Corporate Filings – 04 March 13

* China Minzhong (MINZ.sp): INDF.ij raised stake to 29.33% via purchase of 94.24m shares, confirming to be the block buyer of GIC’s block.

* China Minzhong (MINZ.sp): CMIA ceases to be substantial shareholder, having stakes diluted to 4.88% after recent placement to INDF.ij. Templeton’s stake has been diluted to 11.1% too.

* Chip Eng Seng (CHIP.sp): Tan Yong keng raised stake to 8% via purchase of 6m shares

* OSIM (OSIM.sp): Ron Sim raised stake to 70.47% after buying 200k shares

* Sembcorp Ind (SCI.sp): repurchased 500k shares @ $5.2399

* Sembmarine (SMM.sp): repurchased 400k shares @ $4.50

* Hobee (HOBEE.sp): repurchased 725k shares @ $1.9132

* Delmonte (DELM.sp):repurchased 2104k shares @ $0.8903

Broker’s commentary on China Minzhong

94m shrs crossing @ 1.12 seen, this shld be the tranche sold out by GIC.

Market is likely speculating that the buyer could be Indofood Sukses (INDF IJ).

Indofood Sukses (INDF IJ) recently acq. a 14.98% stake in MINZ SP @ $0.915/shr.

Based on analysts comments, INDF’s track record is preference for majority
control, and cld be looking to add more.

If Indofood is indeed the buyer, they cld end up with 29.36% stake, which is
just a thread away frm triggering a GO. (Analysts are also not ruling out an
eventual privatisation in the future)

MINZ SP is trading @ 4.57x PE according to Bloomberg.

(Note: INDF IJ only got a 14.98% stake possibly due to an SGX rule that, an EGM
needs to be held before any entity buys >15% of a co.’s shrs in the 1st block.)

China Minzhong – GIC’s tetrad fully diversified stake away

stock requote + 2%…

Tetrad VenturTetrad Ventures Pte Ltd -> 100% subsidiary of GIC..

Buyer could be related to Indofood??

Local News by broker – 18 Feb 13

* China Minzhong (MINZ) announced that Indofood Sukses (INDF IJ) has acquired a 15% stake in their company. Indofood Sukses will acquire 98m new shares in China Minzhong at SGD0.915 per share (rep 10.3% discount to last close). China Minzhong indicated in their announcement that the transaction was for strategic purposes and to establish a strategic alliance between the two companies. China Minzhong believes there are opportunities for the two companies to leverage off each other’s distribution network and product
offerings. Of the net proceeds of SGD85m, China Minzhong will use SGD70m for xpanding their farming operations and the remaining for general working capital.

* Singapore Airlines (SIA) Jan. passenger load factor 78.3% vs 77%; Jan.
overall load factor 68% vs 65.5%

* Singapore Technologies Engineering (STE) FY net S$576.2m (est S$570m) vs
S$527.5m; FY rev S$6.38b vs S$5.99b

* Thai Beverage (THBEV) Said board approved increase in maximum value of bills of exchange it can sell to 18b baht from 10b baht; co. sought increase in issuance amount to expand sources of working capital and promote competitiveness in cost of funds