Wednesday, August 20, 2014

Market News In 2 Minutes @ 20th August 2014

Market News in 2 minutes
If you follow this daily market news blog series, you will notice that there is a missing post for yesterday (19/08/2014). The reason being that I fall sick yesterday and decided to rest without any blogging. But I am back and kicking now! So, expect longer post today! ;-)

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. Olam International (O32) - Has agreed to sell a 25% stake in its packaged foods operations to Japanese instant noodle maker Sanyo Foods for US$187.5 million ($233 million), the companies said in a joint statement. (source : The Edge)

2. Singapore's Neptune Orient Lines is looking to sell its APL Logistics division with the hope of fetching more than US$750 million, according to people familiar with the situation. For more details of the report, click here. (source : The Edge)

3. Nam Cheong Group (N4E) - Following the sale of Marco Polo Marine Group’s 50% stake in Marco Polo Offshore (IV) to Nam Cheong Group, the two companies have formed a joint venture company with a share capital of US$4 million to invest, fund, own and operate vessels such as accommodation work vessels, work barges, and anchor handling tugs and supply vessels. (source : The Edge)

4. OKH Global (SN3) - Is proposing the acquisition of a 15% stake in Pan Asia, an established logistics and supply chain solutions provider, for $21.5 million. (source : The Edge)

5. SBI Offshore (5PL) - Said it has won a US$24 million ($30 million) contract to provide design and engineering services for a jack-up drilling rig that can operate in water depths of up to 110 meters with a Middle East-Chinese consortium. (source : The Edge)

6. Heeton Holdings (5DP), Lian Beng Group (L03) and KSH Holdings (ER0) - Announced today that they are collaborating via their respective subsidiaries to co-develop a A$150 million ($174 million) mixed development in Fortitude Valley, Brisbane, Australia. For more details of the report, click here. (source : The Edge)

7. Global Logistic Properties (MC0) - Has signed a new lease agreement for 6,500 square meters at GLP Atsugi in Greater Tokyo, with SENKO Co, one of the firm’s largest customers in Japan. With the new agreement, GLP Atsugi, a newly completed 100,000 square meters multi-tenant logistics facility is 100 percent leased. (source : Shares Investment)


No comments:

Post a Comment

Like What You See? Subscribe To Us Here...

* indicates required