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. AusGroup (5GJ) - Via its joint venture company, AGC Meisei Joint Venture, has bagged a contract worth A$197 million for the provision of subcontract works involving painting, surface protection, fireproofing and insulation. Including the latest contract win, AusGroup’s order book will be lifted to AU$480 million. (source : Shares Investment)
2. Hock Lian Seng Holdings (J2T) - Has been awarded the tender for an industrial land site in Tuas South Avenue 7 for $31 million. The group intends to develop the land parcel into an industrial development comprising of strata titled units. The transaction was financed by a combination of bank borrowings and internal resources of the company. (source : Shares Investment)
3. Hotel Royal (H12) - Agreed to acquire a 97-room boutique hotel, The Baba House and its business in Melaka, Malaysia for RM26.1 million. The acquisition will allow the group to further grow its operations in Malaysia as well as the potential for capital appreciation as the target hotel is located on prime land from various Melaka’s historical sites and is limited in supply. The acquisition is expected to be financed by both cash and bank borrowings. (source : Shares Investment)
4. Smartflex Holdings (5RE) - Proposed the placement of 30 million new shares at $0.12 per share. The new shares will represent 23.7 percent of the enlarged share capital of the company. The net proceeds of US$2.7 million generated from the shares placement, will be channelled into its working capital requirements. (source : Shares Investment)
Cheers!
2. Hock Lian Seng Holdings (J2T) - Has been awarded the tender for an industrial land site in Tuas South Avenue 7 for $31 million. The group intends to develop the land parcel into an industrial development comprising of strata titled units. The transaction was financed by a combination of bank borrowings and internal resources of the company. (source : Shares Investment)
3. Hotel Royal (H12) - Agreed to acquire a 97-room boutique hotel, The Baba House and its business in Melaka, Malaysia for RM26.1 million. The acquisition will allow the group to further grow its operations in Malaysia as well as the potential for capital appreciation as the target hotel is located on prime land from various Melaka’s historical sites and is limited in supply. The acquisition is expected to be financed by both cash and bank borrowings. (source : Shares Investment)
4. Smartflex Holdings (5RE) - Proposed the placement of 30 million new shares at $0.12 per share. The new shares will represent 23.7 percent of the enlarged share capital of the company. The net proceeds of US$2.7 million generated from the shares placement, will be channelled into its working capital requirements. (source : Shares Investment)
Cheers!
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