Wednesday, July 30, 2014

Market News In 2 Minutes @ 30th 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. Oversea-Chinese Banking Corporation (O39) - Has acquired a total of 97.52% of the issued share capital of Wing Hang Bank, closing the US$4.95 billion ($6.15 billion) bid for the Hong Kong lender. (source : The Edge)

2. ISDN Holdings (I07) - Via its subsidiaries, ISDN Investments and Aenergy Holdings, inked an investment agreement where an individual investor will subscribe for ordinary shares representing 20 percent of shareholding interest in Aenergy. The proceeds of US$6.4 million generated through the agreement will allow Aenergy to develop its portfolio of hydropower project investments in Indonesia. (source : Shares Investment)

3. See Hup Seng (566) - Proposed to invest US$8 million for a 25 percent stake in the enlarged capital of Aenergy Holdings, a subsidiary of ISDN Holdings. The proposed investment which will be satisfied in cash, will allow See Hup Seng to gain a strategic exposure into Indonesia’s growing renewable energy sector, particularly hydropower. (source : Shares Investment)


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