Stocks In Focus SG (Addvalue Tech, Tuan Sing Hldgs, Zhongmin Baihui Retail) – 26/11/14

Addvalue Technologies has begun the development of a radiation-resistant satellite-based communication modem to be experimented on a new satellite built by Nanyang Technological University that is targeted for launch in 4Q15. Supported by the Singapore Economic Development Board through a technology grant for the company, the objective of the experiment is to demonstrate the technical feasibility of a new satellite-based communication technology.

Tuan Sing Holdings granted an option to purchase a property unit in its residential development project, Cluny Park Residence, to an interest person. There was no preferential discount given to the purchase price of the property unit at $2.4 million.

Zhongmin Baihui Retail Group has successfully bidded for a proposed 15-year lease of the premises located at Xianyou Lizhong Wenti Lvhua Square in Fujian Province, China. The group intends to use the premise for the operation of a one-floor departmental store on the basement with an aggregate gross floor area of 6,700 square metres and a basement car park. The departmental store is expected to be fully operational in 1H15 and will be funded through internal funds.

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