Friday, September 26, 2014

Market News In 2 Minutes @ 26th September 2014

Market News in 2 minutes
TGIF! Have a great weekend ahead of you!

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. Teho International (5OQ) - The marine and offshore oil and gas company, says it has entered into a non-binding letter of intent with Eric Cheng Lye Meng and three other sellers to acquire a 100% stake in ECG Property Services (at $17 million of which $5 million will be paid in cash and the remaining $12 million paid in about 42.9 million shares at 28 cents each). (Source : The Edge)

2. Ascendas (Q1P) -  And Vietnam's Saigon Bund Capital partners have signed a joint venture deal to build a US$130-million ($165 million) business park in Ho Chi Minh City. (source : The Edge)

3. Ezion Holdings (5ME) - The liftboat owner and operator and offshore logistics support service provider, says wholly-owned subsidiary, Ezion Offshore Logistics Hub (EOLH) has entered into a memorandum of understanding with a large multinational fuel trading and distribution company for the potential storage and distribution of fuel on Port Melville in Northern Australia. (source : The Edge)

4. YuuZoo Corporation (AFC) - The social e-commerce shopping mall, said it has signed an exclusive partnership agreement with Turkey’s largest social fashion e-commerce aggregator Bukombin. (source : The Edge)

5. Sino Construction (F3V) - Proposed an off-market takeover bid to fully acquire the share capital of Guildford Coal (GUF), a company listed on the Australian Securities Exchange, for a price of up to A$63.3 million (approximately $71.2 million). If successful, Sino Construction intends to finance the acquisition by the allotment of up to 229.6 million new shares where 1 share of Sino Construction is offered for every 4.5 shares in GUF. (source : Shares Investment)

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