Wednesday, September 24, 2014

Market News In 2 Minutes @ 24th 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. Metech International (QG1) - Has agreed to invest an initial in RM1.3 million ($500,000) in Malaysian mining company Pulai Mining. Established in 1998 in southern Kelantan, Pulai Mining has an exploration licence for gold and other minerals covering an area of 37 sq km. For the complete report, click here. (source : The Edge)

2. Jumbo Group, the Singapore restaurant chain known for its chili and black pepper crabs, plans to sell shares in an initial public offering next year, according to a person with knowledge of the matter. (source : The Edge)

3. SMRT (S53) - Announced that subsidiary Singapore Rail Engineering (SRE) and Toshiba Corporation have set up joint venture company Railise Pte Ltd. Railise will market and supply propulsion systems using Toshiba’s Permanent Magnet Synchronous Motor (PMSM) technology. (source : The Edge)

4. Pteris Global (UD3) - Said its subsidiary Shenzhen CIMC-TianDa Airport Support Co. has received a letter of award from Zhengzhou XinZheng International Airport for the supply and installation of Airport Passenger Boarding Bridges (PBB) for the airport’s Terminal 2 Phase 2 expansion project. The contract is valued at RMB227 million ($46.8 million). (source : The Edge)

5. SBI Offshore (5PL) -  Announced that it will raise $16.2 million from placing new shares to four investors including Malaysian businessman, Mirzan bin Mahathir. For the complete report, click here. (source : The Edge)

6. Sembcorp Marine (S51) - Says its wholly-owned subsidiary SMOE has secured a contract with Bechtel for the fabrication of liquefied natural gas processing modules for a resource project in Western Australia. The contract value is estimated at US$190 million ($240.8 million).  (source : The Edge)

7. Cosco Corporation (F83) - Said that shipyards of its subsidiary have won contracts worth US$230 million ($291.5 million).  (source : The Edge)


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