Tuesday, June 10, 2014

Market News In 2 Minutes @ 10th June 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. Global Logistic Properties (MC0) - The provider of logistics facilities in China, Japan and Brazil, has signed a build-to-suit (BTS) agreement with Deppon Logistics for a 25,000 sq m (269,000 sf) distribution centre in Greater Xiamen, Southern China. For more details, click here (source : The Edge)

2. Sheng Siong Group (OV8) - Said its wholly-owned subsidiary, Sheng Siong Supermarket, has been granted an option by S-11 Wan Jin Investment to purchase a three-storey HDB commercial property for $65 million. (source : The Edge)

3. ComfortDelGro Corporation (C52) - Divested its 76 percent interest in its subsidiary, Yantai ComfortDelgro Automobile Services for a sale consideration of Rmb20.78 million (approximately $4.2 million). Further to the announcement, the company did not proceed with the intended 50:50 joint venture with Guangzhou Transportation Group, where the agreement was signed in November 2012. (source : Shares Investment)

4. Sino Construction (F3V) -  Agreed to acquire 51 percent of the issued share capital in Signet Coking Coal International for a purchase consideration of US$21 million. Through the acquisition, the company expects to gain a strong foothold to participate in the coking and thermal coal resources industry as well as a diversification from its existing business. (source : Shares Investment)

5. KLW Holdings (504) - Secured four new contracts worth $10.2 million for the supply and installation of doors to three private residential projects in Singapore and a commercial project in China. In addition, the company has signed a three-year door supply agreement to XL Joinery, a subsidiary of Golden Pharos (Europe), where the agreement is valued at approximately US$34 million and ends in February 2017. (source : Shares Investment)


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