Tuesday, May 27, 2014

Market News In 2 Minutes @ 27th 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. Artivision Technologies (5NK) - Has terminated its agreement with Beijing Daheng Innovative Technology Co Ltd to allow the latter to exclusively adopt its Avision software for its surveillance hardware applications. Artivision said this was prompted by "non-performance in accordance with the terms of the agreement''. (source : The Edge).

2. Tung Lok Restaurants (540) - Has warned of a loss for FY2014 due to rising operating costs and lower than expected revenue of outlets opened. (source : The Edge)

3. Q&M Dental Group (QC7) – Controlling shareholder Quan Min Holdings, and substantial shareholders, Kelvin Koh and Felicia Koh have agreed to sell a combined 10 percent stake to Heritas Helios Investments (HHI). This grants HHI the right to call upon A&M to issue 63 million new shares within a two year option period for a minimum exercise price of $0.48 per share. (source : Shares Investment)

4. Vard Holdings (MS7) - Has successfully secured a contract with Island Offshore for the construction of one offshore support vessel of Rolls-Royce design worth more than NOK 1 billion. Delivery is scheduled in 2Q16. (source : Shares Investment)

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