Thursday, August 28, 2014

Market News In 2 Minutes @ 28th 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. Stats Chippac (S24) - Said Jiangsu Changjiang Electronics Technology Co. and Tianshui Huatian Technology Co. approached the Singapore-based semiconductor test and assembly services company about purchasing it. For more details of the report, click here. (source : The Edge)

2. Straco Corp (S85) - Which focuses on tourism businesses in China, said it plans to acquire the giant Singapore Flyer ferris wheel in downtown Singapore for $140 million. For more details of the report, click here(source : The Edge)

3. Wilmar International (F34) - Proposed the acquisition of Nexsol (Malaysia) for a cash consideration of RM27 million from Kulim (Malaysia). At the same time, the group will acquire a 30-acres land parcel that is located in Johor Bahru, Malaysia, from Kulim for RM23 million in cash. (source : Shares Investment)


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