Acquisition of China Dredging & Engineering Pte Ltd
On 23 November 2007, we invested in China Dredging & Engineering Pte Ltd. The key thurst of this investment is to seize the opportunities presented by Tianjin’s marine redevelopments. The Company currently operates two dredges, servicing Tianjin harbor’s dredging and land reclamation projects.
Acquisition of Ying Tai Bio-Technology Pte Ltd – Yingtai
On the 23rd November 2007, we signed an agreement to invest in Ying Tai Bio-Technology Pte Ltd, “Yingtai”. Yingtai is involved in the production of a biological enzyme, Lysostaphin, which is a substitute for antibiotics. Two of their product ranges currently available for sale are Xinjingjie (OTC segment) and Baikerui (hospital segment).