Friday, September 19, 2014

Market News In 2 Minutes @ 19th 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. Loyz Energy (594) - Said the company had on 10 September 2014 been served a writ of summons by Advance Capital Partners. Advance Capital Partners claims Loyz had failed to repay a loan of $4 million.(source : The Edge)

2. Giken Sakata (542) - Announced that PT Cepu Sakti Energy, a subsidiary of the company, has entered into two cooperation agreements with PT Sarana Patra Jateng. The Trembul and Gabus agreements grant the right to PT CSE to managea total of 70 old oil wells in Central Java. (source : The Edge)

3. Singapore Exchange (S68) - Said it is adding new Asian foreign exchange (FX) futures contracts on Chinese RMB (USD/CNH, CNY/USD), Japanese Yen (USD/JPY) and Thai Baht (THB/USD). The new Asian FX contracts will be available for trading from 20 October 2014. (source : The Edge)

4. Xinren Aluminum Holdings (MN5) - Said its 51%-owned subsidiary, Xinjiang Production and Construction Corps Agricultural Division Eight Xinjiang Tianshan Aluminum Plant Co., has acquired 55% stake in Xinjiang Tianfu Coal Mining Co. for RMB88.6 million ($18.3 million). (source : The Edge)

5. DeClout (5UZ) - Said its wholly-owned subsidiary Corous360 has entered into a joint venture agreement with local games veteran Jacky Choo See Wee, to create Epicsoft Asia, a games distribution platform for Asia Pacific. For the complete story of the report, click here.  (source : The Edge)

6. Keppel Land (K17 ) - Agreed to dispose of its one-third interest in Marina Bay Financial Centre Tower 3 to Keppel Real Estate Investment Trust for $710.1 million (subject to completion and post completion adjustments). (source : Shares Investment)


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