Monday, June 30, 2014

Market News In 2 Minutes @ 30th 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. OCBC (O39) - Said all the pre-conditions to an agreement to buy Hong Kong's Wing Hang Bank Ltd had been satisfied, as various regulators had given their blessing to the US$4.95 billion deal. For more details of the report, click here. (source : The Edge)

2. ICP (5I4) - Is buying a 20% stake in Australian coal exploration company Tiaro Coal for A$3.05 million ($3.6 million), and selling off its 17% stake in another Australian gold exploration company for A$2 million. (source : The Edge)

3. Jackspeed Corporation (J17) - Is selling its leasehold factory in Loyang Drive for $6.5 million under its on-going efforts to redeploy capital more efficiently. (source : The Edge)

4. SMJ International Holdings, the carpet distributor, said its IPO of 20.24 million shares comprising 14 million new shares and 6.24 million vendor shares at $0.28 each, has been fully subscribed, raising proceeds amounting to $5.67 million. (source : The Edge)

5. Chiwayland Group - The Chinese developer eyeing the local property market is poised to be the first S-chip in about two years to list on the Singapore Exchange, the Straits Times reported. It will soon complete a $399 million reverse takeover of mainboard-listed oil and gas firm R H Energy (CL7). (source : The Edge)

6. PNE Micron Holdings (5BS) - Has informed of the potential acquisition of no more than 30 percent of the company’s stake by potential investors who are in late stage discussions with substantial shareholders of the company. (source : Shares Investment)


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