Monday, July 21, 2014

Market News In 2 Minutes @ 21st 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. Kingsmen Creatives (5MZ) - A leading communication design and production group, announced today that its wholly owned subsidiary, Kingsmen Exhibits Pte Ltd, has been awarded the contract for KidZania Singapore valued at $25.2 million. (source : The Edge)

2. Sembcorp Marine (S51) - Its wholly-owned subsidiary Sembawang Shipyard has secured a Floating Storage Production Offloading (FPSO) conversion contract worth about $600 million from Saipem SA, France for the conversion of Two FPSOs for the Kaombo Project in Offshore Angola. (source : The Edge)

3. China Gaoxian Fibre Fabric Holdings (I4U) - Its subsidiary, Fujian New Huawei Fibre Dyeing Co. has incorporated Huzhou Huaxiang Properties Co. in China with a registered capital of Rmb10 million and will principally be engaged in real estate development and property management. The company’s other unit, Huaxiang (China) Premium Fibre Co. has agreed to acquire the entire stake in Changle Bole Trading Co. and Changle Guangda Trading Co. for Rmb3 million each, equivalent to their net book values. (source : Shares Investment)


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