Wednesday, June 25, 2014

Market News In 2 Minutes @ 25th 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. KrisEnergy (SK3) - The upstream oil and gas company, announced it has contracted the Key Gibraltar jack-up rig for development, appraisal and exploration drilling in two licences in the Gulf of Thailand. The contract with Shelf Drilling (Southeast Asia), will start around Jan 1, 2015 and will run for a firm six-month term with an option to extend for an additional two months. For more details of the report, click here. (source : The Edge)

2. Soilbuild Construction Group (S7P) - Announced that its wholly-owned subsidiary, Soil-Build (Pte.) Ltd., has won a $38.6 million contract by Pepperl+Fuchs (Mfg) to construct a global distribution centre. For more details of the report, click here. (source : The Edge)

3. Olam International (O32) - Has sold an 80% stake in its Australian grains business to Japan's Mitsubishi Corp for $64 million ($80 million). (source : The Edge)

4. Hu An Cable Holdings (KI3) - Its chairman and chief executive Dai Zhi Xiang has purchased an additional 6.1 million of the company’s share from the open market, raising his stake in the company from 17 percent to 17.6 percent. (source : Shares Investment)

5. SIIC Environment Holdings (5GB) - Has acquired a 30 percent stake in SIIC Environment (Dalian) Company through its 75.5 percent owned subsidiary SIIC Environment Holdings (Weifang) for Rmb6.9 million ($1.4 million). After the acquisition, the company will effectively hold over 90 percent stake in SIIC Environment (Dalian). (source : Shares Investment)

6. United Envirotech (U19) -Its wholly owned Malaysian subsidiary, Dataran Tenaga (Malaysia), has secured a new RM45 million ($17.5 million) engineering procurement and construction project. The contract entails the construction of a sewer network in the Southern area of Johor Bahru and the project will commence immediately with expected completion by the end of 2015. (source : Shares Investment)


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