Thursday, August 21, 2014

Market News In 2 Minutes @ 21st 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. OCBC (O39) - Is in talks to sell its stake in United Engineers, a Singapore property and construction company, to Thai billionaire Charoen Sirivadhanabhakdi, people familiar with the matter said. For more details, click here. (source : The Edge)

2. XMH Holdings (M9F) - The diesel engine provider for the marine and industrial sectors, said the group has signed a Memorandum of Understanding (MOU) to acquire an 80% equity stake in Z-Power Automation from BH Global Corporation and vendors. For more details, click here. (source : The Edge)

3. SingPost (S08) - Has acquired a 100% stake in F.S. Mackenzie, a UK-based freight forwarder, according to media reports. (source : The Edge)

4. Amtek Engineering (M1P) - Its wholly-owned subsidiary, Amtek International, has agreed to the sale of all 52.3 million shares of Fischer Tech it currently holds for approximately $8.4 million, which translates to $0.16 per share. Net proceeds of the sale will be used for general working capital, capital expenditure and investments of the group. (source : Shares Investment)

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