Tuesday, May 20, 2014

Market News In 2 Minutes @ 20th 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. Goodpack (G05) - KKR & Co is nearing a deal to buy Singapore-listed Goodpack, the world’s largest maker of intermediate bulk containers which has a market value of $1.36 billion, people familiar with the matter said. For more details, click here. (source : The Edge)

2. Singapore Airlines (C6U) - Is suspending services to Cairo and Riyadh from late September in response to weak demand. (source : The Edge)

3. Olam International (O32) - To invest US$61 million to establish a new cocoa processing facility in Indonesia. The facility will primarily grind Indonesian beans sourced through Olam’s traceable cocoa network to produce cocoa butter, cocoa cake and high quality cocoa powders. (source : Shares Investment)

4. Otto Marine (G4F) - Has entered into an agreement to acquire 10 percent of Go Marine Group (GMG) from M Squared Nominees (M Squared) for an aggregate value of US$5 million. (source : Shares Investment)

5. TIH (T55) - Its indirectly wholly owned subsidiary, Lilydale International has invested a sum of US$1.76 million to acquire a 44 percent stake in Batavia Enterprise which will undertake property development in Taiwan. TIH entered into this transaction due to the attractive commercial valuation of the assets in this transaction and the potential to participate in the future development of the assets.
 (source : Shares Investment)

No comments:

Post a Comment

Like What You See? Subscribe To Us Here...

* indicates required