Yahoo Finance 
Stocks In Focus SG (Cityneon, CNA, Noble) – 02/04/15
Cityneon entered a sales and purchase (S&P) agreement to acquire 100 percent of the issued share capital of exhibition producer, Victory Hill Exhibitions, proposing a one for one non-underwritten renounceable rights issue of 88 million new shares to partially fund the acquisition. The purchase consideration consists $10 million in cash and issuance of 45 million new shares from the company upon completion of purchase. A deferred payment of $2 million and a variable incentive payment will be paid upon achieving certain profit targets by 30 June 2016, followed by two further incentive payments if profit targets are met by 30 June 2017 and 30 June 2018. Upon completion, Victory Hill becomes a wholly-owned subsidiary of the company, with its primary business being developing and producing exhibitions.
CNA Group announced that its wholly-owned subsidiary, CNA-HTE Vietnam has signed a Letter of Intent (LOI) with Vietstar Airlines Multirole Cor for a Mechanical, Electrical and Plumbing (MEP) contract for a Multirole Terminal Complex worth US$70 million (approximately $95.8 million) on a 180,000 square metres site in Ho Chi Minh City, Vietnam. The Terminal is expected to be completed in approximately 18 to 20 months and to be operational by early 2017. Expecting 85 percent domestic and 15 percent international passengers, growing at an average of 13 percent per year, CNA is exploring the possibility of equity participation in the 30 year airport concession, securing long term recurring income opportunities.
Japfa announced that its Indonesia listed subsidiary, PT Japfa Comfeed Indonesia has acquired 70 percent of the issued share capital of PT Multi Makanan Permai (MMP) on 1 April 2015. MMP is in the business of trading of animal feed raw materials, a market segment that has not been tapped by PT Japfa. The acquisition hence provides PT Japfa with the opportunity to expand its customer portfolio, with the purchase price standing at IDR483 million, financed by internal resources.
Noble Group has repurchased US$20 million in aggregate principal amount of the 3.625 percent US dollar fixed rate Medium Term Notes due 2018, representing approximately 5 percent of the total aggregate principal amount. The repurchased Medium Term Notes have been cancelled on 1 April 2015, leaving US$380 million in aggregate principal amount of the Medium Term Notes outstanding.
Rex International announced that its jointly-controlled entity, Lime Petroleum Norway AS, has signed an agreement with Skagen44 AS to acquire an additional 10 percent stake in license PL616 in the North Sea. Upon approval, Lime Norway’s stake will be increased to 15 percent. The license is operated by Edison Norge AS and the Haribo prospect is scheduled to be drilled in June 2015. Furthermore, two new small gas/oil discoveries are located in the northern part of the license, where reprocessing of 3D broadband seismic is currently ongoing for evaluation of this area.
More From Shares Investment:
