Thursday, June 26, 2014

Market News In 2 Minutes @ 26th 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. Keppel Land (K17) - And Alpha Investment Partners, a fund managed by its property fund management arm, have agreed to sell Equity Plaza in Raffles Place for $550 million to a consortium called Plaza Ventures, led by Mainboard-listed GSH Corporation (J16), which is controlled by Sam Goi. For more details, click here. (source : The Edge)

2. Hyflux (600) - Through its wholly-owned subsidiary, Hyflux International Pte Ltd, and Mexico’s leading infrastructure bank, Banco Interacciones, a subsidiary of Grupo Financiero Interacciones, have signed a memorandum of understanding (MOU) to jointly carry out exploration, structuring, pursuit and/ or installation of water and other projects and developments in Mexico. For more details, click here. (source : The Edge)

3. LionGold Corp (A78) - Its bid to raise $5 million from a proposed share subscription evaporated as the remaining four would-be subscribers backed out of the deal. But the junior gold miner unveiled another subscription agreement with a Malaysian businessman to raise gross proceeds of $4.23 million, the Business Times reported. (source : The Edge)

4. ICP (5I4) - Its wholly-owned subsidiary, ICP (IP), has entered into an agreement with Travelodge (IP) to acquire the trade mark rights to the hotel brand name “Travelodge” in 22 territories and countries in the Asia Pacific region excluding Australia and New Zealand for A$3 million ($3.5 million). The company foresees a growth potential in the limited service hotel sector and the acquisition will provide an opportunity for it to gain access to an international mid-scale hotel brand. (source : Shares Investment)

5. Unionmet (A6F) - Has agreed to purchase a 51 percent stake in Biofuel Research for $3 million from OEL Holdings (584). Biofuel is in the business of processing acid oils and greasy waste using different technologies and the acquisition is in line with the company’s strategy to expand into the oil blending business and to diversify from its existing mineral trading business. (source : Shares Investment)


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