Wednesday, September 3, 2014

Market News In 2 Minutes @ 3rd 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. Yoma Strategic Holdings (Z59) - Says it is planning to increase in land bank at its flagship Pun Hlaing Golf Estate and purchase of operating rights in the golf and country club for $95.9 million. For the complete details of the report, click here. (source : The Edge)

2. JB Foods (Q0W) - Said it will exercise a call option to purchase 80% stake or 40,000 shares in PT JeBe Koko, a cocoa bean processing facility in Gresik, Indonesia, for US$18.4 million ($23 million) . For the complete details of the report, click here. (source : The Edge)

3. Rotary Engineering (R07) - The provider of engineering, procurement, construction and maintenance services supporting the oil and gas and petrochemical industry, announced that it has recently won several contracts worth a total value of about $80 million. For the complete details of the report, click here. (source : The Edge)

4. Sunningdale Tech (T35) - Proposed the acquisition of the entire share capital in Anchorage Singapore Holdings for US$66.1 million (approximately $82.7 million). The proposed acquisition is both a strategic fit and attractive opportunity for the company to further strengthen its leadership position in the industry. (source : Shares Investment)

Cheers!

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