Wednesday, July 9, 2014

Market News In 2 Minutes @ 9th 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. Low Keng Huat (F1E) - Said its subsidiary Newfort Alliance (Moulmein) Pte. Ltd, has exercised options to purchase 36 balance units at Balestier Tower for $63.9 million. (source : The Edge)

2. Keppel Land (K17) - Its wholly-owned subsidiary, Keppel Land Estate, has entered into a deal to acquire an additional 43 percent stake in The Estella phases 2 and 3 held by its Vietnamese partner, Tien Phuoc, in the Estella joint venture company for VND243.9 billion (US$11.5 million), increasing its stake to 98 percent upon completion. (source : Shares Investment)

3. Wee Hur Holdings (E3B) - Its unit, Wee Hur Development has been awarded the land parcel at Lot No. 6042W of Mukim No. 13 at Woodlands Avenue 12 by the urban land development authority at the tendered sale price of $76.9 million. The term of lease of the land parcel is 30 years. (source : Shares Investment)

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