Thursday, June 12, 2014

Market News In 2 Minutes @ 12th 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. Tiong Seng (K2P) - Has signed a joint-venture (JV) agreement with two listed Japanese companies to manufacture and supply precast tunnel segments to the Singapore and Malaysia markets. (source : The Edge)

2. A recent survey conducted by the Monetary Authority of Singapore (MAS) showed that economists remain confident that the country's economy will grow by 3.8% this year. For more details, click here. (source : The Edge)

3. SingTel (Z74) - The Southeast Asia’s largest telecommunications operator, said on Wednesday it would buy two digital advertisers (Adconion and Kontera Technologies) for a total of US$359 million ($449 million), eager to achieve profitability for the business through expansion. For more details, click here. (source : The Edge)

4. Fragrance Group (F31) - Agreed to acquire a property in Melbourne, Australia, for a purchase consideration of A$78 million. (source : Shares Investment)

5. Asiasons Capital (5ET) - Has agreed to acquire 10.7 percent of the issue and paid-up share capital in EMS Holdings (an exhibitions and events managements company) for a purchase consideration of $2.7 million. (source : Shares Investment)


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