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Manufacturing

China Bearing Singapore names William Teo Choon Kow as director

43 reads

He is also chairman of the Audit Committee and a member of the Nominating and Remuneration Committees. Read ››

Brian Especkerman steps down as Miyoshi Precision's financial controller

37 reads

His stepping down is due to personal reasons. The Board of Miyoshi Precision announced the resignation of Brian Especkerman as financial controller effective 7 September 2013. Read ››

ASTI Holdings names Dato' Michael Loh Soon Gnee as CEO

65 reads

He brings with him more than 30 years of knowledge and experience in the semiconductor industry. Read ››

Chen Que steps down as Sinopipe Holdings director

63 reads

Ongoing operational upgrading and improvement work required substantial commitment from his position as COO. Read ››

Karin Technology basking on Chinese smartphone boom

83 reads

Proliferation of lower-end models boosting demand. According to OCBC Investment Research, Karin Technology's component distribution business is gaining momentum as the Chinese increasingly purchase lower-end smartphones, the connectors of which are provided by Karin. Read ››

Sinopipe Holdings names Tommy Lybianto as director

71 reads

He has been chariman of Hengtraco Group for 27 years. Read ››

Unsatisfied customers file S$103m product claims vs Asia Fashion Holdings subsidiary

403 reads

Products allegedly fell short of requirements. In a disclosure to the Singapore Exchange, the Board of Directors of Asia Fashion Holdings Limited announced that the Company's wholly-owned subsidiary, Fujian Qianfeng Textile Technology Co., Ltd has received claims amounting to RMB 517,034,640 (equivalent to S$103,406,928) from customers for delivered products that allegedly failed to meet customers' specified requirements. Read ››

Wong Heang Tuck resigns as WBL Corporation group CFO

141 reads

He has decided to pursue other opportunities and interests. The Board of WBL Corporation announced the resignation of Wong Heang Tuck as group chief financial officer. Read ››

Kusnadi Lybianto steps down as Sinopipe Holdings director

77 reads

His alternate director, Tommy Lybianto, followed suit. The Board of Sinopipe Holdings announced the resignation of Kusnadi Lybianto as non-executive director. Read ››

Three WBL Corporation directors step down

118 reads

Mark Christopher Greaves; Benjamin C. Duster, IV; and Peter Eng Hsi Ko decided to resign after movements in the shareholders of the company. Read ››

Anthony Sabastian Aurol retires as Baker Technology's COO

61 reads

He decided to step down at the age of 65. Read ››

Ong Kin Hock resigns as Innovalues' general manager of Malaysia unit

66 reads

He will pursue another career opportunity. The Board of Innovalues announced the resignation of Ong Kin Hock as general manager of the group's Malaysia business. Read ››

Sino-Lonther promotes Wang Huichao as general manager

58 reads

She will succeed the post vacated by Han Yongzhou, who was promoted to executive chairman of the company. Read ››

PNE Industries names Lim Meng Wee as director

64 reads

He will also be a member of the Audit, Nominating and Remuneration Committees. Read ››

Goodpack Limited to reap incremental earnings from Lanxess plant

98 reads

With another plant in the pipeline. In a company update, OCBC Investment Research said that Goodpack Limited will likely benefit from incremental earnings from the newly opened Lanxess plant until the plant reaches a steady state of production. Read ››

4 biggest risks UMS is likely to face this year

115 reads

Heavy dependence on semicon sector is one. According to CIMB, UMS should be able to benefit from increasing demand for mobile devices. Read ››

Chew Kok Hwa steps down as Cheung Woh Technologies' factory manager

87 reads

He will pursue other career opportunities. The Board of Cheung Woh Technologies announced the resignation of Chew Kok Hwa as factory manager. Read ››

Why Biosensors International needs new growth drivers

172 reads

Current product lines are merely "decent". The assessment came from Maybank Kim Eng which said that the new Biosensors product lines such as the BioMatrix NeoFlex "could sustain a decent growth rate" but believed the company required a stronger catalyst to increase its attractiveness to investors. Read ››

STATS ChipPAC to invest another $500m in Singapore by 2016

306 reads

Responding to rapid market demand. In a release, STATS ChipPAC Ltd. Read ››

Valuetronics Holdings' profits dropped 39.6% to HK$78.7m

104 reads

No thanks to losses from its licensing division. According to OCBC Investment Research, Valuetronics Holdings Limited (VHL) reported FY13 results which were within its expectations.  OCBC noted that net profit from continuing operations fell 26.1% to HK$118.4m, while net losses from its now discontinued Licensing division widened by 32.7% to HK$39.8m, resulting in overall PATMI decline of 39.6% to HK$78.7m. Read ››

How Sarin Technologies can turn diamond manufacturer squeeze to its advantage

97 reads

By servicing demand for higher efficiencies. According to Maybank Kim Eng, diamond manufacturers are now in a short-term liquidity bind, and coupled with persistent margin pressures, will convince some to upgrade to higher effincies by investment in technologies, including those by Sarin Technologies. Read ››

Taiwan lowers GDP outlook to 2.4% as manufacturing remains weak

66 reads

From 3.59% on falling industrial production. BBVA notes that Taiwan has lowered its GDP outlook for the year to 2.4% from previous 3.59%, "reflecting the weaker-than-expected recovery of the external environment." For its part, the research firm has a forecast of 3.5% GDP growth, which it attributed to the country facing more downside risks given the soft recovery path. Read ››

Yong Xin to acquire Oriental Land Limited

160 reads

Learn more about the reverse takeover. Read ››

Ong Poh Leng resigns as Dragon Group International group financial controller

122 reads

She has moved Dragon Technology Distribution ("DTD") upon completion of the sale of 100% of the issued and paid up ordinary shares of DTD to InflexionPoint Technologies. Read ››

Chow Mei Ling steps down as Scintronix group financial controller

87 reads

She will pursue personal interests. The Board of Scintronix announced the resignation of Chow Mei Ling as group financial controller. Read ››

Megachem director Dr Patrick Pui Hang Yeung, 71

120 reads

He was Audit Committee Member and Remuneration Committee chairman. The Board of Megachem announced the demise of Dr Patrick Pui Hang Yeung, an independent director. Read ››

Singapore's April manufacturing output dropped 2.7%

194 reads

That's excluding biomedical manufacturing. According to a release by the Department of Statistics, on a year-on-year basis, Singapore’s manufacturing output increased 4.7% in April 2013. Read ››

Ho Kang Peng parts ways with Plastoform Holdings

78 reads

His busy work schedule and personal commitment prompted him to resign his post. Read ››

Two Jubilee Industries Holdings directors resign

78 reads

Daniel Chee Kum Wah steps down to pursue change of work environment, while Ng Wee Tong to pursue personal interest. Read ››

Wong Shing Mun steps down as Foreland Fabrictech Holdings CFO

109 reads

He was also the company's assistant company secretary. The Board of Foreland Fabrictech Holdings announced the appointment of Wong Shing Mun as chief financial officer and assistant company secretary to pursue other career opportunities. Read ››

China Print Power Group appoints Tsui Kan Chun as CFO

106 reads

He will also act as joint company secretary. The Board of China Print Power Group announced the appointment of Tsui Kan Chun as chief financial officer. Read ››

Weng Wenju resigns as Great Group Holdings executive director and procurement manager

80 reads

He stepped down from his post to pursue other opportunities. Read ››

Ang Siew Tiong parts ways with Ocean Sky International

134 reads

His stepping down as executive director, senior VP and country GM, Cambodia is due to the divestment of the group's apparel business. Read ››

Great Group Holdings names Cai Ane as group general manager

101 reads

The Group also appointed Jason Zhou Zhenjie as China GM. Read ››

2 big reasons behind VARD's 30% profit crash

230 reads

But it is positive about its order book. According to OCBC, VARD Holdings’ 1Q revenue and net profit declined by 2% and 30% YoY to NOK2.7b and NOK188m respectively, largely due to (i) the completion of several high-margin jobs last year, and (ii) operational challenges in the Niteroi yard in Brazil.  Although 1Q results were lower than ours and consensus estimates, we now see positive developments that we believe would herald an earnings recovery in FY14F. Read ››

Wong Gang retires as Fujian Zhenyun Plastic Industry director

90 reads

His retirement is based on the company's Articles of Association, which stipulates that the term for independent directors shall not exceed six years. Read ››

New Toyo International Holdings names Ronnie Teo Heng Hock as director

124 reads

He will also be chairman of the Audit Committee and a member of the Remuneration and Nominating Committees. Read ››

Sincap Group appoints Ng Hong Whee as CEO and executive director

92 reads

He will replace Fu Hao, who steps down in accordance with the group's management succession plan. Read ››

AusGroup's AUS215m order book disappoints analyst

418 reads

It's less than 2 quarters' work. According to OSK DMG, AusGroup reported a disappointing 3QFY13 results with a breakeven performance and a deteriorating order book.  Revenue fell 8% q-o-q and 24% y-o-y, while the EBITDA margin shrank to 4.3% from 8.1% in 2Q13. Read ››

Fujian Zhenyun Plastic Industry appoints Steve Kek Sin Shen as director

103 reads

He was also chairman of Nominating and Remuneration Committees and a member of Audit Committee. Read ››