Venture Corporation Limited registered revenue of S$3,784.1 million for the financial year 2008, a slight
2.3% decline against the preceding year. In US dollar terms, the full year revenue would have grown by
4.6%. Full year net profit for the year ended 31 December 2008 declined 44.6%, largely due to nonoperational
charges of S$114.5 million on derivative financial instrument and S$6.3 million impairment of
an associate.
• Singapore Exchange Limited (SGX), in consultation with the Monetary Authority of Singapore (MAS),
introduces further measures to accelerate and facilitate listed issuers’ fund raising efforts. The following
new measures will take effect on 20 February 2009:- A) Allow up to 100% Renounceable Pro-Rata Share
Issuance B) Increase Discount Limit for Placement Exercise, C) Scrip Dividend Schemes, D) Allow
Placements to Certain Substantial Shareholders without Specific Shareholders’ Approval, E) Allow
Underwriters to include Non-Major Shareholders of the Issuer as Sub-Underwriters, F) Introduction of
“When-Issued” Trading for Rights Issue.
• China Merchants Holdings Ltd announced
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