Friday, July 11, 2014

Market News In 2 Minutes @ 11th 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. First Sponsor Group Ltd (FSGL), the developer of residential and commercial properties in China’s tier-two cities like Chengdu and Dongguan, is offering 34.05 million shares at $1.50 each for its Mainboard listing in its IPO. (source : The Edge)

2. Ezra Holdings (5DN) - Will sell the marine assets under its EMAS division, which owns and operates offshore support vessels, to EOC for about US$500 million ($621 million) in cash and new shares. (source : The Edge)

3. GSH Corporation (J16) - Has agreed to sell its trading and distribution businesses to Serial System (S69). The consideration for the sale is US$2.4 million plus the net asset value as at 30 June 2014. (source : Shares Investment)

4. Miyoshi Precision (M03) - Has agreed to the sale a factory cum office building located at Senai III Industrial Estate 81400 Senai Johor Malaysia for RM4.7 million (approximately $1.8 million).The company intends to use the net proceeds for working capital and funding for future business plans. (source : Shares Investment)

5. Technics Oil and Gas (5CQ) - Has been awarded contracts worth a total of $6.2 million through its subsidiaries. The contracts comprise the supply of gas booster compressor for production facilities and gas compressor skid for FSO vapour recovery project in Vietnam. (source : Shares Investment)

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