Acromec Ltd *Official* (SGX: 43F)

[guards80]

Acromec warns of further losses for FY2017


ACROMEC Limited flagged on Wednesday that it is expected to incur further losses in fiscal 2017, following the reported losses for the half year ended March 31.

This was mainly attributable to cost overruns on the group' s major projects, it said.

The group is finalising the results for fiscal 2017. Further details of its financial performance will be disclosed when it announces its unaudited financial results for fiscal 2017 on or before Nov 29.

http://businesstimes.com.sg/companies-markets/acromec-warns-of-further-losses-for-fy2017

 

[glorious94]

buy & sell price gap

Sent from moi brain using GAGT

 

[guards80]

today off day?

 

[Jupiter2017]

http://www.businesstimes.com.sg/com...ices-firm-acromec-bags-2-contracts-worth-s66m
Engineering services firm Acromec bags 2 contracts worth S$6.6m
FRI, DEC 22, 2017 - 8:07 AM WONG KAI YI kaiyiw@sph.com.sg

ACROMEC has secured two contracts worth S$6.6 million, which the group says will help grow its order book to around S$28 million.
The first contract is for the fitting-out of a pharmaceutical and speciality chemicals company's research laboratory. The lab is housed in the company's research and development hub, and Acromec expects the project to begin in the first quarter of 2018 and complete by the third quarter.
The second contract is for an extensive upgrade of the air-conditioning mechanical ventilation and air handling unit systems of a research laboratory for a customer in the life sciences sector.
Acromec says the upgrade will reduce the laboratory's energy consumption and increase precision of air quality control. The project will begin in the second quarter of the 2018 financial year, and is expected to finish by fourth quarter 2018.
Acromec is an engineering services provider specialising in the construction of controlled environments.
Its executive chairman and managing director, Lim Say Chin, said that the projects validate the group's "strategy to prioritise and allocate a greater proportion of our resources, including manpower and business development, to enlarge our footprint in these fast-growing sectors with high barriers to entry for competitors".
The group expects the projects to contribute positively to the earnings per share and net tangible assets per share for the 2018 financial year.

Price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=43F.SI

 

[guards80]

Dead fish rebound not bad

 

[guards80]

SO STRONG TODAY>???

 

[Jupiter2017]

http://www.businesstimes.com.sg/com...-share-placement-to-pay-s96000-introducer-fee
Acromec plans S$3.84m share placement, to pay S$96,000 'introducer fee'
Wed, Jan 24, 2018 - 8:29 AM UPDATED Wed, Jan 24, 2018 - 9:26 AM Jamie Lee leejamie@sph.com.sg

ACROMEC Limited - which designs laboratories and sterile facilities - on Wednesday said the company plans to place S$3.84 million worth of new shares to a group of investors, including one linked to a Catalist listing.
The company will also pay S$96,000 in "introducer fee" to TSS Capital, an investment holding and consultancy firm, which had introduced these investors to the company.
Acromec plans to sell 16 million new shares at S$0.24 apiece, representing 13.05 per cent of the current share capital. The share placement is not underwritten.
The issue price translates to a 3.9 per cent discount to the volume weighted average price trades done on Tuesday, the day the agreements were signed.
The group of investors include CWX Investments Pte Ltd, a subsidiary of CWX Global Limited, a company listed on the Catalist board.
CWX Global, now an investment firm, is formerly known as Loyz Energy. One of the group's current investments is a stake in the Thailand onshore oil concessions located at Phetchabun Basin, its website showed.
Part of the new shares will also be alloted to a Tan Peng Yaow, an individual investor who is a director and shareholder of Bio-Pointe Pte Ltd, a supplier to the company.
The shares are being issued under a share issue mandate approved by shareholders at the company's annual general meeting in 2017.

price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=43F.SI

 

[Jupiter2017]

http://www.businesstimes.com.sg/com...-energy-resources-to-explore-renewable-energy
Acromec signs MOU with Green Energy Resources to explore renewable energy opportunities
Thu, Feb 01, 2018 - 8:17 PM Wong Kai Yi kaiyiw@sph.com.sg

CATALIST-listed engineering company Acromec announced that it has signed a memorandum of understanding (MOU) with Malaysian alternative energy specialist Green Energy Resources (GER) to explore opportunities in renewable energy.
In a statement, Acromec said that both companies will contribute manpower and other resources to explore opportunities in projects pertaining to the generation of electricity using sustainable feedstock, without elaborating.
The agreement also covers cooperation between the two firms on build-own-operate (BOO) energy projects.
According to a media statement, Acromec will contribute its expertise in controlled environments engineering, and GER will contribute its expertise in green technologies.
The two will potentially collaborate to build renewable energy plants on a BOO basis, Acromec said.
The MOU is valid for six months, subject to further extension by mutual agreement, and precludes either company from entering into any discussion or negotiation with third parties "concerning or relating to the development of the opportunities to undertake renewable energy projects".
Lim Say Chin, Acromec's executive chairman and managing director, said: "Acromec and GER see growing opportunities in the renewable energy segment. Acromec's possible entry into this space builds on our existing niche expertise to potentially create an additional stream of income."
Acromec closed on Thursday at 26.5 Singapore cents, up one Singapore cent or 3.92 per cent.

price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=43F.SI

 

[Bumblebee Man]

Anyone still vested in this?

 

[lbcben]

20 lot at $0.59...don dare to see anymore

 

[Shion]

Acromec secures $5.6 mil contract for biotechnology research and development sector

Acromec secures $5.6 mil contract for biotechnology research and development sector

https://www.theedgesingapore.com/ne...biotechnology-research-and-development-sector

SINGAPORE (Apr 28): Acromec, a specialist engineering service provider that serves the healthcare, biomedical, pharmaceutical, research and academia sectors, has secured a sub-contract worth $5.6 million for a client in the biotechnology research and development sector.

The contract will be to fit out for the client’s state-of-the-art production suites and distribution centres for gene expression solutions, including the production of test kits for distribution across Asia.

Acromec expects this contract to contribute positively to its earnings per share and net tangible assets per share for the current financial year ending on September 30. This contract is expected to be completed in the same month.

As at 1.10pm, Acromec shares remain flat at 5.1 cents.