*ABTERRA (July 10 price: 5.5 cts): General Nice Resource (HK) is the parent company of Abterra, and is also one of the largest privately-owned coking coal/coke/iron ore players in China.
Abterra, a supply chain manager of resources and minerals, said recently that it is likely to benefit from rising coking coal prices. Reuters reported on 28 June that China's steel production is soaring way over estimates and the country had paid for a shipment of coking coal at a price higher than the benchmark price.
The Jiaozhong coking coal mine of Abterra.
Abterra is on track to become a sizeable player in the coking coal industry.
Its CEO, Jaffe Lau, said in a press release: “We have set ambitious targets and have the resources to deliver on those targets. The target of the Group is to continue to make strategic acquisitions of coking coal mines to grow our production capacity to 5 million tonnes per annum in the next 2-3 years.”
One of the abalone meals at Ah-Yat-Oceanus joint-venture
restaurant chain in China.
restaurant chain in China.
The firms are Ocean Wonder International Limited, a wholly-owned subsidiary of AIF Capital Asia III L.P, and Hupomone Capital Partners Singapore Pte Ltd.
Dr Ng Cher Yew, Executive Chairman of Oceanus, commented, “During this difficult time of the financial crunch and economic uncertainty, we are pleased to announce that the investment interest in this financing exercise was overwhelming.”
Oceanus is the world’s largest land-based producer of premium quality Japanese abalones.
Various aspects of the apartments at The Reflections @ Keppel are installed by Design Studio.
Net cash flow from operating activities remains strong at S$3.3 million.
Cash balance of S$33.0 million as at 31 March 2009 translates to cash per share of S$0.13.
Wong Swee Chun, 71, is the founder of Straits Construction Co. Pte Ltd, a builder of HDB flats, among other things. Mr Wong not only has a direct interest of 4.57% in Design Studio but also a deemed interest in the 51.98 million shares (20.47%) held by Straits Construction.
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