Tuesday, September 2, 2014

Market News In 2 Minutes @ 2nd 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) - Said the group has ventured into the electronic equipment repair business through a strategic partnership with R-Logic International. For more details of the report, click here. (source: The Edge)

2. Olam International (O32) - Dutch farming cooperative Royal FrieslandCampina, one of the five largest dairy companies in the world, said on Monday it will buy the Ivory Coast dairy businesses of Singapore’s Olam International. Olam said FrieslandCampina was paying US$18.7 million ($23.4 million) cash for the business and US$6.3 million for the right to use Olam’s "Pearl" trademark in certain African countries. For more details of the report, click here. (source : The Edge)

3. Singapore Exchange (S68) - Proposes the provision of improved accessibility of bonds to retail investors. The new framework will benefit retail investors in two ways, namely allowing the purchase of bonds in smaller lot sizes that are currently denominated in $0.2 million or above, and subsequent offers of new bonds by their issuers on the same terms as seasoned bonds. However, the proposed regulatory framework will only apply to plain vanilla bonds with a minimum principal amount of $300 million and a maximum tenure of 10 years. (source : Shares Investment)

4. YHI International (Y08) - Agreed to sell its land and building located in Negeri Sembilan, Malaysia for RM30.5 million (approximately $12.1 million). Due to the ongoing restructuring of the company, the property is no longer a fit in the group’s strategy. (source : Shares Investment)


No comments:

Post a Comment

Like What You See? Subscribe To Us Here...

* indicates required