Friday, June 6, 2014

Market News In 2 Minutes @ 6th 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. Centurion Corporation (OU8) - Has announced that its wholly-owned subsidiary, Centurion Dormitories Sdn. Bhd., has established a 49% associated company in Malaysia known as Oriental Amber Sdn. Bhd. For more details, click here. (source : The Edge)

2. Vard Holdings (MS7) -  Said it has won a contract (valued at $168 millions) for the design and construction of one Offshore Construction and Anchor Handling Vessel for REM Offshore. REM Offshore is a Norwegian shipping company focusing on remoter underwater operations and supplying anchor handling-and-platform vessels. (source : The Edge)

3. QT Vascular (5I0) - Announced the clearance of its Chocolate PTCA Balloon Catheter by the United States Food and Drug Administration. (source : The Edge)

4. Tat Hong Holdings (T03) - Announced that it has divested its 31.3% stake, comprising 73.1 million shares, in Kian Ho Bearings to Raffles United in a married deal. (source : The Edge)

5. Rex International Holding (5WH) - Announced that their jointly-controlled entity Lime Petroleum Norway have signed an agreement with North Energy to acquire 5% stakes in two additional licenses in Norway. (source : The Edge)

6. Midas Holdings (5EN) - Its joint venture company Nanjing SR Puzhen Rail Transport Co (NPRT) has secured three metro train contracts worth RMB3.5 billion. The three contracts are expected to contribute to the group’s financial performance positively for the next three years. Midas has a 32.5 percent equity stake in NPRT. (source : Shares Investment)

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