Monday, July 14, 2014

Market News In 2 Minutes @ 14th July 2014

Market News in 2 minutes
World Cup 2014, Brazil has just officially ended a couple of hours ago. In case you are still don't know, this year, the champion is GERMANY!

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. Singapore’s economy unexpectedly contracted in the second quarter after manufacturing slumped, hurt by a tighter labour supply. GDP fell an annualised 0.8% in the three months through June from the previous quarter, when it expanded a revised 1.6%. For the complete report, click here. (source : The Edge)

2. Frasers Hospitality Trust reports that the 45.5 million stapled securities offered to retail investors attracted around $552.7 million worth of applications. This translates into a subscription rate of around 13.8 times. (source : The Edge)

3. City Developments (C09) - Proposed for the acquisition of 30 percent interest in Quantum for a purchase consideration of $14.3 million in cash. Quantum is the principal operating subsidiary of Millennium & Copthorne Hotels New Zealand (MCK) which owns or leases seven hotels. City Developments already owned interest in Quantum prior to the proposed acquisition. (source : Shares Investment)

4. Technics Oil and Gas (5CQ) - Has acquired an 80 percent stake in Marinelift Testing & Supply and Rigging & Marine Services for a consideration of  $16.5 million. 30 percent of the acquisition will be paid via cash with the remaining fulfilled by the issuing of new ordinary and treasury shares, thereby increasing total issued and paid up capital of the company from $65.8 million to $77.3 million. (source : Shares Investment)

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