The Edge (14th Jan 2010)

Financial One offers 20% stake in Chailese unit
Thursday, 14 January 2010

© 2010 - The Edge Singapore

Ezra posts 93% rise in net profit to $25.5m for 1Q
Thursday, 14 January 2010

© 2010 - The Edge Singapore

AusGroup unit wins integrated services contract worth $6.5m per year
Thursday, 14 January 2010

© 2010 - The Edge Singapore

Oceanus to Buy 2 Companies, Spin Off Restaurant Unit

Jan. 11 (Bloomberg) -- Oceanus Group Ltd., the world’s largest operator of abalone farms, plans to buy two companies this year to expand its food business and sell shares of its restaurant unit as early as 2012.

Oceanus may buy a Taiwan food-packager by mid-2010 and an Australian company later in the year to boost its supply of wild abalones, Chairman Ng Cher Yew said. Ah Yat Tian Xia, its chain of restaurants, will sell shares in Taiwan or Hong Kong, he said. Oceanus stock rose by the daily limit in Taipei.

The company is expanding to ride on China’s growing consumer market as the central bank estimates the economy will grow 9 percent this year.

Oceanus Group Limited: Earnings Announcement

Oceanus Group Limited posted a 91% increase in profit before tax of RMB334.7 million for the 9 months ended 30 September 2009 compared to the corresponding period.