Had a strawberry Shortcake.
- Pic from Internet
- wong chee tat :)
Thursday 16 November 2017
Japanese restaurateur RE&S launches IPO at 22 cents a share, starts trading Nov 22
Japanese restaurateur RE&S launches IPO at 22 cents a share, starts trading Nov 22
WED, NOV 15, 2017 - 12:46 PM
ANDREA SOHsandrea@sph.com.sg@AndreaSohBT
Japanese restaurant group RE&S Holdings has priced its initial public offering of 38 million shares at 22 Singapore cents a share.
RE&S is offering 38 million shares, with 35 million shares being placed and three million shares for public subscription.
The offer price represents 11.6 times its earnings per share of 1.9 cents in the 2017 financial year, which ended on June 30.
Heliconia Capital Management, a wholly-owned subsidiary of Temasek Holdings, has agreed to subscribe for 16 million cornerstone shares at this price, through Orchid 2 Investments, a vehicle it manages and controls.
RE&S is expecting to raise S$11.9 million in gross proceeds. It has earmarked S$7.0 million for expansion through new outlets and strategic investments; S$2.0 million for refurbishment and improvement of existing outlets; S$1.4 million for general working capital; and the rest for listing-related expenses.
SEE ALSO: RE&S Holdings launches IPO, aims to raise more than S$10m
The offer will open at 9pm on Wednesday night, and close at noon on Nov 20. Trading of its shares will begin at 9am on Nov 22.
Buy?
- wong chee tat :)
WED, NOV 15, 2017 - 12:46 PM
ANDREA SOHsandrea@sph.com.sg@AndreaSohBT
Japanese restaurant group RE&S Holdings has priced its initial public offering of 38 million shares at 22 Singapore cents a share.
RE&S is offering 38 million shares, with 35 million shares being placed and three million shares for public subscription.
The offer price represents 11.6 times its earnings per share of 1.9 cents in the 2017 financial year, which ended on June 30.
Heliconia Capital Management, a wholly-owned subsidiary of Temasek Holdings, has agreed to subscribe for 16 million cornerstone shares at this price, through Orchid 2 Investments, a vehicle it manages and controls.
RE&S is expecting to raise S$11.9 million in gross proceeds. It has earmarked S$7.0 million for expansion through new outlets and strategic investments; S$2.0 million for refurbishment and improvement of existing outlets; S$1.4 million for general working capital; and the rest for listing-related expenses.
SEE ALSO: RE&S Holdings launches IPO, aims to raise more than S$10m
The offer will open at 9pm on Wednesday night, and close at noon on Nov 20. Trading of its shares will begin at 9am on Nov 22.
Buy?
- wong chee tat :)
Smoke detectors to be made compulsory for new homes from June 2018
Smoke detectors to be made compulsory for new homes from June 2018
By Rachelle Lee
16 Nov 2017 12:35PM (Updated: 16 Nov 2017 01:44PM)
SINGAPORE: Starting June next year, it will be mandatory for all new homes to be installed with smoke detectors, also known as Home Fire Alarm Devices (HFADs).
Existing homes which undergo fire safety works will also be required to install them, Mrs Josephine Teo, Second Minister for Home Affairs announced on Thursday (Nov 16) at the Fire Safety Asia Conference Singapore 2017.
The Government said at a Parliament sitting last October that it was considering making the installation of such alarms in homes mandatory.
The HFADs provide occupants with an early warning so that they can extinguish the fire or evacuate, according to the Singapore Civil Defence Force (SCDF).
The requirement for HFADs will apply to building plans submitted after Jun 1, 2018.
The number of smoke detectors required will depend on the size and layout of a residential unit. This will be specified in the updated Fire Code, which will be released next year.
For new residential projects, the cost of installing the detectors will be borne by developers. For existing homes, the cost will be borne by the owners.
According to SCDF, these devices cost around S$50 to S$80 each, excluding installation costs.
The Government will install the smoke detectors in Housing and Development Board (HDB) rental flats, at no additional cost to the tenants. More than 50,000 rental households will be covered, and the installation is expected to be completed by 2021.
HDB will also install the smoke detectors in many of its ongoing public housing projects even though these already have building plans submitted before the slated date.
Currently, the Fire Code requires multi-storey buildings that provide accommodation, such as hospitals and hotels, to be installed with automatic fire alarm devices, while public and private residential premises are exempted from this requirement.
Mrs Teo also announced that under new requirements in the updated Fire Code, large unmanned premises such as warehouses will require a video image fire detection system to enhance fire surveillance of non-residential buildings.
"The system uses video analytics and advanced image processing to detect incipient smoke or fires. It will thus complement existing fire alarm systems which have smoke and heat detectors," said Mrs Teo.
"With video imaging, building owners will be able to quickly ascertain the presence and extent of the fire and activate the appropriate response plans. False alarms can also be easily verified," she added.
Source: CNA/ms
Read more at http://www.channelnewsasia.com/news/singapore/smoke-detectors-to-be-made-compulsory-for-new-homes-from-june-9411736
smoke detectors!
- wong chee tat :)
By Rachelle Lee
16 Nov 2017 12:35PM (Updated: 16 Nov 2017 01:44PM)
SINGAPORE: Starting June next year, it will be mandatory for all new homes to be installed with smoke detectors, also known as Home Fire Alarm Devices (HFADs).
Existing homes which undergo fire safety works will also be required to install them, Mrs Josephine Teo, Second Minister for Home Affairs announced on Thursday (Nov 16) at the Fire Safety Asia Conference Singapore 2017.
The Government said at a Parliament sitting last October that it was considering making the installation of such alarms in homes mandatory.
The HFADs provide occupants with an early warning so that they can extinguish the fire or evacuate, according to the Singapore Civil Defence Force (SCDF).
The requirement for HFADs will apply to building plans submitted after Jun 1, 2018.
The number of smoke detectors required will depend on the size and layout of a residential unit. This will be specified in the updated Fire Code, which will be released next year.
For new residential projects, the cost of installing the detectors will be borne by developers. For existing homes, the cost will be borne by the owners.
According to SCDF, these devices cost around S$50 to S$80 each, excluding installation costs.
The Government will install the smoke detectors in Housing and Development Board (HDB) rental flats, at no additional cost to the tenants. More than 50,000 rental households will be covered, and the installation is expected to be completed by 2021.
HDB will also install the smoke detectors in many of its ongoing public housing projects even though these already have building plans submitted before the slated date.
Currently, the Fire Code requires multi-storey buildings that provide accommodation, such as hospitals and hotels, to be installed with automatic fire alarm devices, while public and private residential premises are exempted from this requirement.
Mrs Teo also announced that under new requirements in the updated Fire Code, large unmanned premises such as warehouses will require a video image fire detection system to enhance fire surveillance of non-residential buildings.
"The system uses video analytics and advanced image processing to detect incipient smoke or fires. It will thus complement existing fire alarm systems which have smoke and heat detectors," said Mrs Teo.
"With video imaging, building owners will be able to quickly ascertain the presence and extent of the fire and activate the appropriate response plans. False alarms can also be easily verified," she added.
Source: CNA/ms
Read more at http://www.channelnewsasia.com/news/singapore/smoke-detectors-to-be-made-compulsory-for-new-homes-from-june-9411736
smoke detectors!
- wong chee tat :)
8,230 homes launched in November BTO and SBF exercise
8,230 homes launched in November BTO and SBF exercise
14 Nov 2017 11:05AM (Updated: 14 Nov 2017 11:24AM)
SINGAPORE: A total of 8,230 flats were put up for sale by the Housing and Development Board (HDB) on Tuesday (Nov 14) in its November sales exercise.
Under the Build-To-Order (BTO) exercise, 4,829 units were launched. An additional 3,401 units were launched under the Sale of Balance Flats (SBF) exercise, HDB said in a news release.
The 4,829 BTO flats on offer are spread across five projects. Three of the projects are in the non-mature towns of Punggol and Sengkang, while the other two are in the mature towns/estates of Geylang and Tampines.
image: http://www.channelnewsasia.com/image/9404410/0x0/849/638/e6d4fd7e3383ecdfaff43c5d1a170cb6/xp/bto-november.jpg
(Source: HDB)
Of the BTO units on offer in this sales exercise, the majority (3,880 units, or 80 per cent) will be constructed using the Prefabricated Prefinished Volumetric Construction (PPVC) method to boost construction productivity.
In total, about 22 per cent of the BTO flats launched this year will be constructed using PPVC, HDB said, adding that it aims to adopt PPVC for 35 per cent of BTO units launched by 2019.
The 3,401 balance flats comprise 759 two-room Flexi flats, 692 three-room flats, 1,407 four-room flats, 460 five-room flats, 76 3Gen flats and seven executive flats. The majority of the flats are reserved for first-timer families, although eligible first-timer singles may also apply for a two-room Flexi flat in non-mature towns.
Application for the new flats can be submitted online on the HDB InfoWEB until next Monday (Nov 20).
The November BTO launch brings the number of BTO flats launched this year to 17,584. Together with the 7,347 balance flats offered in May and November, and the 1,394 units in the August Re-Offer of Balance Flats exercise, HDB has put up a total of 26,325 flats for sale this year.
About 3,600 BTO flats will be launched in the next sales exercise in February 2018. A concurrent Re-Offer of Balance Flats exercise will also be held, HDB said.
Source: CNA/zl
Read more at http://www.channelnewsasia.com/news/singapore/hdb-flats-bto-sbf-november-sales-exercise-9404418
- wong chee tat :)
14 Nov 2017 11:05AM (Updated: 14 Nov 2017 11:24AM)
SINGAPORE: A total of 8,230 flats were put up for sale by the Housing and Development Board (HDB) on Tuesday (Nov 14) in its November sales exercise.
Under the Build-To-Order (BTO) exercise, 4,829 units were launched. An additional 3,401 units were launched under the Sale of Balance Flats (SBF) exercise, HDB said in a news release.
The 4,829 BTO flats on offer are spread across five projects. Three of the projects are in the non-mature towns of Punggol and Sengkang, while the other two are in the mature towns/estates of Geylang and Tampines.
image: http://www.channelnewsasia.com/image/9404410/0x0/849/638/e6d4fd7e3383ecdfaff43c5d1a170cb6/xp/bto-november.jpg
(Source: HDB)
Of the BTO units on offer in this sales exercise, the majority (3,880 units, or 80 per cent) will be constructed using the Prefabricated Prefinished Volumetric Construction (PPVC) method to boost construction productivity.
In total, about 22 per cent of the BTO flats launched this year will be constructed using PPVC, HDB said, adding that it aims to adopt PPVC for 35 per cent of BTO units launched by 2019.
The 3,401 balance flats comprise 759 two-room Flexi flats, 692 three-room flats, 1,407 four-room flats, 460 five-room flats, 76 3Gen flats and seven executive flats. The majority of the flats are reserved for first-timer families, although eligible first-timer singles may also apply for a two-room Flexi flat in non-mature towns.
Application for the new flats can be submitted online on the HDB InfoWEB until next Monday (Nov 20).
The November BTO launch brings the number of BTO flats launched this year to 17,584. Together with the 7,347 balance flats offered in May and November, and the 1,394 units in the August Re-Offer of Balance Flats exercise, HDB has put up a total of 26,325 flats for sale this year.
About 3,600 BTO flats will be launched in the next sales exercise in February 2018. A concurrent Re-Offer of Balance Flats exercise will also be held, HDB said.
Source: CNA/zl
Read more at http://www.channelnewsasia.com/news/singapore/hdb-flats-bto-sbf-november-sales-exercise-9404418
- wong chee tat :)
Double Filet Meal
Had a upsized double filet meal yesterday. But still hungry...
- Pic from MacDonalds' Singapore
- wong chee tat :)
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
- wong chee tat :)
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
- wong chee tat :)
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
- wong chee tat :)
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
- wong chee tat :)
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
- wong chee tat :)
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
- wong chee tat :)
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