Thursday, July 10, 2014

Market News In 2 Minutes @ 10th July 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. SIA Engineering (S59) - Announced it has signed an agreement yesterday with The Boeing Company (Boeing) to form a joint venture based in Singapore, which will provide fleet management services to airlines in the Asia-Pacific and beyond. The agreement is subject to regulatory approvals being obtained in the relevant jurisdictions. For the complete report, click here. (source : The Edge)

2. Samudra Energy, which owns oil and gas exploration interests in Indonesia, is seeking to raise US$200 million ($248 million) to US$250 million in an initial public offering (IPO) in Singapore, IFR reported on Wednesday. (source : The Edge)

3. Oriental Group (5FI) - Proposed the disposal of its subsidiary, OGL Energy, for a sale consideration of Rmb3 million (approximately $0.6 million). OGL’s subsidiary, Xinghua Oriental Gas holds a contract for the installation of gas piping in nine villages in North Eastern Xinghua, China. (source : Shares Investment)

4. SIIC Environment Holdings (5GB) - Proposed to issue up to 1 billion new shares at $0.158 per share to raise up to $154.8 million after deducting expenses. The new shares will represent 10.4% of the enlarged share capital. The company intends to use the net proceeds for the purpose of financing for its business expansion, enlarging the general working capital of the group, repaying existing borrowings, as well as for general corporate purposes. (source : Shares Investment)

No comments:

Post a Comment

Like What You See? Subscribe To Us Here...

* indicates required