Tuesday, June 17, 2014

Market News In 2 Minutes @ 17th 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. Huan Hsin Holdings (H16) - Is planning to dispose its 30% stake in Li Sheng Electronic (Kunshan) for US$3.5 million ($4.38 million) in cash. (source : The Edge)

2. ASJ Holdings (538) - Ralec Electronic Corp, which is looking to take chip resistors maker (ASJ Holdings) private, has received valid acceptances representing 74.32% of the total issued share capital of ASJ. (source : The Edge)

3. TT International (T09) - Said late on Monday night that it expected to raise net proceeds of $24.8 million from its proposed placement of up to 167.3 million new ordinary shares at 15.45 cents each. (source : The Edge)

4. Yoma Strategic Holdings (Z59) - Announced it has agreed to go ahead with the acquisition of the 10-acre in the Landmark Development sites from Serge Pun & Associates (Myanmar) Limited (SPA), but under revised terms. For more details of the report, click here. (source : The Edge)

5. Sim Lian Group (S05) - was awarded with a contract worth $87.8 million by the Housing and Development Board for proposed building works in Sengkang. The contract period is 27.5 months and is not expected to have material effect on the earnings per share for the company for FY14. (source : Shares Investment)


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