Thursday, May 29, 2014

Market News In 2 Minutes @ 29th 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. Tiong Seng Holdings (K2P) – Its subsidiary, Tiong Seng Contractors, and Dongah Geological Engineering Co has been awarded a $316 million contract. The contract was awarded by the Land Transport Authority for the construction of the Great World Station and tunnels for the Thomson line. Work is stipulated to commence this month. (source : Shares Investment)

2. Singapore Windsor Holdings(Y45) -  Has entered into a joint venture agreement with Golden Infrastructure Group(GIG) for the establishment of a joint venture in Myanmar. The businesses shall be to, amongst others, engage in the business of owning and operating and providing services for telecommunication and wireless networks in Myanmar. (source : Shares Investment)

3. CapitaMalls Asia (JS8) - Its subsidiary Menang Investment has acquired a total of 3,250,700 units in CapitaMalls Malaysia Trust (CMMT) from CapitaMalls Malaysia REIT Management for a cash consideration of $1.7 million. Following the acquisition, CMA’s effective interest in CMMT has increased from 36.1 percent to 36.2 percent. (source : Shares Investment)

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