Singapore Corporate News - 18 Dec 2007

LC Devt, Lum Chang in China real estate JV

LC Development and Lum Chang Holdings entered into an arrangement with Guangzhou Weicheng Real Estate Development to jointly develop a largely residential project located at 828 Tonghe Road, Nanhu, in Guangzhou. The project is known as The Lakefront Residence.

Silverlake Axis signs licensing deal

SILVERLAKE Axis (SAL) has signed a licensing agreement with Silverlake Component Technologies Solutions (SCT), where the latter will provide shared services outsourcing solutions based on certain modules from SAL's Silverlake Integrated Banking Solution software platform. SAL will receive US$7.78 million in license fees from SCT, which will apply for up to seven million customer accounts.

Nokia S60 series gets Mobile Yellow Pages

MOBILE Yellow Pages, the latest digital media product by Yellow Pages (Singapore) Limited, is now integrated into Nokia Series 60 devices, giving users access to more than one million contact points comprising telephone numbers, addresses, e-mail addresses and URLs. Series 60 is a smartphone software that enables users to perform multiple tasks on their mobile devices.

Unified Comms in India joint venture

UNIFIED Communications Holdings is forming a joint venture with ADR Telecom and Unified Telecom to provide telecommunications products, services and customised solutions in India.

China Healthcare plans rights issue

CHINA Healthcare is proposing to undertake a renounceable non-underwritten rights issue of up to 53 million new shares at an issue price of 11.8 cents for each rights share, on the basis of three rights shares for every 10 existing ordinary shares. The firm expects to raise net proceeds of up to $6 million.

Natural Cool proposes warrants issue

NATURAL Cool Holdings is proposing a renounceable non-underwritten rights issue of up to 36.49 million warrants - on the basis of three warrants for every 10 existing shares - at an issue price of six cents each. Each warrant carries the right to subscribe for one new share at an exercise price of 10 cents for each new share. The company has appointed Asian Corporate Advisors as the manager for the warrants issue.