Thursday, April 10, 2014

Market News In 2 Minutes @ 10th April 2014

Market News in 2 minutes
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. Keppel Corp. (BN4) - Has inked a deal to manage a shipyard in Fujian province in China in a move that taps into the growth of China's offshore and marine industry. Under the 30-year-agreement, which is renewable thereafter, the shipyard will take on projects using Keppel's proprietary designs. (source : The Edge).

2. ST Engineering (S63) - Announced that its aerospace unit, Singapore Technologies Aerospace, has recorded new orders worth $460 million in the first quarter (1Q) of 2014. For more details of the report, click here. (source : The Edge)

3. Gems TV Holdings (AM3) - Its substantial shareholder, Mounting Holdings, has made a cash offer for the remaining shares of Gems which it does not own. The offer price of $0.00408 per share is equal to Gem’s net tangible assets per share as at 31 March 2014. As of 8 April, Mounting owns 22.4 percent of the total issued shares of Gems. Note : At the time of writing, this share is in Suspense status as per SGX site (source : Shares Investment)

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