Wee Hur Holdings Ltdacquired Thomson View Condominium for S$590 million through a newly set up joint venture. The Group's whollyowned subsidiary, Wee Hur Development Pte Ltd, will hold 51% of the JV, Wee Hur-Lucrum Pte Ltd with the remaining stake held by Lucrum Capital Pte Ltd, a private equity investment firm that focuses exclusively in real estate investments. WHL was awarded the tender for the collective purchase of Thomson View on 5 September 2012.  The estimated cost of the acquisition is S$712 psfppr (per square foot per plot ratio) taking into consideration the estimated differential premium and lease upgrading premium payable for the redevelopment of the site, which is a 99-year leasehold residential property with a remaining term of about 62 years. The site, with an existing plot ratio of 2.1, sits on a land area of about 540,314 square feet, making it one of the largest condominiums in land area in Singapore. (Closing S$0.275, 0%)

Centurion Corporation Limited announced that the Group has inked agreements to acquire four adjacent plots of land in Port Hedland, Western Australia for the development of an accommodation property catering primarily to workers and business executives in the Pilbara region's mining industry. The four adjacent freehold plots amounting to a total area of 4,434 square metres is strategically located in the city centre and costs A$4.8 million (S$6.24 million). (Closing S$0.183, -2.139%)

Hu An Cable  Holdings Ltd.  said it has secured an order worth RMB92.8 million from Shanghai Municipal Electrical Power Company, a subsidiary of State Grid Corporation of China. The new order, signed under the Group's wholly-owned subsidiary, Wuxi Hu An Wire And Cable  Co., Ltd., is to supply 325km of low-voltage power cables to  various municipal projects in Shanghai, China. Around 80% of the deliveries are expected to take place in 2012 and the balance in 2013. (Closing S$0.129, N.A.)

Ezra Holdings Limitedannounced that its subsea construction division, EMAS AMC, has been awarded a contract by ABB, pursuant to an arrangement of strategic cooperation for subsea installation, for the installation of subsea power cables. This is part of ABB's second contract with Statoil, to supply subsea HVDC Light transmission systems to the Troll A platform in the North Sea. (Closing S$1.090, +0.461%)

ST Engineeringannounced today that its marine sector has won shipbuilding and repair contracts worth about S$179m. These wins include a contract to build two additional Offshore Support Vessels (OSVs) as well as a series of repair and upgrading projects. (Closing S$3.410, -1.445%)

CapitaMalls Asia Limited announced that it is acquiring a new shopping mall in Wuhan, China ' its third in the city. CapitaMalls Asia has signed an agreement to acquire the retail component of an integrated development which also includes residential and office components, situated along Zhong Bei Road in Wuchang District.  It is acquiring the shopping mall from a subsidiary of China Railway Construction Corporation Limited, one of the largest construction companies in China listed in Shanghai and Hong Kong and a state-owned enterprise. On a completed basis, the total investment cost of the shopping mall is expected to be about RMB1,156.0 million (S$228.3 million / HK$1,413.5 million), or about RMB16,354 (S$3,229 / HK$19,996) per sq m of GFA. (Closing S$1.615, -0.309%)

Sembcorp Industriesannounced the successful completion of its acquisition of power assets in China from AES Corporation (AES) for $106.7 million, pending approval by relevant Chinese authorities. Sembcorp subsidiary Sembcorp Utilities had earlier said it had signed a sales-and-purchase agreement with AES to acquire part of its power asset portfolio in China. The acquisition included a 49 per cent stake in four wind power assets in Inner Mongolia and Hebei with a total gross power capacity of 247.5 megawatts, as well as a 25 per cent stake in a co-operative joint venture for a 2,100-megawatt, coal-fired power plant in Shanxi. The co-operative joint venture expires in 2016. (Closing S$5.390, -1.282%)

Source: SGX Masnet, The Business Time

Source: Phillip Capital ' 7 September 2012