【JES EG0 交流专区】JES INTERNATIONAL HOLDINGS LTD

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Listed on the Singapore Stock Exchange since 2007, JES International Holdings Limited is a major PRC shipbuilding group with facilities capable of producing different types of vessels below 500,000 deadweight tonnes ("DWT"), including non-standard vessels. The Group's principal products include bulk carriers, oil tankers, containerships and ocean engineering vessels.

The Group's shipyard is located at Shiwei Port, Jingjiang City, Jiangsu Province, PRC, featuring an approximately 1,800-meter-long coastline with access to deep water and stable currents. The facilities cover a gross land area of approximately 804,000 sqm and include an integrated block workshop, sixteen paint shops, one drydock, two slipways and four outfi tting wharfs that cover every stage of the shipbuilding process. The integrated block workshop is able to produce blocks of up to 300 tonnes each while the drydock enables JES to construct three bulk carriers of up to 180,000 DWT each or two crude oil tankers of up to 300,000 DWT each or very large ocean-engineering vessels and offshore equipment.

The Chairman and CEO, Mr. Jin Xin, has more than 34 years of experience in the shipbuilding industry. He has formulated and implemented various business strategies to enable us to grow into a major privately owned shipbuilder in the PRC. Mr. Jin is supported by highly experienced executive directors like Zhu Xiaoyang who is responsible for the strategic management of the entire Group's projects and Yang Lifeng who helps formulate the sales and marketing strategies. Most of the executive offi cers also have at least a decade of working experience in this industry. With the support of an able and dedicated management team, the Group is able to leverage on its extensive experience to maintain its competitive edge.

JES International Holdings Limited has more than 30 years of being a major PRC shipbuilder having achieved several milestones in the industry. The Group was recognized as one of the top 100 enterprises (2004) in 2005 by CCP Jingjiang City Committee Jingjiang City People's Government and again as one of the top 30 enterprises (2005) in 2006 by the same organization. As a testament to the product quality, the Group also obtained the ISO 9001:2000 certifi cation in April 2003 in recognition of the quality management system for shipbuilding and construction of ocean steel structures.

Backed by the proven track record, technical expertise, and a fi rm commitment to quality, JES International Holdings Limited is poised to ride on the waves of progress and greater prosperity in the shipbuilding industry.

Name of Announcer *	JES INTERNATIONAL HOLDINGS LTD
Company Registration No.	200604831K
Announcement submitted on behalf of	JES INTERNATIONAL HOLDINGS LTD
Announcement is submitted with respect to *	JES INTERNATIONAL HOLDINGS LTD
Announcement is submitted by *	LIM KOK MENG
Designation *	JOINT COMPANY SECRETARY
Date & Time of Broadcast	14-Aug-2013 19:08:39
Announcement No.	00250

>> ANNOUNCEMENT DETAILS

The details of the announcement start here ...

For the Financial Period Ended *	30-06-2013
Description	Please see attached.

Attachments

JES_2Q13.pdf

Announcement Title *

TERM SHEET IN RELATION TO THE PROPOSED SUBSCRIPTION FOR SHARES IN MINERIVER PTE. LTD.

Description

Please see attached.

Attachments

JESAnnouncementtermsheet.pdf

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文： 2014年03月12日 每日头条
http://www.sharesinv.com/zh/articles/45343/

JES国际控股(JES International Holdings)赢得合约，以建造一艘超巴拿马型散货船，外加再建造三艘同款船只的选择权。合约及选择权总值高达1亿2,000万美元。第一艘船定于2015年9月交付，若客户行使选择权，其他船只将从2015年11月起陆续交付。

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每日头条 | 2014年04月09日
http://www.sharesinv.com/zh/articles/46041/

JES国际控股(JES International Holdings)将以6,500万美元收购SCIBOIS CO的51%股权。收购对象持有一家伐木公司的75%股权。这家伐木公司拥有一张估计价值超过30亿美元、面积约为22万9,400公顷的伐木执照(2036年5月到期)。在完成收购后，公司将获得四年内带来1亿7,000万美元的盈利保证。


JES acquires forestry business in Congo after auditor's alarm
Source: The Edge   |   Publish date: Tue, 8 Apr 18:54  
http://www.theedgesingapore.com/the-daily-edge/business/47902-jes-acquires-forestry-business-in-congo-after-auditors-alarm.html

Mainboard-listed JES International Holdings, the shipbuilding group based in the China, has announced that the group has entered into an agreement to acquire 51% stake in SCIBOIS Co. for a consideration of up to US$65 million ($81.7 million).The announcement came less than 24 hours after JES released a SGX press statement last evening announcing that auditor firm BDO had "cast significant doubt about the group's ability to continue as going concern.” BDO noted that JES had liabilities that exceeded its RMB2.1 billion ($425 million) in current assets by RMB422.63 million, indicating the “existence of material uncertainty that may cast significant doubt about the group's ability to continue as going concern.” JES had called for a trading halt this morning before making the acquisition announcement after the market had closed.

SCIBOIS owns a 75% stake in De Commerce Internationale Du Bois Au Congo SCIBOIS SPRL (STE), a company incorporated in the Democratic Republic of the Congo. STE is a forestry enterprise engaged in the business of forest harvesting, wood processing, sales and import and export of business licensing. STE has been engaged in the business of timber extraction for numerous years in Congo and is in possession of a forest harvesting license until May 2036, in respect of a forest area of approximately 229,400 hectares. The value of this forest area is estimated at more than US$3 billion.

JES had incurred a net loss of RMB522.19 million for the financial year ended 31 December 2013. The shipbuilder secured banking facilities amounting to RMB135 million from various financial institutions to the financial year end, and obtained about RMB36 million for placement of share to certain investors. JES is also in the process of securing an equity line facility from another investor of up to RMB217 million, according to BDO in a filing to the Singapore Exchange.

In response, JES said that while it is aware of its current financial position, the group has not encountered difficulties in continuing to utilise its existing banking facilities.

Under the agreement, the acquisition of SCIBOIS potentially amounting to US$65 million will be carried out in two stages. The first stage is targeted to be executed before 31 May 2014, and involves the issuance of new ordinary shares, restricted to a maximum of 20% of the enlarged share capital, amounting to US$35 million, after which the group shall have the first right of option to manage STE’s logistics and port businesses.

The second stage shall be executed before 15 July 2014, involving the purchase of further 31% at a cash price of US$30 million. JES will also assist SCIBOIS in the areas of financing management, strategic execution and business modelling in order for it to grow to a global enterprise.

Upon completion of the second stage, the group will be provided a guarantee of accumulated net profits before tax amounting to US$170 million in the four years after acquisition. SCIBOIS is also planning to seek listing on a reputable stock exchange within four years, with a minimum market capitalisation of US$450 million.