Thursday, October 10, 2013

Company announcements: Swiber, BanyanTree, ARA, CDW, Jaya Hldg

Swiber - CHANGE OF REGISTERED ADDRESS

Announcement Type: CHANGE OF REGISTERED ADDRESS
Company: SWIBER HOLDINGS LIMITED
Stock Code/Name: AK3 - Swiber

CHANGE OF REGISTERED ADDRESS
* Asterisks denote mandatory information
Name of Announcer * SWIBER HOLDINGS LIMITED  
Company Registration No. 200414721N  
Announcement submitted on behalf of SWIBER HOLDINGS LIMITED  
Announcement is submitted with respect to * SWIBER HOLDINGS LIMITED  
Announcement is submitted by * Raymond Kim Goh  
Designation * Executive Chairman  
Date & Time of Broadcast 10-Oct-2013 17:12:21  
Announcement No. 00050  
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Details *
The Board of Directors of Swiber Holdings Limited (the “Company”) wishes to announce that, with effect from 10 October 2013, the address of the registered office of the Company has been changed to:


12 International Business Park
Swiber@IBP #01-05
Singapore 609920



By Order of the Board

Raymond Kim Goh
Executive Chairman

10 October 2013
 


BanyanTree - MISCELLANEOUS :: UPDATE ON DISPUTE REGARDING MEYDAN MANAGEMENT AGREEMENTS

Announcement Type: MISCELLANEOUS
Company: BANYAN TREE HOLDINGS LIMITED
Stock Code/Name: B58 - BanyanTree

MISCELLANEOUS
* Asterisks denote mandatory information
Name of Announcer * BANYAN TREE HOLDINGS LIMITED  
Company Registration No. 200003108H  
Announcement submitted on behalf of BANYAN TREE HOLDINGS LIMITED  
Announcement is submitted with respect to * BANYAN TREE HOLDINGS LIMITED  
Announcement is submitted by * Jane Teah  
Designation * Company Secretary  
Date & Time of Broadcast 10-Oct-2013 17:11:17  
Announcement No. 00048  
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Announcement Title * UPDATE ON DISPUTE REGARDING MEYDAN MANAGEMENT AGREEMENTS  
Description
Banyan Tree Holdings Limited (the “Company”) refers to the announcements released on 14 November 2009 and 11 February 2010 relating to the notices of dispute and subsequent arbitration proceedings under the rules of the Dubai International Arbitration Centre ("DIAC") initiated by its wholly-owned subsidiary, Banyan Tree Corporate Pte. Ltd. (formerly known as Banyan Tree Hotels & Resorts Pte. Ltd.) (“BTC”) against Meydan Group LLC (formerly known as Meydan LLC) (“Meydan Group”) and Meydan City Corporation, for various breaches of the Hotel Management Agreement for The Meydan (“HMA”), as well as in respect of the Villa Management Agreement for Banyan Tree Meydan which was subsequently settled.

The Company is pleased to announce that the Arbitral Tribunal has issued an award in favour of BTC in relation to its claim for the wrongful termination of the HMA. The Arbitral Tribunal found inter alia that the HMA had indeed been wrongfully terminated, and that Meydan Group was liable for the wrongful termination, to the sum of USD 19,163,012 (approximately SGD 24,049,580) as compensatory damages, plus interest at 3% p.a. until fully paid. In addition, BTC was also awarded SGD 49,530.18 as reimbursement of expenses pursuant to the HMA, plus interest at 3% p.a. until fully paid, and as BTC prevailed in most of its arguments, Meydan Group was ordered to bear the entirety of the administrative and Arbitral Tribunal costs of the arbitration, in the sum of AED 644,000 (approximately SGD 219,797). No award was made as to legal costs as the Arbitral Tribunal considered that these were not recoverable under UAE law and the DIAC Rules.

The Arbitral Tribunal’s award is binding on Meydan Group.

Separately, Meydan Group has commenced three lawsuits in the Dubai Courts against: (1) Banyan Tree Hotels & Resorts Pte. Ltd. ("BTHR"); (2) DIAC and its Executive Committee; and (3) the Arbitral Tribunal, based on an assertion that the arbitration has expired.

The lawsuit against BTHR seeks a declaration that the arbitration has expired and damages for alleged breaches of the HMA. In connection with the former, the DIAC has confirmed the validity of the arbitration proceedings and that the arbitration has not expired. The claim for damages is similar to a counterclaim that was pursued by Meydan Group in the arbitration proceedings, which it subsequently abandoned. The lawsuit is currently before the Conciliation Committee of the Dubai Courts.

The Company will issue further announcement(s) in the event that there are any material developments in the matter.
 
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ARA - FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT

Announcement Type: FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT
Company: ARA ASSET MANAGEMENT LIMITED
Stock Code/Name: D1R - ARA

DATE OF RELEASE OF FINANCIAL RESULTS FOR THE QUARTER ENDED 30 SEPTEMBER 2013 * FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT
* Asterisks denote mandatory information
Name of Announcer * ARA ASSET MANAGEMENT LIMITED  
Company Registration No. 32276  
Announcement submitted on behalf of ARA ASSET MANAGEMENT LIMITED  
Announcement is submitted with respect to * ARA ASSET MANAGEMENT LIMITED  
Announcement is submitted by * Lim Hwee Chiang  
Designation * Director  
Date & Time of Broadcast 10-Oct-2013 17:13:16  
Announcement No. 00051  
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For the Financial Period Ended * 30-09-2013  
DescriptionPlease see attached.  
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CDW - MISCELLANEOUS :: ANNOUNCEMENT PURSUANT TO LISTING RULE 704(11) OF THE LISTING MANUAL

Announcement Type: MISCELLANEOUS
Company: CDW HOLDING LIMITED
Stock Code/Name: D38 - CDW

MISCELLANEOUS
* Asterisks denote mandatory information
Name of Announcer * CDW HOLDING LIMITED  
Company Registration No. 35127  
Announcement submitted on behalf of CDW HOLDING LIMITED  
Announcement is submitted with respect to * CDW HOLDING LIMITED  
Announcement is submitted by * Tan San-Ju  
Designation * Company Secretary  
Date & Time of Broadcast 10-Oct-2013 17:07:25  
Announcement No. 00045  
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Announcement Title * ANNOUNCEMENT PURSUANT TO LISTING RULE 704(11) OF THE LISTING MANUAL  
Description
Pursuant to Listing Rule 704(11) of the Listing Manual of the Singapore Exchange Securities Trading Limited, the Board of Directors of CDW Holding Limited (the "Company" and together with its subsidiaries, the "Group") wishes to announce that the legal representative of Tomoike Electronics (Shanghai) Co., Limited ("STD"), one of the Group's wholly-owned subsidiaries in the People's Republic of China ("PRC"), has been changed from Mr. YOSHIMI Kunikazu to Mr. YOSHIMI Koichi. Registration of Mr. YOSHIMI Koichi's appointment with the relevant PRC authorities has been completed and the Company has received the updated business licence.

Mr. YOSHIMI Koichi is formally STD's new legal representative following the receipt of the updated business licence.

By Order of the Board

Tan San-Ju
Company Secretary

10 October 2013  
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Jaya Hldg - DISCLOSURE OF INTEREST/CHANGES IN INTEREST OF SUBSTANTIAL SHAREHOLDER(S)/UNITHOLDER(S)

Announcement Type: DISCLOSURE OF INTEREST/CHANGES IN INTEREST
Company: JAYA HOLDINGS LTD
Stock Code/Name: J10 - Jaya Hldg

DISCLOSURE OF INTEREST/CHANGES IN INTEREST OF SUBSTANTIAL SHAREHOLDER(S)/UNITHOLDER(S)
* Asterisks denote mandatory information
Name of Announcer * JAYA HOLDINGS LTD  
Company Registration No. 199002391E  
Announcement submitted on behalf of JAYA HOLDINGS LTD  
Announcement is submitted with respect to * JAYA HOLDINGS LTD  
Announcement is submitted by * Caroline Yeo  
Designation * Company Secretary  
Date & Time of Broadcast 10-Oct-2013 17:06:09  
Announcement No. 00043  
>> ANNOUNCEMENT DETAILS
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Person(s) giving notice * Substantial Shareholder(s)/Unitholder(s) (Form 3)  
Date of receipt of notice by Listed Issuer * 09-10-2013  
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