Tuesday, September 23, 2014

Market News In 2 Minutes @ 23rd 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. Tritech Group (5G9) - Said its wholly-owned subsidiary, Tritech Consultants had won a $13.795 million contract by the Land Transport Authority. For complete report, click here. (source : The Edge)

2. Vallianz Holdings (545) - The provider of offshore support vessels and marine solutions, today announced that its wholly-owned subsidiary Vallianz Shipbuilding & Engineering (VSE) has agreed to acquire a shipyard facility in Batam, Indonesia for $19.8 million. For complete report, click here. (source : The Edge)

3. City Developments (C09) -  Agreed to purchase Anting Investments for US$22.6 million. Anting Investments, an investment company incorporated in Mauritius, owns a subsidiary, Shanghai Anting Waratah Real Estate Development Co which comes with a paid up capital of US$12.5 million. The proposed acquisition will provide City Developments an opportunity to expand and enhance its presence in China. (source : Shares Investment)

4. Pacific Radiance (T8V) - Has acquired another 40 percent of equity interest in CrestSA Marine & Offshore for $2 million. When completed, the target company will be a wholly owned subsidiary of Pacific Radiance. (source : Shares Investment)

5. Wee Hur Holdings (E3B) - Bagged a housing building works project worth $157.7 million from the Housing & Development Board for the construction of 10 residential blocks, a multi-storey car park, linkways, roof gardens, driveways, service roads and landscaping works at Punggol West. Estimated to take 2.5 years to complete starting October, this newly-acquired contract strengthens the group’s order book to an estimated $404.9 million. (source : Shares Investment)


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