Market News In 2 Minutes @ 30th Mar 2014

As stock investors (even though a small one), it is important to keep abreast with the latest financial and market news. Since I am in it, I thought it might be worthwhile to share it out with my readers too.

Hence, I started this "Market News In 2 Minutes" series.

Following are the "Market News In 2 Minutes" for today :

1. CapitaLand (C31) - It's subsidiary, Shanghai Zhong Da Industry Development Co, has secured a 60% interest in two adjacent prime residential sites in the New Southern Area of Chengdu, Sichuan, China, for RMB752 million (about $155 million). CapitaLand plans to build an estimated 4,600 apartment units on the 133,333 sq m sites to cater to first-time home buyers and upgraders. Construction is expected to begin in the second quarter of 2014 with the first phase targeted for launch by end 2014. (source : The Edge)

2. SembCorp Industries (U96) - Has commenced construction of its largest energy-from-waste facility, worth $250 million, in Singapore. Expected to be completed in early 2016, the project is the first to use industrial and commercial waste to produce steam for supply to companies on Jurong Island. (source : Shares Investment)

3. Neo Group (5UJ) -  It's FY13 turnover rose 25.6 percent to $52.4 million, underpinned by growth in its food catering business and an expanded number of outlets in its food retail business. Consequently, net profit more than doubled to $6.4 million. The firm proposed a final dividend of $0.0151 per share, bringing total dividends for the year to $0.0267, which is 78 percent higher compared to FY12’s total dividends of $0.015.  (source : Shares Investment)

4. SIIC Environment Holdings (5GB) - Planned to sell its subsidiary, Wuhan Kaidi Water Services, by way of open bidding on the Shanghai United Assets and Equity Exchange. The minimum sale price is Rmb7.9 million (approximately $1.6 million). (source : Shares Investment)

Cheers!