Archive for April 28th, 2008
Posted by luxuryasiahome on April 28, 2008
Property developer CapitaLand has completed the compulsory acquisition of the Ascott Group, a serviced-apartments operator.
From 28 April, Ascott becomes an indirect wholly-owned subsidiary of the company.
It will be delisted from the Singapore Exchange with effect from 29 April.
CapitaLand said the privatised Ascott will enhance the company’s competitive advantage of having a fully integrated real estate and financial services value chain across sectors.
It will also increase cost savings through greater sharing of services and resources with CapitaLand’s other unlisted business units. – CNA/vm
Source : Channel NewsAsia – 28 Apr 2008
Posted in Developer News, General, Service Apartment | Tagged: Ascott Group, Capitaland, Developers, Service Apartments | Leave a Comment »
Posted by luxuryasiahome on April 28, 2008
Hong Leong Asia’s shares closed 1.9 percent higher at S$2.65 on Monday after the company agreed to sell its building materials business to Malaysian cement maker Tasek Corp for S$323.5m in an all-share deal.
Tasek said in a filing to the Kuala Lumpur Stock Exchange that it will issue 212.2 million shares at S$1.52 each to pay for the business.
It also proposed to return to shareholders a special net interim dividend of 54 sen per share.
On completion of the deal, Hong Leong Asia will control 68.3 percent of Tasek’s enlarged share capital.
Tasek said the enlarged entity will enjoy greater synergies, maximise operational efficiency and cost savings, and give Hong Leong Asia exposure to Malaysia’s infrastructure developments, including the Iskandar Malaysia project in Johor.
It said Hong Leong Asia will apply to Malaysian regulators for a waiver from making an offer for the remaining shares it does not own.
Tasek shares closed at 4.06 ringgit prior to suspension last week.
Source : Channel NewsAsia – 28 Apr 2008
Posted in Construction, General | Tagged: Building Material Suppliers, Hong Leong Asia, Tasek Corp | Leave a Comment »
Posted by luxuryasiahome on April 28, 2008
A 30-year-old Malaysian worker died in an industrial accident on Pulau Ular, south of Singapore, on Saturday.
The accident occurred at the Shell Eastern Petroleum’s construction site for a petrochemical cracker which is part of a refinery.
Police said they received a call at 11am on Saturday. On arrival, they found the body of the worker from Sarawak on the ground near a boom lift.
The worker was earlier pronounced dead at the scene by an on-site doctor. The police are investigating the unnatural death.
In a statement, Shell said the company is deeply saddened to learn of the fatal accident.
All activities at the construction site have been temporarily suspended to focus on investigations, but the company plans to resume construction work on Monday.
Shell added that the incident does not impact operations at its Pulau Bukom refinery. Stressing that safety remains the company’s top priority, it said it will continue to remind staff and contractors on the importance of working safely.
In 2005, a technician died after suffering serious chemical burns at Shell’s premises on Pulau Bukom.
Following investigations, Shell Eastern Petroleum was fined S$25,000 in 2007 for failing to implement safe work procedures under the Factories Act. – CNA/de
Source : Channel NewsAsia – 28 Apr 2008
Posted in Construction, General | Tagged: Construction, Construction Accidents, Pulau Ular, Shell Eastern Petroleum | 1 Comment »
Posted by luxuryasiahome on April 28, 2008
A 30-year-old Malaysian worker died in an industrial accident on Pulau Ular, south of Singapore, on Saturday.
The accident occurred at the Shell Eastern Petroleum’s construction site for a petrochemical cracker which is part of a refinery.
Police said they received a call at 11am on Saturday. On arrival, they found the body of the worker from Sarawak on the ground near a boom lift.
The worker was earlier pronounced dead at the scene by an on-site doctor. The police are investigating the unnatural death.
In a statement, Shell said the company is deeply saddened to learn of the fatal accident.
All activities at the construction site have been temporarily suspended to focus on investigations, but the company plans to resume construction work on Monday.
Shell added that the incident does not impact operations at its Pulau Bukom refinery. Stressing that safety remains the company’s top priority, it said it will continue to remind staff and contractors on the importance of working safely.
In 2005, a technician died after suffering serious chemical burns at Shell’s premises on Pulau Bukom.
Following investigations, Shell Eastern Petroleum was fined S$25,000 in 2007 for failing to implement safe work procedures under the Factories Act. – CNA/de
Source : Channel NewsAsia – 28 Apr 2008
Posted in Construction, General | Tagged: Construction, Construction Accidents, Pulau Ular, Shell Eastern Petroleum | 1 Comment »
Posted by luxuryasiahome on April 28, 2008
A 30-year-old Malaysian worker died in an industrial accident on Pulau Ular, south of Singapore, on Saturday.
The accident occurred at the Shell Eastern Petroleum’s construction site for a petrochemical cracker which is part of a refinery.
Police said they received a call at 11am on Saturday. On arrival, they found the body of the worker from Sarawak on the ground near a boom lift.
The worker was earlier pronounced dead at the scene by an on-site doctor. The police are investigating the unnatural death.
In a statement, Shell said the company is deeply saddened to learn of the fatal accident.
All activities at the construction site have been temporarily suspended to focus on investigations, but the company plans to resume construction work on Monday.
Shell added that the incident does not impact operations at its Pulau Bukom refinery. Stressing that safety remains the company’s top priority, it said it will continue to remind staff and contractors on the importance of working safely.
In 2005, a technician died after suffering serious chemical burns at Shell’s premises on Pulau Bukom.
Following investigations, Shell Eastern Petroleum was fined S$25,000 in 2007 for failing to implement safe work procedures under the Factories Act. – CNA/de
Source : Channel NewsAsia – 28 Apr 2008
Posted in Construction, General | Tagged: Construction, Construction Accidents, Pulau Ular, Shell Eastern Petroleum | Leave a Comment »
Posted by luxuryasiahome on April 28, 2008
A 30-year-old Malaysian worker died in an industrial accident on Pulau Ular, south of Singapore, on Saturday.
The accident occurred at the Shell Eastern Petroleum’s construction site for a petrochemical cracker which is part of a refinery.
Police said they received a call at 11am on Saturday. On arrival, they found the body of the worker from Sarawak on the ground near a boom lift.
The worker was earlier pronounced dead at the scene by an on-site doctor. The police are investigating the unnatural death.
In a statement, Shell said the company is deeply saddened to learn of the fatal accident.
All activities at the construction site have been temporarily suspended to focus on investigations, but the company plans to resume construction work on Monday.
Shell added that the incident does not impact operations at its Pulau Bukom refinery. Stressing that safety remains the company’s top priority, it said it will continue to remind staff and contractors on the importance of working safely.
In 2005, a technician died after suffering serious chemical burns at Shell’s premises on Pulau Bukom.
Following investigations, Shell Eastern Petroleum was fined S$25,000 in 2007 for failing to implement safe work procedures under the Factories Act. – CNA/de
Source : Channel NewsAsia – 28 Apr 2008
Posted in Construction, General | Tagged: Construction, Construction Accidents, Pulau Ular, Shell Eastern Petroleum | 1 Comment »
Posted by luxuryasiahome on April 28, 2008
A 30-year-old Malaysian worker died in an industrial accident on Pulau Ular, south of Singapore, on Saturday.
The accident occurred at the Shell Eastern Petroleum’s construction site for a petrochemical cracker which is part of a refinery.
Police said they received a call at 11am on Saturday. On arrival, they found the body of the worker from Sarawak on the ground near a boom lift.
The worker was earlier pronounced dead at the scene by an on-site doctor. The police are investigating the unnatural death.
In a statement, Shell said the company is deeply saddened to learn of the fatal accident.
All activities at the construction site have been temporarily suspended to focus on investigations, but the company plans to resume construction work on Monday.
Shell added that the incident does not impact operations at its Pulau Bukom refinery. Stressing that safety remains the company’s top priority, it said it will continue to remind staff and contractors on the importance of working safely.
In 2005, a technician died after suffering serious chemical burns at Shell’s premises on Pulau Bukom.
Following investigations, Shell Eastern Petroleum was fined S$25,000 in 2007 for failing to implement safe work procedures under the Factories Act. – CNA/de
Source : Channel NewsAsia – 28 Apr 2008
Posted in Construction, General | Tagged: Construction, Construction Accidents, Pulau Ular, Shell Eastern Petroleum | 1 Comment »
Posted by luxuryasiahome on April 28, 2008
A 30-year-old Malaysian worker died in an industrial accident on Pulau Ular, south of Singapore, on Saturday.
The accident occurred at the Shell Eastern Petroleum’s construction site for a petrochemical cracker which is part of a refinery.
Police said they received a call at 11am on Saturday. On arrival, they found the body of the worker from Sarawak on the ground near a boom lift.
The worker was earlier pronounced dead at the scene by an on-site doctor. The police are investigating the unnatural death.
In a statement, Shell said the company is deeply saddened to learn of the fatal accident.
All activities at the construction site have been temporarily suspended to focus on investigations, but the company plans to resume construction work on Monday.
Shell added that the incident does not impact operations at its Pulau Bukom refinery. Stressing that safety remains the company’s top priority, it said it will continue to remind staff and contractors on the importance of working safely.
In 2005, a technician died after suffering serious chemical burns at Shell’s premises on Pulau Bukom.
Following investigations, Shell Eastern Petroleum was fined S$25,000 in 2007 for failing to implement safe work procedures under the Factories Act. – CNA/de
Source : Channel NewsAsia – 28 Apr 2008
Posted in Construction, General | Tagged: Construction, Construction Accidents, Pulau Ular, Shell Eastern Petroleum | 1 Comment »
Posted by luxuryasiahome on April 28, 2008
A 30-year-old Malaysian worker died in an industrial accident on Pulau Ular, south of Singapore, on Saturday.
The accident occurred at the Shell Eastern Petroleum’s construction site for a petrochemical cracker which is part of a refinery.
Police said they received a call at 11am on Saturday. On arrival, they found the body of the worker from Sarawak on the ground near a boom lift.
The worker was earlier pronounced dead at the scene by an on-site doctor. The police are investigating the unnatural death.
In a statement, Shell said the company is deeply saddened to learn of the fatal accident.
All activities at the construction site have been temporarily suspended to focus on investigations, but the company plans to resume construction work on Monday.
Shell added that the incident does not impact operations at its Pulau Bukom refinery. Stressing that safety remains the company’s top priority, it said it will continue to remind staff and contractors on the importance of working safely.
In 2005, a technician died after suffering serious chemical burns at Shell’s premises on Pulau Bukom.
Following investigations, Shell Eastern Petroleum was fined S$25,000 in 2007 for failing to implement safe work procedures under the Factories Act. – CNA/de
Source : Channel NewsAsia – 28 Apr 2008
Posted in Construction, General | Tagged: Construction, Construction Accidents, Pulau Ular, Shell Eastern Petroleum | 1 Comment »
Posted by luxuryasiahome on April 28, 2008
A 30-year-old Malaysian worker died in an industrial accident on Pulau Ular, south of Singapore, on Saturday.
The accident occurred at the Shell Eastern Petroleum’s construction site for a petrochemical cracker which is part of a refinery.
Police said they received a call at 11am on Saturday. On arrival, they found the body of the worker from Sarawak on the ground near a boom lift.
The worker was earlier pronounced dead at the scene by an on-site doctor. The police are investigating the unnatural death.
In a statement, Shell said the company is deeply saddened to learn of the fatal accident.
All activities at the construction site have been temporarily suspended to focus on investigations, but the company plans to resume construction work on Monday.
Shell added that the incident does not impact operations at its Pulau Bukom refinery. Stressing that safety remains the company’s top priority, it said it will continue to remind staff and contractors on the importance of working safely.
In 2005, a technician died after suffering serious chemical burns at Shell’s premises on Pulau Bukom.
Following investigations, Shell Eastern Petroleum was fined S$25,000 in 2007 for failing to implement safe work procedures under the Factories Act. – CNA/de
Source : Channel NewsAsia – 28 Apr 2008
Posted in Construction, General | Tagged: Construction, Construction Accidents, Pulau Ular, Shell Eastern Petroleum | Leave a Comment »
