Deutsche Bank AG. Acquisition for investment purpose. (Sales Initiated by Financial Institution to Meet Obligation).  Will it initiated its coverage with a price target as it did for Synear??

Numbers of shares held B4 15,000,000 or 3.44 % and after 63,333,000  or  6.52 %

SINGAPORE :

A new benchmark has been launched for investors to track 25 China stocks listed in S?pore. Prime Partners China Index covers 25 Chinese-owned & managed companies, with a total mkt capitalization of over S$13.8 bil.

It is the brainchild of financial services firm Prime Partners Corporate Finance. The new index will help investers better monitor the performance of a diversified portfolio of SGX-listed China stocks, which are fast becoming d alternate investment option to S?pore blue chips. China stocks, which are fast becoming d alternate investment option to S?pore blue chips.

"In the last four years, SGX has seen 105 companies listed. They now represent 15% or one in seven shares traded and it's time to have something that focuses on this niche market," says Quek Peck Lim, chairman of Prime Partners Corporate Finance.

It is value-weighted and covers most sectors in manufacturing and services. The index will be available to brokers and subscribers of the SGX price feed beginning October 2.

It uses the same methodology as the ST Index, UOB SESDAQ Index as well as the S&P 500. It?ll initially be calculated on a close to real time basis, with a 10 minute delay on the SGX price feed. The index is disseminated through Reuters & will also be available on Bloomberg.

It China Index is designed to be a benchmark for issue mgrs and fund mgrs to track the growth of fast growing Chinese companies.

With this stock index, there?ll be opportunities for stocks to feature in warrants, exchange-traded funds and futures contracts. "large market capitalization among the top in terms of trading volume with sufficient free float and represent a spread of industries,"

One exclusion from the index - China Aviation Oil. "CAO had some problems it had to resolve, when it was suspended. Though it?s a huge mkt cap, it would be considered, we felt we should not put it in at this moment be co?s of its sporadic trading record over the last 12 - 15 mths," says Quek.

Point to notes: It sure help to me to better manage my China Portfolio Stocks. ::)))

The Business Times News on Hyflux stocks rise on news of WB funding

The Business Times.

By Wong Wei Kong - Sep 20, 2006
SHARES of water specialist Hyflux rose on news that it has received World Bank (WB) funding for its China projects. International Finance Corp (IFC), the commercial lending arm of the World Bank, said that Sinospring Utility, a 50%-owned by Hyflux, is receiving US$45 m of financing from IFC.

Earlier this year Hyflux announced d completion of the subscription loan agreements with IFC.

IFC will make a US$20 mil investment in SinoSpring, in the form of a preferred convertible bond issue. SinoSpring is Hyflux's vehicle for China-based water treatment projects & is currently executing eight contracts. IFC will also make a US$25 mil loan to Tianjin Dagang NewSpring Co, a wholly owned subsidiary of SinoSpring that is currently building what will be China's largest desalination plant when completed.

Hyflux shares rose another 2.5 per cent to $2.43 yesterday, after gaining 3 per cent on Monday.

UOB-Kay Hian reported on the water sector. 'Its preferred China water plays r companies w/strong downstream integration such as distribution, given its belief that water tariffs will increase as part of the Chinese govt's efforts to manage scarce water. It also likes niche players which provide equipment or expertise, like Sinomem and Sino-Environment.