Wednesday, August 13, 2014

Market News In 2 Minutes @ 13th August 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. Cosco Corp (F83) - Its 51% owned subsidiary, Cosco (Dalian) Shipyard Co., has won contracts valued over US$470 million ($588 million) to  build four subsea supply vessels from Maersk Supply Service AS which is part of the A.P. Moller-Maersk Group. The vessels are scheduled for delivery in 4Q2016 and 1H2017 respectively. Maersk Supply Service also has the option to build two more subsea supply vessels. (source : The Edge)

2. Centurion Corporation (OU8) - Said it has agreed to acquire a piece of land located at Seberang Perai Selatan in Penang, Malaysia, for RM6.3 million ($2.45 million). This marks the group’s first acquisition in another state of Malaysia outside of Johor. (source : The Edge)
3. Search engine Google Inc and five Asian telecom and communications companies have agreed to invest about US$300 million ($375 million) to develop and operate a trans-Pacific cable network connecting the United States to Japan. (source : The Edge)

4. Halcyon Agri Corporation (5VJ) - And its subsidiary, Hevea Global, have signed a memorandum of agreement to acquire the entire stake in New Continent Enterprises (NCE). The consideration for the acquisition will be 118 percent of the net book value of NCE, with total consideration estimated to be approximately US$30 million. (source : Shares Investment)

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