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Oculus makes alternative energy deals...EDGE mag
quote="beachball8"]Anyone got any ideas or reliable rumour?[/quote]
Pg 18 Edge Magazine...Oculus plan to turn itself into an energy play is taking a new direction with the co announcing 2 new corporate moves this month as hydropower acquisitions are delayed.
proposal 1) Buy 70% stake in PT Balikpapan Oil Terminal that is building an oil storage terminal that hve an initial capacity of 60 000 tonnes expandable to 100 000.This Indonesian co signed MOU to lease with a French oil giant to lease 40 000 tonnes of storage tankers for 5 years
proposal 2 ) Oculus sign an agreement with Aerate pte Ltd to jointly invest in projects that comform to Kyoto Protocol's objectives of reducing greenhouse emissions and clients include Malaysia's Federal Land Development Authority.Oculus and Aerate first joint investment will be to produce compost from neighbouring oil palm plantations.
Oculus and Aerate plan to sell the carbon credits generated by the projects in Europe fro additional revenueBoth co also plan to process land fill gas and other biomass process enterprises.
.Low Shiong Jin,director of Oculus and Ariel Singapore will now instead assist Hunan Zhangjiajie Electric Power Co Ltd whivh initially Oculus had proposed to pay $60.5mil for their 4 hydroelectric plants will now help them assess and invest in these projects.
Low added "With Oculus,we want to do with sustainable energy and enviromental resources.All the cos we hve invested in,we want to turn around and improve..'
Ariel Singapore has begun acquiring over 10% shares in SNF Corp base on filing eith SGX dated 9 Oct planning to turn SNF into a health care co
.SNF might not be a willing takeover target and the market seems to sense what's coming.Shares in th eloss making electronics distributor have more than doubled since Aug on heavy volume.
So far Global Ariel and individuals linked to it hve succeeded in garnering more than 10% in SNF corp...according to Low who is also a CFO of ariel Singapore
Pg 18 Edge Magazine...Oculus plan to turn itself into an energy play is taking a new direction with the co announcing 2 new corporate moves this month as hydropower acquisitions are delayed.
proposal 1) Buy 70% stake in PT Balikpapan Oil Terminal that is building an oil storage terminal that hve an initial capacity of 60 000 tonnes expandable to 100 000.This Indonesian co signed MOU to lease with a French oil giant to lease 40 000 tonnes of storage tankers for 5 years
proposal 2 ) Oculus sign an agreement with Aerate pte Ltd to jointly invest in projects that comform to Kyoto Protocol's objectives of reducing greenhouse emissions and clients include Malaysia's Federal Land Development Authority.Oculus and Aerate first joint investment will be to produce compost from neighbouring oil palm plantations.
Oculus and Aerate plan to sell the carbon credits generated by the projects in Europe fro additional revenueBoth co also plan to process land fill gas and other biomass process enterprises.
.Low Shiong Jin,director of Oculus and Ariel Singapore will now instead assist Hunan Zhangjiajie Electric Power Co Ltd whivh initially Oculus had proposed to pay $60.5mil for their 4 hydroelectric plants will now help them assess and invest in these projects.
Low added "With Oculus,we want to do with sustainable energy and enviromental resources.All the cos we hve invested in,we want to turn around and improve..'
Ariel Singapore has begun acquiring over 10% shares in SNF Corp base on filing eith SGX dated 9 Oct planning to turn SNF into a health care co
.SNF might not be a willing takeover target and the market seems to sense what's coming.Shares in th eloss making electronics distributor have more than doubled since Aug on heavy volume.
So far Global Ariel and individuals linked to it hve succeeded in garnering more than 10% in SNF corp...according to Low who is also a CFO of ariel Singapore
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Joined: 20 Apr 2007 Posts: 2053 Posted: Sat Oct 13, 2007 9:37 am Post subject: Oculus hve the financial backing of US mgr -------------------------------------------------------------------------------- Just to reassure of all U who'r eworrried about the halt...Oculus is buzzing with activities-hydroelectric plants in PRC which is alternative to oil and coal biz..will be in the in-thing,the waste recycler in Indonesia..proposed rights price in July about 32cts..stop worrying where it is going to get the $$$$...Besides its directors and parent Global Ariel has undertaken to subscribe for all its rights...its CEO remarked that Oculus has forward looking biz and co can borrow $$$ with no interest expense incurred.This speaks well of Oculus' future.The $100mil from US fund manager will enable Oculus to ask for > such interest free loans to fund its activities..but of course no free lunch..the loan is convertible to Oculus shares..therefore Oculus will try its utmost to boost its shares in the long term..very rare to get convertible loan without need to pay even the coupon interest retes at all. see below.. Posted: Tue Aug 28, 2007 9:07 am Post subject: Occulus to Cross 32cts soon otherwise rights issue aborted -------------------------------------------------------------------------------- Has anyone notice the swift recovery of Oculus move from 15cts to 18..20..22....25 and 27cts now...major sh holder Ariel has undertaken to take up all its rights entitlement at 32cts each...recent financing obtained is gd news for Oculus..show financiers/investors are confident of co's projects. OCULUS SECURES $100M FINANCING FACILITY Business Times (23 Aug) - Oculus Ltd said yesterday it has secured a $100 million financing facility from a major New York-based fund manager to fund its business expansion in renewable energy and oil services businesses. The facility is a convertible bond that gives the bondholder an option but not the obligation to convert the debt into equity. Under the bond subscription agreement, Oculus will issue up to $100 million in zero-coupon convertible bonds - in 50 successive tranches of $2 million each - to DB Zwirn Mauritius Trading No 3 Ltd and its affiliates. The maturity date is five years after the date of issue. After the issue of the initial tranche of $2 million, either Oculus or DB Zwirn would have the option to ask for subsequent tranches within five years of the initial completion date of the first tranche. DB Zwirn is wholly owned by DB Zwirn Special Opportunities Fund, a partnership managed by DB Zwirn & Co, a global alternative investments manager and financial group with more than US$5 billion worth of assets under management. Oculus said the terms of the convertible bonds are favourable to the company. There is no interest payable on the bonds, no restrictions on future borrowings and future equity raisings and no subordination of existing financing facilities. The group will also issue bonds only as and when needed. The facility can be terminated by either party. Oculus executive director Low Shiong Jin said: 'Oculus is in a position today to issue convertible bonds on such favourable terms because of our strengthened financials and bright prospects going forward.' While the main objective of issuing the convertible bonds is to raise capital for business expansion, a related objective is to increase Oculus's market capitalisation and trading liquidity, the company said. The bond agreement is subject to the approvals of SGX and Oculus's shareholders, among other conditions. Back to top |
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