Thursday, September 11, 2014

Market News In 2 Minutes @ 11th September 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. Sembcorp Marine (S51) - Said its wholly-owned subsidiary Jurong Shipyard has signed a sales and purchase agreement with SSP Offshore to acquire substantially all its business assets for US$21 million ($26.5 million). For more details of the report, click here. (source : The Edge)

2. ST Engineering (S63) - Announced that VT Mobile Aerospace Engineering, Inc (VT MAE) and the city of Pensacola have signed an agreement to set up an aircraft maintenance, repair and overhaul (MRO) facility at the Pensacola International Airport in Pensacola, Florida. This follows the signing of the Memorandum of Understanding in December 2013. (source : The Edge)

3. Lian Beng Group (L03) - Its associate, Millennium Land, together with its joint-venture (JV) partner, Billion Land, proposed the disposal of their investments in a 50:50 JV company, 122 Middle Investment, for $270 million. (source : Shares Investment)

4. See Hup Seng (566) - Proposed a one-for-two bonus issue of 304.2 million warrants at an exercise price of $0.20 per share to its existing shareholders (existing shareholders will be issued a free warrant for holding every two ordinary shares of See Hup Seng). Assuming that all issued bonus warrants are exercised, the net proceeds of $60.3 million will be used to fund the group’s existing and potential projects in the near future and other business development opportunities. (source : Shares Investment)


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