Wednesday, October 1, 2014

Market News In 2 Minutes @ 1st October 2014

Market News in 2 minutes
Time flies, we are already on the first day of last quarter of 2014! Soon, we will say sayonara to 2014 and welcoming a brand new year!

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. Vallianz Holdings (545) - The provider of offshore support vessels and marine solutions to the oil and gas industry, announced that it is acquiring OER Holdings for US$27.7 million ($35.4 million). For the complete report, click here. (source : The Edge)

2. City Developments (C09) - Singapore’s second-largest developer, bought a plot of land in Tokyo valued at $356 million as it seeks to expand overseas amid declining demand at home. For the complete report, click here. (source : The Edge)

3. mDR Limited (A27) - Says its wholly owned subsidiary Pixio Sdn. Bhd. has entered into a memorandum of understanding with Colossal Media Sdn. Bhd. to acquire the business and certain assets of Colossal Media. (source : The Edge)

4. Tiong Seng Holdings (K2P) - Says its wholly-owned subsidiary, Tiong Seng Contractors, has been awarded a contract from PUB, the national water agency, for the proposed construction of the Stamford Diversion Canal Phase 2. The contract is worth $107.7 million and will start in November.  (source : The Edge)

5. Norway-listed EMAS Offshore, an associate company of Singapore-listed Ezra Holdings, is planning an IPO in Singapore. EMAS Offshore is offering 48.6 million shares to local investors at $1.21 each to raise $58.8 million. (source : The Edge)

6. OCBC (O39) - Says it has completed the subscription of 207.5 million new shares in Bank of Ningbo Co today.The placement price of RMB8.45 ($1.75) per share was adjusted from the RMB8.85 per share that was proposed on Jan 14 2014. (source : The Edge)

7. Libra Group (5TR) - Has been awarded a sub-contract worth $12.1 million for the construction, supply, delivery and installation works. Works under the contract is expected to take nine months to complete. (source : Shares Investment)

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