Monday, May 19, 2014

Market News In 2 Minutes @ 19th 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. Wilmar International (F34) - Goodman Fielder accepted a A$1.4 billion ($1.6 billion) takeover offer from Wilmar International and First Pacific Co. after the bidders lifted an initial proposal by 7.7%. For more details, click here (source : The Edge)

2. China Environment (5OU) - Bagged eight contracts worth Rmb166.8 million to supply electrostatic precipitators and hybrid dust collectors to six customers in China. (source : Shares Investment)

3. Logistics Holdings (5VI) - Secured a $72 million contract from the Housing and Development Board (HDB). The project involves constructing four blocks of HDB flats as well as its accompanying facilities along Yishun Avenue 1. (source : Shares Investment)

4. TEE Land (S9B) - Its TEE Hospitality has established a 90:10 joint venture company (JV), JPJ Properties, with Peter & Jan Clark (Levey Street), with paid up capital of A$100 million. The JV has agreed to acquire a three-star hotel located in Sydney, Australia, for A$23.9 million. (source : Shares Investment)


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