Thursday, May 15, 2014

Market News In 2 Minutes @ 15th May 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. Dyna-Mac Holdings (NO4) - Secured new fabrication orders, worth $50 million, with works expected to commence in 2Q14. The orders, obtained from two repeat clients, involve eight units of topside modules and three units of structural blocks. (source : Shares Investment)

2. Hwa Hong Corporation (H19) - To assume a 50-percent stake in five retail shop units in London. The net acquisition consideration of the properties, measuring a total floor area of approximately 14,399 square feet, is £10.3 million ($21.5 million). Hwa Hong is paying £2.8 million ($5.9 million) for its share. (source : Shares Investment)

3. PACC Offshore Services Holdings (U6C) -  Bagged a US$80.5 million charter contract for its accommodation vessel to support Petrobras’ oil and gas production activities in the Campos Basin. If the 1-year extension option is exercised, the total contract value will be in excess of US$144 million. (source : Shares Investment)


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