R10 - Rotol Singapore Ltd.

Rotol Singapore Ltd. is engaged in architectural surface coating and design and fabrication of aluminium curtain-wall claddings. The Company also specialises in the performance testing of curtain walls and the trading of silk screen machinery and accessories. The Company has two business segments: coating, which provides fluorocarbon coating service, and fabrication, which provides fabrication services. Its subsidiaries include Winwall Technology Pte Ltd, Rotol New Asia Pte Ltd, Aluminium & Technologies (Altech) Pte Ltd, Rotol (S) Co., Ltd Jiaxing Factory and Rotol Technology Systems Limited. On September 5, 2006, it acquired Rotol Machinery Pte Ltd, pursuant to which Rotol Machinery Pte Ltd became a wholly owned subsidiary of the Company. On September 13, 2006, Rotol Singapore Ltd. acquired Rotol New Asia Pte Ltd. In October 2006, the Company sold its entire 70% equity interest in Winwall, including Winwall Technology Sdn Bhd, a wholly owned subsidiary of Winwall.

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SUMMARY

Industry Building Completion
Address 17 Tuas Avenue 9 Singapore 639197 Singapore
Phone 6568622921
Fax 6568617511

TAKEOVER TARGET

Rotol is being subjected to a mandatory offer by Mulpha International Bhd, which had agreed to acquire 38 per cent of the company or 145.92 million shares at $0.06 per share in a married deal from J Singapore Investments Pte Ltd (JSI). Mulpha will now offer to pay the same price for the remaining shares in Rotol, which is involved in architectural surface coating and design, and the fabrication of aluminium curtain wall claddings.

Mulpha is a diversified conglomerate listed in Malaysia. It is one of Malaysia's largest real estate investors and developers in Australia, owning assets that include Sanctuary Cove in Queensland; InterContinental Hotel in Sydney; and Hilton Melbourne Airport.

Mulpha said that it will conduct a comprehensive review of the operations, management and financial position of Rotol to develop a new business plan to further expand existing business operations. It intends to preserve the listing status of Rotol on the Singapore Exchange.

NEWS

  • September 20, 2008 - Takeover offers for King's, Rotor1 - The moves could see King's Safetywear delisted but Rotol Singapore is set to remain a listed entity.
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