.. Superior Fastening Technology Limited has been recognized as a Global Supplier for Fiat Group after the
latter’s recent assessment of Superior’s manufacturing facility in Shanghai. Superior currently supplies head
and rear lamp fasteners to an automotive component-making subsidiary of Fiat Group. As a Global supplier,
Superior will be recognized as a qualified vendor for all cold forming fasteners, as well as plating and heat
treatment services to Fiat Group, which expects to purchase some €1.5 billion worth of automotive
components between 2007 and 2010.
.. K-REIT Asia achieved a distributable income of $9.5 million for 1H07, surpassing 1H06 by 36.8%. Net
property income outperformed by 23.3% year-on-year to reach $13.7 million due to higher rental income. DPU
rose 20.9% from 1.77 cents in 1Q07 to 2.14 cents in 2Q07. For 1H07, DPU reached 3.91 cents and 7.88 cents
on an annualized basis.
.. Ascendas Real Estate Investment Trust (“A-REIT”) has renewed and signed new leases (include
expansions) amounting to a total net lettable area of 82,763sqm for the three months ended 30 June 2007.
These leases represent an annualized rental income of S$19.1 million. More than 80% of these leases are
derived from our portfolio of multi-tenanted buildings. The balance relates to the re-letting and renewal of of
two single-tenanted buildings.
.. Bio-Treat Technology Limited has secured two loan facilities of RMB390 million and RMB65.28 million with
the Inudstrial and Commercial Bank of China Limited and The Bank of China Holdings Limited, respectively.
The facilities were arranged in the fourth quarter of financial year 207 and are a direct result of successful
negotiations of the Suzhou BOT project financing (RMB390 million) as well as refinancing of the Lianyungang
City TOT Project that commenced operations in Jan 2006. The proceeds of the facilities will be used for the
current operations of BOT and TOT projects.
.. Singapore Exchange Limited (SGX) announced today that SGX AsiaClear® will offer the clearing of overthe-
counter (OTC) Balance-of-Month (BOM) Dubai Crude Oil Swap and Kerosene Swap contracts from 2
August 2007. The addition of these new BOM Dubai Crude Oil and BOM Kerosene contracts complements
SGX AsiaClear®'s unique suite of BOM contracts, bringing the number of BOM contracts listed for clearing to
five. SGX AsiaClear® is the first in Asia to offer OTC Balance-of-Month clearing for oil swaps contracts, which
include Fuel Oil 180 cst, Fuel Oil 380 cst and Gasoil.
.. Noble Group has acquired a 30% stake in Brazilian iron ore mining company, Mhag Servicos E Mineracao
S/A. With estimated reserves of 3.8 billion tons in five areas in the states of Rio Grande do Norte and Paraiba,
Mhag is becoming a substantial producer of iron ore for export, utilizing Noble through its global network as its
marketing agent. Noble has considerable expertise in iron ore, logistics and freight, together with a deep
knowledge of emerging markets. The consideration of USD 60 million was based on arms length commercial
terms and net tangible assets of Mhag. Mhag is already producing and shipping high quality iron ore through
the port of Suape in the state of Pernambuco. It plans to increase production in the first project phase, which
starts immediately, to 3.6m tons per year. In the second phase of the project which is planned for conclusion in
2009, the production should reach 10m tons per year. To achieve this volume, Mhag will make investments in
an industrial unit for pelletization with a capacity of 5m tons per year as well as investment in a slurry pipeline
of approximately 130km from Jucurutu to Porto do Mangue (both in the State of Rio Grande do Norte), where
dedicated facilities will be built. During the first and second stages, the material will be transported from the
Jucurutu region from the Mina do Bonito mine which is already in production.
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