Yangzijiang up-date

MEDIA RELEASE – FOR IMMEDIATE RELEASE

Yangzijiang aiming to enter the robust offshore sector

􀂃 Offered to acquire PPL Holdings by intending to take a 50.1% stake.

􀂃 Rest 45% and 4.9% in PPL Holdings would be taken up respectively by strategic partner, a Middle East investor and Yangzijiang’s Non-Executive Director, Mr Yu Kebing.

􀂃 Total consideration for PPL Holdings at US$155 million.

􀂃 Yangzijiang would place 83.555 million shares at S$1.295 per share to the Middle East investor to fund its proposed stake of 50.1% in PPL Holdings.

SINGAPORE – 17 April 2010 – Yangzijiang Shipbuilding (Holdings) Limited (“Yangzijiang” or “the Group” or “扬子江船业控股有限公司”), one of PRC’s leading and most enterprising shipbuilder listed on the SGX Main Board, on 15 April 2010 entered into a placement agreement with a Middle East investor ("Investor") in relation to the placement of 83,555,000 new ordinary shares in the capital of Yangzijiang at the issue price of S$1.295 per new share.

BAKER TECHNOLOGY LIMITED

OFFER FROM YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD. TO PURCHASE THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF PPL HOLDINGS PTE LTD.

PPLH holds an aggregate direct and indirect 15% stake in PPL Shipyard Pte Ltd ("PPL Shipyard"). The balance 85% is held by Sembcorp Marine Limited ("SML").

Wah lau....and looking at how the price of Baker Techn "runs" last Friday morning before being "halted" before lunch time, I believe come Monday when the shares of this stock are lifted for trading they will cause a lot of excitement ( be it positive or negative ) to the market. And the likely outcome will be a positive one at that esp seeing how the share price for both NOL and Cosco recovering towards the last hour of trading last Friday. Both were traded down most of the time on Friday but towards the last hour of trading....both bounced from the low of the day to come in and closed positive with volume too.

Btw this is humble opinion, happy trading!