Wednesday, April 2, 2014

Market News In 2 Minutes @ 2nd April 2014

Market News in 2 minutes
April's Fool Day has just over, so, let's get back to business, seriously! ;-)

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. Noble Group (N21) - Cofco (Hong Kong), a unit of Cofco Corp, joined by Hopu Investment Management Co., a private-equity fund, will buy 51% of its unit, Noble Agri International Limited (NAL) for US$1.6 billion (source : The Edge)
2. Oversea-Chinese Banking Corp. (O39) - Offered HK$38.4 billion ($6.2 billion) to buy Wing Hang Bank in the biggest takeover of a Hong Kong lender since 2001 to gain a foothold in the expanding Chinese financial hub. (source : The Edge)

3. Swissco Holdings (5FD) - Has agreed to buy Scott and English Energy for $285 million. The purchase price will be satisfied by the issuance of 452.38 million consolidated shares at the price of 63 cents each after Swissco undertakes a 2-into-1 share consolidation. (source : The Edge)

4. CapitaLand (C31) - Has acquired the remaining 40-percent stake in Ascott International Management Japan Co (AIM Japan) for 20 million yen (about .3 million). With the purchase, AIM Japan will become a fully-owned subsidiary of CapitaLand. AIM Japan manages serviced residences in Japan. (source : Shares Investment)
5. Pacific Radiance (T8V) - Has secured a US$100 million contract for the first of its 14 new builds scheduled for delivery in FY14. The maintenance work vessel will be chartered to an international oil major for up to seven years, including extensions, for a project in South East Asia. (source : Shares Investment)


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