Wednesday, June 4, 2014

Market News In 2 Minutes @ 4th 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. Ley Choon Group Holdings(Q0X) - The provider of underground utilities construction and road works, won its maiden contract in Sri Lanka for the rehabilitation of 10 km of sewer lines and assessment of 125 km of sewer lines within Colombo Municipal Council Area at a contract value of $38.2 million. For more details, click here (source : The Edge)

2. YuuZoo, a Singapore e-commerce firm run by the former Asia head of Finnish technology company Nokia , plans to go public through a $490.9 million reverse takeover of W Corporation. For more details, click here (source : The Edge)

3. HanKore Environment (U9E) - China Everbright International has agreed a reverse takeover of Singapore-listed HanKore Environment Tech Group, in which it will transfer water treatment assets to HanKore in return for $1.2 billion in shares. (source : The Edge)
4. Sembcorp Industries (U96) - Has signed a joint venture agreement to acquire and upgrade an existing wastewater treatment plant in Lianyungang Lingang Chemical Industrial Park (LCIP) in Jiangsu province for $26 millions. (source : The Edge)
5. Chip Eng Seng (C29) - Has secured a $165 million contract from the Housing & Development Board for construction works at Sembawang Neighbourhood. (source : Shares Investment)

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