Friday, June 27, 2014

Market News In 2 Minutes @ 27th 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 Corp (BN4) - Its unit, Keppel Shipyard, has signed a conditional contract with Golar Hilli Corporation, a subsidiary of Golar LNG, to perform the world’s “first-of-its-type” conversion of an existing Moss LNG carrier, the Hilli, into a Floating Liquefaction Vessel (FLNGV). (source : The Edge)

2. Advance SCT (5FT) - Proposed the disposal of the company’s 90 percent stake in SCT Technologies (Kunshan) Co. Under the disposal agreement, the purchaser would repay Rmb5.2 million (approximately $1 million) of legacy debt owed to Advance SCT. The company views this as a timely opportunity to exit its loss making printed circuit board and re-channel efforts into its core business of manufacturing and sales of copper-based industrial products. (source : Shares Investment)

3. Equation Corp (532)  - Established a joint venture (JV) with Tengah Engineering & Hardware and Lim Hong Kia to set up a JV company, Tengah GreenTech, where the company would hold 40 percent of its shareholding. (source : Shares Investment)

4. GSH Corporation (J16) - Via its joint venture company, Plaza Ventures, proposed to acquire Equity Plaza from DL Properties, a subsidiary of Keppel Land, for a purchase consideration of $550 million. (source : Shares Investment)


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