Wednesday, April 9, 2014

Market News In 2 Minutes @ 9th 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. Frasers Centrepoint Trust (FCT) - Has entered into a conditional sale and purchase agreement to buy Changi City Point from Ascendas Frasers for $305 million. Ascendas Frasers is a 50-50 joint venture between Ascendas Development and Frasers Centrepoint. (source : The Edge)

2. JES International Holdings (EG0) - Has entered into an agreement to acquire 51% stake in SCIBOIS Co. for a consideration of up to US$65 million ($81.7 million). The announcement came less than 24 hours after JES released a SGX press statement revealing that auditor firm BDO had “cast significant doubt about the group's ability to continue as going concern.” (source : The Edge)

3. Pacific Radiance (T8V) - Has inked a joint venture (JV) agreement with Westsea Marine (S), an Australian company providing maritime services as well as an owner and operator of a modern diversified fleet of vessels. The JV company, Westsea Radiance, intends to be engaged in the business of ship ownership and other offshore marine related services in the offshore support vessel segment. (source : Shares Investment)


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