Wednesday, October 15, 2014

Market News In 2 Minutes @ 15th October 2014

Market News in 2 minutesAs 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. Keppel Land (K14) - Proposed the expansion of the SM-KL project to strengthen its commercial portfolio in the Philippines. The project would be expanded via a phase two development, comprising a 42-storey office building and retail podium to be completed by 2019 and 2016 respectively. The total expected construction costs for phase two is $336 million. (source : Shares Investment)

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2. TEHO International (5OQ) - Entered into a non-binding letter of intent to fully acquire the share capital in Liha Shipservice and Store Rijnmond for an undisclosed amount as at the time of the announcement. The proposed acquisition will complement the core business of the group where the target companies are engaged in the supply of rigging and mooring products. (source : Shares Investment)

3. Trek 2000 International (5AB) - Has sold its 45 percent stake in Tracer Technology and 20 percent stake in Tracer Technology (Suzhou) for $0.8 million. The divestment is a part of the group’s restructuring efforts to streamline its core business. (source : Shares Investment)


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