Monday, September 29, 2014

Market News In 2 Minutes @ 29th 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. Nam Cheong (N4E) - Marco Polo Marine says OSV builder Nam Cheong has agreed to invest up to US$30.7 million ($39.1 million) for a 30% stake in Marco Polo’s indirect Indonesian subsidiary PT Pelayaran Nasional Bina Buana Raya Tbk (BBR). For the complete report, click here. (source : The Edge)

2. Nam Cheong (N4E) - Secured contracts worth US$41 million ($52.1 million) for the sale of three anchor handling towing supply vessels to three repeat customers. In tandem with the latest contracts win and five vessels which were sold in September 2014, the company’s order book is lifted to RM1.9 billion. (source : Shares Investment)

3. Ziwo Holdings (I9T) - The manufacturer of foam and fabric materials, announced that Zhihe (Fujian) Technology Co., a wholly owned subsidiary of the group, has signed a Letter of Intent with Fu Dongli to acquire 25% equity stake in Xisheng (Quanzhou) Investment Co. for RMB160 million ($33.3 million). (source : The Edge)

4. Golden Agri-Resources (5EH) - The Singapore-listed holding company of crude palm oil producer PT Sinar Mas Agro Resources and Technology (SMART) Tbk , plans to enter into a joint venture with Compania Espanola de Petroleos (Cespa) of Spain. (source : The Edge)

5. Lum Chang Holdings (L19) - Says the company has increased its shareholdings in Kemensah Holdings (KHPL) by 49% from 51% to 100% for RM38.3 million ($14.9 million). For the complete report, click here(source : The Edge)

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