprint In Azerbaijan: Keppel
Jointly developed by Keppel Offshore & Marine, State Oil Company of Azerbaijan Republic and Azerbaijan Investment Company, a new shipbuilding yard was officially opened. The Baku Shipyard, a new 62-hectare yard, is designed to undertake the construction of a wide range of specialised vessels and merchant ships. The Baku Shipyard adds to the existing footprint that Keppel O&M has in Azerbaijian. Keppel O&M will be responsible for the management and operation of the yard. The yard is already in discussions on several potential new projects ahead of its opening, and has received 2 contracts worth about US$50m in total.
 

LionGold Signs Deal With Gold Exploration Firm
LionGold Corporation, has signed an ore processing agreement with A1 Consolidated Gold, an Australian-listed company to process up to 450,000 tonnes of ore over three years (up to 150,000 tonnes per year) from the A1 Gold Mine at Ballarat. Upon agreement, the arrangement with the gold exploration firm could very well be further extended for another 3 years until Dec-19. LionGold will subscribe to 34.5m new A1 shares at A$0.116 per share in 2 tranches, which together represent about 19.9% of A1’s enlarged share capital valued at $4.7m. Cash from the group’s deposits will be used to fund the total transaction. The proceeds from the shares placement will be used by A1 to advance the development of its A1 Gold Mine, which is expected to begin trial processing at Ballarat within 6 months.

GLP Signs Agreement To Develop Distribution Center For Vipshop
Global Logistic Properties (GLP) has signed an agreement with Vipshop, one of China’s leading e-commerce companies, to develop 130,000 sqm of new built-to-suit facilities at GLP Park Dianshanhu II in Kunshan, Eastern China. The park will be developed in 2 phases and the first phase comprising 60,000 sqm has commenced construction in Aug-13. The second phase will add a further 70,000 sqm. At the same time, Vipshop is expanding 12,000 sqm in existing facilities at GLP Park Dianshanhu. Having increased its leased area with GLP more than five-fold since 2011, Vipshop will become one of GLP’s top 10 customers with the additional leases. With the new leases, both GLP Park Dianshanhu and GLP Park Dianshanhu II are 100% leased.

Qiuying oversees the construction and real estate investment trusts sectors at Shares Investment.

Please click here for more information about this author.

Charisma Energy Svcs  -- -- --   
Business: Co engages in the provision of mechanical & electrical engrg svcs as well as the devt, ownership & chartering of oil & gas & marine related assets.

Insight: Aug-18, 1H18 revenue increased by 4% due to revenu... Read More
Keppel Corp  5.840 -0.12 -2.01%   
Business: [FY18 Turnover] Infrastructure (44.1%), offshore & marine (O&M) (31.4%), property (22.5%), investments (2%).

Insight: Apr-19, 1Q19 revenue rose 4.1% underpinned by high... Read More
LionGold Corp  -- -- --   
Business: Co has interests in gold mining and exploration companies in Australia and Ghana.

Insight: May-19, FY19 revenue rose 18.6% due to increased t... Read More


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