Monday, September 1, 2014

Market News In 2 Minutes @ 1st 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. Jasper Investments (FQ7) - Said its subsidiary Jasper cosmopolitan has been unable to raise sufficient funds to take delivery of the Jasper Cosmopolitan vessel. As such, shipbuilder Yiulian Shipyard has exercised its right to seek to sell the Jasper cosmopolitan vessel. (source : The Edge)

2. Global Yellow Pages (Y07) - Said the company’s indirect wholly-owned subsidiary, Global Food Retail Group, has agreed to acquire all the intellectual property rights including recipes and formulas held Wendy’s Supa Sundaes (WSS) and Innovation Ice Cream (IIC) for a consideration A$10 million ($11.67 million). For the complete report, click here. (source : The Edge)

3. LionGold Corporation (A78) - Has agreed to fully dispose of its shares in the capital of Acadian Mining Corporation for approximately $9.7 million. The target company is a company incorporated in Canada and owns certain mining claims located in Nova Scotia, Canada. The disposal will result in a net loss of $1.1 million . (source : Shares Investment)


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