Monday, July 7, 2014

Market News In 2 Minutes @ 7th 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. Aspial Corporation (A30) - Is planning to build a luxurious residential skyscraper in Melbourne. Standing at 319 metres tall, the project has been given approval by the Victorian Government. Gross development value (GDV) of this landmark project is estimated to be $1 billion. For complete report, click here. (source : The Edge)

2. Japfa, controlled by Indonesia’s Santosa family, plans to raise at least US$250 million ($312 million) from an initial public offering in Singapore, said people with knowledge of the matter. (source : The Edge)

3. Polaris (5BI) - Will acquire 504.4 million shares representing 10.6 percent stake in PT Trikomsel Oke Tbk for $65.8 million from Sugiono Wiyono Sugialam and PT SL Trio, to be satisfied by the issuance of shares at $0.023 apiece. Separately, Polaris is raising proceeds of $150 million from a subscription agreement with Tres Maria Capital, wholly owned by Sugiono, for the expansion of its distribution of mobile communications devices. (source : Shares Investment)

4. Unionmet (A6F) - Has inked a deal with the Institute of Chemical & Engineering Sciences (ICES) to partner on the research and development in the oil blending business. ICES will be providing highly skilled research scientists and engineers to the company, with the SPRING Singapore bearing up to 70 percent of the costs of the manpower. (source : Shares Investment)

5. Vallianz Holdings (545) - Has sealed a three-year collaboration agreement with Offshore Oil Engineering (OOE), the largest offshore engineering and construction company in China. The deal presents a great opportunity for the company to enter the vast offshore oil and gas industry in China. (source : Shares Investment)

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