Keppel Telecommunications and Transportation
services and trades in communication systems. The company also owns,
and manages ships. Other activities include warehousing, freight
container services and air freight services. Communication systems
are traded include PABX systems, public handphones, facsimile machines,
pagers and voice mail systems. Telecommunication services accounted for
71% of 1999 revenues; shipping, 18% and logistics, 11%.
T&T to raise
US$100m for expansion
Wednesday, December 01
SINGAPORE--Keppel Telecommunications &
plans to sell up to US$100 million of convertible bonds to fund its
and Internet-related business expansion in Asia.
Plans are to issue US$85 million in bonds with an
if demand is huge. The three-year bonds can be converted into Keppel
new ordinary shares at S$2.46 per new share. Upon full conversion of
US$100 million bonds, 68,292,682 new shares will be issued. This
about 15 percent increase in Keppel T&T's existing issued share
Said Teo Soon Hoe, chairman of Keppel T&T:
provide a comprehensive suite of Internet and e-commerce solutions to
enterprises. We are also strengthening our position in the high-speed
communications area through our telecom engineering arm and MobileOne."
The company intends to invest in Internet and
firms. It hopes to develop products that deliver combined voice, data,
video and fax capabilities over the Internet for the corporate market.
An application has been made to list the bonds on
Exchange. The bond issue is awaiting approval from the Stock Exchange
Singapore and Keppel T&T shareholders.
Robert Fleming & Co will lead manage the bond
TatLee Bank as the local sales coordinater and Jardine Fleming
Securities handling the sales arrangement.
Keppel T&T owns part of Internet service
which has not started operations. Keppel T&T also has a 35 percent
equity stake in mobile operator MobileOne (M1). It has recently
in Israeli Internet communications software company Imagine.
Local conglomerate Keppel Corporation owns 72
TO RAISE UP TO 100 MLN USD VIA CONVERTIBLE BOND ISSUE
AFX (AP) - Asia ; 30-Nov-1999 01:41:44 am ; 137 words
Telecommunications & Transportation Ltd said it is raising up to
mln usd through the issuance of three-year convertible bonds.
it intends to issue an initial 85 mln usd worth of bonds and has an
to issue an additional 15 mln usd in case of oversubscription.
convertible after three years to new KeppelT&T
shares at 2.46 sgd per share. The conversion price may change depending
on unspecified circumstances, it said.
the bonds will account for 15 pct of the company's enlarged issued
capital, it said.
the bond issue, which will be arranged by Jardine Fleming Singapore and
TatLee Bank, will be used to finance the company's expansion into
and internet-related businesses.
1999 NET PROFIT PRE-EXTRAS 22.378 MLN SGD VS 12.926
and Transportation Ltd 1999 results:
|Net profit pre-extras - 22.378 mln sgd vs 12.926
|Net profit - 26.065 mln sgd vs 3.726 mln
|Sales - 391.798 mln sgd vs 369.227 mln
|Pre-tax profit - 25.8 mln sgd vs 18.8 mln
|EPS - 5.4 cents vs 3.9
|Final div - 9 pct vs 7
SEES REVENUE REACHING 1.0 BLN SGD BY 2004
AFX (AP) - Asia ; 29-Jun-2000 12:00:00 am ; 261 words
Telecommunications & Transportation Ltd is expecting its revenue to
reach 1.0 bln sgd, partly reflecting additional contributions from its
e-business ventures, managing director Ng Eng Ho said.
are likely to post a compounded annual growth rate of 30 pct over the
revenue rose 6.1 pct year-on-year to 391.8 mln sgd, while net profit
extraordinary items grew 73 pct to 22.38 mln.
said the company's
e-business initiatives will provide revenue of about 250 mln sgd by
needed for this business should be finished by yearend so it should
contributing revenue in the second half of 2001.
to be profitable by 2002," he added.
has so far invested about 50 mln sgd to build up its e-business
which includes D1Asia, ASP1, Adroit Innovations, Netrust, Apac BizInfo
and Arrel Communications and Software.
two years, it is planning to spend 200 mln sgd, Ng said.
to be the e-business partner of choice for business enterprises in
eventually become Keppel T&T's
third core operation, the first two being telecommunications and
on the business-to-business segment of the market, initially
in Singapore, Malaysia, Thailand and the Philippines.
said the company
will develop content through alliances with local players and possibly
taking equity positions in strategic companies.
said the management
is planning to list two of its e-business units, including D1 Asia and
Apac BizInfo, "within the next 12 to 18 months.
Asia is a wholly-owned
unit of Keppel T&T.
It provides clients with backroom web hosting and co-server location
provider Apac BizInfo, meanwhile, is 50 pct owned by KeppelT&T.
The remaining 50 pct is owned by BayCorp Holdings Ltd of New Zealand
Dun & Bradstreet.
- Why would Keppel T&T issue a convertible
bond rather than a
bond -- or equity?
- What was the effective cost of financing to
Keppel T&T of this form
Keppel T&T web