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HSI (Sep 13) intraday: bullish bias above 22020

ACMA: Proposed Acquisition Of 30% Stake In Russian Engineering Company Owned By Cousin Of Russian President For 123 Million Shares At S$0.0311 Each.

Acma Ltd had on 3rd September 2013 entered into a sale and purchase agreement with Denis Ryabtsev to acquire 120,000 shares in the issued and paid-up share capital of LLC CC Avanguard 500, representing 30% of the issued shares. The shareholders of AVG are Igor Alexandrovich Putin, the chairman of the board of AVG, and Denis Vitalievich Ryabtsev, director. Mr Igor Alexandrovich Putin is a Russian businessman and politician as well as a first cousin of Russian President, Vladimir Putin. Mr Ryabtsev will continue to be shareholder of AVG after the Proposed Acquisition. AVG is principally engaged in engineering and engineering related construction and its clients include large Russian corporations such as JSC Russian Railways, NK Rosneft, FGC UES and OAO Gazprom...

Tat Hong: Embarks On Programme To Optimise Singapore Operations.

Tat Hong Holdings Ltd is embarking on a programme to consolidate and optimise its Singapore operations and has secured a 22-year lease from Jurong Town Corporation for a 16,100 sq m plot of industrial land at Tuas South Street 10. The consolidation of operations will free up one of its lease-hold properties, at 11 Gul Crescent, which the Group intends to divest through a public tender...

Cordlife: To Acquire 19.92% Interest In Malaysia Listed Cord Blood Banking Service Provider StemLife Berhad.

Acquisition of a 19.92% interest for an aggregate consideration of RM29.58 million to expand overseas operations. Transaction to enlarge the Group's geographical footprint in Asia and extend the Group's reach of complementary services such as umbilical cord tissue banking. Diversifying to a multi-product healthcare company catering to the mother and child segment...

Interra Resources: Proposed Acquisition Of Benakat Barat KSO In Indonesia For US$78.5 Million.

PT Benakat Barat Petroleum holds an undivided 100% interest in the rights and obligations of exploitation, development and complementary exploration of hydrocarbons in the Benakat Barat field in South Sumatra, Indonesia. The consideration payable by the Company for the Sale Shares is US$78,500,000. The acquisition of BBP will increase the Company's existing reserves and enhance its current production of oil significantly.

China Minzhong: Indofood's Bid Turns Unconditional.

Indofood now controls more than 50% of China Minzhong. Offer for China Minzhong at S$1.12 per share turns unconditional. Acquisition expected to generate long-term financial and strategic value for both Indofood and China Minzhong...

China Kunda: Notification Of Inclusion On The Watch-List With Effect From 4 September 2013.

China Kunda Technology Holdings Limited wishes to announce that following the Notice of 3 Consecutive Years' Losses released by the Company on 28 May 2013, the Singapore Exchange Securities Trading Limited has notified the Company that it will be placed on the watch-list with effect from 4 September 2013...